The Usechain Blockchain

in #blockchain6 years ago

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Usechain 's consensus algorithm:

The sharing Consensus algorithm comprises of two layers , which are the upper consensus node runs a main chain.
The main consensus node receives the sharding transactions collected
from the sharding consensus nodes and then processes the transactions of the consensus nodes. The sharding consensus node handles the transactions within the shard on its own..... this makes it possible for the number of shards to increase proportionally to the number of transactions. It means then that with the usechain sharding consensus algorithm, more transactions can be processed compared with the 7- 25 transaction per second of the present blockchain.

Random Proof of Work(RPOW) consensus algorithm, which will greatly improve on efficiency and security, and the scalability challenges.

The RPOW consensus algorithm will make it possible for improved smart contract structure by increasing its flexibility and usability , so that it would be easy to build and integrate decentralized applications on the existing blockchain as compared with the present blockchain that does not allow that. With the random proof of work consensus algorithm, power will not be concentrated in few hands in the mining space .

The RPOW will improve the transaction confirmation time.

Reduce the energy consumption .
Its not prone to attack.....which means its capable of balancing the attack of the 51% hash power and reduce significantly the prevalent of fork and the centralization degree of hashing power. This will enhance security.

Usechain is a stage that goes for building up the principal ever reflect personality blockchain environment that enhances the utilization and usage of blockchain innovation. The stage goes for enhancing execution by giving an exchange administration and bolster process that is proficient, character based, and with low specialized hindrances material in the mass market.
The stage centers around presenting another accord instrument and a randomized proof of work to adjust consummately solid security and superior. Keeping in mind the end goal to bring another age of blockchain, Usechain will utilize multi-level encryption and confirmation strategies, Identity virtual machine, zero proof, improved keen contract and in addition other inventive innovations.

FEATURES OF USECHAIN
The accompanying are one of a kind highlights of the stage:

**A new fundamental structure of blockchain innovation and genuine personality.

**The stage has the protected, high
execution and reliable framework and it can transmit esteem.

**The stage depends on a strong mechanical establishment, secure framework and spotlights on strong character mapping.
**The Usechain could be connected to an expansive number of uses that requires personality mapping.

**Taking the upper hand from famous business colleges and focused field, the stage can keep putting in asset of high caliber and associating driving organizations and driving application stages under the shadow of Usechain establishment, helping the worldwide network to empower improvement of Usechain biological system and moving the business into blockchain.

**The conduct information of individuals, occasions, and protests inside the personality based biological system will be open, straightforward and irreversible.

**It has all most recent security highlights to keep the date ensured and expansion to superior, low vitality utilization and open support.

PROBLEMS TO BE SOLVED BY USECHAIN
Introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.

SOLUTION USECHAIN WILL OFFER
Thanks to the unique system of mirror identification, users will be able to save their personal data under reliable protection, because the use of mirror
identification ensures full protection against the introduction of malware during user authorization.
Privacy, which is so necessary for users. After all, the theft of personal data often leads to the loss of financial resources. Identification in a variety of applications will be fast and efficient. You no longer have to spend a lot of time identifying your applications.

Usechain would like to use off the blockchain innovation to build up the to begin with reflect distinguish blockchain biological community in view of existing technologies..... Which can be utilized to break the bottlenecks in the advancement procedure of the square chain, give framework of innovation to the virtual and parallel world and increase the value of recognize be empowering the association of individuals to the money related administrations gave by

In the coming days Usechain will be made assault safe, high performing, secure and will be given equipment based confided in execution condition (TEEs) to get the abnormal state accord calculations of RPPW to build execution and security further. In the coming days the equipment will come into every day life of individuals and will be connected on cell phones.

ROAD MAP

To succeed eveey organization nneda to have laid down plans and guide they will follow and at the end measure their success with to those plans if they followed it duly or not. usechain has put down some plans with which they will work with:

2016
● Determine identity-based blockchain.
● Research on algorithm of identity-based blockchain.
● Put forward the concept of identity tokenization.

Q1&Q2 2017
● Determine design principles and objectives.
● Compile development plan.
● Officially launch the Usechain project.

Q3 2017
● Design system architecture and basic protocol.
● Integrated planning of ecosystem.

Q4 2017
● Develop underlying public blockchain.
● Cooperate with partners to explore application
scenarios.
Q1 2018
● Develop fundamental functions of underlying public blockchain.
● Develop address-identity mapping system.
● Certification Authentication Center Service.

Q2 2018
● Develop privacy protection system.
● Form core community and achieve 50000+ people.

Q3 2018
● Develop software-based RPOW consensus algorithm.
● Develop enhanced smart contracts.
● Develop TPOS consensus algorithm.
● Launch beta version of main chain.
● Achieve 100000+ people in the community.
● Launch the first DApp.

Q4 2018
● Set up sub-chain structure.
● Develop cross sub-chain communication.
● Build Usechain eco-fund to accelerate ecosystem development.
● Develop multi-industry vertical community.

2019
● AI system of address behavior analysis.
● Develop tokenized multi-node system.
● Develop hardware-based RPOW consensus algorithm.
● More multi-industry identity-based DApps.
● Launch decentralized exchange.

For more information visit:

Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
BTT: https://bitcointalk.org/index.php?topic=3432061.0
Telegram: https://t.me/usechaingroup

Author: https://bitcointalk.org/index.php?action=profile;u=2170542

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