USECHAIN: A MIRROR IDENTITY BLOCKCHAIN ECOSYSTEM:

By the coming of Bitcoin and Ethereum that made enormous contributions in the Blockchain technology and industry and has brought about innovative ideas and concepts such as “decentralized currency“ and “smart contracts” into the world of Blockchain technology.

By the emergence of Blockchain and Cryptocurrency, the society is given the freedom to be totally autonomous and secured without the involvement of third parties.

Inspite of all these, still, issues like performance inefficiency, poor scalability and high technical threshold have limited the Blockchain technology to only be applied in cryptocurrency trading and exchange leading to low utilization of the system to its full potential.

The enormous contributions of many many core Blockchain communities to optimize the technology notwithstanding, still the market value of the industry hasn’t been recognized and adopted by a mass market like the internet due to lack of commercial support and weak connection with market.

USECHAIN INNOVATIVE SOLUTIONS:

USECHAIN is using blokhchain technology to achieve genuine commercial value and contribution to society.

It analysis Bitcoin and Ethereum network from multiple perspectives including

• Security
• Performance
• Risk,
• Resources Investment and
• Users participation.
  USECHAIN combines the different technical and competitive advantage of existing blockchain models, and proposes one of the most feasible consensus algorithm called Randomized Proof of the work ( PROW) based on identity mapping to explore a new solution for blockchain.

As the first Mirror Identity block chain system, not only lowers the risks and problems brought by the fact that some individuals will control most of the nodes because of the overflow of anonymous addresses, but also bring possibility to the consensus algorithm of PROW.

To maximize the commercial value and social contribution, USECHAIN undergoes comprehensive upgrade in the following aspects which make it different from all existing mainstream technology in blockchain.

Low energy consumption: Based on the characteristics of identity mapping, the blockchain network can greatly reduce the dependence on hashing power and reduce the consumption of computing resources and energy consumption.

High Performance: Through random algorithm, every block will give different difficulty to all miners to adjust the distribution of virtual harse power, which can dramatically increase the efficiency of transaction confirmation based on POW and lay the foundation for realizing the consumer use.

High Level Security: Based on POW, random algorithm with intellectual property rights can reduce the centralization degree of hashing power.

It can also resist double- spending attack and attach started by 51% hash power and greatly reduce the probability of fork, which ensures the security and impartiality of network to the most degree

Public Participation: Under the precondition of being secured and efficient, USECHAIN will be able to support mining through mobile devices due to low resources and energy consumption.
Allowing the public to participate in the ecosystem.

In the future, USECHAIN, will build secure, high- performance, attack-resistance and hardware-based Trusted Execution Environment (TEEs) to achieve a high- level consensus algorithm of PROW to the further enhance security and performance.
The hardware will be adopted into people's daily life and widely applied on mobile device such as phones, pads, PDA or even Smart watches, bands and other smart devices.

USECHAIN FEATURES

Below are the features of the USECHAIN platform:

Provision of advanced infrastructural technology for the virtual and parallel world.

Development of more widely used Dapps.

Provisions of technical support for application exploration in finance, consumption, entertainment, social networking, games, supply chain management, asset management and social management.

Performance and scalability: Usechain platform provides efficient transaction process management and support for billions of users.

Identity-based: It establishes a connection between identities and meet requirement of KYC and AML, making it possible to be massively adopted in daily consumptions, loans insurance, etc.

Low technical barrier: provision of a user-friendly interface for existing internet technologies and low-cost and low risk docking mode for established technologies.

ECOSYSTEM ARCHITECTURE OF USECHAIN

USECHAIN has a leading team specialized in blockchain technology that is dedicated to establish a first high-performance mirror identity blockchain ecosystem with the most advanced technology, richest application scenarios and largest user community.

USERS: Individuals can make use of the verification feature and service applications in the usechain ecosystem to complete mapping of address and identity verification.

Application Participants : Individuals and organizations can endorse identity verification for others based on their identity certification and contribute to the development of the usechain ecosystem.

Technology Participants

ECOSYSTEM APPLICATIONS

• Identity Tokenization.
• Cryptocurrency payment.
• Decentralized financial services.
• More credible sharing economy.
• More efficient and secure IOT applications.
• Unattended investment and equity management.
• Decentralized insurance.
• Decentralized Exchanges.
• Tuition fund.
• Digital Content production and trading.
• Blockchain games.
• Market forecast.

TOKEN DISTRIBUTION

The total quantity of UST token is 20,000,000,000 UST. And its to be distributed as follows:

For Sale

For technical research, hardware and bandwidth cost, project operation, and marketing of the usechain platform

Community Rewards

35% of UST will be reserved as the community rewards, which is divided into two parts :

1. 15% for technical community rewards, mainly used to motivate developers to contribute their technology to usechain ecosystem.

2. 20% for community rewards, which is dedicated for running the operation of the business model.

All distribution rules and process are transparent, distribution can be completed automatically thorough smart contracts.

Core Team

Early team members who provide product and technical support will be rewarded for the development of Usechain during the early stage. 25% will be released to the UST team every 12 months.

Marketing and Partner Support

5% of the token allocation will be for marketing and rewarding partners who provide storing support in the process of promotion and publicity. 6% of UST for marketing and Partner support is special for community based bounty program.

For useful links, Kindly visit;

Website: https://www.usechain.net

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

Medium: https://medium.com/@usechain/

Twitter: https://twitter.com/usechain

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

Telegram: https://t.me/usechaingroup

Author: Mr EMMANUEL

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2233995;sa=forumProfile