USECHAIN ICO - THE FIRST MIRROR IDENTITY BLOCKCHAIN

brainpow (0)(1)in #blockchain • 6 years ago

About usechain:
Usechain is the world’s first Mirror identity blockchain that can do thousands of TX/s + dapps and it is an ID-enabled consensus, security and privacy In addition to that usechain is a hardware based performance improvement and also Privacy protected identity application. a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.
Usechain is dedicated to developing the first mirror identity blockchain ecosystem. Based on existing technologies in blockchain, 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.

about Blockchain:
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data.By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability[ or voting.
Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.

Roadmap:
2016: they started working, domain registered 2017.
Q3 2018- develop software based RPOW consensus algorithm; beta version of main chain and launch first d’apps.
2019- DEX, more d’apps, hardware based RPOW consensus algorithm.

TOKEN SALE: SINCE 20 JUN

Token Metrics:
Raising $38.1M for 45%
Token type: ERC20
Avalaible for token sale: 45%
Team: 25% token released every 12 months; 3 years total.
Ticker: UST
Total Tokens: 20,000,000,000

Team:
The team is from NYC seattle, Shenzhen, Beijing
Founder is professor of finance, phd yale and phd university of California.
Prof shenzen university and worked UTsacrom (1085 employees) visiting associate professor stanford.
Erik xu. COO vice president of the company ‘’ provided personalized education services for more than 60 million users in china’’
CTO multi-time entrepreneur, worked at huawei.
Chinese ICO