Bitcoin is the first crypto currency that went into mass circulation. The appearance of this format has brought the financial market to the next level.
Internet money launched a new technological era, which led to the emergence of a large number of improvements and bold innovative innovations in this sector. The growth in the number of developers, the attention of large IT corporations, which pour into the development of blockchain structures, a large number of resources, both human and monetary, makes this sector move by leaps and bounds.
Anonymity, the great potential of a decentralized system - these are just a few pluses of nodal structures, which are now called blockchains. However, despite the huge number of advantages, in this area there are a number of problems that hamper the whole process of development and transition of the crypto-currency to the world market.
These problems include:
- Low throughput of nodes and small scale. Unfortunately, the network protocols do not yet allow more than 25 operations per second. A small scalability is due to weak hardware and unprocessed software, which use communication nodes.
- The question of anonymity is no less acute. The developed system as an antipode to bank "gears", which control all finances. Bitcoin has become the currency of the "black market" and due to the fact that it is impossible to track the person who uses it, the growth of criminal use is growing.
- High technological demands. Complex for understanding the mechanics of work in cryptosystem and high demands on computers makes bitcoin an expensive toy for geeks.
Overcoming these three factors will significantly accelerate the development of currency as the main mode of payment. One of the solutions to such problems is the Usecoin system.
Important information about the project
2018 should be a jerk in the development of this sector, as a significant number of start-ups are launched this year. Usechain is a new generation system that uses radical innovations and is presented to the user as a simple, high-performance, friendly and secure decentralized mechanism for working with crypto-currencies and personal information.
It is based on the process of close connection between the Internet purse and the real user. At the same time, only information about this connection is recorded in the network, which leaves the personal data of the owner anonymous and under reliable protection. All transactions of the Internet purse are recorded in the database and are in constant access. Thus, using the algorithm "Know your customer", you can check whether the counterpart is on the sanctions list and whether illegal movements are observed behind him. Thus, the system can perfectly function in the financial sector, providing the necessary information about transactions carried out from the wallet, while keeping the name of the real user safe.
It should be noted and a new look at the speed in the event of failure of one of the nodes. Now, in case of failure of one of the blocks, it freezes. Information from it is available on other sources, and professional technicians are engaged in the restoration of the damaged sector, which in a short time eliminate the malfunction.
Goals and prospects of the project
The goal that stands before the development team is quite extensive and noble - it is the withdrawal of blockchain structures into public use, simplification of the interface and the improvement of security protocols.
Usechain can be a good way to correct the global shortcomings of the system in order to eventually bring the crypto-currencies to the global level and replace most of the banking operations.
Decentralized system of work, high system productivity, reduction of negative environmental load and speed of operation are its main advantages. The main stage of selling the tokens has not been announced yet, but the whitelist is already being formed. The exact date of a full-fledged launch of the system is also not yet announced, but it is known that the platform will be launched in 2018-2019. The launch of this project will mark a new era in the world of crypto-currencies.
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: Honpaulo
My bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2117127