The exchange of different types of cryptocurrencies has become easier and it does not have any limits as it has been using smart contracts to make the system worth. Ethereum is one of the cryptocurrency elements that prove the effectiveness of crowdfunding for the platform. People are using the blockchain for the ecosystem to adapt their daily lives in support of many transactional scenarios to bring value to the public. Usecahin is the blockchain network making things correct for the people using it. The ecosystem has made the first identity mirror to the blockchain to build the platform with the high quality of resources based on solid technological foundation and commercials even having academic support.
Usechain is a decentralized stage that utilizations blockchain innovation, which ensures greatest insurance when working with the project.Usechain utilizes reflect recognizable proof innovation that makes client approval dependable and secure. The venture utilizes a totally new instrument of agreement randomized proof of work (RPOW)- this gives the stage a high level of assurance and awesome execution.
Individual information will be safely connected to the Internet wallet, which will offer stimulus to the huge scale utilization of blockchain innovation. This will prompt another round of improvement of blockchain innovations. Usechain with its blockchain needs to lessen the cost of DAPP applications and scale their utilization by making DAPP as basic and easy to use as could reasonably be expected. This is important to join the advanced world with the genuine.
The blockchain technology for Usechain uses the system to achieve a genuine commercial value by contributing into the society. This analyzes through the Bitcoin and Ethereum network from various perspectives such as security, performance, risk, resources investment and participation of users.
The system even combines with the technical and competitive advantages for the existing blockchain models and works in a process of most feasible consensus algorithm known as Randomized Proof of Work for the identity mapping exploring a unique solution for blockchain. Being the first mirror identity blockchain system, it lowers the risk and problems brought by the facts for controlling some individuals for the nodes that overflows for anonymous addresses. This may bring the possibility of consensus algorithms of RPOW.
The commercial values and social contribution can maximize while Usecase undergoes through the comprehensive upgrades by following some aspects. This creates some differences for the existing mainstream technology blockchain. The components for maximization system include:
Security: It ensures high-level security based on POW, random algorithm with intellectual property rights to reduce the centralization degree of hashing power. This may resist double-spending attack and it begins with 51% of hash power. This will reduce greatly by the profitability of fork through the assurance of security and impartiality of network to most degree.
Performance: The higher level of performance goes with a random algorithm where every block gives different difficulty for every miner by the adjustments for the distribution of virtual harsh power. This will dramatically increase the efficiency of the transaction by the confirmation based on POW laying the foundation for realizing the consumer use.
Energy Consumption: The system is based on the characteristic of identity mapping through the blockchain network. This will reduce the dependence greatly on hashing power, consumption of computing resources, and energy.
Public Participation: This will secure the efficiency under the precondition of Usecahain with the ability to support mining by the mobile devices for low resources and energy consumption. This will also enable the public of participation in the ecosystem
In the near future, Usechain is going to construct a secure, high performing, attack-resistant, and hardware-based Trusted Execution Environments achieving a high level of consensus algorithms for RPOW. This will enhance the security of the further performance. The hardware adopts the daily life of people that can be applied for the mobile devices through the phones, pad, PDA or from the smartwatches, bands and some other devices too.
Usechain takes multiple steps for adding value identifying the core idea with an aim for building new commercial models of blockchain based on MIP. The system supports the decentralized DApps in the future that includes the financial services. The ecosystem also makes it possible for the values to flow and operate efficiently.
Website : http://www.usechain.net/
Whitepaper : http://www.usechain.net/usechain_en.pdf
Telegram https://t.me/usechaingroup
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1151218
