Blockchain world has witnessed tremendous leaps in the past few years since Bitcoin and Ethereum has been introduced into the platform. Brilliant ideas such as Smart Contracts and Decentralized Currency incorporated into the blockchain technology and industry has further added to the geometric growth and advancement that the industry is recording.
Now, as it stands, the blockchain industry is more autonomous than before and safer to operate in. However, the aforementioned notwithstanding, there are some basic problems confronting the blockchain industry.
Low performance is one of such problems confronting the industry. The key platform of blockchain such as Ethereum and Bitcoin can only handle limited transactions per second and this is a far cry from what’s required and what obtains from other industry in the same niche, for instance, Alipay. The reduced speed accounts for low level of adoption by the people.
Secrecy in the environment of blockchain industry is yet another fundamental problem of the system. This is because existing blockchain accounts are rather anonymous and can’t be traced to any real life source. It is therefore prone to criminal activities such as trafficking of drugs, cyber hacking, laundering of funds amongst others.
Thirdly, it is quite difficult to run and maintain a decentralized platform that will be flexible and quickly in processing inputs on a blockchain application. Building the basic blockchain has some problems that needs expert attention and resource commingling.
In response to the above-identified problems, Usechain is developed as a blockchain platform that provides cryptocurrency exchange service without featuring these problems.
Usechain Solution
Usechain exist as a blockchain platform that seeks to build the maiden edition of mirror identity blockchain community which will better the way blockchain technology is used. The platform seeks to increase the performance by offering a program that handles transaction and promotes a process that is effective, identity-related and with little technical hindrances as it is in the general market.
The platform emphasizes showing a novel consensus system and an arbitrary Proof of Work to balance very fortified security and efficient performance. Usechain plans to make use of multi-level encryption and verification means, Identification virtualization machines, zero proof among others to create a totally different world of blockchain
Open and verifiable Operations
Arising from the innovations in the Usechain system, the behavioral information that is produced by events and people will be open and immutable on the identity-oriented ecosystem.
Advantages of using Usechain Platform
Safe and Dependable Facilities
Usechain is an ecosystem platform that makes use of a safe facilities whose attention is on single identity charting, thereby adapting the application to instances that requires the identity.
Public Participation
Usechain platform supports the participation of all class of people all over the globe. Through the platform, mining tokens is possible by using even mobile accessories as it is capable of using little resources and reduced energy consumption.
Efficient performance with low energy input
Nothing beats the Usechain peculiar identity charting which drastically lowers it’s reliance on harnessing Bitcoins. This makes Usechain a platform that lowers energy consumption and computing resources.
Additionally, Usechain deploy necessary resources of the best qualities to aid the global world in framing its system. Resultantly, this process fuses application platform and top firms.
Usechain Token
The Usechain token, UST is an ERC20 standard type token whose sale commenced on the 6th may and ended on the 16th June, 2018. It supports Bitcoin and Ethereum coins and the total volume in circulation is 20, 000,000,000.
Usechain Token Distribution is as follow
● Volume: 20,000,000,000 UST
● Finite amount of UST created
● Maximum token amount for sale: 45%
● Marketing & Partner Support: 5% (with bounty comprising 6%)
● Community Rewards: 20%
● Technical Community Rewards: 15%
● Core Team: 15%
● Softcap: 1350 BTC
● Hardcap: 4500 BTC
● ETH(Ethereum), BTC(Bitcoin)
Conclusion
By using decentralized applications and smart contracts, Usechain seeks to develop the first set of blockchain platform that will resolve the problems of technical issues, low performance and anonymous environment associated with contemporary blockchain platforms.
Roadmap
The Core Team Behind Usechain Project
Advisors
Investors and Partners
For more information please visit
Official website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Official Telegram: https://t.me/usechaingroup
Authors bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1614757;sa=account