USECHAIN BLOCKCHAIN REVIEW

adebits (11)in #blockchain • 6 years ago

Blockchain continue to be the topic of the day because of its potential to distrupt traditional way of doing business. Many industrialist and scientist are looking at the way how they can use this immutable technology to improve their businesses .However, performance, inefficiency, poor scalability and high technicalities have limited present Blockchain technology to only be applied into cryptocurrency trading and exchange as speculative assets. Though many Blockchain startsup are working towards optimizing the technology, however it has not yet to be accepted by all and sundry like the internet because of lack of commercial support and its low performance compare to traditional technologies. The market value of blockchain technology has yet to be fully utilized.

The urgency to develop the blockchain industry to overcome these challenges cannot be overemphasized because that will be only true way for blockchain technology to realize its full potential and lead the next industrial revolution and this what lead to the development of USECHAIN blockchain which will take blockchain technology to the next level.

What is Usechain?

Usechain is a platform that aims at developing the first ever Mirror Identity Blockchain ecosystem that improves the use and utilization of blockchain technology. The platform aims at improving performance by providing a transaction management and support process that is efficient, identity based, and with low technical barriers applicable in the mass market.

Features Of Usechain Ecosystem

The ecosystem of Usechain Blockhain includes application service, application protocol, application components and core framework of underlying Blockchain.
Below are some of the features of the innovative ecosystem:

Multilevel authetication mechanism-
Using cryptography solution, Usechain establishes a multilevel correspondence mechanism between the on-chain address and the identity of authenticated users.
RPOW consensus mechanism-
Based on current algorithms and secure, high performance and anti-attack Trusted Execution Environments (TEEs) built by hardware, the Ramdomized Proof Of Work consensus algorithm can anchieve high frequency transaction verification on the premise of a lower energy consumption and fair environment for mining.
Network sharding technology-
With the KazaA p2p protocol introduced, Identity Network Sharding(INS) and Identity Transaction Sharding (ITS) designed, network sharding can be realized based on the account address of the uses. The transaction of a specific address can be confirmed within the sharding which the address belongs to, which erases the need for confirmation by all nodes in the network.
Identity Virtual Machine(IVM)-
The Identity Virtual Machine(IVM) is a nnew standard for building high-performance smart contracts that can be defined and sandboxed with some adaptations.Usechain will build an intermediate communication layer so that IVM can interract with underlying blockchain, external APIs and sub-chain or even be directly programmed based on the intermediate communication layer to make up for the shortage of Ethereum virtual machine and build smart contracts which are efficient in execution, and can interact with external data to help extend the application scenario
Light Node Client-
The adoption of higher-level Merkle Tree BCMT is used to achieve transaction and status verification reduce the amount of data light-node clients need to synchronize and verify the accuracy of transaction or data.

Usechain Blockchain Usecase Scenario

Cryptocurrency payment
Decentralized financial services
Credible sharing economy
Efficient and secure IOT applications
Unattended investment and equity management
Decentralized insurance
Decentralized exchanges
Tuition fund
Digital content production and trading
Blockchain games
Market forecast

ICO Details and Usechain Specification

Ticker: UST
Token type: ERC20
Fundraising Goal: 34,600,000 USD (4,500 BTC)
Total Tokens: 20,000,000,000
Available for Token Sale: 45%
Accepts: ETH, BTC