Stablecoins have cemented their place in the cryptocurrency industry. Despite some controversy surrounding some of these currencies, it seems there is still a growing demand for interoperable solutions. GoChain may have an interesting solution in this regard, as its GOST protocol proposal can introduce some powerful changes and improvements.
Why GOST Matters
Not to be confused with the Ghost Protocol movie, GOST Protocol is an entirely different creature. For now, it is merely a proposal which can introduce some interesting dynamic changes for GoChain. The cross-chain transaction concept, a sit is currently known as, could open the door for issuing stablecoins on GoChain and ensure intra-chain operability as a result.
It is to be believed this concept would be capable of keeping transactions decentralized, as all network nodes will need to participate to make transactions occur. In an ideal scenario, users will be able to transfer tokens to and from GoChain at any given time. For now, the main focus lies with being…