USECHAIN: PROJECT REVIEW

WHAT IS USECHAIN?

Usechain is an ecosystem that aims to develop the first blockchain ecosystem of mirror identity that enhances utilization of the blockchain technology. Usechain intend to improve performance by providing an efficient identity-based transaction management and support process with low technical barriers applicable in the mass market.

The usechain project aims to tackle the following problems:

• Anonymous Environment: Lot of applications in daily cases require KYC and AML support, so it is necessary to approve the existing anonymous digital currency for a wide range of applications.
• Very Difficult Technical Issues: Innovation of the underlying public blockchain presents important technical challenges that require the support of multi-disciplinary and technological resources.
• Low Performance: Undemanding delay in confirmation of transactions in the current blockchain ecosystem inhibits the technology from going mainstream.

Through the following solutions:

• Identity Resolution: Usechain makes a connection between the addresses on the chain and off-chain to meet the guidelines of KYC and AML, which permits and receive a mass everyday utilization. Usechain can be connected to a wide assortment of utilization circumstances that requirements identity verification because of the effective and secured systems focused on identity mapping.
• Technical Barrier: Consistent upgrade and enhancement of the smart contract will prompt advancement and flexible definition of application protocols will provide a user-friendly interface within the ecosystem.
• Scalability: Usechain empowers a productive exchange process administration that guarantees expedient affirmation of transactions within seconds and support for many Dapps. Usechain is based on a great blockchain foundation, very secure and dependable to keep up an enormous esteem.

PECULIAR FEATURES OF THE USECHAIN ECOSYSTEM

The platform uses a protected establishment that spotlights on identity mapping thusly upgrading its application to circumstances that need an identity.Usechain supports mining by use of even mobile phones because of its ability to use low resources and low essentialness.The stage inputs resources of the most lifted quality to assist the overall system by building up its natural network. This, in this manner, joins application stages and driving associations.Through the system's method for identity mapping, it can lessen its dependence on cryptocurrency hashing energy.It incorporates a stunned methodology of approval. In perspective of the cryptocurrency advancement, Usechain gives a stunned game plan of affirmation between the on-chain address and the customer's identity. In this manner, the structure saves only the correspondence outline.It is fundamental to not that Usechain can deal with the Impossible issues from another angle. With the assistance of insightful and business establishments from around the world, Usechain will continue working simply in view of such basic models, which will be most significant for people and associations from around the world. Usechain means to develop an intense natural system that has to do with the issues of everyone who needs to the innovation. Security and decentralization are paramount.

BENEFITS OF USECHAIN

1. High Performance: Thanks to the Ramdomized Proof of Work (RPoW) consensus algorithm, each block will give different difficulties to all miners, which will greatly increase the effectiveness of the confirmation of the transaction based on PoW and will lay the groundwork for the realization of the use by consumers.
2. Low Energy Consumption: With the help of the features of identity mapping, the blockchain arrange fundamentally decreases reliance on hashing power and diminishes IT asset utilization and energy utilization.
3. High Security: Based on the RPoW consensus, a random algorithm with intellectual property rights can reduce the degree of centralization of hash power. It can withstand a double-cost attack and a 51% attack and diminishes the likelihood that the fork will ensure the most extreme security and unprejudiced nature of the system.
4. Public Participation: Due to ease and limit energy use, mining through cell phones will be bolstered by Usechain as it guarantees simple access to the ecosystem community by the members.

USECHAIN TOKEN

Usechain token is designated as UST, which is a utility token supporting the standard Smart Contract of Ethereum Blockchain. UST token will be used to fuel the ecosystem in rewarding community supporters and developers who have devoted their time in building the platform as well as give all users access to use applications. UST toekn will swapped to UST coin at the community grows annd launch of the mainnet.

CONCLUSIVE THOUGHTS

I will like to say, at this point, that the ideas presented in this article are just a summary of the enormous possibilities that the Usechain project holds and offers. I, therefore, strongly recommend everyone to read through the Usechain whitepaper for a better grasp of this prodigious venture. Below are some other useful channels for updates on the Usechain project.Website: https://www.usechain.net/
Whitepaper: https://www.usechain.net/usechain_en.pdf
Telegram: https://t.me/usechaingroup
Twitter: https://twitter.com/usechain
Facebook: https://web.facebook.com/pg/UsechainFoundation/photos/?ref=page_internal
Medium: https://medium.com/@usechainAuthor’s InformationNdubadeshttps://bitcointalk.org/index.php?action=profile;u=2258764;sa=summary