Today,the provision of services to users of the internet has really gone a long way in helping the its users greatly in various areas but several difficulties has served as an hindrance to its good performance such as activities of hackers,and other criminals to carry out their nefarious activities irrespective of these sites on the internet wanting to give its users a good service free from these activities.
This problem posing as a threat to users has also paved way for transactions done not to be safe also as hackers who have found their way into these transactions on the internet like cryptocurrency transactions have been able to gain access to information concerning the transactions hence,creating an unsafe and unsecured environment.This has greatly lowered the standards of the sites who have fallen prey to these criminal activities,and it doesn’t end there,the data which exist on these sites could be personal and important information and can be lost easily or used for the wrong things thereby spoiling the image of its owner.
For instance,a hacker gets access into a users account on a site for doing online cryptocurency transactions and puts it to potential buyers that he wants to sell some cryptocurrencies.If this user is a popular and trusted seller in the site,the hacker can easily win the the trust of these buyers who are ignorant of it being foil to get their money without them actually getting the cryptocurrencies.When these buyers don’t get what they’ve paid for,it can create the false notion that this person is a scam and wouldn’t want to trade with such a person or worse still,with such a site where they got scammed.This can create a big problem for the site and the user.
These crimes being so dangerous has been contemplated on to get solved then leading to blockchain technology as its solution.But this has not been able to fully curb these problems because of some restrictions still lurking in its technology.
This is where the innovation called usechain comes in to bridge the gap where the blockchain lags behind.
What is usechain?
This is actually an innovation which works as a mirror identity blockchain and its aim is to allow information to get to every part of the world safely and securely.Because blockchain has been able to provide a decentralized platform for transactions to be done it has been able to get people to invest in it.But because of the amount of users today, the reason for its creation from the onset of its conception has been neglected because what was supposed to make it function as it was made to do hasn’t met what was required of it and that is the technology it uses.
This is why the usechain was made to be able to
solve the various issues the blockchain technology is facing today which are security,providing risk free environment that performs well to the expectation of the users.Meaning all crimes and vices that paints the original image of the platforms for transactions are also eliminated.
What can usechain assure?
Users who want to use this innovation called the usechain have a lot to gain from it.Like in the aspect of security,usechain has provided a platform with its Randomized Proof of Work(a feature of the usechain) for protection of its users data alongside providing decentralization.
This assurance that the data of users are safe and secured makes it a trusted option for people who want to actually use it.
What makes up this innovation?
With its ability to actually fill the gap of what the blockchain technology lags,usechain needs some unique things to make it do what it does.These are the algorithms which it uses to guard against any form of intrusion from outside sources to tamper with data on its platform.They are:
a.)Identity Transaction Sharding(ITS)
b.)Advanced Smart Contract
c.)Randomized Proof of Work(RPOW)
d.)Identity Virtual Machine(IVM)
e.)No proof of knowledge
Usechain in the outside world?
Usechain can be found in various platforms and sectors in the world today but places its focus on the sector which has to do with finances e.g banking sector.This is due to it being the major area of monetary services thereby making it prone to several criminal activities and because of their inquisition for verification of identities before transactions.
Usechain has been made to reduce these to the bearest minimum.
Token Statistics
Ticker:UST
Token Type:ERC20
Platform:Ethereum(ETH)
Total Token Supply:20,000,000,000