Usechain is solveing existing blockchain problems

chamika (48)in #blockchain • 6 years ago

What is Usechain

Usechain is a unique platform, based on Blockchain technology, which is designed to identify a person's identity and bind this data to different services. These can be purses for storing crypto-currencies, various applications, insurance services and various banking services, and much more.

The project implements the principle of a mirror identification protocol, where development and innovative solutions for the detachment are used. In general, it can be noted that the main idea of the platform is to eliminate the delays at this stage that prevent the implementation of the blockchain and ensure a quality balance between the likely steps for future scaling, as well as in accordance with the principles of security and decentralized management.

Features Usechain

The architecture and all the technological solutions of the platform are aimed at satisfying the requirements of mass application, we will consider some of them:

Multi-level authentication mechanism for users

The essence of the mechanism is to establish a connection between the address of the wallet in the network and the identity of its owner, and only this connection is kept in the locker, so personal data remains in the safe state.

New Consensus - RPOW

RPOW (stands for Randomized Proof of Work or randomized, random PoW) is built on the basis of current consensus algorithms and provides more transactions per second with less power consumption and lower hardware requirements for hardware (For example, it is planned that the "coin" you can even on mobile devices).

As a result, such a consensus provides a high level of network security, high performance and low power consumption.

Network technology of shading

Sharding is rightfully considered to be the next big word in the detachment, he also applies to Usechain. Let me remind you that this technology allows you to go through the confirmation of the transaction only within the fragment to which the address belongs, which significantly increases the speed of the system with virtually no vulnerabilities.

Virtual machine identification

This is a new standard of smart contracts, allowing you to interact with external applications and significantly increase the number of application scenarios on Usechain.

Tolerance for network problems

If one of the nodes has a controversial situation, these blocks are frozen, and their fate will be decided in a special order.

Benefits of the ecosystem Usechain

Like the whole line of perspective blockchain projects Usechain has a number of undeniable advantages:

• The security of the management structure and the reliability of the infrastructure. All security activities will be focused on a single principle of matching the identity of a user or specific tasks. This is one of the priorities of the ecosystem, which will improve the order of identification, combining with security.

• Participation of all members of the community. To manage the ecosystem will be involved all the participants of the platform. Modern technical developments will be implemented, which will help reduce the computing power, the cost of electricity for users.

• Complete independence from energy costs. The problem with energy costs will be solved by new technical capabilities in the ecosystem. Depending on the user's hasht, the possible options for energy costs will be determined, while reducing its cost.

• High performance. Within the framework of the project, additional companies and resources will be connected that will allow increasing the productivity of the developed applications.

Within the framework of the project, during the pre-sale phase, from 16 May to 06 June 2018, special remuneration conditions will be provided for those who will post content in social groups and networks, promoting the project in different languages of the world.

The project team:

Particular attention should be paid to the team of this project. Some of the members of the team:: founder of CEOFinance, co-founder CMOMarketing, senior financial specialist Thousand Talents, more details about the team members below.

Final word

I consider the project rather ambitious in terms of not only saying that it is revolutionizing the system of detachment, but also doing it. The team is very carefully prepared, many of them, as indicated in their profiles, have worked for many years in leading or very good positions in different areas of IT and data analysis. Of course, only time will tell what will come of this project in reality, but now he has shown a lot.

The road map is also quite developed and it is worth paying attention to, when preparing the whitepaper it was clear that the team is highly qualified and understands what is going on and when it should achieve it.

Basic Project Links

Whitepaper: https://www.usechain.net/usechain_en.pdf

Website: http://www.usechain.net/

Weibo: https://weibo.com/usechain

Twitter: https://twitter.com/usechain

Facebook : https://www.facebook.com/UsechainFoundation/

Telegram: https://t.me/usechaingroup

Medium: https://medium.com/usechain/

Bitcointalk: https://bitcointalk.org/index.php? topic = 3432061.0

Reddit: https://www.reddit.com/user/Usechain

Information about the author :

Chamika888