HOW USECHAIN IS DIFFERENT FROM OTHER BLOCKCHAIN PLATFORMS

emmy92 (42)in #ico • 6 years ago

INTRODUCTION

Since the inception of blockchain technology, many platforms have emerged all with a unique way of contributing to the crypto space and the world at large, and thus, Usechain is not an exemption.
Usechain is a blockchain platform that is committed to building the very first mirror identity network. With regards to the current technologies deployed in building most blockchain platforms, Usechain is the very first open blockchain that will be developed on Mirror Identity Protocol and incorporated with multi-stage inventions in technology and architecture.
The Usechain platform is designed to remove the barriers hindering the growth of blockchain and offer facilities of technology for the real and digital world in years to come. It will as well evolve an identity blockchain model deployed on a completely new technical framework.

TECHNOLOGIES USED BY USECHAIN PLATFORM

Usechain is a blockchain platform that uses an unprecedented technology that helps in building more frequently-utilized decentralized applications and offer basic technical support for the use of the application in finance, consumption, business, digital networking, gaming, clearing and forwarding, and banking.
The Usechain platform is out to improve the blockchain by enabling users to be linked to the financial services offered by the platform without much stress and of course, immediately.
By mandating equal security level for privacy among identity blockchain and open public blockchain, Usechain can offer infrastructure that accepts decentralized applications that could be used in several industries by Mirror Identity Protocol and the segregation of identity and identity confirmation premised on zero-knowledge validation.
Again, via multi-stage innovations in technology and architecture, Usechain resolved the problem of poor performance, anonymity and high technicalities by applying the idea of identity. The platform achieves a perfect balance between scale, safety and decentralization.
Usechain collaborates with academic institutions and business schools to obtain the necessary resources and as well collaborate with other established firms from several industries to draw several users and accelerate the pace of the growth of the Usechain ecosystem.

HOW USECHAIN IS DIFFERENT FROM OTHER BLOCKCHAIN PLATFORMS

When juxtaposed with the present mainstream open blockchains such as Bitcoin, Ethereum and EOS, Usechain distinguished itself as it is the very first platform that successfully marries the triad of scalability, safety and decentralization and as well offer innovative ways to build the application instances with regards to the heavy dependence on identity as it is developed on Mirror Identity Protocol.
Usechain features multi-stage restructuring in the basic layer of the blockchain. Usechain focuses on improving the identity as the core of the central idea and seeks to develop a novel commercial system of blockchain that is premised on Mirror Identity Protocol and the multi-stage rearrangement in the basic level.
This is billed to transcend the conventional models such as identity data economy and identity trust system. Usechain is patterned to work with decentralized applications later on in diverse financial fields, creating a bridge between real and virtual world using the customized identity tokens which makes tokenizing objects, intangible services and even people into tokens.
Usechain has high-performing and decentralized exchange platform where Usechain enables values in any sort to flow and work efficiently. It is open, easy to use, convenient and offers immediate finance service offers on a blockchain platform.
USECHAIN aims to issue more efficient and secure IoT applications. This is because, with the rapid growth of IoT applications in the world today, a study has shown that by 2020 more smart devices will be connected or attached to one person. But yet, it has been shown that IoT devices face problems such as privacy issues, security risks etc. Thus, Usechain aims to solve these issues and present high-performance and decentralized IoT devices which will be efficient for Identity-based systems.
Also, Usechain aims to help content creators to safeguard their works through copyright protection. When content creators create their works, they can carry out copyright registration which is recorded on the blockchain.
Tuition fund is yet another way Usechain aims to contribute to the world at large. Through this, Usechain will be able to provide interest-free loans to students with financial problems so as to proceed with their studies. To further enhance this, every year alumni can donate funds, which Usechain will make ready for students who are in need of it.
Furthermore, with UST users can participate in the unattended insurance fund, where no premium will be collected.

CONCLUSION

Usechain is a blockchain-based platform that uses Mirror Identity Protocol to resolve the issues of scalability, poor performance and trust thereby removing the limits on most blockchain platforms.
The Usechain token UST is an ERC 20 standard type token which is designed to work on Ethereum blockchain. It is used by companies, organizations and individuals who want to access the platform.
It can be exchanged with Ethereum and it is equally used to reward nodes that contribute to the development of the Usechain platform.

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