The Blockchain For The Future
Blockchain 3.0
Just like the evolution of different blockchain era from 1.0 to 2.0 which have been met with different bottlenecks and of course still present. The bottlenecks turned issues have brought the need for improvement. The blockchain in all its glory has experienced issues that have left its adaptability very slim and only experimented by governments and businesses.
The founders of the Usechain project preserves the cores of the blockchain technology which includes decentralization, smart contracts, open ledgers, cryptographic security in an anonymous environment.
The Usechain project is offering an identity based public blockchain platform contrary to the existing blockchain 2.0 and also providing a larger and more adaptive platform where decentralized applications will be built for easy integration of daily massive usage. Also the Usechain platform will provide efficiency while handling large scale transactions solutions for users simultaneously which will be faster than what is currently experienced.
Basically Usechain is the first public chain to incorporate the mirror identity in the blockchain technology. The mirror identity actually enhances the speed of transaction and hastens the verification process. This mirror identity technology is focused on performance and security in the blockchain industry. This great inevitable innovation will be applied on the various angles of the Usechain blockchain at any level which starts from the smart contract, to network, to incentives.
Integration Of The Mirror Identity Innovation
The mirror identity technology will act as a verification mechanism for users on the Usechain ecosystem and will be incorporated to the decentralized application development.
With the mirror identity on the Usechain blockchain, addresses and identities will be fully confirmed and verified. This will bring back trust to a lot of potential users which includes individuals, organizations, and governments leading to mass adoption of the blockchain technology. Thus leading to a transparent and value added level of data on the Usechain blockchain.
Away From The Norm To A New Standard
Definitely, application of the mirror identity innovation on the Usechain ecosystem will obviously make the blockchain industry a public decent center very unsafe for drug dealers, money laundering, and a host of other criminal activities as it used to be. Therefore organizations as well as individuals can provide verification services as long as they are certified on the Usechain network. Also various services could also be developed and established on the Usechain ecosystem based on the structural support.
On the platform the identity token is made available on the Usechain Public blockchain, the UST token to enable seamless transactions. This token can be used to transact on the Usechain ecosystem. Also owners of crypto currencies in their wallets can use it to make payments whilst utilizing the core of decentralized peer-to-peer element of the blockchain.
The mirror identity is the framework for what is needed to move to the next level in the blockchain industry as offered by Usechain public blockchain.
Ultimately the Usechain will utilize the Identity Virtual Machine basically to serve as a criterion to churn high performing smart contracts which definitely is adaptable to the Usechain ecosystem. This will make for speed in efficiency in smart contract execution in the blockchain industry and also adding credibility and high level of trust. Since all transactions will be stored on a verified immutable ledger any illegal activity or form of laundering on the Usechain ecosystem will be thoroughly and transparently investigated on the peer-to-peer sharing economy. In the case of the Usechain public blockchain, transactions are rightly traced down to the verified owner and for what purpose it was used, which brings the value of identity to the blockchain industry.
Usechain GovernanceThe Usechain project was founded in Singapore by the Usechain Foundation as the proprietor of the mirror identity and the Identity Virtual Machine (IVM) distinguishing blockchain technology faced towards the blockchain 3.0. A non-profit organization poised to advancing transparency on the blockchain industry while developing the Usechain public chain that upholds security and verification of transaction on the Usechain public chain ecosystem.
Notwithstanding, the Usechain Foundation will collaborate with partners to make the Usechain ecosystem a continuous adaptive environment for value adding following research and support. More so, Usechain foundation will make available tools and source code for their various partners to develop and provide value on the Usechain ecosystem.
Questions regarding this innovative mirror identity blokchain are welcomed from our esteemed readers.
Additional information on Usechain can be gotten from their Website, and from their official Telegram group.
Wow what an eye opener, I never knew there were amazing technologies behind the blockchain technology, I was just concerned with trading and all but after going through your article, I perfectly understood the technology behind blockchain.
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STOPTo support your work, I also upvoted your post!
Thank you for the sharing this high quality project with the community.
It was an objective review, we see so many projects happening here and there but none of them have a solid plan for real world adoption like Usechain does.
As a developer I must say I’m very excited to know that this identity based blockchain platform would support dapps, only waiting for the mainnet to be released so I can easily build dapps on it.
Despite all these benefits offered by blockchain technology, the issue of scalability and identity protection has been a major challenge undermining the relevance and effectiveness of the blockchain. Usechain has come into existence to address this issue.
Certainly, this is one of the best projects out there to date, Another great opportunity for investors, Don’t hesitate to participate in the ICO.
This project would have more dominance in the crypto space, because its outstanding features and unique concepts. Looking forward to future developments , The sky is just the starting point.
A blockchain that brings trusts to us users is what I hope for, the usechain ecosystem will obviously make the blockchain industry a public decent center very unsafe for a host of criminal activities as it used to be.
The technology behind the blockchain has been mainly used to create various altcoins with the purpose of ramping up in the coin price, rather than being applied to the real industrial fields. It’s good to know Usechain isn’t created for this purpose.
Usechain is a unique opportunity in the crypto market the likes of which we have not seen in a long time.