Usechain ICO OVERVIEW

madlen2017 (29)in #usechain • 6 years ago

Hello everyone, today we will consider a really cool and promising project of this year called Usechain - a platform that works on the basis of blockchain-technology, which in the future should become a direct competitor of the already existing EOS platform.

We all know about such a crypto currency as Bitcoin, this is the first and probably the most famous of all existing crypto-currencies created on the basis of blockchain technology. But Bitcoin first saw the world back in 2009, and he was, you might say, a first child suffering from a lot of "childhood diseases" that do not allow him to become a truly universal means of payment.
Since the release of Bitcoin 9 years have passed and to date we see that the blocking technologies of that time have many shortcomings, such as the huge amount of computing resources required for the normal functioning of the system and as a result - high power consumption, scalability and transaction speed problems .
For example, the throughput of the block-system on which Bitcoin works is only 7 operations per second, which is obviously not enough at the global level. In addition, as recent series of successful hacker attacks on large crypto-exchanges have shown, Bitcoin is very poorly protected from malicious actions, which means that online users' wallets are vulnerable to cyber attacks and potentially stealing money from them.

ABOUT THE PROJECT

Usechain - a solution to all of the above problems in one fell swoop. When it was created, both the improvements in block-technology developed during the 9 years that have passed since the publication of Bitcoin, and fundamentally new solutions aimed at improving the stability, speed and safety of the platform, were used.

Users of the Usechain project are waiting:

Guaranteed protection against theft of money and personal data, without prejudice to freedom of action and ease of use. This is planned to be implemented thanks to a specially developed algorithm for this multi-level encryption and user identification system;
An updated system of so-called smart contracts that protects the user from fraudulent actions during operations of purchase, sale or exchange;
Flexible and fair regulation of pricing;
Possibility to set up public accounts;
A single peer-to-peer decentralized trading platform intended for turnover and other operations with crypto currency;
Own decentralized exchange by type DEX with the possibility of using multiple entry points;
The possibility of buying / selling coins inside the platform (thanks to the abovementioned own exchange);
Users will be able to invest and receive passive income from them;
Zero commission for transactions and no additional fees;
Full transparency of all ongoing transactions;
A fundamentally new RPOW (Randomized Proof of Work) algorithm, this algorithm will enable to increase the bandwidth of the platform, the number of transactions carried out and reduce the system requirements for computing resources, which means that high performance and economy will be ensured by reducing the required capacities. In simple terms, the system requirements will be so insignificant that you can even drop coins even with a pocket smartphone;
Improved technology of shading (transaction confirmation), which negates possible vulnerabilities to hacker attacks at the time of transfer of funds and increases the speed of processing information)
A convenient and reliable system of user identification (it also includes a smart contract system that protects transactions from fraud and expands the list of possible types of transactions);
Interchangeability of currently inaccessible nodes or those nodes that are out of order due to technical breakage of equipment. This works like this: if one of the nodes is unavailable, then the request is redistributed to other nodes, thereby evenly distributing the load and ensuring stable operation of the platform in any situation.

ICO DETAILS

Name of the token: UST;

Type of the token: ERC20

Soft cap: 1350 BTC;

Hard cap: 4500 BTC;

Currency for payment: ETH, BTC;

Number of coins for sale: 9000000000;

The cost of the token on private sale: 1BTC = 2000000 UST.

ROAD MAP

2016 year
Deciding on the use of blockchain technology as the basis for the platform, developing an identification algorithm, developing a token model.

Q1 -2017
Clear definition of the goals and objectives of the project, preparation of the plan and road map, the official start of the project.

Q3 2017
Development of architecture and design, creation of the main protocol of work, development of a comprehensive ecosystem plan.

Q4 2017
Development and launch of the main block with public access, the beginning of cooperation with partners, the development of applications.

Q1 2018
Development and commissioning of fundamental functions of basic blockage, creation of a map of the address system, commissioning of the center of certification and authentication.

Q2 2018
Development of a system for the protection of funds and private data. The number of users of the network exceeded 50 thousand.

Q3 2018
Development of software and applications for the work of the RPOW and TPOS consensus algorithms, the development of an advanced smart contracts system, the launch of the beta version of mainchain, the number of users has reached 100,000. The first DApp has been launched.

Q4 2018
Creation and further development of the sub-chain structure, creation of the ECO-fund Usechain, development of the vertical community.

2019 year
Development of artificial intelligence for the analysis of the behavior of individual nodes and the system as a whole, the creation of hardware for the work of the RPOW consensus algorithm, the further development of DApps, the creation and launch of a decentralized exchange DEX.

THE PROJECT TEAM