Usechain is currently in development to be the first mirror identity blockchain system. It is a digital version of facial recognition, but instead, it can note the user as well as catch any possible hacker. The technical structure will be made with the cooperation of sectors and businesses to expand their acceptance of the digital revolution that is the blockchain ecosystem. Usechain is next in line of a series of system that seeks to conquer and improve the cryptocurrency market and it has a plan to succeed.
Basic Overview of The Project
Following the success of Bitcoin and Ethereum, innovation to improve the blockchain and cryptocurrency market has been continuously sought, but failed for many reasons. Thus, it has never been recognized to strike with its potential value. Usechain has been developed to fill in the gaps that Bitcoin and Ethereum have not plugged on their platforms. It will be a proper, safe system in which users can have high performance and break out from a bottleneck process, as well as give anonymity and easiness with the technological aspects. Another issue is the complexity of a blockchain and Usechain will simplify it through decentralizing the process to where it is as easy as using a regular bank account.
What They Are Trying To Achieve
Usechain is trying to push for more people to adopt to blockchain technology and cryptocurrency.
However, aware of the shortcomings of cryptocurrency, Usechain is being made to provide the stability and efficiency needed to work, as well as be identity-based and not as technical. They will simplify it for the common user. With its strong infrastructure, Usechain will be a high-performing system that uses multiple applications without overload or risk of fault. It will handle large transactions amongst all major applications on the platform. With Mirror Identity Protocol, a security system to which the user’s privacy is protected and their identity can be verified when using the blockchain, Usechain can successfully balance out the individual security and decentralization of the system that blockchain and cryptocurrency is providing to people.
How They Are Going To Achieve It
Usechain will sell the UST token to those who help take part in building up the community in the blockchain. The sales will be invested in technical research, hardware, operational costs, and marketing. Operation reports will be published every quarter for transparency to keep the consumers’ support and will invite investors for their own recommendations on how Usechain is working. At the very moment, the people behind this new blockchain system has the major capital for commercialization and proper development of major functions. Their UST will be listed on cryptocurrency exchanges and finish the production of the core community, in which there are at least 50,000 members as advertised for the last two years.
Next, Usechain will produce their enhanced smart contacts, the first DApp in the blockchain, and have a target of 100,000 users in the core community. Beyond 2018, they will finish the sub-chain structure and hand out the UST tokens bought previously. Usechain will also expanded their work with more and more insurance, credit, and entertainment businesses to open their accounts with the blockchain to take in more customers. These joint efforts have already been underway and should be finalized by the start of 2019. The number of identity-based DApps will expand, tokenization for the system will be opened, and the decentralized exchange will begin. Usechain will be functional and open to make their mark on cryptocurrency recognition.
Usechain Team
Usechain Advisors
Blockchain is in its infancy and still untrustworthy to many because it has too many questions unanswered and too many issues unresolved. Some countries are looking to the blockchain, namely Bitcoin, has an alternative because they cannot catch up with the developed world and their progressive economics. Because of this degree of separation, many have noticed that, with the rise of digitalization, money will soon make paper and metal currency outdated. So, new blockchain systems have been made to try and jump ahead of Bitcoin and ahead of the game, but almost all have failed from the start.
Usechain recognizes that a successful cryptocurrency market will take in every person from every country, building up countries left behind while also expanding the access for those who lack a bank account in major countries. But here, people’s privacy will be protected and there will be no abuse of value or trade that could endanger others in using this blockchain.
💼Official website: http://www.usechain.net/
whitepaper: http://www.usechain.net/usechain_en.pdf
📲 Social Media & Links:
Facebook : https://www.facebook.com/UsechainFoundation
Twitter：https://twitter.com/usechain
Linkedin：https://www.linkedin.com/
reddit：https://www.reddit.com/user/Usechain/
instagram：https://www.instagram.com/UsechainOfficial/
Author details
Bitcointalk Username :- Cryptopal2
