Introduction
Usechain is a Ethereum-based network that is dedicated to developing an unprecedented mirror identity platform. Based on the present technologies used in building most blockchain networks, usechain is the very first open blockchain that will be built on Mirror Identity Protocol and introduced with multi-stage ideas in technology and structure.
The Usechain platform is built to eliminate the encumbrances impeding the development of blockchain and present facilities of technology for the real and cryptocurrency world in years to come. It will as well birth an identity blockchain system set up on an entirely new technical framework.
Technologies Used By Usechain Platform
Usechain is a blockchain platform that leverages on a first-of-its kind technology that aids in developing more frequently-utilized decentralized applications and provides rudimentary technical assistance for the use of the application in finance, consumption, educational institutions, digital networking, health sectors, clearing and forwarding, and banking.
Usechain platform is designed to optimize the blockchain by allowing users to be paired to the financial services presented by the platform with great ease and of course, instantly.
By ensuring same security level for privacy between the duo of identity blockchain and open public blockchain, Usechain can present facilities that allows decentralized applications that could be utilized in diverse instances by Mirror Identity Protocol and the separation of identity and identity ratification based on zero-knowledge validation.
Again, via multi-stage improvements in technology and structure, Usechain solves the challenge of low throughput, anonymity and high technicalities by incorporating the idea of identity. The platform strikes a perfect mix between scale, safety and decentralization.
Usechain joins with academic institutions and business schools to source relevant resources and as well joins with other set firms from diverse industries to attract many users and fast-track the pace of the growth of Usechain ecosystem.
Mirror identity offers the benefit to juxtapose addresses on a decentralized network for the use of data collected in the procedures of resolving the problems of trust. Here, actors can be at rest about the keeping of full privacy of confidential data and information, implying users will not be able to view personal information in the public. Data like that will be anonymous, and openness will only set in for documenting transactions that happened.
Usechain consumes low energy, maintains a high level of security, ensures public participation and a high level of performance.
How Usechain is Different from Other Blockchain Platforms
When compared with the current mainstream open blockchains such as Bitcoin, Ethereum and EOS, Usechain stands out as it is the very first platform that successfully blends the triad of scalability, safety and decentralization and as well offer innovative ways to build the application instances with regards to the heavy dependence on identity as it is developed on Mirror Identity Protocol.
Usechain features multi-stage rearrangement in the basic layer of blockchain. Usechain emphasizes on enhancing the identity as the core of the central notion and seeks to develop a novel commercial system of blockchain that is built on Mirror Identity Protocol and the multi-stage reorganization in the basic level.
This is planned to surpass the traditional models such as identity data economy and identity trust system. Usechain is designed to work with decentralized applications later on in many financial fields, building a bridge between real and virtual world through the customized identity tokens which enables tokenizing objects, intangible services and even people into tokens.
Usechain features a very efficient and decentralized exchange platform where Usechain allows values in any type to flow and work effectively. It is public, simple to use, easy and presents instant finance service working on a blockchain platform.
Usechain Token
The Usechain token UST is an ERC 20 standard type token which is designed to work in Ethereum. It is used by companies, organizations and individuals who want to access the platform.It can be exchanged with Ethereum and it is equally used to reward nodes that contributes to the development of the Usechain platform.
Core Teams
Advisors
USECHAIN RoadMap
1
2016
Determine identity-based blockchain.
Research on algorithm of identity-based blockchain.
Put forward the concept of identity tokenization.
2
Q1 2017
Determine design principles and objectives.
Compile development plan.
Officially launch the Usechain project.
3
Q3 2017
Design system architecture and basic protocol.
Integrated planning of ecosystem.
4
Q4 2017
Develop underlying public blockchain.
Cooperate with partners to explore application scenarios.
5
Q1 2018
Develop fundamental functions of underlying public blockchain.
Develop address-identity mapping system.
Certification Authentication Center Service.
6
Q2 2018
Develop privacy protection system.
Form core community and achieve 50000+ people.
7
Q3 2018
Develop software-based RPOW consensus algorithm.
Develop enhanced smart contracts.
Develop TPOS consensus algorithm.
Launch beta version of main chain.
Achieve 100000+ people in the community.
Launch the first DApp.
8
Q4 2018
Set up sub-chain structure.
Develop cross sub-chain communication.
Build Usechain eco-fund to accelerate ecosystem development.
Develop multi-industry vertical community.
9
2019
AI system of address behavior analysis.
Develop tokenized multi-node system.
Develop hardware-based RPOW consensus algorithm.
More multi-industry identity-based DApps.
Launch decentralized exchange
Conclusion
Usechain is a blockchain-based platform that makes use of Mirror Identity Protocol to settle the problems of scalability, poor performance and trust and as such eliminating the restrictions on majority of blockchain platforms.
Strong Information about the project:
website: http://www.usechain.net/
usechain.net
Author
Sagacity
My bitcointalk link;
https://bitcointalk.org/index.php?action=profile;u=1256825
0x3daCc0DB082E264264114A5c13C9E995B903Ab59