GENERAL OVERVIEW
The constant increase in technological advances has led to the creation of software and hardware engineering our ecosystem. Nevertheless of the numerous project some are extremely special such as
Details about Randomized Proof of Work (RPOW).
The platform makes use of the RPOW consensus algorithm which was made easy as a result of the identity mapping feature of the platform. By looking carefully to identifying the shortcomings and benefits of the present consensus algorithm; the Usechain platform developed the RPOW consensus algorithm to further improve the security, efficiency, and scalability of the platform through the means of complete decentralization. Because the current consensus algorithm used is compromising in its values.
Challenges Rocking Current Algorithms
It is pertinent to note that Blockchains like Ethereum and EOS use various agreement algorithms. Basically the “Consensus Algorithm” is; for instance, different nodes (the computers) might rate the final scores of a competition. The consensus here was the final mutual agreement reached within the majority of the computers on a single data value. But, there might be situations of computers not properly recording the main scores or data, this might lead to all of the computer not being in agreement.
Due to the constant effective research in the world of technology, alot of consensus algorithms like the Proof of Work (PoW), Delegated Proof of Stake (DPoS), Proof of Stake (PoS) and so on used by the blockchain networks have been created , it is hard to find these sort of current algorithms which have the needed scalability, effectiveness, and high-level security. They all lacked in these needed features. For instance, DPoS being used by EOS does not allow a complete decentralization due to the only small amount of users take the full decision based on their stakes which allows them makes the consensus a more centralized one. Proof of Work used by the BTC meet the standard of the scalability and scalability but lacked efficiency due to the fact that the consumption of energy in the mining process is at the highest level then. However, PoS also meet the efficiency standard but failed woefully in security and scaling.
Usechain’s RPOW & how different it is from other Consensus Algorithms
Normally, the consensus algorithms by default is for problem solving. This was why Usechain brings us the Randomized Proof of Work (RPOW) consensus algorithm to address this purpose. RPOW will serve as the engine room of the Usechain Blockchain. It makes use of the verifiable random function in determining account specific random number and then the mining probability for each account is a function of a normally used and account specific random numbers. The addition of the mirror based identity protocol and Randomized Proof of Work (RPOW) consensus algorithm is a great competitive advantage for Usechain.
The following are benefits of the Usechain RPOW;
•It has the capability of withstanding external attack from outside source.
•It allows users to make use of dApps by carrying out the mining of Usechain Token simultaneously through mobile devices.
•It provides a high-performance system that increases the quality of confirming transaction as every of the platform miners will be given a non-identical task by the blocks each so as to reduces the scattering of the virtual harsh power.
•A transparent and fair ecosystem which encourage mining for everyone.
It provides the energy ecosystem which is friendly such that more and more users can be supported with no worry about energy wastage; due to the fact, the utilizing of identity mapping will make the network to reduce its over-reliance on the hashing power and amount of consumed energy.
However, by synergizing the RPOW with the mirror identity protocol will greatly help in eliminating duplicating and anonymous creating of accounts for mining; whereby technology of identity mapping enables the provision of the data mapping on-chain while identity off-chain for an anonymous purpose to ensure security, transparency, and privacy of the network. RPOW algorithm consensus will help bring down all collective hashing power of the mining, by minimizing the power wastage and improve on the scalability for the purpose of the ecosystem in multiple folds.
CONCLUSIVELY
Usechain innovation of the first mirror identity platform on the blockchain ecosystem community integrating the RPoW consensus to upgrade elite and viability. The Usechain project is very distinct with good use products to address real issues.
Randomized Proof of Work (RPOW) consensus algorithm provides the best algorithm that allows scalability, efficiency, secure and allows full decentralization hereby solving the problem of the present consensus algorithms. From our explanation above, it is crystal clear that Randomized Proof of Work (RPOW) that was developed by the Usechain was more effective than the consensus algorithms presently in the aspect of performance, efficiency, scalability, and security.
For more details and information about Usechain, please visit the following links;
Website: https://www.usechain.net
Whitepaper: https://www.usechain.net/usechain_en.pdf
Blog: https://medium.com/@usechain/
Twitter: https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation/
Telegram: https://t.me/usechaingroup
Author's Details
Name: Dulo Wegner
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dulowegner
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https://bitcointalk.org/index.php?action=profile;u=1196236;sa=account