What is Usechain Project?
What is Usechain Project?
Usechain is a blockchain platform that creates an application for identifying a person and binding it to specific services: crypto-currency wallets, service applications, for insurance or in lending, the banking sector, etc. In addition, the platform will allow for effective mining, realisation high-speed crypto-currency transactions.
Usechain platform is created on a high-performance, user-friendly basis. In this case, Usechain will properly provide the binding of the person (its data), for example, to a purse with crypto-currencies. Naturally, proper imitation and identification will allow the introduction of appropriate safety standards for business and investment. It should be noted that Usechain can be applied in a variety of resources, where you want to bind a specific block of personal content to the individual. Usechain will provide reliable protection to this information.
Usechain described its work as “identification based on mirror identity.”
The Usechain platform is built with a focus on mass use.
How does Usechain work?
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.
With the improvement in the ecosystem, the behavioral data that is generated by events and people will be transparent and irreversible on the identity-based ecosystem. Usechain has set a precondition where it uses the same level of security for maintaining privacybetween identity and anonymous public blockchain. By doing so, the platform provides infrastructure that supports decentralized applications used in a variety of industries and at the same time bring a separation between identity and identity verification that has a basis on zero knowledge proof.
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).
The funds acquired from the token sale will used in divided portions in human labor cost, company operation, marketing, platform development, advisor consulting, risk fund and legal compliance.
RPOW – Consensus will provide more transactions per second with less energy consumption and will not be so demanding on the technical level of mining equipment. Yes, you are not mistaken. Usechain will allow for mining. Moreover, a function is declared in the platform, which will allow crypto currency to be mined using mobile devices.
Thus, the platform will provide a high level of security, high-speed performance and productivity, as well as reduce the consumption of electricity consumed.
In the Usechain platform, is also introduced – shading technology. Sharding will only confirm that part of the transaction to which it belongs. This technology will increase the speed of transactions.
A unique identification system that will provide the opportunity to interact with the user only with his personal information, applications and resources.
An important factor in the operation of the Usechain platform is the stability of its operation to the influence of any external or internal factors. This is the advantage of blockchain technology. Even in the event emergence of a problem situation, the blocks will simply be frozen until the situation is resolved in a specific order.
Token ICO Detail
Token symbol: UST
Token sale date: 05/06/2018- 06/16/2018
Accepted payment method: BTC and ETH
Total token supply: 20000000000
For more information:
Twitter : https://twitter.com/usechain
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2010004