Good day guys, Today we are on the course of discussing about an invention by the usechain platform known as the mirror identity protocol. Which has never been in existence. It is the first of its kind, introduced to put an end to the major problems faced on the blockchain network as at now. Also to bring in maximum transparency and viability to the network for the mass market adoption at large. But firstly, lets go through what the Usechain platform is for better understanding.
USECHAIN platform has made a statement as a first of its kind blockchain based platform in bringing in an ecosystem protruding as a mirror identity blockchain in order to skyrocket flexibility, improve transaction verification efficiency, and drastically minimize cost of smart contract deployment, just to know, these are only in brief as we have it that usechain will provide more demanding solutions to crypto-currency. Now, for usechain project to successfully implement this, it will introduce some variety of consensus mechanisms in which one of it, or should i mention that it is the most important of it all, it is called the randomized proof of work (RPOW), it will bring it in so as to maintain high level of resilient security and steadily maintain high level of performance. Usechain implementation will also use diverse level of authentication and encryption process, smart contract which will be of enhanced version will also be present for the betterment of blockchain. Usechain platform has discovered that other projects platform has tried to provide a transaction identity based management, and it has all been in vain, but the platform has the tools and power to successfully bring it to pass. Talking about the mirror identity, i wouldn't want to confuse us on what it entails, so i will briefly state what it means and in details as we move on. Usechain Mirror identity is a feature that offers to compare addresses on a decentralized platform for the use of information gathered in the course of solving the issues of mutual trust. We have it that data of users will be anonymous, as information will not be publicly visible.
**RPOW CONSENSUS ALGORITHM INSIGHT **
RPOW as mentioned earlier is the major consensus algorithm mechanism in building the mirror identity feature, standing as one out of the blocks in the consensus building layers. As briefed earlier, the randomized proof of work consensus algorithm is implemented for the successful presentation in the mining ecosystem, transactions verification with high frequency and low energy consumption rate. We have it that the distributed ledger and decentralization will be combined so that attacks launched on the mechanism will be rendered harmless and thereby giving scale, cost and speed a whole new level of operation altogether. With the successful implementation of the aforementioned, it will be experienced that high resilient security level will no longer be lacked as we have it to be that the algorithm mechanism minimizes the centralization degree of hashing power, reduces double spending attack and probability of fork altogether. We will also experience that the rate at which energy is being consumed will also go minimal thanks to the dependent on hashing power on the network will being minimized and thanks to the tools introduced by usechain.
FULL UNDERSTANDING OF MIRROR IDENTITY PROTOCOL
Mirror identity protocol by the usechain project is known to be a tool offering the advantage to compare addresses on a blockchain platform for collated information so as to get rid of trust issues plaguing the system. Mirror identity that is integrated by the project platform will see to the problems plaguing the preservation of full confidentiality involving personal data and information, so as to offer users rest of mind pertaining their personal information with the knowledge that it cannot be publicly accessed, seen or manipulated.
ADVANTAGES USECHAIN OFFERS OVER OTHERS
Even without mentioning, we can deduce from the aforementioned features to be provided by the project that it has a lot of advantages over others, and given that it is the first of its kind, there are no other projects to compare with it, but the advantages it offers goes as follows. The project offers users the efficiency of transaction verification as mentioned before, so as to increase or maximize the system's viability for a wider adoption by the mass market. However, the identity mirror will also use the rpow algorithm to minimize dependent on smart contract, introduction of flexibility and transparency will also be in place.
CORE TEAM
For the success of this platform,we have a host of experienced individuals who see to the success of the project, they are as follows; HENRY CAO, the CEO and founder of the platform, BAOHONG SUN known as the CSO, SHENGLI ZHANG is the chief scientist of the project and FENG ZHANG as Senior financial advisor. Erik XU is known to be the COO. The image below shows the core team that brought up this great platform introduction.
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