USECHAIN.. A DECENTRALIZED MIRROR IDENTITY BLOCKCHAIN

in #blockchain6 years ago

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The current Blockchain technology like Bitcoin, Ethereum and EOS have many challenges of which the common among all is scalability issues limiting their adoption in the mainstream economy and production ecosystem, though they are also good technologies and also provides good innovations in the blockchain like decentralized currency and smart contract applications.

There are fundamental features which future blockchain technology must have: Scalability, security and decentralization. Bitcoin which is the blockchain driving force does incredible with security and decentralization however in the areas of scalability has always been an issue with bitcoin as we experience much backlog and delays during bitcoin transactions causing users to pay much transaction fees, Ethereum blockchain is a wonderful technology which possesses all the three features but still having problem with scalability therefore limiting it's ability to enter mainstream economy and to be used by people to do their daily task like transacting using Ethereum without delay therefore limiting the application of Ethereum blockchain. EOS and other cryptocurrencies which are doing very well in the blockchain technology ecosystem has relatively low security, partly decentralized and has not solved scalability issue and a large percentage of people still don't understand their various usecase in the economy only very minute people use them which is not what blockchain technology aims to achieve.

However usechiain was created to take down all these problems stated above in the current blockchain design by:

Using the first mirror identity blockchain system: Usechain is the first public identity blockchain to be built on mirror identity protocol and integrated with multilevel encryption in technology and structure design, which will be used to break the barriers in development process of blockchain, provides infrastructure for next generation virtual world.

Using a complex infrastructure system to beat the current blockchain ecosystem in other to overcome it's inabilties.

building millions of decentralized and globally used Dapps.

Providing a complex layout for application exploration in the financial system, education, utilization, IoT, and so on. providing individuals and organisations to associate with normal budgetary administrations.

The usechain Blockhain ecosystem comprises application protocol, application components and core framework of underlying Blockchain.

Usechain infrastructure and solutions 

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Multilevel authentication mechanism: Utilizing cryptography arrangement, Usechain builds up a multilevel correspondence system between the on-chain address and users identity

RPOW consensus mechanism: RPOW current algorithms are secure, high performance and anti-attack Trusted Execution Environments (TEEs) built by hardware, the Ramdomized Proof Of Work consensus algorithm provides high speed transaction verification with lower energy consumption and a suitable mining environment.

System sharding innovation: With the help of KazaA p2p protocol, Identity Network Sharding(INS) and Identity Transaction Sharding (ITS) designed, network sharding can be easily checked using the account address of the users. The transaction of any address can be confirmed within the sharding which the address belongs to, which eliminates the need for confirmation by network nodes.

Personality Virtual Machine(IVM): The Identity Virtual Machine(IVM) is a new standard for building high frequencysmart contracts that can be characterised with some adaptations.Usechain will build an intermediate communication layer so that IVM can interract with underlying blockchain, external APIs and sub-chain or even be directly programmed based on the intermediate communication layer to make up for the shortage of Ethereum virtual machine and build smart contracts which are efficient in execution, and can interact with external data to help extend the applications

Light Node Client: The adoption of higher-level Merkle Tree BCMT is used to achieve transaction and status verification reduce the amount of data light-node clients need to synchronize and verify the accuracy of transaction or data.

usechain token

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Usechain token is an Ethereum based with acronym UST. UST will be used to deliver financial services to for the usechain ecosystem and development of the platform, usechain can also be used for identity based credit transactions within the ecosystem. UST is an ultility token which will be applied in the various areas to improve its services:

Cryptocurrencies payment

Decentralized financial services

More credible sharing economy

Decentralized insurance

Digital content production.

conclusion

Usechain will change our traditional system of transactions using blockchain technology, also it can be use to improve organisations infrastructure with their secure and scalable ecosystem, furthermore it will be used to effect more efficient and secure IoT application, equity management and decentralized exchanges.

Usechain team comprises a team of blockchain expert and enthusiast which proposes to bring a complete scalable,high encryption and high frequency transaction in the blockchain using mirror identity with well layout plan to achieve their goals.

Find out more about team information and tokensale details in the various links below:

Ticker: UST

token type: ERC20

The aim of the project: $37 200 000 US (4,500 BTC)

tokens total supply: 20 000 000

Available for sale: 45%

Whitelist: Open

Accepted cryptocurrencies: ETH, BTC

Website

WhitePaper

ANN Thread

Twitter

Telegram

TEAM

ROADMAP

AUTHORS BITCOINTALK PROFILE LINK

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin8171.440$-0.61%7.6%
EOSEOS8.206$-1.01%0.88%
ETHEthereum464.596$-0.4%0.01%
INSINS Ecosystem0.497$0.61%-16.7%
LINKChainLink0.336$18.45%61.93%

Blockchain is a great innovation in today's life.And it is forwarded by crypto currency

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