The blockchain technology has advanced in a great way since the advent of the blockchain industry.
The two most prominent blockchain technologies, Bitcoin and Ethereum have paved the way for great ideas, and contrivances such as smart contracts as well as decentralization into the blockchain world.
Despite this contributions, there are still a lot of setbacks impeding the efficiency of the blockchain industry. Due to the limitations such as poor performance, inability to enlarge the industry has restricted the technology (blockchain) to be used only in the trading and exchange of crypto-currency.
Regardless of the efforts of multiple platforms to improve the blockchain technology, the system (blockchain industry) is yet to be widely accepted and recognized worldwide.
THE USECHAIN TARGET
The usechain program or strategy will be directed to solving the numerous problems faced in the blockchain industry today.
#Usechain will create a mirror identity technology based on a blockchain ecosystem. This strategy is meant to facilitate the productiveness of the blockchain operations and technology in order to better suit the mass use thereby leading to the acceptance and recognition of the blockchain industry and technology all over the world.
The usechain system will be designed with the capability to undertake and manage huge or large scale transactions from a great number of users with efficiency.
Usechain plans to leverage the use of cryptography to create a congruity mechanism which is between the user's identity and the system's address in order to affirm the connection without revealing other personal pieces of information.
THE USECHAIN RANDOMIZED PROOF OF WORK (RPOW) CONSENSUS
The RPOW conception postulated by the usechain is to facilitate an improved algorithm than the present protected and high-performance ambient or environment today.
The usechain RPOW consensus algorithm is meant to efficiently manage the confirmation of large scale transactions by a great number of users with ease thereby enhancing a better performance. It plans to resist attacks and communicate by joining decentralization and distributed ledger.
The usechain RPOW consensus algorithm presents a more speedy operation, at an even lower rate encompassing a great number of users at the same time.
This here is a better solution, when analyzed and compared with various RPOW's that, is flawed with inefficiencies such as insecurity, poor performance, time and energy consumption, inability to manage transactions and piles of many more.
But the usechain RPOW gives a lasting solution to all these problems.
THE USECHAIN IDENTITY VIRTUAL MACHINE
The usechain proposes a method to create effective smart contracts. This is called the Identity Virtual Machine (IVM). It will serve as an intermediary between the blockchain system and the users.
The Identity virtual machine (IVM) will set up smart contracts, interact with extrinsic data, doing all this with a great level of efficiency which will drive users to participate in the blockchain industry.
Through the use of better methods and technologies, the usechain plans to aid the users by reducing the time and resources they (the users) spend on confirming transactions.
They plan to achieve this by making the confirmation processes faster, easier and more convenient.
Usechain will provide solutions to the numerous problems which has resulted in the inefficiency of the blockchain industry.
They plan to combine the strengths of different blockchain models to put up the powerful and beneficial Randomized Proof Of Work (RPOW) to create a more efficient solution in the blockchain industry.
This system (usechain) plans to use the proof of work (POW) to maintain high-security level, a better and an effective performance as well as mass acceptance and participation with ease.
USECHAIN HAS A MORE DEVELOPED STRUCTURE
The usechain blockchain model will be created in a way that enables the users to participate in identity confirmation as well as address mapping with ease by the use of the verification technology which other blockchain models struggle with.
One of the most unique things about the usechain system is that it supports application participants where individuals can apply for identity confirmation for others.
The usechain system will widely support technology participation in the identity confirmation, this enhances wider participation.
The usechain sharding technology will facilitate transaction verification in a shorter time by utilizing the P2P (peer to peer) protocol, identity network sharding (INS) and Identity transaction Strategy(ITS).
Watch Usechain Official Video with Founder/CEO, Professor Cao
The Team
Advisors
Roadmap
Token Info
| Token | UST |
|---|---|
| PreICO | Price 1 ETH = 100,000 UST |
| Price | 1 ETH = 75,000 UST |
| Platform | Ethereum |
| Accepting | ETH, BTC |
| Soft cap | 1,350 BTC |
| Hard cap | 4,500 BTC |
Usechain is a blockchain model meant to bring advancement in the blockchain industry...
Through usechain, varieties if problems faced in the blockchain industry will be solved.
Links
Website | Twitter | Facebook | Telegram | Medium | Reddit | Bitcointalk | Whitepaper
| AUTHOR |  |
|---|---|
| Bitcointalk Username | Cosmicart |
| Bitcointalk Link | https://bitcointalk.org/index.php?action=profile;u=1633177 |