The blockchain technology is characterized by security ,ease of use, anonymity and transparency. This technology has grown exponentially over the years coupled with its association with various sectors of the society including the financial sector, has led to improvement in payment services leading to increase in funds.
Notwithstanding the advantages of the blockchain technology, challenges such as inadequate security leading to hacking, slow transaction speed as the current blockchain can only accommodate about 6 to 7 transactions per second, anonymity which encourages black market operations are limiting investors and the general public from using blockchain.
There is need to develop the blockchain industry in order to overcome these challenges. USECHAIN is a project birthed to proffer solutions to these problems.
USECHAIN ECOSYSTEM
Usechain is a unique platform based on Blockchain technology, designed to identify individuals and bind their data to various services. It will be used in a very large application system where identification is required. The Usechain project is the development of the world's first mirrored blockchain system that improves the use of block technology.
It will also support the use of innovative technologies such as a new consensus algorithm to move the blockchain industry forward. The aim of the to improve the performance of the blockchain by providing effective transaction management based on the identification system in a single ecosystem. Usechain is unique with its excellent performance, high-level security and strong technology.
Usechain utilizes a mirror identity protocol merged with high-level innovations in structure design and technology to eliminate the shortcomings in the developed phase of the blockchain technology providing a balance between scalability, security, and decentralization.
Usechain has good connections with the leading business schools and will actively cooperate to create applications based on identifiers. This is necessary in order for the ecosystem of the blockchain to have the most advanced technologies, the largest user community and a multifunctional application. Usechain establishes the first ecosystem that will be convenient to use, constantly improved and can be applied to the mass market.
The implementation of high performance, increased security and low energy consumption in the Usechain ecosystem will get the interest of the public as they are more certain that they are getting quality service and funds not mismanaged. Energy consumption rate is reduced tremendously as transactions occur faster thereby reducing the exhaustion of computing resources while reducing hashing power.
The platform develops a multi-level encryption and authentication system using innovative algorithms: Randomized Proof of Work, Zero-knowledge Proof, Identity Virtual Machine, Identity Transaction Sharding (ITS), Identity Network Sharding (INS), smart contracts and other technologies that will be in The blockchain 3.0.
USECHAIN TOKEN(UST)
The token of this platform is UST which is a utility token built on the basis of Etherum using the ERC-20 protocol. It was created as a means of payment on the platform and also to reward technological innovation.
Token-UST
PreICO Price-1 ETH = 100,000 UST
Price -1ETH = 75,000 UST
Accepting-ETH BTC
Soft cap-1,350 BTC
Hard cap-4,500 BTC
TEAM
The developers of this awesome project took their time to present their unique idea. The Usechain team plans to create its decentralized exchange for convenient use, saving time for resources. The team behind Usechain platform consists of 10 managers and 6 consultants with massive experience in finance, marketing, information technology, stock investment and other related projects.
CONCLUSION
Usechain is being full modernized to be user friendly and have commercial value in the community. Probably in the future, Usechain will be used on mobile devices, such as: a smart watch, a mobile phone, a PDA, a tablet and others.
Relevant Links
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3432061.0
Telegram:https://t.me/usechaingroup
Twitter: https://twitter.com/usechain
Authors Information
https://bitcointalk.org/index.php?action=profile;u=2231370
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