Blockchain technology has grown exponentially over the course of time as its association with various sectors of the society such as banking has been proven successful and has led to improvement in payment services offered by various bodies which in turn leads to generation of funds.
However challenges such as inadequate security that leads to hacking, slow transaction speed as the current blockchain can only accommodate about 6 to 7 transactions per second, anonymity which encourages black market operations discourage investors and the general public from using blockchain.
Various platforms such as that boasts of transaction speed, security and overall moving forward of blockchain industry have been unable to erase these challenges due to technical barriers in their technological architecture and lack of skillful developers, all of which makes blockchain stagnant.
The importance of developing the blockchain industry to overcome this challenges cannot be overemphasized as that’s the only true way it can realize its full potential and hence the birth of USECHAIN which will take blockchain to the next level.
What is USECHAIN?
This is a decentralized blockchain based platform that is integrated with mirror identity feature and advanced consensus algorithm to make transactions faster, more secure and improve scalability. By combining the mirror identity protocol with a high-level innovations in structure design and technology, the platform Usechain came into reality. It was built specifically to eliminate the delays that occurs when developing blockchain and create a balance between the three essential features of scalability, security, and decentralization.
The combination of the new consensus mechanism and a randomized proof of work will work out vervwell to balance perfectly strong security and high performance.
Some of the tools that will aid the smooth transition of the project is that, the Usechain will make a multi-level encryption and authentication methods, Identity virtual machine, zero proof, enhanced smart contract as well as other innovative technologies.
Once the platform is fully functional, the general blockchain ecosystem will improve on the ecosystem.
Advantages of using the USECHAIN platform?
Usechain makes available diverse advantages to all members of this platform and they are:
Provides increase in performance and speed thatwill make transactions faster and less cumbersome for users thereby making the use of the platform enjoyable for them.
Anonymity is removed through the mirror identity which in turn makes the platform safe for users as scams in form of money laundering, black market trading etc will be eliminated and only projects that will be profitable to the users are encouraged
Users enjoy high level of security as all transactions performed on the platform as the platform is decentralized thereby reducing incidences of cyber threats.
Users will be able to enjoy advanced features and components they desire as technical barriers have been lifted by the platform.
UST is the official token for this platform that is backed by the Ethereum blockchain and is to be used for the payment of services rendered by the platform as well as for giving out rewards to all members that play supportive roles in the development of the platform.
ICO Information
The total number of UST tokens generated by this platform is 20,000,000,000 UST which will be shared into various sectors in percentages.
45% of the UST to be sold so as to be able to cover all costs acquired in the creation and advertisement of this platform
5% will be allocated to partners that are dedicated to improving the platform.
20% of the token will be used for community rewards i.e. as a method of giving back to the members of the platform as a reward for developing the platform.
15% of the token will be allocated to technical support as a means of encouraging technological advancement of the platform.
The remaining 15% of the UST will be given to the core team members that have been proven to work hard in ensuring the progress of this platform and will only be distributed once in 12 months.
Ticker: UST
Token type: ERC20
ICO Token Price: 1 UST = 0.0061 USD (0.00001267 ETH)
Fundraising Goal: 30,000,000 USD
Total Tokens: 20,000,000,000
Available for Token Sale: 45%
Whitelist: YES (SINCE 20 JUN, JOIN )
Know Your Customer (KYC): YES (SINCE 20 JUN, PASS )
Accepts: ETH, BTC
In conclusion, the Usechain platform will be a pace setter for the blockchain industry as all the major challenges that reduces its credibility is eliminated thereby stepping the industry forward into Blockchain 3.0.
The team is great on all sides. They have the opportunity of working with some of the best brains with good backgrounds in thr cryptocurrency community. Henry CAO, is the founder and the CEO of the Usechain project. More indept review into the members of the team, their aread of experience, their past records and present commitments are available on the Usechain homepage.
Stay updated on the platform by visiting any of the links:
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3432061.0
Telegram:https://t.me/usechaingroup
Twitter: https://twitter.com/usechain
Authors Information