The first point to note is that Usechain blockchain, the self-sovereign identity blockchain, transforms digital identity into trusted identity, a rare or non-existent feature in current blockchains. The platform stands out among other public ICO blockchain platforms as it committed to solving problems associated with the trio of scalability, security and decentralization. Usechain 3.0 blockchain, unlike other existing conventional blockchains like BTC, ETH and EOS, comes with a unique feature that seeks to bridge the gap among the Impossible Trinity of scale, identity and decentralization, and resolve all challenges relating to these three issues.
The Randomized Proof of Work (RPOW) consensus mechanism, based on identity mapping strategy, is a speedy algorithm that helps individual users and enterprises to confirm transaction at high frequency, at high scale, at the speed of light, at low energy consumption rate, and with high accuracy and efficiency. Fantastic!
Here is the difference
Lets us consider the huge differences Usechain brings with its consensus algorithm compared to what current mainstream blockchains offer:
Usechain Unique Identity and Mirror identity Systems
The advantage usechain has set with its new technology is to build a novel blockchain model that is powered by MIP and based on many networks that operate on verifiable credentials, decentralized identity foundation within a world of wide range of heterogeneous networks. Individual investors are able to establish highly available and secure identity networks leveraging on Usechain model algorithm technology. The real identity solution makes Usechain blockchain revolutionary because Identity consensus technology comes with high security package that discourages all forms of fraud, thus making other existing platforms redundant.
The import of that is to infuse decentralized identity into processes like Know Your Customer (KYC) and AML so as to instill more trust in the market, bringing trusted identity into the internet and reducing criminal and fraudulent activities. With a tokenized identity, every business, every person and every asset is mapped to the blockchain.
Besides stepping in to create an association for real-time identity off-chain, Usechain blockchain platform has user-friendly technical mechanisms. It ensures a chain process of strong use and enhancement of smart contract, that allows users to interface directly with existing internet technologies at a very low cost and low risk docking model. The Usechain ecosystem provides a blockchain infrastructure that gives market investors opportunity to verify their transactions efficiently and without hitch.
Usechain Technical Architecture
One major edge of Usechain in its architecture is its capacity to create applications scenarios for mass market for individuals, business and assets. The application framework consists of application components and application protocol. The components are SDK, API, certificate issuance, Data project, Address mapping, while the protocol include identity verification and authentication, user authorization, and Data exchange. Usechain blockchain operates on an enhanced smart contracts in which identity is tokenized by the system and identity virtual machine is created. Within this framework, the data storage node is very light, with innovations that is designed in these layers: network layer, data layer, consensus layer, incentive layer and smart contract layer. Each of these layers allows individuals and enterprises to share and exchange cryptographically-signed credentials with high level of security, proving an owner's identity. Usechain is also built with service applications which users can use to complete identity and address mapping.
The Team
The Team is made up of ingenious minds with robust knowledge on Web development, Blockchain development and infrastructure, and advanced machine learning techniques.
The final takeaways
While Usechain seeks to resolve issues related to trust in the crypto currency market, its Mirror Identity Technology solves the challenge of security, privacy and technical performance in Usechain public chain system. With well over 95% of existing blockchains operating an opaque and anonymous system, Usechain offers a platform that is transparent, unique and revolutionary. Usechain accepts payment method like BTC and ETH, using the latter as ICO platform. The time is now for everyone to think Usechain as the only crypto market platform with trusted and tested word on the table.
To Learn more About Usechain, Kindly Visit the Links Below;
Join the Telegram Group: https://t.me/usechaingroup
Follow on Twitter: https://twitter.com/usechain
Follow on Facebook: https://www.facebook.com/UsechainFoundation/
Follow on Medium: https://medium.com/@usechain/
GitHub: https://github.com/usechain
Website: https://www.usechain.net/
Whitepaper: https://www.usechain.net/usechain_en.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3432061.0
Writer's Bitcointalk Username: Nwankwobtt
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