The main reason for the creation of this project was to remove the existing delays in the development process of the blockchain technology and provide the much-needed balance between scalability, decentralization, and security.
USECHAIN TECHNOLOGY
Since the ecosystem of block-projects is growing rapidly and is predicted to combine thousands of applications in future, it is only necessary that a reliable system of verification and identification be created for safe operation in networks. The Usechain platform is based on a mirror identity protocol, which is integrated with high-level innovations within a distinct structure using unconventional technologies. The mirror identification technology also helps in the prevention of for malware, facilitation of users’ authorization and for verifying applications.
Usechain will also deploy a special algorithm ‘Randomized Proof of Work (RPOW)’ to achieve its set goal. RPOW is the central channel for protecting users’ data and improved performance of its ecosystem. RPOW is based on POW and user identity recognition mechanism that ensures that algorithm is randomly allocated, by implication, all miners will have different mining difficulties at different times.
MAIN POINT OF USAGE
You may want to ask in what platforms exactly Usechain will be utilized. Well, Usechain will be utilized in numerous platforms likewise other blockchains. Regardless, it is highly interested in the financial industry and aims at positioning payment channels, companies, and other financial institutions for greater heights.
The Usechain blockchain explicitly targets the financial industry because the industry has recently faced multiple cyber-attacks in recent years. With Usechain, there is a guaranteed speed up in the process of user identity verification, improved user data storage and to resolve any other negligence or challenges in the blockchain technology.
WHAT MAKES USECHAIN STAND OUT FROM OTHER BLOCKCHAINS?
IDENTITY & PRIVACY: The platform makes use of secure infrastructure while placing its focus on sole identity mapping thereby improving its application to scenarios that needs an identity. Usechain is creating the first-ever blockchain which integrates KYC/AML in every user's wallet address, in essence, a users address on-chain is automatically linked to the users' identity off-chain making it very difficult commit any crimes anonymously. This would increase users security as well as reduce the constantly emerging cases of theft in existing blockchains.
ANYONE CAN MINE; The platform supports the participation of everyone worldwide. Usechain supports mining with mobile devices because Usechain consumes low energy as well as low resources.
USECHAIN OFFERS HIGH SCALABILITY; Through the platform’s characteristic of identity mapping, it can reduce its dependency on the hashing power of the Bitcoin and thus be able to reduce consumption of energy and computing resources. The Usechain Blockchain would handle Thousands of TPS, support billions of users and can enable Millions of DApps to be built and it.
USECHAIN BLOCKCHAIN FOR IS EVERYONE; The platform inputs resources of the highest quality to assist the global community to develop its ecosystem. This, in turn, unites application platforms and leading companies. This would, in turn, lead the blockchain technology to a wider adoption.
USECHAIN PARTNERSHIPS AS A COMPETITIVE ADVANTAGE
Besides the fact that Usechain is backed with the team of real blockchain professionals, enthusiasts, experts and professors at top universities, business schools and blockchain research institutes, financial specialists in top asset management firms, this project has signed a dozen of huge agreements with such well-known investment institutions in the world such as:
A) JRR Crypto - investment announcement link - https://medium.com/usechain/jrr-capital-investment-announcement-a59307865a1e.
B) Grand Shores Capital - https://medium.com/usechain/grand-shores-capital-investment-announcement-44e47604133d
C) NewDo Venture - a venture capital fund committed to delivering top-tier financial returns by supporting the world’s best entrepreneurs in becoming conscious leaders and building companies that create value for all stakeholders.
D) Milestone Capital Management Limited - a venture capital and private equity firm specializing in expansion and acquisition investments. It typically invests between $10 million and $100 million, says bloomberg.com - https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=37503928
E) LD Capital, Ausvic CAPITAL LTD, and others.
CONCLUSION
Having explained in details all you should know about the Usechain project, it will only be wise as a blockchain enthusiast to get on board this project as soon as you can because of the benefits that lie in wait for users. Also, In cooperation with such giants of the cryptocurrency investment industry, Usechain will be able to provide more quality resources to support products technical development and to provide a more confident approach in making further researches in blockchain technologies.
It should also be noted that the Usechain presale is currently on at the price of 1eth=100,000 UST and will soon be followed by the public sale which will be priced at 1eth=75,000UST.
For more information or if you would like to contact the team, below are some useful links.
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Facebook: https://www.facebook.com/UsechainFoundation
Twitter: https://twitter.com/usechain
Telegram: https://t.me/usechaingroup
Authors Information
Steemit Username: e4ourma
Bitcointalk Username: Johnyjay
Bitcointalk Profile; https://bitcointalk.org/index.php?action=profile;u=1819701