USECHAIN - TECHNICAL ANALYSIS

Usechain is a Singapore based firm committed to getting self-sovereign identity Block local community substitute to the very famous BTC and ETH Blockchains. Use chain incorporates a lot of impressive ecosystems these as Randomized Proof of Do the job a multi tried sharded system, connection with federal GOVTs IDs, and Social Media based mostly credit rating making, securitizing, lending plan on which lot serious, the regular living application might well be designed. Opportunity purpose includes IOT, Finance, Social Community, Supply chain and Internet Games. Usechain is committed to developing the first mirror identity blockchain ecosystem by shaping itself into a worldwide platform with a rich variety of application scenarios, the largest communities and the most advanced technologies. Usechian empowers identity and makes everyone on-chain with a very low barrier. Individuals can participate in the ecosystem by investing time, attention, asset, etc. to create value. Subsequently, participants will be rewarded fairly in the ecosystem, allowing value to be given back to the original users, thus eliminating monopoly and third-party giants in the current society.

The Usechain platform is designed in such a way that has made it possible for the platform to improve what is currently available. With this design, the platform combines elements of centralization and decentralization in its unique identity verification method thereby promoting a decentralized, resource sharing and self-developing ecosystem.

The Usechain Platform Framework

There are two major components that made up the Usechain architecture, which are the base chain and the upper-level applications.

The base chain

The base chain is designed to counter the plethora of problems that are currently plaguing the blockchain technology, such as the waste of resources associated with coin mining, the slow speed of transactions, the low capacity of network transactions, the large volume of data that are synced and so on. The usechain platform will address all these by introducing four innovations; namely Consensus Mechanism, Network sharding, the Blockchain virtual Machine and Light Clients.
The Consensus Mechanism help to improve the Proof of Work (POW) and Proof of Stake (POS) by introducing the Randomized Proof of Work (RPOW) and Randomized Proof of Stake (RPOS), thereby randomly producing the next block packager which will help improve the platform’s generation speed.
Additionally, the Usechain platform is introducing a series of subchains from the main chain of individual users that will conduct different applications according to the specifications depending on the needs of the individual users. This is geared towards resolving network jams and providing support for large-scale transactions on the platform.
Network sharding was introduced into the usechain platform to help confirm transactions. Network sharing ensures that transactions emanating from any user account address will only be confirmed by the nodes in shard it belongs to, thereby increasing transaction confirmation.
The blockchain virtual machine environment, as a result of the effect of network sharding and the new consensus algorithm, is improved by enhancing the computational performance, optimizing memory allocation module as well as supporting subchains activities and external API interfaces.
The light nodes are incorporated into the platform to help lower data syncing and to increase the accuracy at which data and transactions are verified.

The Upper-Level Blockchain Application

The upper-level blockchain application is applications which are designed to help satisfy the specific needs of the usechain platform users. It can be classified several layers are explained below:
The Network layer is incorporated into the platform to strength network capacity and increase transaction speed by the introduction of the KaZaA P2P Protocol, the Identity Network Sharding (INS) and the Identity Transmission Sharding (ITS).
The Data Layer is incorporated to help further validate all address in the network using Merkel Tree.
Consensus Layer is incorporated to help enhance the overall efficiency of the whole platform by introducing innovations such as the Randomized Proof of Work (RPOW), the Randomized Proof of Stake (RPOS), the Delegated Proof of Stake (DPOS), Random Appointment Strategy (RAS) and the Proof of Hardware (POH).
Incentive Layer is incorporated to help balance the mining gains and the network transaction fees and reward those nodes that helped in keeping the network ledger.
Smart Contract Layer is incorporated to help improve the efficiency of the platform by enhancing the calculative performance of the platform.
Application Layer is incorporated to help support all kinds of an application within the usechain platform.
One technical aspect of the usechain platform worthy of mention is the identity verification and Consensus algorithm technicality of the platform.
The identity verification ensures that all platform users have a unique address whenever users generate their wallets. There can only be one main address for every user but there is no limit to the number of subaddress users can create depending on their requirement and need. This identity verification is important as it helps to ensure the legality of all transactions on the platform.
Consensus algorithm, on the other hand, helps to ensure the consistency on the usechain platform and maintain the integrity of the platform.
So, from the above technical explanation and breakdown of the usechain platform, it is sure that the promoters and developers of this unique platform did their research well to guarantee the safety of all transactions within the network and as well as the privacy of all users.

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