Usechain is the blockchain network system for a dedicated and developed the first mirror identifying ecosystem. It has become the first public blockchain to build the Mirror Identity Protocol with multi-level innovations in technology and structural design. Usechain solves all the possible problems regarding the service by the support of the academic and commercial resources too. With the numerous bottlenecks, it ensures efficiency and usability while it becomes difficult to use the blockchain into the existing platform creating applications for the mass market scenarios.
Design Objectives
Usechain will develop the mirror identity for the blockchain ecosystem from the beginning of designing in an innovative perspective of the blockchain infrastructure. This will improve the efficiency of transactional verification for meeting the requirements of the mass market application.
This will decrease the deployment cost for smart contracts and increase the flexibility and usability. Even the virtual machines will optimize and simplify the development and commissioning process reducing the resources of consumption lowering the barriers of partaking. The architecture of Usechain will ultimately handle the larger scale of transactions meeting with the demands from millions of users. This will also manage a range of commercials and social application to this platform at the same time.
Architectural Designing Objectives
Usechain architectural design consists of the application service, application components, and application protocol along with the sore frameworks of underlying public blockchain. They want to achieve the vision and goal of Usechain that will include the improving transactional efficiency in support of the platform applications to the mass market. The Usechain foundation has thought of imposing innovative solutions for the ecosystem.
The solution will be based on the mirror identity for security and performance. The design has to be innovative enough so that it can be divided into the network layers for data layer, consensus layer, incentive layer and smart contract layers. These levels are intended to serve for a certain quantity of applications to meet with some specific requirements of individuals and enterprises. This has possibilities of quicker and secured implementation for various application and business models by lowering the cost some of the key innovations can be designed as:
- Multi-Level Authentication Mechanism
- RPOW Consensus Mechanism
- Network Sharding Technology
- Identity Virtual Machine
- Light Node Client
- Online Fault Tolerance
Applications to Ecosystem
The applications for the ecosystem involve some innovative applications for tokenization of identity where the individuals have zero cost in learning and low entry in the threshold to the identity of tokenization process. It has created a variety of diversified and flexible value-transitional channels within the identity ecosystem enabling a transmission of valuation of regardless forms on high efficiency in system maintenance.
This can also be applicable to such scenarios in fan-based or content based token economy because these economies share the rights and interests with regards to trusted individuals along with some affirmation of sizeable assets. The foundation set the public account with a balance of buying price for making the situation stable for cryptocurrencies. The entire system also works based on eleven scenarios that compliment the cryptocurrency payment, decentralized financial services, credible sharing economy, efficient and secure IoT applications, unattended investments and equity management, decentralized insurance, decentralized exchanges, tuition funds, digital content production and trading, blockchain games, and market forecast.
The Usechain team plans to create its decentralized exchange for convenient use, saving time for resources. We see that the Usechain project is being fully modernized to have commercial value and to be as user-friendly as possible for the community. In the future, Usechain will probably be used on mobile devices, such as: a smart watch, a mobile phone, a PDA, a tablet and others.
The Usechain project will establish public accounts and adjust prices.
Users can use crypto-currencies, which are stored in the purse, for payment. Such payments will be processed in a decentralized peer-to-peer network without the participation of centralized systems, for payment users can use crypto and digital coupons for a discount.
Usechain becomes quick and presents numerous developments. Later on, it will have a huge number of uses that will depend on recognizable proof and credit. The makers of the undertaking will execute their token on a stage called UST, which will be the most widely recognized. The quantity of clients of the Blockchain venture Usechain will develop, and, the cost of UST will likewise increment. For simple utilization of the framework, the Usechain group will distribute a movement report once at regular intervals keeping in mind the end goal to guarantee quality administration and straightforwardness all things considered.
Usechain is going to develop another channel for a seamless connection in real and digital world establishing highly-efficient, secure, unbounded and decentralized tools for valuing transmission by digitalizing all the things.
Website : http://www.usechain.net/
Whitepaper : http://www.usechain.net/usechain_en.pdf
Linkedin : https://www.linkedin.com/company/usechain
Telegram https://t.me/usechaingroup
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1967007