THE USECHAIN SOLUTION!
The blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transactions ledger of the cryptocurrency bitcoin.
The blockchain technology has expanded exponentially in the last decade and it continuous to grow .
As it stands today, it can be said that the blockchain technology is one of the biggest technologies in the world, as it has the capacity of impacting positively on every industry you can think of.......ranging from educational development, manufacturing industry, shipping industry, finance and even Agricultural industry etc.
The potential of the blockchain industry might seem endless, however, there are limiting factors to its widespread adoption in the society today.
This factors are making it difficult for so many industries, investors, individuals even governments to embrace the technology.
Some of this factors are:
Scalability
Interoperability
Inefficiency
High technical threshold
Low transaction process
High power consumption
Anonymous environment
Security issue etc
The blockchain technology cannot be able to fully cover the commerce across the globe because of its scalability problem.
Mainstream systems like PayPal and Visa are capable of processing 193 and 1667 transactions per second while the blockchain technology is still struggling with 10-30 transactions per second.
This is just too low to cover the ever growing world of cryptocurrency let alone covering the global commerce .
High technical difficulties: the difficulty of integrating main stream decentralized application on existing blockchain platform.
Anonymous environment:
The anonymous nature of the blockchain technology can be said to be subtly encouraging criminal activities , such as money laundering, drug trafficking, smulgling and illegal fundraising.
Most applications need the support from AML and KYC so that existing anonymous cryptocurrencies can get approved to be applied on wide range of applications.
The blockchain technology needs to be improved in the above listed areas for it to be widely accepted, because people need an ecosystem that can be adopted in their everyday life, an ecosystem that can bring value to the public and support various transactions.
This has necessitated the need for a platform that can augment the blockchain technology by improving on this areas while providing lasting soluo to the issues.
Introducing Usechain, the first public blockchain to be built on mirror identity protocol and integrated with multi- level innovations in technology, structure design which can be used to disrupt the bottlenecks in the blockchain process development.
WHY USECHAIN?
Usechain hopes to leverage off the blockchain technology to develop the first mirror identify blockchain ecosystem based on existing technologies..... Which can be used to break the bottlenecks in the development process of the block chain, provide infrastructure of technology for the virtual and parallel world and add value to identify be enabling the connection of people to the financial services provided by wallstreet.
Usecahain would solve the various challenges of blockchain by providing a new way to design the application scenario based on massive use of identify .
It will make it possible for values in any form to flow and operate efficiently.
Usechain would provide a lasting solution to the impossible trinity from the new dimension of identity and reach a perfect balance among scale, security and decentralization and provide new way to design application scenarios based on massive use of identify since it is built on MIP and receives multi- level reorganisation in underlying level of blockchain.
Usechain would build a new commercial model of blockchain based on MIP.
Develop more widely used Dapps and provide underlying technical support for the application exploration , finance , consumption, entertainment, social networking, games , IOT, supply chains management and allow more more value to identify.
Provision of an efficient transaction process management and support for millions of DAPPs and billion of users.
Establish a connection between on- chain addresses and the off- chain identify to meet KYC and AML requirements.
Improve on the smart contract structure by increasing its flexibility and usability , so that it would be easy to build and integrate applications on the existing block chain infrastructure.
USECHAIN ARCHITECTURE
The usechain architecture comprised of :
Application Service.
Application Component.
Application Protocol and core framework of underlying public blockchain.
BENEFITS OF USECHAIN?
Users will be able to access easy , convenient and instant finance services from the wallstreet.
The ability to build and integrate applications seamlessly on the existing blockchain infrastructure.
High transaction speed.
Increased support for the widespread acceptance of the blockchain technology.
Information on token sale and distribution
Total supply= 20 Billion UST
45% for ICO
5% allocated for marketing and partner support.
20% allocated for community reward.
15% allocated for technical community reward
15% allocated for core team.
For more information please kindly visit
Website http://www.usechain.net/
Whitepaper http://www.usechain.net/usechain_en.pdf
Medium https://medium.com/usechain
Telegram https://t.me/usechaingroup
Author's btt profile https://bitcointalk.org/index.php?action=profile;u=2050118