Activities of blockchain has tremendously increased over the years coupled with the use of bitcoin and ethereum have brought about increase in peer-peer activites using blockchain which has created an increase in the smart contract system in blockchain that has enhanced security and also increased activities using the blockchain system. yet, there are still a lot that needs to be done in the aspect of improving in their scalability and performance pattern.
Introducing a technology that solves most of these problems
A new technology must be actively put in place and with the introduction of Usechain comes with some pattern that will decrease various issues of scalability and also the performance ratio in the aspect of the introduction of a random proof of work consensus algorithm RPOW that enables the achievement of increased and legal transaction activities using a minute amount of energy which makes mining activities to be exhibited smoothly. The throughput of RPoW is very fast and effective compared to PoW which has a relatively slow throughput. RPoW runs a decentralized system when using Usechain and this decrease the activities of third parties in transactions activities. in the past, data silos are used to boost the identity of users but the cost of maintaining these silos is very high.
THE FRAME WORKING SYSTEM OF USECHAIN
Usechain has on ground different design architecture in terms of:
The design of a mirror identity blockchain: that increases the activities of smart contract and fosters the activities of legal transactions using the usechain ecosystem. Mirror identity blockchain which limits the activities of middlemen and also boost peer-peer activities and in a long run will increase the activities of a decentralized system.
The creation of a secured and a reliable intermediate communication layer: this innovation will be impregnated with the identity virtual machine (IVM), which help in the easy flow of activities between the sub chains that will enhsnce the system of direct programming.
The distinguishing factor between usechain and other network systems
There are a thousand network platforms on the blockchain system but for clarity purpose sharding will be used as a case study. The similarities between sharding and UseChain technology is that:
Both sharding and usechain have a targeted goal in reducing the activities of scalability to the minimum and usechain achieves this by using a mirror identity network.
Both usechain and sharding are both DApp applications that contribute in the solving of various transactions problem encountered using the blockchain system.
The Introduction of the RPoW system by usechain contributes to the increase in transaction throughput so also sharding.
The pros and cons of identity using blockchain technology
Identity system in blockchain is a very vital aspect must blockchain technology does not use this system because it causes insecurity of various users in the platform.in the past data silos are unsed to boost the identity of users but the cost of maintaining these silos is very high. But usechain coming in to bridge the gap by using a DApp that enables use of identity because of its application in the MIP
Further in solving the problems of identity, usechain gives various individuals to endorse others based on their instinct on their credibility and this enables them to be verified using the system based on the choices of users in the ecosystem.
The leadership and capacity of usechain professional team that makes the success of usechain a reality
The distinguished team of usechain is enriched with able and veterans personnels that have excelled in the field of both internet and online transactions. Starting with the founder Henry CAO who is very sound in the aspect of finance and also held many positions in various finance platforms and also has a vast idea about blockchain makes usechain a credible and realiable technology to invest on and its co-founder Baohong SUN has sound knowledge in the aspect of marketing contributes also to relevant strategies that can foster the growth of usechain.
ICO Usechain
Token Token: UST
Type of the token: ERC20
Price of the Token: 1 UST = 0.0063 USD (0.00001267 ETH)
Hard-cap: 33,500,000 USD (4,500 BTC)
The next round whitelist will reopen at 7AM UTC, June 20,next will be the kyc and crowdsale
Price will be 1BTC=1000000UST,lock until exchange at mid July,cap is 1-5ETH
Conclusion
Usechain major goal is to achieve maximum transaction efficiency using the platform with its first mirror identity and also reduce the various issues that are derived from scalabity. Using the identity virtual machine (IVM), contributes in the easy flow of activities between the sub chains that will enhance the system of direct programming. With the use of its technology known as RPOW the issues of identity problems will be reduced giving to the fact that systems are being put in place that gives users the liberty to select or verify the activities of the users using the platform in case of any future transactions.
For more information , kindly follow these links;
Website：https://www.usechain.net/
White Paper: http://www.usechain.net/usechain_en.pdf
Technical White Paper: http://www.usechain.net/usechain_tech_cn.pdf
Facebook：https://www.facebook.com/UsechainFoundation/
Twitter：https://twitter.com/usechain
Github: https://github.com/usechain
Reddit：https://www.reddit.com/user/Usechain
Linkdin: https://www.linkedin.com/company/usechain/
Medium: https://medium.com/usechain
Telegram group: https://t.me/usechaingroup
Telegram channel: https://t.me/usechain
My Bitcointalk Username: Ryankatty
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2191205
