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.”