[Very Hot] - What is Usechain - (UST)

mrbean01 (25)in #blockchain • 7 years ago

What is Usechain

Blockchain had a simple beginning as a concept in computer science before it was ever used in cryptocurrency, in the domains of cryptography and data structures. The very starting form of the blockchain was the hash tree, also known as a Merkle tree. This data structure was patented by Ralph Merkle in 1979, and functioned by verifying and handling data between computer systems. In a p2p network of computers, validating data was important to make sure nothing was altered during transfer. It also helped to ensure originality of the data sent. In essence, it is used to maintain and prove the integrity of data being shared. The Merkle tree was used to create a “secured chain of blocks” in the year of 991, a series of data records and each record connected to the one before it and history of the entire chain would contained in the newest record in this chain. And thus, the blockchain was created. Blockchain was conceptualized by Satoshi Nakamoto in 2008 which contain a secure history of data exchanges, utilize a peer-to-peer network to time stamp and verify each exchange, and without a central authority it could be managed autonomously. And this way blockchain what we know today came into existence as well as the world of cryptocurrencies.

Era of Blockchain 1.0 was started with the birth of Bitcoin and Blockchain 2.0 is based on Ethereum. Ethereum becomes a successful platform for crowd funding, but there is lack of value exchange platform that people can adopt in their daily life and there exploration is continue for the solution for blockchain technology with real commercial value. But in the development process of cryptocurrency and blockchain technology there many hindrances, some major issues are like: low performance due to not acceptable in peoples live, due to anonymous environment lack of association with the real identity off-chain it is making a platform for various criminal activities which includes money laundering, drug trafficking, smuggling and illegal fundraising. Another major problem is the hindrance in making mainstream decentralized alienation which can be installed on blockchain platform quickly and flexibly.

Exchange based on decentralized technology and high performance used in this platform will provide possibility for values in any form which can be operated and flow efficiently and accessible to each and every person for easy, convenient and instant finance service provided by Wallstreet on blockchain. The platform will be continuously build by Usechain as first identity mirror blockchain ecosystem and the development and repetition of projects which are commercial in nature in different industries with important commerce and application platforms.

Where it can be used?

There are different scenarios where it can be applied, please have a look on different scenario given below:

· Scenario 1: Cryptocurrency payment

· Scenario 2: Decentralized Financial Services

· Scenario 3: More Credible Sharing Economy

· Scenario 4: More Efficient and Secure IoT Applications

· Scenario 5: Unattended Investment and Equity Management

· Scenario 6: Decentralized Insurance

· Scenario 7: Decentralized Exchanges

· Scenario 8: Tuition Fund

· Scenario 9: Digital Content Production Production And Trading

· Scenario 10: Blockchain games

· Scenario 11: Market Forecast

Usechain (UST) roadmap

The project team

ICO Status

There will be an official token issued by Usechain – UST. It is an ERC20 based token. It will be used for various purposes on the Usechain ecosystem. Total 20,000,000,000 UST will be issued and 45% of them around 9,000,000,000 UCT will be offered for sale. 5% token will be allocated for marketing and partner support, 20% token will be distributed for community reward, 15% tokens will be used for technical community rewards and remaining 15% will be remain kept for core team.