15 Apr, 2019, 12:02 ET
DENVER, April 15, 2019 /PRNewswire/ -- GoChain has added DISH Network, a Fortune 250 company, as a signing node on GoChain's public network.
DISH is a leading satellite and streaming TV company in the U.S., with annual revenues topping $13 billion. This isn't DISH's first foray into blockchain as they began accepting Bitcoin for payment in 2014 and last year announced it would accept Bitcoin Cash.
DISH Chief Information Officer, Atilla Tinic said, "We are curious about new and interesting technology that may help us better deliver for our customers. GoChain's approach is unique, so we're giving our top notch developers a chance to take it for a test drive."
GoChain's Proof of Reputation (PoR) consensus algorithm relies on "reputable" validators like DISH to sign blocks. PoR has several advantages over its predecessor, Proof of Work (PoW), which is used as the consensus algorithm for Bitcoin and Ethereum. The main benefits of PoR are that it's faster, greener, and much more Enterprise friendly. GoChain's PoR is in excess of 1000 times greener than PoW. At scale, GoChain's PoR validator network is designed to have 50 Enterprise companies signing blocks.
GoChain's CEO, Jason Dekker said, "DISH has always been a technology pioneer and we are extremely proud to have them as a Node signer. In the Enterprise world, trust and reputation are extremely important and having DISH join our node network is a vital first step in validating our approach."
DISH Network Corporation is a connectivity company. Since 1980, DISH has served as the disruptive force in the pay-TV industry, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming Sling TV services. DISH operates a national in-home installation workforce, as well as an advertising sales group delivering targeted advertising solutions on DISH TV and Sling TV. In addition to its TV services, DISH has commenced buildout of a national narrowband "Internet of Things" network that will apply capacity from its strategic spectrum portfolio. DISH Network Corporation (NASDAQ: DISH) is a Fortune 250 company.
GoChain is a highly scalable, low cost network protocol designed to run distributed applications and to deploy smart contracts. At 1300 transactions per second it is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain is a public cryptocurrency with the ticker symbol GO.
Contact: Adam Norris, Director of Operations, [email protected]
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