GoNetwork aims to solve the problem of scaling in the Ethereum network.

It’s a low cost, low latency scalable network for the Ethereum network, essentially setting out to to do for Ethereum what the Lightning Network aims to do for Bitcoin.
GoNetwork is designed for the trillion dollar mobile economy and commerce market.

Its main objective is to build a mobile network for Ethereum ERC20 tokens that’s off chain.

State channels amortize the cost of transactions based on the number of off-chain transactions completed off-chain. In typical high-frequency workflows, the cost of transactions will be several orders of magnitude lower than running the transactions on Ethereum directly.

A major concern with blockchain technology centers on speed and high cost of transactions. Transactions on blockchains like bitcoin are expensive and slow. With growing usage, Ethereum will fare no differently over time. GoNetworks solution solves this problem by allowing off-chain transactions.

GoNetwork has employed a highly skilled team of advisors including Jeff Morris, Tess Hau, Nenone Donaldson, Ian Balina, David Debono, Laurent Bernadin and Paul Allamby.