OVERVIEW
Blockchain technology has long since established a salient ground and imprint in the sand of time that it is almost impossible to talk about modern technologies without bringing up the subject. The world of technology has advanced and literally brought man out of its dark age to the point of advanced knowledge in learning, communication, trading, transportation and so on. The recent trend in technological advancement has further brought to limelight the usability and technicality of recent innovations. For instance, Blockchain technology has shown the world how swift, transparent and secured transacations can be. It further shows how this technology can be used in various aspects of life including e-commerce, banking, media, transportation to mention but few. However, with all the string benefits of blockchain technology there is still the subject of scalability and it has been a major bottleneck in the Blockchain industry and this has made it almost impossible for Blockchain technology to be accepted by all and sundry. With this in view, usechain has put in certain foundations that will solve this problem effortlessly and I will be highlighting this features with detailed and specific explanations
USECHAIN FEATURES
Below are listed the architectural designs that distinguishes usechain from every other blockchain and its importance to the challenges currently plaguing blockchain technology.
NETWORK SHARDING
SHARDING is described as the splitting of data into horizontal partitions and each of these partitions act as a sub unit of the entire data, in that when all units of the database shards are assembled together they still form a whole. SHARDING does not disintegrate or distort the processing of data, rather it distinguishes and gives distinctive roles to each partition thereby making the speed of data processing faster and in less time. With network SHARDING, data being processed does not have to go through every node which may take a longer time, it gets to the distinctive nodes assigned for it.
BENEFIT IN USECHAIN PLATFORM
With the concept of SHARDING being explained above, we can say that network SHARDING used in the usechain platform will enhance speed of data processing and transactions. This will help in conquering the challenge of scalability that has constantly plagued Blockchain technology.
RANDOMISED PROOF OF WORK
Before I delve into this subject I'll briefly explain what consensus algorithm is and it's necessity in blockchain technology. A consensus simply means agreement and algorithm connotes mathematical simulations. Hence, consensus algorithm in the field of computer and data processing simply means the agreement on a single data value among distributed processes, nodes or systems. Recall that Blockchain technology is a decentralized distributed systems where transactions are confirmed across different nodes. Hence, a consensus algorithm is needed to help in achieving reliability in a network involving multiple unreliable nodes thereby solving consensus problems.
BENEFIT IN USECHAIN TECHNOLOGY
As opposed to the proof of work which has proven to be power intensive because it consumes energy and the proof of stake that is highly flawed. Usechain platform adopts the randomized proof of work which works with less energy and high security; it works based on identity mapping. This RPOW helps in reducing the risk in blockchain technology by building high performance, attack-resistant and hardware-based trusted execution environment. This environment makes consensus algorithm higher than what is seen in conventional blockchain.
Token Information
ICO supply (private & public): 9 billion tokens
Soft cap: 1350 BTC
Hard cap: 4500 BTC
Price/Conversion rate: 1 BTC = 1000000 UST
FOR MORE INFORMATION ON USECHAIN AND THE PROFESSIONAL TEAM VISIT:
Website: https://www.usechain.net/
White Paper: http://www.usechain.net/usechain_en.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=3432061.0
Facebook: https://www.facebook.com/UsechainFoundation/
Twitter: https://twitter.com/usechain
Github: https://github.com/usechain
Reddit: https://www.reddit.com/user/Usechain
LinkedIn: https://www.linkedin.com/company/usechain/
Medium: https://medium.com/usechain
Telegram group: https://t.me/usechaingroup
Telegram channel: https://t.me/usechain
Author's BTT profile:https://bitcointalk.org/index.php?action=profile;u=1199636