USECHAIN - The World's First Mirror Identity Blockchain!

sadum87 (0)(1)in #bitcoin • 7 years ago

Hello everyone, I will discuss about Usechain project which is very useful for Crypto Community and to know more details about Benefit of Usechain project, Here is the Review:

Usechain is the first of it kind, it is the first publish blockchain built on Mirror Identity Protocol implemented with different features, that makes it more advanced and better than the existing Blockchain.

Why Usechain?

Usechain is creating a platform that will be utilized by the mass market and will be centering on sole identity mapping which means usechain is will be utilized in scenarios concerning identity. In this way Usechain will be driving the world onto BLOCKCHAIN 3.0 it is tasked with the objective of changing the way people explore and innovate with the blockchain technology.

The Problems

Even though there was still am advancement from blockchain 1.0 to blockchains 2.0 there was still problems. Usechain is tasked with resolving this ones and for all.

Low Performance: in terms of transaction speed and transaction cost this two blockchain 1.0 and 2.0 are still lacking as transaction speed which tends to decrease as users increases on the blockchain network as well as the increase in gas fee. The Transaction Per Second on Bitcoin and Ethereum respectively is 7 and 25 TPS this is relatively low and proofs that this blockchain can't serve a global purpose

Anonymous Environment: One of the advantages of using the blockchain is that you are anonymous doing your transactions which means the sender and receiver identities are never disclosed but over the years this privilege has been abused by criminals using this for criminal activities such as Money Laundering, gun deals etc, this has to be corrected.

High Technical Difficulties: Lack of a user friendly interface which also requires the employment of skill personnel in the creation of a public blockchain.

Usechain provides Solutions for all of the above mentioned problems by Creating the first Blockchain/Mirror ecosystem Identities that increase the use and utilization of blockchain technology. The platform aims to improve performance by providing efficient, identity-based, and low-cost transactional management and support processes in the mass market.

Usechain becomes the first public blockchain to be built on Mirror Identity Protocol and integrated with multi-level innovations in technology and structure design, which can be used to break the bottlenecks in the development process of blockchain, provide infrastructure of technology for the virtual and parallel world in the future, build an identity blockchain system built on a new technical structure.

Develop more widely used DApps and provide underlying technical support for the application explorations in finance, consumption, entertainment, socialnetworking, games, IoT, supply chain management, asset management, and social management and add more value to identity by allowing people to be connected to the financial service provided by Wallstreet in an easy, convenient and instant way.

Three Major Usechain Solutions That Will Accellerate Mass Adoption Of Blockchain Technology

Performance And Scalability
Provide efficient transactions management and support for millions of Dapps and billions of users.
Identity-Based
By establishing a connection between on-chain addresses and on-chain identity to meet the requirements of KYC and AML making it possible to be massively adopted in daily consumption, loas, insurance e.t.c.
Low Technical Barrier
With the continuing optimization and enhancement of smart contract, more sophisticated and flexibility defination of application protocol and promotion in accessibility can provide a user-friendly interface for existing Internet technologies and low-cost and low-risk docking mode mature technologies.

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.

Tokensale Details

The Usechain token with symbol UST is an ERC-20 based token with total supply of 20,000,000,000 UST tokens.
45% of the total supply of UST which is equivalent to 9,000,000,000 UST tokens would be allocated for sale, 5% which is 1,000,000,000 UST tokens would be used for marketing and partner support.

20% which is 4,000,000,000 UST tokens would be allocated to community rewards, 15% which is 3,000,000,000 UST tokens would be for technical community rewards and the remaining 15% which is equivalent to 3,000,000,000 UST tokens would be allocated to the core team.

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

The funds raised by Usechain would be used as follows: