The usechain platform was operated based on the mirror identity protocol. It was designed with top innovations with the aim of getting rid of unnecessary delays in the development of blockchain. Also, the end game is to create a balance between security, decentralization and scale.
Usechain is developing rapidly as a network and in the future, it is predicted to hold a lot of identity based and credit based applications.
The ecosystem of the platform will be improved such that the behavioral data realized by users and other activities on the platform will be accessible for all to see. There is a set of pre-condition on the Usechain network where it maintains privacy between the various blockchains (anonymous and identity) in the system. With this, there are facilities on the platform that backs up the use of decentralized applications in many industries. Also, there will be distinction between identity and identity verification with the root on the zero knowledge proof.
Features of the USeChain
- Ease of Accessibility – With the use of smart contracts, usechain will be able to make available a complex meaning of the application protocol.
- Identity based – There will be a link between the on-chain and the off – chain address. This will make it possible for the platform to be used for daily usage, in insurance etc.
- Performance and Scalability: the platform has the capacity to expand and accommodate users in millions.
The team behind the usechain platform added innovations that reduce the time of communication in the nodes. It also reduces the amount of software present in each nodes - The platform features a mechanism with user authentication that has many levels. This mechanism makes the system hack proof. Also, the intention for having the blockchain network will be preserved
- The consensus works on old protocols. This comes in a single algorithm that allows users have more than a single transaction per seconds. This reduces the pressure on energy and lessens the overall gland requirement
Benefits of the UseChain Platform - A Safe and Transparent Infrastructure
With the use of sole identity mapping system, the platform will be able to perform better in applications that require identity - Participation of the Public
All and sundry are welcomed on the platform. With the use of mobile device, users will be able to mine on the usechain. This is due to its support for low energy resources. - Low Energy Consumption
The computing resources and consumption of energy of the platform is sufficiently small. This is as a result of the identity mapping characteristics of the platform.
Usechain Mirror Identity: How It Works
The mirror identity protocol, based on the first class innovation, is a structural design that was made to get rid of all delay in executing and developing services in the blockchain. The mirror identity provides a balance between scale, decentralization and security
The UseChain Token
The official token of the platform will be called UST which will be based on the ERC 20 protocol. With the backing of the Ethereum blockchain, users will have access to the token during the ICO. The token will give interested users a chance to be part of the project.
With the UST tokens, developers, contributors and all community members alike will be rewarded. UST will also be the basis for developing the platform
The funds generated during the token sale will be shared for the company operation, platform development, human labor coat, risk fund and advisor consulting.
Token symbol: UST
Token sale date: 05/06/2018- 06/16/2018
Accepted payment mode: BTC and ETH
Total supply of token: 20000000000
ICO value: 9000000000
Usechain Professional Team
There are 10 management personnel and 6 advisors among the Usechain professional team. The various professionals have diverse experience and skill which enables them handle and lead the usechain project to success.
The CEO and founder f the usechain project – Henry Cao, is a renowned businessman, as well as an MBA expert. He heads a department at the Cheung Kong School of Business and also a finance professor.
Conclusion of the Usechain Project
The usechain is a platform is really thriving. With its rate of growth, it is sure to control thousands and thousands of identity and credit based applications and request in the future.
USEFUL LINKS:
• Website: https://www.usechain.net/
• White Paper: http://www.usechain.net/usechain_en.pdf
• Technical White Paper: http://www.usechain.net/usechain_tech_cn.pdf
The following provides the link to their social media sites:
• Twitter： https://twitter.com/usechain
• Linkedin: https://www.linkedin.com/company/usechain/
• Facebook： https://www.facebook.com/UsechainFoundation/
• Medium: https://medium.com/usechain
• Reddit： https://www.reddit.com/user/Usechain
• Github: https://github.com/usechain
• Telegram group: https://t.me/usechaingroup
• Telegram channel: https://t.me/usechain
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