Usechain - a blockchain of a new generation based on mirror identification of a person

Bitcoin is considered the first universally recognized crypto currency. Its appearance marked the birth of a new technological era, as well as several tempting ideas, such as the idea of ​​a decentralized electronic currency built on cryptocurrency, solving problems with the security of storing assets and transferring them.

Smart contracts from Ethereum have become a logical continuation of Bitcoin's ideas and brought the possibility of using crypto-currency in the real world.

Nevertheless, no matter how serious the blockchain made during this time, there are a number of significant problems, the presence of which does not allow full disclosure of crypto technologies, make them universally applicable, and overseas only speculative assets.

These problems include:

Low bandwidth of current solutions and scalability. For example, the transaction speed on the Bitcoin network is only 7 per second. If Ethereum is good, then only against its predecessor - only 25 per second;

the problem of anonymity. It is very difficult to identify a person in existing networks, which gives the ground for the growth of criminal activity in the detachment;

high technological complexity. Now the blockchain is nothing more than a toy in the hands of crypto-geeks, it is associated with an unfriendly, generally difficult to understand the cosystem.

Obviously, only overcoming the indicated barriers will allow the crypto-currencies and the blockchain to really merge into the life of each person.

2018 should be a year of breakthrough solutions, one of which will be Usechain - a high-performance and user-friendly blockchain.

What is Usechain
Usechain is a new generation of blockchain whose task is to increase the use of blockchain in everyday human life by providing a high-performance, user-friendly platform. At the heart of the platform will be the identification of users, allowing you to correlate the addresses of wallets with a real person. This step opens up the ecosystem of the door to a multitude of business sectors, including lending, insurance, banking services, etc.

Thus, Usechain calls itself the first blockchain-based platform based on mirror identity.

Features Usechain
The architecture and all the technological solutions of the platform are aimed at satisfying the requirements of a mass application, we will consider some of them:

Multi-level authentication mechanism for users

The essence of the mechanism is to establish a connection between the address of the wallet in the network and the identity of its owner, and only this connection is kept in the locker, so personal data remains in the safe state.

New Consensus - RPOW

RPOW (stands for Randomized Proof of Work or randomized, random PoW) is built on the basis of current consensus algorithms and provides more transactions per second with less power consumption and lower hardware requirements for hardware (For example, it is planned that the "coin" you can even on mobile devices).

As a result, such a consensus provides a high level of network security, high performance, and low power consumption.

Network technology of sharding

Sharding is rightfully considered to be the next big word in the detachment, he also applies to Usechain. Let me remind you that this technology allows you to go through the confirmation of the transaction only within the fragment to which the address belongs, which significantly increases the speed of the system with virtually no vulnerabilities.

Virtual machine identification

This is a new standard of smart contracts, allowing you to interact with external applications and significantly increase the number of application scenarios on Usechain.

Tolerance for network problems

If one of the nodes has a controversial situation, these blocks are frozen, and their fate will be decided in a special order.

The architecture of the system is shown in the diagram below:

The work of the system and its advantages are described in more detail in the WP of the company .

Where can I use Usechain

Payment systems and decentralized financial applications;
Applications built on the principle of the economy of joint consumption;
Secure IoT solutions;
Insurance;
Crediting;
Decentralized crypto-exchange exchanges, etc.

Tokensale
Name of the token: UST;

Soft-cap: 1350 BTC;

Hard-cap: 4500 BTC;

The price for the token is now on private sale: 1BTC = 2000000 UST.

Project Team and advisors

Activity in social networks
In Telegram , the project has more than 58,000 people on May 23rd. The audience of Twitter- account is more than 1600 subscribers, Facebook  - more than 1115 people
Conclusion
I considered and continue to believe that in 2018 and 2019 only those decisions will be shot that will have real application in the real world. Thousands of transactions per second in a vacuum will not have weight without the everyday use of ordinary people.

Project information

Website: https://www.usechain.net

Whitepaper: https://www.usechain.net/usechain_en.pdf

Facebook: https://www.facebook.com/UsechainFoundation/

Twitter: https://twitter.com/usechain

Telegram: https://t.me/usechaingroup

Bitcointalk: https://bitcointalk.org/index.php?topic=3609821.0
My Bitcointalk Username: chukwukahonour
My bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2117174