USECHAIN – The First Mirror Identity Blockchain
A centralized identity management system also encounters other issues such as:
- Repetitive registration/KYC
- Identity risk
- Repetitive registration/KYC
Our current personal data and information are not well protected and vulnerable to potential privacy breached. This is because many of the activities that we do, we have to identify ourselves such as registering for an online service, buying insurance, taking a loan or even going oversea. We are prone to doing multiple KYC and sharing of our information. This process has become repetitive.
Our information and data have been constantly shared with various business companies and online platforms so that we can access to the places or purchase products that we need. However, many of us did not realize that these actions put our identity at risk, potentially identity theft, breach of data, data leakage and misuse of information. This happen because E-commerce, social media and business companies have control of our personal data. Our private information is at risk of security breach in the hands of these centralized platforms and entities.
The Rise of Self-sovereign Identity
It shows that centralized identity management system has deficiencies. Self-sovereign identity allows individuals to have more control over their information and at the same time to be able to share minimum amount of information that the given party needs for identification. Usechain will be the first mirror identity project using blockchain technology to address the issue on centralized identity management.
Usechain Innovative Blockchain Solutions 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. 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 is committed to developing the first mirror identity blockchain ecosystem by shaping itself into a worldwide platform with a rich variety of application scenarios, the largest communities and the most advanced technologies. Usechian empowers identity and makes everyone on-chain with a very low barrier. Individuals can participate in the ecosystem by investing time, attention, asset, etc. to create value. Subsequently, participants will be rewarded fairly in the ecosystem, allowing value to be given back to the original users, thus eliminating monopoly and third-party giants in the current society.
Usechain is a Singapore based firm committed to getting self-sovereign identity Block local community substitute to the very famous BTC and ETH Block chains. Use chain incorporates a lot of impressive ecosystems these as Randomized Proof of Do the job a multi tried sharded system, connection with federal GOVTs IDs, and Social Media based mostly credit rating making, securitizing, lending plan on which lot serious, the regular living application might well be designed. Opportunity purpose includes IOT, Finance, Social Community, Supply chain and Internet Games.
Progressive techs, ID mapping, via the governance framework and an app centered style provides Use chain advantages about BTC and ETH, the currently best sides in the virtual money landscape.
- Hardware-Based Performance Improvement
- Privacy-Protected Identity Application
- Boundaryless Identity Ecosystem
- Top Business School Supported
Compared with current mainstream public blockchains like BTC, ETH and EOS, Usechain solves the Impossible Trinity among scale, security and decentralization and provides a new way to design the application scenarios based on massive use of identity since it is built on MIP and receives multi-level reorganizations in underlying level of blockchain.
How UseChain Mirror Identity Blockchain 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.
TOKEN AND ICO DETAILS
- Token symbol: UST
- Token sale date: 05/06/2018- 06/16/2018
- Accepted payment method: BTC and ETH
- Total token supply: 20000000000
- ICO: 9000000000
- Volume: 20,000,000,000 UST
- Finite amount of UST created
- No inflation
- Maximum token amount for sale: 45%
- Softcap: 1350 BTC
- Hardcap: 4500 BTC
- ACcepted currency: ETH(Ethereum), BTC(Bitcoin)
NOTE: The next round whitelist will reopen at 7AM UTC, June 20,next will be the kyc and crowdsale. Price will be 1BTC=1000000UST,lock until exchange at mid July,cap is 1-5ETH
- Marketing & Partner Support: 5% (with bounty comprising 6%)
- Community Rewards: 20%
- Technical Community Rewards: 15%
- Core Team: 15%
- Develop privacy protection system.
- Form core community and achieve 50000+ people.
- 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.
- Set up sub-chain structure.
- Develop cross sub-chain communication.
- Build Usechain eco-fund to accelerate ecosystem development.
- Develop multi-industry vertical community.
- 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.
For more information, please visit:
White Paper: http://www.usechain.net/usechain_en.pdf
Technical White Paper: http://www.usechain.net/usechain_tech_cn.pdf
Telegram group: https://t.me/usechaingroup
Telegram channel: https://t.me/usechain
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143