USECHAIN's RPOW CONSENSUS ALGORITHM AND BLOCKCHAIN 3.0 SOLUTION

Blockchain technology and cryptocurrency invention brought about the introduction of a reliable manner in which the conduct of monetary transactions in our contemporary time can be effected in a transparent, seamless manner devoid of third-party influences and other weaknesses that has bedeviled the financial sector which existed prior to now. One of the merits of this new financial system stems from the fact that it is a digital asset and since the world has gone digital it, therefore, implies that these digital assets would be adaptable to all new improvements and technological advancements that may come into place in the future.

Despite the many advantages that accrue to this new fiscal system and its use in our contemporary time, the scope of its use has been limited due to some major setbacks. Some of these setbacks include the fact that the blockchain has not been fully developed and optimized. Some of the already existing digital assets like BTC, ETH have not been applicable in a wide range of daily human fiscal dealings as is obtainable with Fiat currencies and this constitutes a great disincentive for its wide range adoption in the market.

Another setback is the fact that the blockchain infrastructures already on ground like BTC and ETH are not scalable.

To further complicate the problems above, no blockchain system has been able to create a perfectly faceless platform and this is one of the key ideals on which a blockchain is founded upon. This is a major drawback on the grounds that it negates one of the chief goals of the blockchain which is to ensure anonymity. The current system does not create an avenue where a nexus between the off-chain identity of the user of the platform to the onchain identity of the user, making it very difficult for the platform to ensure its security against the activities of nefarious individuals who may under the guise of this anonymity use these platforms to perpetrate crimes.

To crown up the already mentioned problems is the fact that most of these platforms which are based on existing blockchains have not been able to successfully build or develop a perfectly decentralized system. This automatically negates the general impression and purpose of the introduction of cryptocurrencies which is to create a totally decentralized financial system that is devoid of third parties and runs on a perfect p2p system that is infallible.

Having elaborated on some of these problems, it is imperative at this point to introduce a platform that has come to take the blockchain Tech to level 3.0, having passed through 1.0 and 2.0 successfully. Usechain is a platform that creates a new blockchain with optimized capabilities and abilities which are channeled towards ensuring that cryptocurrencies go mainstream in the nearest future. Usechain is here with a sophisticated and yet user-friendly system which is directed towards facilitating an expansion in the use and use cases of cryptocurrencies. It has come to create a mass market adoption and use of cryptocurrencies, making an avenue for a groundbreaking level of transactions which can be conducted using their new blockchain tech.

UNDERSTANDING AND COMPARING THE RPOW CONSENSUS ALGORITHM WITH OTHER CONSENSUS ALGORITHMS
This segment of the analysis of the Usechain platform would be split in two ways, the first would be a general exposition on the RPOW consensus algorithm i.e. (1.0) whilst the second would be a comparison between the RPOW consensus algorithm and other existing consensus algorithms i.e. (2.0).
1.0 For any new innovation to grow into a formidable force and platform it must be able to grow first and that growth simply implies passing through several stages to evolve. The Blockchain has developed over the years and have overtime had to change and evolve new strategies and technologies that can be applicable to new case scenarios. In the last few years, there have been a lot of platforms that have been created in diverse sectors which are run on digital currencies, this goes a long way to buttress the fact that these digital assets can be used in almost any fiscal dealing just as fiat currencies and also that the blockchain tech can be adopted and used in many other platforms which may or may not be fiscal in nature e.g. voting processes.

Usechain has come into being to make better the system that was formally in place with its introduction of a new consensus algorithm that would ensure a totally decentralized and lucid system within the universe of e-commerce. With the Randomized Proof of Work(RPOW) consensus, which is introduced by Usechain, we hope to see a platform characterized by lucidity and scalability of fiscal dealings. Usechain is a platform that sees to it that it caters for the triangular problem of scalability, security, and decentralization which has remained unsolved by many blockchain-based platforms, making it one of the best platforms to ever be introduced in this 21st century.

As stated earlier one of the basic problems of platforms based on blockchains which existed prior to this point is the fact that they cannot facilitate multiple transaction verifications to be carried out per second. This is an obstacle to the growth and espousal of the blockchain tech and digital funds into a wide range of transactions which can then facilitate its usage in ordinary human dealings just as Visa and other fiat based platforms.

The RPOW has however remedied this problem by randomizing the consensus protocols and eradicating the unnecessary delays in the system with its randomized application. In doing this it has ensure an increased frequency of the verification of transactions on the Usechain platform and in the nearest future with the relevant technological advancements to be recorded by this platform we hope to see it blossom into a platform with which can facilitate limitless transactions whilst guaranteeing the security of the platform and transactions made on it.

The RPOW is programmed in such a manner that would promote the creation of a fair mining background for all investors due to its low cost of maintenance as well as other innovations it introduces making it a very viable venture. To further consolidate its position as a leading consensus algorithm the need for cumbersome and heavy computer hardware is completely eradicated by the RPOW platform making it perfectly usable even on mobile phones which is a feat that was not obtainable in other consensus algorithms.

The RPOW is programmed to sync with an identity mapping feature and this is a breakthrough worth celebrating in the blockchain industry. It eradicates fully the problem of centralization that existed in some of the old platforms where a select few of the general public control majority of the nodes and introduces a system that guarantees a full decentralization having fully capitalized on the merits of all the already existing models of blockchain and their consensus algorithm the Usechain platform promises to be an expeditious upgrade to the already existing system in place.

The RPOW ensures adequate security for all financial dealings with its random algorithm channeled towards discouraging double-spending attacks and attacks started by gaining a 51% harsh power which is a major flaw that has led to the ingenuity of other platforms based on the blockchain. In doing this it curbs the tendencies of fork scenarios and ensures the actualization of a totally impartial network. To ensure further equilibrium miners at all levels are given different difficulty harsh rates of mining per each block through the randomized algorithm so as make for the efficiency of verifications done on PoW. This would go a long way in seeing that cryptocurrencies are soon adopted into the wider market structure instead of the limited microcosm of the market it occupies now so as to facilitate its use in a wider range of transactions in the daily life of many.
2.0 Having fully analyzed the RPOW I would give a brief comparison between the RPOW and other consensus algorithms.
• The first the Proof of Work(PoW) algorithm which was first introduced with Bitcoin. Here the miners’ make use of “sophisticated computer hardware” which test millions of computations per second, and this happens all over the world. The downside of this is that the energy required by the PoW is too expensive. Statistics released recently showed that Bitcoin Pow makes use of about as much electricity Nigeria uses annually. The problem of centralization also comes in where we see the PoW mining done only in areas of the world where electricity is cheap.
The PoW algorithm is also prone to a "51% attack, this, therefore, implies that dubious miners can capture 51 percent of any network's computing power, gaining dominance on such platforms and ultimately divert the blockchain to their benefit. This problem, however, cannot be seen in the RPOW algorithm, as it ensures a perfect decentralization within its platform and also sees to it that little or no sophisticated energy or computer power is required by it.
• The Proof of stake(PoS) platform is next and is mostly in use in Ethereum based platforms. The PoS was designed to tackle the problems created by the already existing PoW platforms, in particular, high energy consumption. However, it has its own shortcomings, the algorithm can be hijacked by anyone with enough funds to invest, since all he has to do is invest funds into the platform this is in contrast with the PoW algorithm which requires your funds, time, expertise, hardware, electricity, etc. to further complicate this, the problem of centralization comes in again in that Only investors with ample supply of funds can have control of the consensus algorithms reached in the blockchain. This problem is successfully tackled by the RPOW which gives even the common owner of a mobile phone the power to make access and use its unique blockchain. The randomized mechanism it works on also precludes the monopoly of investments and requires an even investment of both funds and hardware.
• Proof of elapsed time(PoET) is also another consensus algorithm. The PoET is quite similar to the Pow algorithm, the difference, however, lies in the fact that it requires less computer hardware, electricity etc. The algorithm leverages trusted computing so as to facilitate random wait times for the process of block construction. It has often been described as the 1st lottery-based consensus for the Blockchain tech.
There are some downsides to its use or application, however, the first being that it works in a manner known as “trusted execution environments,” making use of avenues such as Intel’s Software Guard Extension (SGX), this automatically requires its users to depend on the Intel platform it works with. This automatically means depending on a 3rd party, only this time it is a computerized 3rd party and not a human one. This, however, is the basic problem or issue sought to be tackled by all blockchain models it is therefore seen as a step in the wrong direction.
Another problem with this platform is the fact that requires its users to make use of specialized hardware. RPOW defeats the problems put forward by the PoET algorithm through its high performance and usability on very small typical computer hardware e.g. mobile phones. The randomization of the Usechain blockchain creates a platform where dependence on 3rd party protocols or actions cannot be entertained at any point or level, making for a totally transparent, secure, scalable and efficient user experience.
From the comparisons given above it is clearly seen that Usechain with its RPoW has come to revolutionize the process flow of the application of the blockchain to daily use in ordinary financial dealings and the use of digital funds in several aspects of the workings of financial dealings carried out within the blockchain. In the nearest future, we hope to see with the introduction of Usechain mass adoption of the blockchain in typical market structures and daily use cases. It is no more news that crypto is going mainstream as it is going mainstream with Usechain.

TOKEN DETAILS
Token Name – UST Token
Token Symbol – UST
Platform: ERC20
Token Type – Utility Token

CONCLUSION
Usechain is an innovative platform and the team deserves some accolades for giving the world such a wonderful superstructure which has come to revolutionize the evolution of the blockchain tech and the espousal of digital funds. Usechain creates first a platform with a high-performance level which guarantees scalable transactions carried out on its platform, it also ensures that these transactions are totally safe with the provision of a platform that discourages attacks and fork errors saving in the process a lot of energy since it requires little computer power or energy to execute. This advantages coupled with the opening of the floodgates of the usability of blockchain technology to the whole world by the fact that it requires a lesser amount of funds, energy, and computer hardware to execute, making the platform one of the best so far to be seen since 2009 when the first blockchain came to be. Usechain is the way to go as it promotes blockchain to level 3.0 and makes for the expansion of the e-commerce sector in our contemporary time.

For more information about this outstanding project, visit the links below :
Website: https://www.usechain.net
Token sale : https://www.leekico.com/#/projects/detail?id=107
Whitepaper: https://www.usechain.net/usechain_en.pdf
Medium : https://medium.com/@usechain/
Twitter: https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation/
Telegram: https://t.me/usechaingroup
LinkedIn : https://www.linkedin.com/company/usechain
Reddit : https://www.reddit.com/user/Usechain
Github: https://github.com/usechain

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