INTRODUCTION:
The identification Blockchain project, Usechain is the first Blockchain Ecosystem to procure autonomous sovereignty identification for entities and establishments. Usechain intends to adhere inventive technologies with blockchain identities to shape a public Blockchain ecosystem based on real identity, inscribing the problem of mistrust due to invisibility in ongoing Blockchain projects, while preserving safe security. Usechain was established on mirror identity protocol combined with high level modifications in structural designs and technology to eradicate the setbacks in the process of evolving blockchain and bringing a splendid balance amid scale, security, and decentralization. Usechain targets to invent a more pellucid Blockchain made on actual identities.
Usechain aims to resolve the trust issues in the current economy, The Mirror Identity Technology annihilates the predicament of privacy and technical performance a reference by Usechain CEO and Cheung Kong alumni School of Business, Professor Huining Cao. Usechain is a Singapore based company determined to establish a narcistic independent identity Blockchain community second to the well known Bitcoin and Ethereum Blockchains. Usechain grasps many productive technologies such as RPOW which means Randomized Proof of Work, a multi tiered shared network, integration with government identification, and a social network based credit making, lending, securitizing system on which many reality applications may be built. Credible applications Includes finance, IOT, supply chain, social network, and games.
Usechain Innovative Blockchain Solutions is introducing a brand new consensus mechanism, Randomized Proof of Work to completely balance high performance and strong security, and apply multi level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to establish a new breeding of Blockchain, leading Blockchain 3.0.
The Randomized Proof of Work (RPOW) attribute grants Usechain users the ability to enjoy enormous protection of their data and also top speed performance of the Usechain ecosystem.
A number of new protocols and algorithms have been introduced into the system:
- Multi level system of user authentication.
- Allows the users personal data to be kept safe, showing only traces of activity in the blockchain structure.
- The bypass authentication system acts as an optimizer and an accelerator for the log-in process.
- Sharding also rectifies performance and diminishes the time to approve the transaction, thanks to the ability to request approval only from the sector in which the address is registered, and not from the entire network.
UseChain is going to resolve the outstanding services that needs verification and secure identity. Financial services, digital payments, IoT, internet games, sharing economies, and also the build up of a Decentralized Exchange are a few of the projection of UseChain and believes that their advanced blockchain technology will make a huge impact. Entities or institutions can partake in the ecosystem by investing asset, time, attention etc. to create value and they will consequently be rewarded in the ecosystem which gives back value to the original users. This eradicates third party and monopoly.
In comparison with current predominant public blockchains like BTC, ETH and EOS, Usechain resolves the Impossible Trinity among scale, security and decentralization and also provides a new way to design the application schemes based on substantial use of identity since it is made on MIP and receives multi level reorganizations in concealed level of blockchain.
The Usechain token (UST)
UST token will be the official token of the Usechain platform, Which will br used to completely reward community builders and advocates, supporting the expansion of the ecosystem and allow all contributors to make competent use of the decentralised applications. The UST token is ERC 20 based token. This is to allow all partakers to take part in community erection and the participation in top-notch spectrum of members from Ethereum communities can be accepted. Deliberately as Usechain continues to widen, the ERC20 BASED UST tokens will be replaced by usechain UST coins when main net goes live to protect the interests of all members.
Total supply: 20,000,000,000 UST
Soft cap: 1350 BTC
Hard cap:4500 BTC
Trading pairs: Ethereum and Bitcoin
CONCLUSION
Usechain is really an interesting project to invest in. After numerous research on the Usechain project, I can boldly say usechain is awesome and they have a great future and also they are trust worthy. They are committed to hiring experts in blockchain development and their main focus is on marketing ,they have numerous big time investors and they are also smart in case of unforeseen risks.
USEFUL LINKS:
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Users can get more information from the website below. We also have the link to download their whitepaper below.
• Website: https://www.usechain.net/
• White Paper: http://www.usechain.net/usechain_en.pdf
• Technical White Paper: http://www.usechain.net/usechain_tech_cn.pdf
The following provides the link to their social media sites:
• Twitter： https://twitter.com/usechain
• Linkedin: https://www.linkedin.com/company/usechain/
• Facebook： https://www.facebook.com/UsechainFoundation/
• Medium: https://medium.com/usechain
• Reddit： https://www.reddit.com/user/Usechain
• Github: https://github.com/usechain
• Telegram group: https://t.me/usechaingroup
• Telegram channel: https://t.me/usechain
Writer's bitcointalk username : Elvisdika1
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1774566