Though the Internet has been beneficial, it is prone to problems that majorly stem from cyber attacks. We’re registered users of one online platform or the other and have our data on them.
Some of the sites literally guarantee protection and privacy of user data but funny enough, these data are taken from them in an unimaginable way. Our data on online platforms are not entirely secure as scammers and hackers bank upon the centralized database of many online platforms to unleash their malicious acts.
With many financial transactions such as crypto trading going on over the Internet, the potentiality of losing trade and exchange access to hackers is high. These put users’ data at risk and the effect doesn’t end at the loss of data and personal information; it extends to unsolicited and illegal use of same. It is therefore not surprising that calls have been made with respect to finding alternate solutions to this malaise.
The Blockchain Approach
In response to these calls and in the bid for facilitated reduction in cyber crimes targeted online platforms, a decentralized platform called the Blockchain Technology was introduced. Since its inception, this technology had offered immense benefits to multiple platforms.
Backed by its decentralized approach, the Blockchain technology succeeded in diversifying the database of diverse platforms but this seems not to be enough as there are some other inhibitions in the technology.
So there was need for further improvement and this was what gave birth to Usechain.
Introducing Usechain
I’m pleased to introduce the first mirror identity Blockchain. Though the Blockchain technology offers a decentralized approach, it still has its problems. While the Blockchain technology boomed, other projects were being developed and this attracted many investors into the system.
With the integration of many investors and projects into the system, it seems the main aim of the Blockchain technology was literally dropped along the line. Obviously, the technology which was the in-thing here was not longer as efficient as it was meant to be and this was because of the numerous projects that caused many to forget about its concept.
It was for this reason that Usechain was developed. Usechain is another decentralized platform just like the Blockchain technology. Usechain became the first platform to utilize the mirror identification technology.
The integration of this technology was because of issues that arose in many platforms with respect to user authorization and security of user data and its integration on Usechain makes user authorization secure.
Benefits of Usechain
Top on the benefits of using Usechain is its RPOW feature. The Randomized Proof of Work (RPOW) feature allows Usechain users enjoy massive protection of their data and also fast-tracks the performance of the Usechain ecosystem.
As expected, Usechain integrated the Blockchain technology into its platform and this allows for a decentralized approach to the Usechain ecosystem and in extension, the protection of user data.
Usechain’s mirror identification technology prevents malware in the course of user authorization and this is one aspect that will entice its users as they can now save their data with the full backing of reliable protection. As opposed to traditional Blockchains, Usechain allows you to verify your applications in the shortest time.
Algorithms
To facilitate its implementation, Usechain integrated many algorithms. These algorithms in line with Usechain’s user protection, developed multi-level authentication and encryption systems that remove the myriad of problems faced in Blockchain development.
These algorithms are:
• Zero Knowledge Proof
• Identity Virtual Machine (IVM)
Identity Network Sharding (INS)
• Identity Transaction Sharding (ITS)
• Advanced Smart Contract
• Randomized Proof of Work (RPOW)
Where can I use Usechain?
Usechain is available in multi platforms but its major concentration is on the financial sector; precisely on insurance companies, payment channels and financial institutions such as banks.
Usechain’s concentration on the financial sector is because of its vulnerability to data hacking. In another scenario, they (and other businesses) require identity verification that is sometimes hectic. Usechain was developed to minimize the laxity in identity verification and confidentially store user data.
Features
Usechain offers these amazing features:
• Boundary-less Identity Ecosystem
• Privacy-Protected Identity Application
• Top Business School Supported
• Hardware-Based Performance Improvement.
Token Allocation
Token Statistics
Ticker: UST
Token Type: ERC20
Platform: Ethereum (ETH)
Total Token Supply: 20,000,000,000
TEAM
ADVISORS
To find out more about Usechain, Kindly check the links below
Website: https://www.usechain.net
Whitepaper: https://www.usechain.net/usechain_en.pdf
Blog: https://medium.com/@usechain/
Twitter: https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation/
Telegram: https://t.me/usechaingroup
Writer: Collinberg