Abstract
Blockchain technology has added a lot to human life since invention of Bitcoin in 2009. Blockchain technology with the transparency and decentralization has added to how transactions in form of payment , funding and investment are done. The idea of Bitcoin and Ethereum has brought innovation and concept such has decentralized currency and smart contract into the blockchain technology. But there are problems that are still in the blockchain eco-system i.e poor scalability , performance inefficiency and high technical threshold. This is why Usechain the new innovation blockchain solution introduce a platform with brand new consensus mechanism. This platform will make use of many new technologies to create a new generation of blockchain.
INTRODUCTION
Blockchain technology has added a lot to human life since the invention of bitcoin in 2009. Blockchain technology with the transparency and decentralization has added to how transactions in form of payment , funding and investment are done. The idea of Bitcoin and ethereum has brought innovation and concept such has decentralized currency and smart contract into blockchain technology. The society and community have become more secured and autonomous due to the potential of blockchain and cryptocurrencies. But there are problems that are still in the blockchain eco-system i.e poor scalability , performance inefficiency and high technical threshold. And also blockchain has not yet been adopted like internet in most area. Although the community has make tremendous impact in to optimize the technology. In the world today there is still lack of commercial and weak connection with the market. Millions of people all around the world today use crypto currency or blockchain technology daily. So there is need to the market to become bigger than what it use to be. And a lot of things need to be put in place which is not in the already existing market. With the way people are adopting blockchain technology today the world need an ecosystem that can be adopted into their daily life. Such that will bring value to the public and support different transactions at a time. Ethereum is yet to provide a platform for users value exchange which can be adopted by the public apart from token creation and distribution which they made easy for everyone.This is why Usechain the innovation blockchain solution introduce a platform with brand new consensus mechanism. This platform will make use of Randomized Proof of Work (RPW) which is going to perfectly balance high performance and strong security, and it will apply multi level authentication and encryption mechanism, Identity Virtual Machine ( IVM ), Zero Proof, Identity Network Standard ( INS ), Enhanced Smart Contract, Identity Transaction Sharding ( ITS ) and many other new innovative technologies to create a new generation of blockchain.
BENEFIT OF USECHAIN
1. Faster transaction: the transaction of faster and better than what it use to be on already existing platforms.
2. Cheaper: the transaction fee are super cheap and affordable for everyone.
3. Accessibility: everyone from every part of the world have access to the platform
4. Transparency: the platform make use of blockchain technology is it is very easy for someone in any part of the world to check what is happening on the blockchain.
5. Secure: the platform make use of new mechanisms and advance technologies to make sure that all the users will be safe using the platform.
FEATURES
1. Hardware base performance improvement: the team have put everything in place to make Usechain a better blockchain asset with the improvement in the performance improvement of their hardware.
2. Privacy protected identity application: this is a security measure put in place do that all the customers will be safe and all their data and information will be safe due to all the process, innovation and safety conditions that the platform has put in place.
3. Non geographical barrier identity ecosystem: with usechain everyone no matter which part of the world the person is make make use it of the platform.
TEAM
The team is made up of people who believe there is need to have a better payment system. This people understand business, e-commerce, payment and blockchain technology.
CONCLUSION
Conclusively, this is a platform that want to make the blockchain ecosystem better than what it use to be in the past in terms of mass adoption, faster payment and it is concern about how crypto currency can be accepted by the public. The platform will make use of a lot of new technologies to create an outstanding platform that people will be able to make use easily. This project need the support of everyone out there who want crypto currency to become better.
For more information on Usechain, kindly visit this links.
Website: https://www.usechain.net/
Whitepaper: https://www.usechain.net/usechain_en.pdf
Twitter: https://t.me/usechaingroup
Facebook: https://www.facebook.com/UsechainFoundation
Twitter: https://twitter.com/usechain
LinkedIn: https://www.linkedin.com/company/usechain
Instagram: https://www.instagram.com/UsechainOfficial
Reddit: https://www.reddit.com/user/Usechain
GitHub: https://github.com/usechain
Writer: dammy
Bitcointalk Username: dammy1988
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1340111;sa=summary
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