With the concurrent tremendous evolutions in blockchain bitcoin and ethereum one can proudly say that the world of technology has indeed been improved, the success of blockchain stems from the fact that it uses the digital currency (decentralized currency ecosystems) with smart contracts as an executor and security feature for all its transactions. Blockchain from its inception in 2009 has indeed overtime made almost all transactions to become automated, blockchain with its different decentralized ecosystem have been able to create and sustain a high level of scalability, efficiency, cost efficiency but blockchain abilities can be described as that which is only too specialized in cryptocurrencies and exchange and trading and this has reduced the number of avenues the blockchain technology would have been able to assist, with defects blockchain has created a new platform that has a higher level of scalability and it’s called ‘’usechain’’ Usechain uses a mirror identity built identity protocol and its powerful integrated multi-level breakthroughs in technology to remove all previous existing encumbrances to blockchain greatness.
WHY IS USECHAIN BETTER?
Usechain is the first of many blockchain inventions with an ecosystem that uses mirror identity protocol and top-notch scalability prowess; it complements blockchain in all its areas of limitations. Usechain uses an advanced infrastructural technology for carrying out transactions that are effective for both virtual and parallel world, with its scalability usechain is able to appeal too many more people by developing more problems solving Dapps, economies still in doubt as to whether to accept blockchain can know can be sure of having usechain having providing qualitative services in finance, entertainment, social networking, consumption, games, asset and social management. Embracing the usechain ecosystem implies that users with its community will enjoy efficient transaction process management, rebranded and a more effective KYC (know your customer policy) and AML. Usechain recognizes the fact that there are a lot of technical barriers in countries and so it creates a user friendly interface to accommodate and responds optimally to various needs at the least possible risk and cost.
ABOUT USECHAIN ECOSYSTEM PROPER
Usechain is a consolidation of the many achievements of blockchain technology, it is one of the way in which blockchain is becoming more efficient, the usechain ecosystem offers a very high performance mirror identity blockchain based ecosystem that is highly scalable to the world over, within its ecosystem users can enjoy its powerful authentication capabilities that can seamlessly carryout user identity authentication and mapping of ecosystem user address. Usechain appeals to big organizations, companies, corporations, conglomerates by not just giving them a decentralized platform (ecosystem) to operate but also an opportunity to endorse, verify and authenticate applications of participants, users within the usechain ecosystem are able to do this based on their level of identity certification and level of contribution to the development and growth of the usechain ecosystem. Within the usechain ecosystem are an array of unique blockchain based application like decentralized insurance, identity tokenization, decentralized financial services, more credible sharing economy, cryptocurrency payments, more efficient and secure IOT (internet of things) applications and investment equity management, market status forecasting, blockchain games for community user leisure, tuition fund, decentralized exchange means and a top-notch digital content production and trading.
Blockchain has always invented ecosystems that all have token and usechain also has its own token (UST token) with a more advanced capabilities , the UST token the usechain ecosystem can enjoy a seamless and effective reward to respective community, supporters and developers, the UST token operates wholly with the blockchain decentralization mechanism to ensure optimum security, the UST token is currently an ERC20 based token that allows transactions with many other communities and even ethereum communities , the ERC20 token eventually grows to become UST token that will later be converted to coins .
ROAD MAP
these are the laid out plan of usechain for the near future
2016
● Determine identity-based blockchain.
● Research on algorithm of identity-based blockchain.
● Put forward the concept of identity tokenization.
Q1&Q2 2017
● Determine design principles and objectives.
● Compile development plan.
● Officially launch the Usechain project.
Q3 2017
● Design system architecture and basic protocol.
● Integrated planning of ecosystem.
Q4 2017
● Develop underlying public blockchain.
● Cooperate with partners to explore application scenarios.
Q1 2018
● Develop fundamental functions of underlying public blockchain.
● Develop address-identity mapping system.
● Certification Authentication Center Service.
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.
TEAM INFORMATION
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CONCLUSION
The usechain ecosystem is just another way of improving blockchain capabilities, it is currently giving out about 20,000,000,000 UST token, and it’s a project that is very proactive about continuous technical research, project operation and bandwidth cost and the marketing of usechain ecosystem to the world over, 35% of all UST tokens will be exclusively reserved for community rewards, 15% UST tokens for technical community rewards, 20% UST for running the business model other UST token will be used in facilitating usechain team, marketing and partner support etc.
Important links :
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
BTT: https://bitcointalk.org/index.php?topic=3432061.0
Telegram: https://t.me/usechaingroup
Author: https://bitcointalk.org/index.php?action=profile;u=2076423
Great work am impressed. How can i participate in the ico
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Ico is over but you can buy ust token on bilaxy exchange
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Ok thanks
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