Hello people, today we are talking on a project platform that has come with an innovation that happens to be the first of it's kind by introducing the mirror identity protocol by the aid of a consensus algorithm known as the randomized proof of work. This platform is known as USECHAIN. Lets take a moment to go through what it entails.
The USECHAIN project is a platform built on blockchain, and is the first non-private blockchain platform to be developed on the mirror identity protocol. One of the platform's aim is to utilize different authentication level and encryption process, another aim is the enhancement of smart contract amongst other innovations as it also aim to provide a transaction identity based management which will be of great benefit to all users. By this, usechain will operate on a high level of security and also operate on an improved high level of performance.
The introduction of this project coupled with the integration of the mirror identity will eradicate the oroblem being currently faced on blockchain, briefly we will yake a monmet to go through the plagues the innovation plans to eradicate.
Problems like the lack of transparency and flexibility has been an issue of the past. Lack of resilient Security and problems of network consensus is also plaguing the system. All these are buttressed with the existence of low performance level and scalability. Blockchain technology viability is supposed to be wider as at Now, barring the aforementioned roadblocks.
THE MIRROR IDENTITY PUBLIC BLOCKCHAIN
The mirror identity protocol is one that provides the benefit to compare addresses on a blockchain platform as problem of trust in the system is being resolved so as to use for the information gathered. The preservation of full confidentiality of personal data and information which has always and will always be of great concern to all parties involved is not a problem at all with the introduction of this superb innovation, thereby giving users maximum confidence as they are sure that personal information is not visible to the public. The innovations makes sure anonymousness is present for data. Also the transparency feature will be available for records of transactions completed on the platform.
ADVANTAGES OF MIRROR IDENTITY
The mirror identity network protocol introduced by usechain platform has a lot of advantages that makes it a standout innovation that has never been in existence. Its benefits are summarised as we move on. One of the advantage the introduction of the mirror identity network protocol provides is the efficiency of transaction verification to meet infrastructure requirements of mass market application. Another one is the ability of the identity mirror to drastically reduce deployment of smart contract which has been a long awaited feature. It also provides and increased level of flexibility and also transparency all round. In highlights we can summarized identity mirror network advantages as follows; Presence of maximum transparency, Provision of smart contract cost deployment, High flexibility level, Provision of efficient transaction process.
RANDOMIZED PROOF OF WORK ALGORITHM
The design of the first public mirror identity network is made possible by some mechanism that without it, the system will not be up to standard. One of it is the RPOW consensus. The RPOW consensus is an innovation in the consensus layer of the development known as the RANDOMIZED PROOF OF WORK. The RPOW consensus algorithm is built to achievement of verification of transactions with high frequency on a lower rate of energy consumption and mining friendly environment. The RPOW make it possible to resist attack via the collaboration of distributed ledger and decentralization and simultaneously attaining the scale, cost and speed level needed currently. And below are the factors offered by its innovation; RESILIENT HIGH LEVEL SECURITY as the RPOW mechanism reduces the centralization degree of hashing power, and simultaneously reduces double spending attack and probability of fork. MINIMUM ENERGY CONSUMPTION the dependence on hashing power on the network can be drastically reduced due to the characteristic of the identity protocol. HIGH PERFORMANCE LEVEL by RPOW innovation, efficiency of transaction confirmation will be reduced due miners being given different difficulty to so as to adjust distribution of virtual harsh power. PUBLIC PARTICIPATION given that there is low level of energy consumption and resource, there is a general access to the public to the extent of mining being possible on mobile phones.
** TEAM BEHIND THE USECHAIN PROJECT PLATFORM**
The amazing team behind the success of the first public identity mirror protocol are ; HENRY CAO is the CEO and founder of the platform, as BAOHONG SUN is the CSO, we have SHENGLI ZHANG as the chief scientist of the project and FENG ZHANG as Senior financial advisor. Erik XU is the COO here amongst all other great professionalism team altogether. They are shown in the image below;
For more Info, Kindly visit;
Website: https://www.usechain.net
Whitepaper:https://www.usechain.net/usechain_en.pdf
Medium: https://medium.com/@usechain/
Twitter: https://twitter.com/usechain
Facebook:https://www.facebook.com/UsechainFoundation/
Telegram: https://t.me/usechaingroup
Author: Teepheh
Bitcointalk profile link;https://bitcointalk.org/index.php?action=profile;u=2142272