Usechain: The World’s First Mirror Identity Blockchain

Since 2009, blockchain technology and industry has evolved so much that almost all transactions conducted online using the various cryptocurrencies have to be conducted using the technology all thanks to the bitcoin and ethereum blockchian. With the fast pace of the blockchian development and the need for speed and efficiency from users, the demand of various users to have better, more sophisticated and easy-to-use blockchain experience have led to many additions and improvements on these mainstream blockchains.

The available blockchains (Bitcoin and Ethereum for example) have been found wanting on certain levels spanning from security, decentralization of currency to identity and identity verification. These shortfalls and many more are amongst the factors Usechain seeks to address and proffer solution to.

Usechain aims at developing the first ever mirror identity blockchain ecosystem where various levels of innovations and structural architecture can be utilized in development of the blockchain which can be utilized in a wide range of service for various industries and users.

How It Works
Usechain seeks to improve the performance, scalability, identity and the technical barrier associated with already existing cryptocurrency and the blockchain technology by developing, managing and establishing the first ever blockchain ecosystem that satisfies the performance, scalability, user identity/verification and low technical barrier that can be utilized by all users in the online market where the identity of users are required.

It aims at developing new underlying framework of blockchain technology and real identity taking into account the performance, security and reliable architectural systems. All these is targeted towards the future where the Usechain ecosystem will usher the whole blockchain world into blockchain 3.0 because this particular technology will be continually improved upon technology wise as users will have an open, transparent and irreversible experience as well as get value and rewards for the time, assets and attention invested in the ecosystem.

Technology
In order to create the first mirror identity blockchain, Usechain will be addressing the major problems in the blockchain platforms (efficiency and usability) by designing its platform based on already existing blockchain but with the ability to accommodate all the demands for efficiency by users with large-scale transactions at the same time and because Usechain architectural designs covers application services, components, protocols and core framework of underlying blockchain, it is designed to manage applications such as social and commercial applications users seek to employ on the platform.

The design is done in such a way that each level satisfies different application needs, servicing a specified number of such applications while providing fast and secure implementation of various applications and business models for users at affordable prices. The levels are thus divided into:

a. Network layer
b. Data layer
c. Consensus layer
d. Incentive layer and
e. contract layer.

Key innovations in the Usechain platform includes but not limited to:
a. A multi-level authentication mechanism
b. A Randomized Proof of Work (RPOW) consensus mechanism
c. A network sharding technology
d. A identity virtual machine
e. A light node client and
f. An online fault tolerance.

To ensure that users on the platform get the best experience and value for assets, time and other investments, Usechain, having understudied already existing blockchain technologies and seen the flaws therein will develop and upgrade the platform based on security, performance, energy utilization and user interactions and participation.

Usechain Token
The official token of the platform will be the UST which will serve as the currency on the platform and can be issued as rewards to the user community, can be used to perform a wide range of transactions on the platform.
Totaling at twenty billion UST, the 45% of UST is up for grabs, 5% is marked for marketing and partner support, 20% for community rewards, 15% for technical community rewards and 15% for the core team.

Roadmap

The Team
The founder of this project Henry CAO is a Professor of Finance at Cheung Kong Graduate School of Business and also the Head of the Department of Finance. In his effort to improve the finance world, he founded the first Finance MBA program in China. He is the Managing director of China Blockchain Application Research Lab.

For more information, please visit:
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
Authors Bitcointalk username: Greenmane
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2234538