USECHAIN

Usechain, the first mirror identity public blockchain.

Blockchain technology has been a really big revolution since its inception and introduction in 2009. Blockchain technology has led to a lot of innovative changes in the way things work; it has been used to solve a lot of problems associated with different industries in the world with the inception of cryptocurrencies. Blockchain technology has created a whole new vision of a desired future and it has not even reached its summit yet. The blockchain technology, despite all its innate benefits has a lot of limitations.
Blockchain technology currently only has applications in the exchanging and trading of cryptocurrencies due to the various limitations plaguing blockchain and as such leads to barriers with its global adoption.
Blockchain technology has an unlimited number of untapped potential but this potential would not be realised globally except the limitations of blockchain is completely eradicated.

In the world of blockchain, what people actually need is an ecosystem that they could make use of for their daily-to-day activities and this is really not too much to ask neither is it wishful thinking. Blockchain technology started with the creation of bitcoin in 2009, Bitcoin was based on the blockchain 1.0. After Bitcoin, Ethereum was created based on blockchain 2.0. When the cryptocurrency era started, there was a large influx of investors who could see the future and wanted to be in the front seat of it all but despite the visions of the future, the blockchain 1.0 and 2.0 both have prevailing limitations. Bitcoin transactions take ages to get completed and those that mine Bitcoin would know that Bitcoin consumes a tremendous amount amount of power. Ethereum as well has its limitations.

The Usechain foundation is developing a blockchain ecosystem superior to blockchain 1.0 and 2.0 that can be applied to the global market. There are applications now that require a lot of identity verifications and the Usechain foundation is creating an ecosystem that can be successfully applied to identify verifications.

Usechain Technical Architecture.
The efficiency of the blockchain 1.0 and 2.0 have been compromised on several levels and the use of the current blockchain to create applications based on the needs and wants of the general public is just a failed plan and it will not even be an easy task at all.
The objective of Usechain is to break the limitations surrounding the existing blockchain by using the existing blockchain as a guide to develop a new blockchain that would inherently solve the limitations of the old blockchain.

Imagine having an ecosystem that could handle the transactions of millions of users at the same time and would not even lag in its performance, that ecosystem is Usechain.

Architecture design of Usechain.

The Usechain ecosystem would develop some mechanisms to help with its innate identity protocol; the multi-level authentication mechanism which will be a facilitation of the simplified 1-1 mapping between the addresses on the Usechain platform and the identity of verified users; the Randomized proof of work (RPOW) consensus mechanism which would help achieve the verification of high frequency transactions but with low energy consumption. The network sharding technology within the Usechain ecosystem would enable various transactions to be confirmed very quickly in little time thanks to the identity network sharding (INS) and Identity transaction sharding (ITS) strategies.

Usechain analyzes the blockchain technology behind Bitcoin and Ethereum and builds upon the advantages associated with the existing blockchain while exploring new solutions for the associated limitations by virtue of a consensus algorithm, RPOW, which is based on identity mapping.
The Usechain solution is based on:
-high level security which resists double spending attacks and those started at 51% hash power. The high level security that Usechain basis on would also help reduce the probability of transaction fork.
-high performance which entails the increased rate of transaction confirmations.
-low energy consumption regardless of the frequency of transactions.
-public participation by ensuring low rates of energy consumption and allowing mining to be done even on mobile devices hence everyone would be interested in mining.

More review coming up; follow this trend.

Follow Usechain:
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3432061.0
Twitter: https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation
Telegram: https://t.me/usechaingroup
Reddit: https://www.reddit.com/user/Usechain

Writer's Bitcointalk username : kitanodebunmi
Writer's Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1298583