USECHAIN: A REMARKABLE MIRROR IDENTITY BLOCKCHAIN PLATFORM UPHOLDING SECURITY AND PRIVACY

OVERVIEW
Blockchain technology is the most disruptive of our time, considering it’s vast applications, transparency , inability to alter stored information on the blockchain and many other use cases. The sprouting of cryptocurrencies from this mind-blowing technology is another remarkable innovation. Blockchain and cryptocurrency adoption has been a major setback due to the fact that existing blockchain infrastructures like Bitcoin and Ethereum pose some drawbacks in terms of poor scalabilty, inefficiency in performance, inefficient cross-chain interaction, and a whole lot of technical drawbacks. All these limit the widespread adoption by large businesses, the government authorities and the masses at large. I remember introducing a friend by name, Mark to cryptocurrency last month and he asked me how many blockchain projects have real life use cases or solve pains in real life and have achieved their project aim. I couldn't give a direct answer because adoption of these projects mainstream is a hard nut to crack. The good news is, Usechain has been enacted to curb these existing drawbacks with more robust features. Usechain proffers this solution with blockchain 3.0 embedding more advanced features and presenting a modern approach to design application scenarios with regards the massive utilization of identity considering the fact that it’s built on MIP, improves scalability, security and efficiency.

The core ideology of Usechain is adding value to identity and to ameliorate the existing blockchain infrastructures by enacting a new commercial model of blockchain based on MIP. Decentralized Dapps will be supported by Usechain in future. The decentralized exchange in usechain ecosystem with superb performance will aid a great deal in making different forms of values to flow and operate seamlessly. It is pertinent to note that, Usechain is the very first identity mirror blockchain ecosystem and will build the platform progressively with time in order to embed advanced or more improved resources so as to easily gain adoption by top businesses, schools etc. Usechain will work closely with top project application platforms in diversified industries in a bid to improve the standard and adoption mainstream.

EXISTING PROBLEMS WITH VARIOUS BLOCKCHAIN INFRASTRUCTURES PRIOR TO THE ESTABLISHMENT OF USECHAIN
• Blockchain 1.0 infrastructure (Bitcoin) started smoothly but with increased market capitalization and huge traffic, the network was posed by slow transactions, higher fees , high power consumption etc proving poor scalability and efficiency. I remember sending BTC some months back to a friend and it took almost 24 hours to deliver, going against the initial perception of cryptocurrency features with regards speed of transaction. Nowadays, bitcoin is used as a store of value drifting from its initial purpose of creation.
• Blockchain 2.0 (Ethereum ETH) was a major improvement but some bottlenecks sprouted along the line. ETH aided a great deal in Dapp and token creation, crowd funding , and the smart contract application is vast. But ETH has not provided a value exchange platform which will boost adoption in real life. The issue of real commercial value sets in with regards use cases. Low performance, anonymous environment and high technical difficulties has been a major drawback for the existing blockchain infrastructures to be adopted mainstream.

SOLUTION PROVIDED BY USECHAIN TO IMPROVE BLOCKCHAIN ADOPTION MAINSTREAM
• By providing an efficient process in managing transactions in order to support huge traffic from users and Dapps.
• Promoting adoption with regards daily consumption , loans or insurance by establishing a link between on-chain addresses and off-chain identity in a bid to meet KYC and AML standards.
• Improved security, enhanced performance and reduced consumption of energy.
• Reducing adoption barriers by providing a user-friendly interface, implementing low cost and reduced risk for advanced technologies. This will in turn improve adoption and flexibility.

All these will be achieved by implementing technical key innovations as follows :
• Multi-level authentication mechanism
• RPOW consensus mechanism
• Network sharding technology
• Identity Virtual Machine (IVM)
• Light note client
• Online fault tolerance

UST TOKEN
The official token that will be used in Usechain ecosystem is the UST. At the moment it's ERC-20 based token but in future, it will be swapped to the native UST coin after the main net launch. The UST will be used in rewarding community developers and supporters, boost ecosystem growth and utilization of decentralized apps by participants. UST will be used as gas for transaction fees in the ecosystem for the public chain. It will be integrated for use in finance sector and consumption in future, used in making payments.

TEAM AND ADVISORS
The team members behind this project comprise of experienced intellectuals who are devoted and determined to realise the project aim and worldwide adoption of blockchain technology. They are backed by awesome advisors willing to assist in attaining a common vision and goal. See image below :

PARTNERS AND INVESTORS

PROJECT ROADMAP

USEFUL LINKS
Consider checking out the links below to know more about this remarkable project. Follow on various social media and get timely updates about Usechain.
Website: https://www.usechain.net
Whitepaper: https://www.usechain.net/usechain_en.pdf
Medium : https://medium.com/@usechain/
Twitter: https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation/
Telegram: https://t.me/usechaingroup
LinkedIn : https://www.linkedin.com/company/usechain
Reddit : https://www.reddit.com/user/Usechain
Github: https://github.com/usechain

Writer's telegram username: @engrdeo
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292