The world has been taken by storm by amazing technological inventions. But an unknown figure that goes by the pseudinym, 'Satoshi Nakamoto' came up with yet another revolutionary technology. creating te first decentralized and fully-functional peer-to-peer means of exchange and transfer, Bitcoin (Blockchain 1.0). Bitcoin was to be used for peer-to peer transactions and exchange and also serve as a store of value. What was more interesting is the digital aspect of bitcoin.In simple terms Bitcoin was popularly known as the first decentralized digital currency. Bitcoin was dubbed as 'Digital Gold'.
After bitcoin, other digital currencies came into existence as well. The digital currency aspect was just one among the countless applications of the underlying technology that powers bitcoin and other digital currencies. The Blockchain technology can be seen as the basic infrastructure that these digital currencies exist on. The blockchain technology is a huge milestone for IT and inventions as a whole. It is the first man-made technology that has proven to be immune to all kinds of control, sabotage from a central entity. EVer since its incepttion, the technology has continued to grow progressively. New and advanced blockchains with better applications continue to emerge. However, despite all the great milestones blockchain has achieved, it still faces some problems.
PROBLEMS WITH EXISTING BLOCKCHAINS
The past few years has been good for blockchain technology, With the birth of Ethereum(blockchain 2.0) and the creation of smart contracts and decentralized applications(dApps) etcetera that gave blockchain technology a lot of new utilities. Yet, the blockchain still remains a fringe technology that is yet to achieve mass adoption. The perfect blockchain has 3 major attributes which are high level of security, fully decentralized and scabilty. But almost all blockchains we have today have failed to capitalize on these three combo attributes . Blockchains such as that of BITCOIN and ETHEREUM have proven to be secured enough but extremely poor when it comes to scabilty; with both only able to process less than 15 transactions per second. While others such as that of EOS and QTUM are scalable but not as secure and decentralized as a great blockchain should be. That's where UseChain kicks in.
INTRODUCING THE USECHAIN SOLUTION
In response to these problems, Usechain has come up with a platform that will proffer solution to the major problems associated with current blockchain framework. Usechain is a brand new blockchain ecosystem that will revamp the blockchain technology by powering it up with the three ultimate attributes of a perfect blockchain; attributes that current blockchains lack. Usechain will unleash the whole powers and reach of the blockchain technology by providing solutions to problems that currently stifle its growth and threaten its ultimate adoption by the mainstream. Usechain seeks to become the first truly-scalable , totally secure and fully decentralized . Bitcoin brought about the first phase of the blockchain world, Blockchain 1.0, and Ethereum provided a smarter option and birthed the Blockchain 2.0, Usechain hopes to be the new face of the blockchain technology by becoming the ultimate blockchain that is truly worthy of being captioned as the Blockchain 3.0.
ULTIMATE BLOCKCHAIN FOR EVERYONE
USECHAIN will revamp the blockchain game by achieving the impossible or at least what has so far eluded other existing blockchain platforms. Lack of the 3 key attributes that makes a perfect blockchain is what's stalling current blockchains , but Usechain is providing a blockchain platform that is capable of offering all the best features at the same time. Neglecting give-and-take compromises of most blockchain platforms , Usechain will offer a fundamentally different architecture altogether.
Usechain uses a first of its kind Mirror Identity blockchain architecture that runs on Randomized Proof-of-work(RPOW) protocol to aid it achieve maximum scabilty with the ability to process tens of thousands of transactions each second. Usechain will be equipped with a smarter smart contract thats ensures maximum trust in transactions.
Usechain's Mirror Identity Blockchain Architecture.
Among the core missions of the Usechain project is to make the blockchain technology widely accepted in various sectors and a must-have tech for all cadres of businesses and future IT-based solutions all around the world. In order to achieve that, Usechain sets out to lower the technical jargons required to create a useful decentralized application(dApps) or other blockchain-related services on its platform to the lowest possible method.
Just basic programming knowledge will be required to create dApps.
Usechain will ensure that blockchain technology will truly make an indelible mark on the modern society by eradicating issues that blockchains face. The UseChain team of developers consisting experienced IT professionals believe that the blockchain technology must be able to make access to decentralized value transfer as easily-accessible as possible, that is why the platform was carefully cut-out to have all the ingredients it needs to be successful and useful in our world today by breaking away from self-jinxing practices of present blockchain platforms.In the coming years, Usechain hopes to be the go-to infrastructure for future useful DApps, formally ushering in the dawn of the blockchain technology.
It is the clear that Usechain will definitely move the blockchain frontier forward thereby bringing about mass adoption of blockchain technology even in areas that the impact of this wonderful technology is yet to be felt.
WANT MORE INFORMATION ABOUT USECHAIN? Find more resources in the links below;
Author's BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1194610
You have a minor misspelling in the following sentence:
It should be believe instead of beleive.Thanks. corrected
Usechain is is another really great project, been interested in it since I saw it.
The project brings a lot to the table. You have an eye for good things i reckon ;-).
Usechain is is another really great project, been interested in it since I saw it.
It seems, good projects interest you. And I'm glad you found Usechain.
Well written i am bullish
Usechain is an exciting project with lots of potentials. What this platform has been able to achieve in terms of solving the scalability issues and other problems associated with current blockchain networks is sure to make it an industry leader. Thanks for this lucid explanation of what usechain is all about
Use chain is a packed project. With solutions for pressing Blockchain problems. Use chain will surely revamp the Blockchain technology and ensure it reaches its maximum potential.
Thanks for this wonderful piece. Now I know what existing Blockchains are lacking.
Existing blockchains have limited capabilities and lack in some areas as well. Especially scability.
Usechain will bring an awesome smarter, faster and better blockchain to the table that will ensure that blockchain reaches its maximum capabilities.
After reading your article I discovered that we really need better and smarter Blockchains. The crypto world is demanding for better Blockchains and Use chain is offering just that.
Yes, there is akways need for improvement and usechain will be a very good improvement for blockchain technology.
Coins mentioned in post:
I read the whitepaper of this project and it will be truly-scalable , totally secure and fully decentralized.