USECHAIN: THE BEAUTY OF THE FIRST MIRROR IDENTITY BLOCKCHAIN IN CRYPTOCURRENCY

capableuwa (44)in #blockchain • 6 years ago

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The rapid progress of cryptocurrency have become a subject of concern in the development of new and different cryptocurrency project. Daily the total market capitalization have grown and seeing many investors come into cryptocurrency. It is not possible to talk about cryptocurrency in general without mentioning the blockchain technology. The blockchain is a technology where all transactions that have to do with crypto is being carried out. This modern technology is not only used for transactions but used it is the only medium for storage of cryptocurrency coin. The development and beauty of the blockchain technology have see many investors to embraced cryptocurrency, reason being that with the blockchain technology transactions are fast, digital currency is secured and it reduces stress and make investing in cryptocurrency worth it.Transactions carried out with the blockchain technology can be traced to monitor it progress as successful or not. Also transactions on the blockchain technology can be made public, this enabled us to also keep track of transactions to a particular wallet address. Over the years, the development of the first blockchain technology known as blockchain 1.0. The blockchain 1.0 was deployed for the storage and transactions that have to do with Bitcoins. This have also gotten the interest of many investors to come into it. Now the growth of science and technology can not be stopped as different methods and process are been discover there came Blockchain 2.0 which have come to make things more better than the blockchain 1.0. The rise of ethereum gives a huge boost to blockchain 2.0. This blockchain 2.0 was built and developed on the Ethereum Smart contracts. Ethereum on the otherhand have also excites many investors from different part of the world. After taking a crucial look and understanding of the blockchain 1.0 and blockchain 2.0, it can be seen that it has not be more effective and efficient in some areas giving rise to different challenges or the other. In this articles i will emphasized only on the three most important challenges the technology have been dealt with: One of them is Low Performance with the development of the blockchain technology so far, a recent research shows that the marketplace have still not accept its adoption for usage due to the fact that the number of transactions that can be carried out on the blockchain technology is limited between 7 to 25 transactions per seconds. This have been a major set back as the transactions are low compared to the number of transactions Visa supports. Anonymous Environment this have been a major set back to talk about as most transactions carried out here is being on the subject of anonymity creating room for illegal activities to take place. High Technical Difficulties A recent research shows that it has been difficult to deployed the mainstream decentralized applications on the blockchain technology that can be swift and flexible to use. This on the other hand have become a major subject of concern that have limit the marketplace for the adoption of the current blockchain technology.

Hello Buddies, So today i want to introduce you to a New Platform with developed technology. I bring to you UseChain. This is the first identity blockchcain in the industry.

INTRODUCING USECHAIN

The current stage of cryptocurrency have seen crypto investors embracing the technology built with it despite the short coming. This growth rate have will seen the community to moved to the newst blockchain technology, blockchain 3.0 The adoption of blockchain 3.0 is being tagged the new era of blockchain and it is been predicted that there will be a massive adoption of this technology into the marketplace seeing that it have come to cause a transformation in the blockchain industry. Before now the blockchain is known for it swift transaction, transparency, security, decentralized and many more. To increase its usage and adoption in the marketplace, cryptocurrency and the blockchain system needs to improved on:

Identity Based.
Low Technical Barrier
Performance and Scalability
After taking a proper analysis of the current blockchain technology, the UseChain will take the above listed areas as part of the mainframe to build their platform. Therefore, this development will see marketplace to adopt it usage in the crypto space. This will the usachain to build its platform on high performance that can transit massive value at ease, security is assured and trust is guarantee.

HOW WILL USECHAIN ACHIEVED THIS?
Since this platform is built on trust and transpareny the usechain platform will use the following key innovations as part of their core designed to achieved this in collaboration with the blockchain 3.0 technology and massive adoption by the top organizations in the industry.

Multi-Level Authentication Mechanism
The Randomized Proof of Work (RPOW) Algorithm
Network Sharding Technology
The Identity Visual Machine
Online Fault Tolerance
Light Node Client

BENEFITS OF THE USECHAIN PLATFORM

It enabled high performance of transaction to take place.
It is very fast in processing tansactions
It is a secured platform
It enabled low energy consumption

TOKEN ECONOMY
Token Name: UseChain
Token Ticker: UST
Token Standard: Ethereuem (ERC20) at Present
Token Total: Supply: 20, 000, 000, 000
Accepted Currency: ETH(Ethereum), BTC(Bitcoin)
SoftCap: 1350 BTC
HardCap: 4500 BTC