Usechain ICO Review
The First Mirror Identity Blockchain
What Is UseChain? & How UseChain Mirror Identity Blockchain Coin Works
Usechain is dedicated to developing the first mirror identity blockchain ecosystem. Based on existing technologies in blockchain, Usechain becomes the first public blockchain to be built on Mirror Identity Protocol and integrated with multi-level innovations in technology and structure design，which can be used to break the bottlenecks in the development process of blockchain，provide infrastructure of technology for the virtual and parallel world in the future，build an identity blockchain system built on a new technical structure，develop more widely used Dapps and provide underlying technical support for the application explorations in finance，consumption，entertainment，socialnetworking，games，IoT，supply chain management,asset management and social management and add more value to identity by allowing people to be connected to the financial service provided by Wallstreet in an easy，convenient and instant way.
The platform focuses on introducing a new consensus mechanism and a randomized proof of work to balance perfectly strong security and high performance. In order to bring a new generation of blockchain, Usechain will use multi-level encryption and authentication methods, Identity virtual machine, zero proof, enhanced smart contract as well as other innovative technologies.
The platform’s official token referred to as UST is based on the ERC20 protocol on the Ethereum blockchain. Users can acquire the token during the initial Coin Offering. The main aim of creating the token is to give an opportunity for all participants to be involved in the building of the entire community. The token will also be used to reward the developers and supporters of the platform’s community as well as enabling the entire ecosystem to grow. UST will also allow every participant who hold tokens to use Dapp (Decentralized Application).
What problem is Usechain trying to solve?
Introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.
How UseChain Mirror Identity Blockchain Coin Works
Usechain is built on mirror identity protocol merged with high-level innovations in structure design and technology to eliminate the delays in the process of developing blockchain and bring a perfect balance between scale, security, and decentralization. Usechain, as an ecosystem is growing fast and will hold thousands of credit-based and identity-based applications in the future.
UseChain Benefits
Secure And Reliable infrastructure
The platform uses a secure infrastructure that focuses on sole identity mapping thus improving its application to scenarios that need identity.
Public Participation
The platform supports the participation of everyone worldwide. Usechain supports mining by use of even mobile devices because of its ability to use low resources and low energy consumption.
Low Energy Consumption
Through the platform’s characteristic of identity mapping, it can reduce its dependency on the hashing power of the Bitcoin and thus be able to reduce consumption of energy and computing resources.
High Performance
The platform inputs resources of the highest quality to assist the global community to develop its ecosystem. This, in turn, unites application platforms and leading companies.
Who is behind Usechain?
Usechain Core Team
ROADMAP:
Q2 2018 :Develop privacy protection system.
Form core community and achieve 50000+ people.
Q3 2018 :Develop software-based RPOW consensus algorithm.
Develop enhanced smart contracts.
Develop TPOS consensus algorithm.
Launch beta version of main chain.
Achieve 100000+ people in the community.
Launch the first DApp.
Q4 2018: Set up sub-chain structure.
Develop cross sub-chain communication.
Build Usechain eco-fund to accelerate ecosystem development.
Develop multi-industry vertical community.
2019: AI system of address behavior analysis.
Develop tokenized multi-node system.
Develop hardware-based RPOW consensus algorithm.
More multi-industry identity-based DApps.
Launch decentralized exchange.
SELLING POINTS
-The World’s First Mirror Identity Blockchain.
-They have a strong team, with well-experienced advisors.
-The Identity threats is one of the fastest growing scenes in tech and it is far from being saturated.
-Usechain use case is extensive. It cuts across Identity and Security industries.
CONCLUSION
This sounds like a very interesting project to watch. If they can pull this off then USECHAIN will be a huge player in the blockchain atmosphere. Iuse them luck.
Important link:
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
Facebook：https://www.facebook.com/UsechainFoundation/
Twitter：https://twitter.com/usechain
Github: https://github.com/usechain
Reddit：https://www.reddit.com/user/Usechain
Linkdin: https://www.linkedin.com/company/usechain/
Medium: https://medium.com/usechain
Telegram group: https://t.me/usechaingroup
Telegram channel: https://t.me/usechain
