USECHAIN: Introducing technological innovation into blockchain ecosystem

INTRODUCTION
Blockchain can be referred to as incorruptible digital ledger of electronic monetary transactions(or things with economic value) which can be programmed and recorded. It represent a list of record that is continuous. Blockchain are linked and secured with the use of cryptography which contains timestamp, transaction data and cryptographic hash. Data recorded on the block is verifiable and permanent.

The advent of blockchain technology by Satoshi Nakamoto in 2008 with the aim of serving as the public transaction ledger of bitcoin. Bitcoin made a history by becoming the first decentralized digital currency to solve the problem of double-spending. This has brought a new face to financial transaction online because of its enormous advantages over other systems of online financial transactions. Great progression has been made in the industry since 2009. However, blockchain technology is faced with lots of challenges and barriers which needs to be addressed so that it can be generally adopted by the larger society. Some of the barriers associated with blockchain are listed below:

• Lack of formal contract verification: Formal verification of smart contracts remains a mirage in blockchain technology. This is one of the problems yet to be solved because of lack of adequate technical tools.
• Storage constraints: This is an hurdle for any application on the decentralized blockchain technology because of its high cost. It is costly because every node has to store more and more data.
• Lack of governance and standards: Since there is no organization responsible for maintaining standards, blockchain technology has no safe upgrade path for the protocol. Eventhough blockchain technology is decentralized, it is still of great benefit if there is a set standards to guide its operation.
• Limited scalability: This is shown in the fact that Blockchains can only process a limited number of transactions. Also transaction times is relatively very slow if compared to those using similar service. This will end up causing delays. This also prevent mass market adoption.
• Limited privacy: There is limited privacy because anyone in the world can create new wallet anonymously and transact using it. This is so because transactions are not tied to someone’s identity. This gives room for a lot of fraud to be done because identity that is not made public.
• Inadequate technical tools: Having proper tools is highly essential to achieve efficient and effective work which will guarantee smooth running of the blockchain technology. The available technical tools used on the blockchain is not adequately functional. Blockchain ecosystem requires a more sophisticated technological tools for smooth running of the ecosystem.

These and many more are what the Usechain team is helping to find solutions to all these barriers facing blockchain ecosystem in order to increase blockchain technology adoption and utilization. Usechain is the first mirror identity blockchain ecosystem developed to be multi-transactional and also add greater value to the entire public. Usechain is based on a very solid technological foundation and it is also equipped with a high performance and secure infrastructure which is majorly based on identity mapping and verification. Usechain is also dynamic in nature because it gives room for improvement.
Usechain is built on mirror identity protocol and it is also integrated with multilevel innovations in structure design and technology. The Usechain product has some basic features that makes it unique from other. The features are:
-Hardware-Based Performance Improvement
-Privacy-Protected Identity Application
-Boundaryless Identity Ecosystem
-Top Business School Supported

TOKEN DETAILS
Usechain token is abbrevated (UST), Total supply is 20,000,000,000 UST. To be able to raise funds for more technological research, 45% of the total supply will be put up for sale why the remaining will be distributed between the Marketers, support, Core team, Community rewards and Technical community. The Initial Coin Offering (ICO) has been slated to start on 20th of june and end on the 4th of july 2018. Usechain token (UST) is going to be used for all forms of transactions on the Usechain blockchain platform. It will also serve as a means of rewarding investors and participants.

CONCLUSION
The enormous challenges facing blockchain technology that Usechain has helped find solutions to with their well orchestrated plans and also the team of certified professionals behind the project, I recommend Usechain for all investors to partner and invest with the team.
TEAM MEMBERS


FOR MORE DETAILS, VISIT THE FOLLOWING LINKS:

Website :http://www.usechain.net/
Whitepapper:http://www.usechain.net/usechain_en.pdf
BTT ANN thread: https://bitcointalk.org/index.php?topic=3432061.0
Telegram link: https://t.me/usechaingroup
Authors details :
Bitcointalk Username: msbtrooper
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2182082;sa=summary