Usechain Overview

chukwukahonour (35)in #ico • 6 years ago (edited)

Hello everybody! Today, once again, I want to share a very useful information and tell you about the really cool and promising project of this year - Usechain, which works on blockchain technology.

Usechain is a decentralized platform that uses blockchain technology, which guarantees maximum protection when working with the project. Usechainuses mirrored authentication technology to make user authorization reliable and secure.
The project uses a completely new mechanism for consensus randomized proof of work (RPOW) - this gives the platform a high degree of protection and huge productivity.

Personal data will be securely attached to the Internet purse, which will give impetus to the large-scale use of blockchain technology. And this will lead to a new round of development of blockchain technology.

Usechain with its blockchain wants to reduce the cost of DAPP applications and scale their usage by making DAPP as simple and user-friendly as possible. This is necessary in order to unite the digital world with the real world.

The Usechain project team in the long term, believes that their project will become a direct competitor of the already existing EOS project.
To date, the technology of blockchain is rapidly developing and the number of new projects is growing, as more companies and teams of professionals are starting to realize their companies in the field of cryptocurrency and blockchain technology.

Bitcoin is the first demonstrative and best-known, so to speak, fundamental project based on blockchain technology, in 2009 the creators of Bitcoin made a decision that turned the whole world around, and gained huge recognition and popularization of the cryptocurrency. The project used all the latest advances in modern technologies, there was a concept like - electronic money.
But in all advanced technologies, there is always something that needs to be modified or modified. The same goes for cryptocurrency where are a number of problems that no one has yet decided.

The main problems of blockchain technology:

• A huge amount of energy consumed while operating the system requires enormous power
• Environmental situation (damage to the surrounding nature)
• A very complex entry process for beginners, very often for approval it takes months
• The lack of guaranteed protection of digital financial funds on the user's online wallets from cyber-attacks and hacking, resulting in the further theft of funds.
• Quite a long procedure for payment, withdrawal or transfer of funds, due to the low transaction speed
• Constant pressure, bans, and sanctions from government and banking structures, which adversely affects the further development, implementation, and application of digital money
• Unavailability of many industries to adopt the latest developments and introduce advanced technology
• The difficulty in increasing the RAM for storing constantly adding new information and data (All information, transactions and, data on the unit are stored forever)
• Problems with Anonymous Users (Lack of effective user authentication methods)
• Complex technological features of the whole system

Usechain - Solving the problems of world cryptocurrency

To date, a lot of professionals have thrown their strength to solve numerous problems associated with blockchain technology.
Many projects are trying to solve certain problems. In 2018, the Usechain team launches its large-scale, innovative project, which will solve these numerous problems at once!
• First of all, users of the Usechain platform will get the guaranteed security of their means and personal data, while leaving the rights of freedom of action (Thanks to a specially developed algorithm of a multilevel system of encryption and authentication)
• Updating the smart contract
• Regulation of pricing and setting of public accounts
• Creation of a single peer-to-peer decentralized platform, for circulation and all kinds of actions with cryptocurrency.
• Creating Your Personal Safe Exchange - DEX
• Sale of Tokens within the platform (Due to the availability of its exchange)
• The ability of the user to create passive investments
• Absence of commissions and additional fees
• All transactions are absolutely transparent
• Creating a new consensus - RPOW (an abbreviation for the word - Randomized Proof of Work, this consensus will increase the number of transactions and reduce the amount of energy consumed, ensure high productivity by reducing the required capacity, in the future, the coining of coins can be dealt with even from your smartphone)
• Using the technology of Network Shading (The newest technology that confirms transactions, eliminating possible network vulnerabilities and increasing the speed of information processing)
• The newest identification system (Creation of an innovative system of Smart contracts that automate and extend the possible actions in the network)
• Interchangeability of failed nodes (If one of the nodes is experiencing some kind of problem or overload, the flow is redirected to the next node, thereby removing the load from the previous one)
•

Sale of Tokens

Token: UST;
Type of the token: ERC20
Soft cap: 1350 BTC;
Hard cap: 4500 BTC;
Accepts: ETH, BTC
Total tokens for sale: 9000000000;
Price for the token now on private sale: 1BTC = 2,000,000 UST

Roadmap

2016 year
• The technology of blockchain is chosen as the basis of identification.
• Investigation of the algorithm of identification based on the blockchain.
• Representation of the concept of identity tokenization.
1 - 2 quarter of 2017
• Definition of the principles and objectives of the project
• Preparing a development plan for the compiler
• Official launch of the Usehain project
Q3 2017
• Creating a System Architecture and Thinking Design
• Create a basic protocol
• Integrated ecosystem planning
Q4 2017
• Development of a basic blockchain of public access
• Beginning of cooperation with partners and studying scenarios for applications
Q1 2018
• Development of fundamental functions of the basic detachment for public access
• Development of an address mapping system
• Service of the Authentication Certification Center
Q2 2018
• Development of a system for protecting confidentiality
• The number of network users reached the level of 50000 +
Q3 2018
• Development of software based on the RPOW consensus algorithm
• Development of advanced smart contracts
• Development of the TPOS consensus algorithm
• Running the beta version of the main chain.
• To reach the number of users of the network 100000
• Running the first DApp.
Q4 2018
• Creating a sub-chain structure
• Development of sub-chain communication
• Construction Usechain eco-fund to accelerate the development of the ecosystem.
• Development of a diversified vertical community.
2019
• Artificial Intelligence in Behavior Analysis
• Development of Tokenized Multi-node Systems
• Development of the hardware algorithm of the RPOW consensus
• A more diversified identity based on DApps
• Launch a decentralized exchange.

Conclusion

Despite all the complexity, it seems to me that the project is waiting for success. Around this platform, there is a certain excitement and I think investors will not leave such a powerful platform without attention. Safe work with personal information is gaining popularity, and Usechain has ambitious plans and a powerful team of developers who have every chance to implement such a technically complex project.