USECHAIN: BLOCKCHAIN BASED MIRROR IDENTITY PROTOCOL

As we all know and currently experiencing, blockchain technology since its arrival has proved to be a medium of change for so many things. Crypto currencies are now being used widely by companies and businesses, investment is now being made on a rapid growing rate. Incoming Projects and innovation which has discover the benefits of blockchain technology are now using it to their advantage. But as we know that all innovations and ideas always have one or two things as roadblocks to its growth rate, therefore blockchain technology too has challenges such as technical difficulties at large and also low level of performance. But nonetheless the presence of these obstacles, blockchain technology is rapidly rising and possess characteristics such as transparency and network consensus, security is also not left behind. Blockchain technology is in progress of improvement in areas such as scalability and performance level, it is constantly also feeding its starving technical barrier.

WHAT IS THE USECHAIN PLATFORM?

USECHAIN platform is one based on blockchain in establishing an ecosystem which serves as a mirror identity blockchain so as to increase flexibility, improve transaction verification efficiency, and decrease cost of smart contract deployment amongst other advantages. Usechain will bring in new consensus mechanism and randomized proof of work (RPOW), to maintain high level of security and improved high level of performance. The platform will also use diverse level of authentication and encryption process, enhanced smart contract amongst other innovations. Its aim to provide a transaction identity based management also is not left out. Now what do we mean by mirror identity? Mirror identity gives the advantage to compare addresses on a decentralized platform for the use of information collected during the process of solving the issues of trust. Here, participants can be at rest about the preservation of full confidentiality of personal data and information, meaning users will not be able to view personal information in the public. Data as such will be anonymous, and transparency will only set in for records of transactions that takes place.

WHAT ARE THE ADVANTAGES OF USING USECHAIN??

The platform which has been described above possess a host of merit to its users, some of which will be discussed as follows;

1. Consumption Of Energy Is At Low Level: By successfully reducing the reliability on hashing power, energy consumption and resources of computing can actually be highly reduced, thanks to the blockchain feature of identity mapping.
2. High Level Of Security: This is another advantage benefiting from the ability if the platform on identity mapping, it focuses on this feature, thereby improving its implementation in this aspect.
3. The public participation: Usechain gives everyone from around the world the grace to participate in the platform, due to its low energy and resources consumption level.
4. High Level Of Performance: Bringing companies from around the world together with the platform is one aim of the system and it does just that by imputing only resources of the highest quality in order to develop both parties involved.

APPLICATION OF THE PLATFORM’S ECOSYSTEM

Usechain has a diverse application cases, in which some will be highlighted below. The platform which aims for tight security and high level of performance coupled with low consumption can be applied in the following listed cases;

• as an important Identity tokenization
• as a more secure Internet of things (IoT) and efficient application
• as a method of crypto-currency payment
• as a medium of decentralized financial service
• as a credible way of sharing the economy

TOKEN INFORMATION AND DISTRIBUTION

The official platform token is UST. In purchasing internal coins, it will be possible in exchange for crypto-currencies BTC and ЕТН. It is compatible with the ERC20 standard. The procedure will be based on a decentralized platform for the Ethereum block system. A total of 20 billion tokens will be issued, in which 45% are to be implemented during the ICO.
Tokens will be distributed as listed below:

• 5% company start-up
• 20% marketing, advertising - 2 years
• 35% - payment to employees, hiring experts in the field of blockage, finance, website,
  accounting, etc.
• 10% commercial application development.
• 4% - compliance with relevant rules and jurisdiction in the field of encryption
• 6% - control over the development of the project, consulting.
• 20% - to prepare for risks not planned for

USE OF FUNDS

The pictorial representation belows depicts the use of funds by the platform

THE USECHAIN TEAM

Let us meet the amazing core team behind this project.

For more Info, 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: Teepheh
Bitcointalk profile link; https://bitcointalk.org/index.php?action=profile;u=2142272