USECHAIN'S APPLICATION OF MIRROR IDENTITY PROTOCOL AND IT'S RPOW CONSENSUS ALGORITHM TO BLOCKCHAIN TECHNOLOGY.

Usechain is a project dedicated to creating the first Mirror Identity Blockchain.

What ls Mirror Identity In Blockchain?
Mirror identity on blockchain is the identity address mapping procedure that is being used in the blockchain system, what this procedure does is that, it ensures that the offline identity of a blockchain user remains completely undisclosed and only the address of that user that is being made public but the address contains transaction records which are open and transparent.
The traditional blockchain ecosystems in their creation have never taking this part of the blockchain technology a notch higher and because it is still like this, all of the current blockchains still undergo cyber attacks (hacking).

HOW THE MIRROR IDENTITY PROTOCOL WORKS
Usechain aims to implement the "mirror identity protocol" on the blockchain
This protocol will be capable of enacting a type of connection between an address and it's authentic user yet disclosing other private information of the user.
Usechain will use the mirror identity protocol to create an ecosystem whereby a user's private information can be fused with the blockchain technology without having their privacy/security getting compromised in the process.
The application of this technology/protocol to the current blockchain system will forever enhance the way it works, there will be zero fraud as every transaction done henceforth will be fully traced. In the case of fraud, all the current blockchain can do is nothing, Usechain will make the blockchain do way more with the implementation of the mirror identity/mapping protocol.
Security seems to be an issue that the current blockchain systems seem to suffer altogether but security level in the Ethereum blockchain is higher compared to the Bitcoin blockchain which is just high and the EOS blockchain security is low. The role of mirror identity public blockchain will boost the efficiency of transaction verification which will meet up with infrastructural requirements for mass market application, decrease the use cost of smart contracts and uplift it's flexibility and usability.

An important feature of the blockchain is it's distributive nature and for this distribution to be made possible, an agreement or consensus by all of the network participant must be reached and a Consensus Algorithm is used to achieve this agreement.
The Consensus Algorithm makes the network users to agree on the contents of the blockchain in a distributed and trustless manner.

Usechain aims to create it's own special type of Consensus Algorithm known as Random Proof Of Work (RPOW) which boasts of higher and better technological advancement compared to the Bitcoin and Ethereum consensus algorithm which make use of Proof Of Work (POW) and the EOS which makes use of Delegated Proof Of Stake (DPOS) consensus algorithm. Usechain foundation decided to create it's own special consensus algorithm due to the different type of problems encountered in the current algorithms.

HOW POW AND DPOS CONSENSUS ALGORITHM WORKS.

POW (Proof Of Work): This is the first consensus algorithm and firstly used on the bitcoin blockchain.
How POW Works
POW requires miners to solve hard cryptographic puzzles, in this case, there are plenty of miners trying to solve a puzzle anyone of the miners that solves this puzzle will receive a block reward and it must be won by just one person, while the others who failed wait another day to solve another cryptographic puzzle and a winner emerges who claims the block reward.
The POW consensus algorithm has problems such as it being highly centralized and the mining of bitcoins consumes lots of energy due to the type of high-tech computers used for this process thereby making the POW expensive to use.

DPOS (Delegated Proof Of Stake): As the issues regarding the POW consensus algorithm tend to become increasingly irritating, the DPOS algorithm was designed. This type of Consensus Algorithm requires coin holders to vote for "delegates" who are then responsible for confirming transactions and maintaining the blockchain.
Furthermore, these delegates can also propose changes to the network, they can change Block sizes, transaction fees etc. If a delegate fails to produce a block at the appointed time it will result in witnesses being skipped therefore affecting that delegates reputation score since there is a system that keeps record of a delegates behavior.
The DPOS offer more benefits over the POW which are;

• Low energy consumption
• It is decentralized and
• Does not require a high-tech computer so it's not expensive to use.
  But then it still has some problems such as;
• It is not fully decentralized
• The security level is low.

RPOW (Random Proof Of Work): This is an upgraded consensus algorithm created by the Usechain foundation to eradicate all of the problems of the traditional consensus mechanisms.
BENEFITS OF RPOW

• It uses low energy consumption and still capable of achieving high frequency transaction verification.
• The application of RPOW will provide a fair environment for miners to mine.
• It is built to resist cyber attacks (hacking).
• It is capable of reaching the required level of application when it comes to scaling, speed and cost.

The application of the RPOW consensus algorithm and the mirror identity protocol will really enhance the development and widespread adoption of the blockchain technology. Current and future industries wanting to utilize the blockchain technology for their business would do so conveniently.

For further information please refer to links below;
Website: https://www.usechain.net/

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

Twitter: https://twitter.com/usechain

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

Telegram: https://t.me/usechaingroup

WRITER'S INFO
Name: thaddaeus

Bitcointalk username: beneze

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2190968;sa=summary