USECHAIN PROJECT EXPLAINED

aaabossbaby (29)in #usechain • 6 years ago

Technology is daily experiencing a tremendous change in its application. People now get more means of incorporating technology into their way if life. Along the way, there came new technologies were incepted, with the blockchain technology having the upper hand. Since the inception of blockchain, its global adoption has become more wider and people are still looking forward to the unraveling of more of its applications.

However, the maximum utilization of blockchain has been rendered limited due some factors like inefficiency of most of the blockchain based platforms which has result into incomplete decentralization, inadequacy of security measures, energy barrier, users unfriendly, high cost of transaction, slow rate of transaction execution, and others.

The reformation of this technology for effectiveness has prompted the inception of the Usechain ecosystem.
Usechain ecosystem is a new technology developed for the optimized use of the blockchain technology. It is the first mirror identity blockchain platform with the aim of giving value to user identity; this will help to adequately solve the problem of security threat occurring with the use of blockchain.

USECHAIN MIRROR IDENTITY PLATFORM

This will ensure the complete confidentiality of users data. It will only display the user's address on the chain itself with maximum privacy and without any form of illicit accessibility. It can be incorporated into various businesses most especially financial institutions. One of its features is the Know Your customer ( kyc)

SPECIAL FEATURES OF THE PLATFORM

Usechain introduces a lot of new innovatives, all for the reformation of the blockchain technology. One of these is the new consensus algorithm; Randomized Proof of Work (RPOW) which bring about a balance high performance and adequate security. Others are zero proof, Identity Transaction Shading, Identity Network Shading, Identity Virtual Machine, Improved Smart Contract and some others, all for the transformation of the blockchain technology.

MERITS OFFERED BY USECHAIN

➢ HIGH PERFORMANCE: the platform offers resources of the highest quality for greater efficiency of the platform.
➢ LOW ENERGY BARRIER: the platform makes use of low hashing power, thereby reducing the consumption of energy and other resources during every activities on the platform.
➢ DECENTRALIZED PUBLIC ACCESSIBILITY: the platform has been developed in such a way that various public individuals can have seemless experience on the pCCF platform.
➢ ADEQUATE SECURITY AND RELIABILITY. Usechain ensures that the platform offers adequate security measures for the users data using RPOW consensus mechanism.
➢ MOBILE COMPACTIBILITY: the plaform can be accessed via mobile, this is due to the fact that the platform consumes low energy and resources.
➢ AVAILABILITY OF A POOL OF APPS: the platform consist of various applications which will all make users experience with blockchain more incentivizing.
➢ Usechain operates at a very high level of transparency.
➢ Non- zero management fee.
TOKEN SYSTEM
UST is the principal currency of the platform. It is backed by ethereum and an improved smart contract, existing in the model ERC20.
CONCLUSION
An epoch of the rebranded form of the blockchain technology is here with a lot of positive potentials. The mirror identification is an adequate protocol which ensures security and privacy.