Usechain is a blockchain network providing organization. It uses multiple technologies in order to accomplish the actual marketable value by the contribution from the society. It investigates the Bitcoin and Ethereum network from numerous points of view. This will consist of the security, performance, risk, resources investment and the participation of the user. The platform also comes together with the technical and competitive compensation of the obtainable blockchain models. This even recommends the most reasonable compromising algorithms.
Importance of Decentralization
Usechain is one of the innovative creations for the unique consensus algorithm of RPoW. It emphasizes on the importance of decentralization process. The random method of the algorithm uses it assigning the different profitability for the people mining from the next block where everyone has an equal chance of getting the reward blocks. The algorithm of RPoW has the ability controlling the parameters in the mining probability as the difficulty in parameters will ultimately adjust the individual hashing power by mining the frequencies.
It works like the mining process that has never done before is making a comparison with high hashing power or mining frequency. The first person will have the higher probability of mining for the block rewards. Later it will be given to the higher difficulty level in the mining process. In such process, everyone using the service will get the equal chance to mine the block rewards promoting the decentralized network without any concentration to the hashing power to mitigate the risk of networking attacks or hacking.
Mirror Identity Protocol and RPoW
The combination of RPoW will have the identity protocol for helping the elimination process for being duplicated. This will need to create the anonymous accounts for mining so that the technology of identity will have the mapping in providing data for on-chain identity to off-chain to keep the data anonymous. This process will assure the public security and transparency process to the decentralized network. The RPoW algorithm consensus will reduce the collective hashing power for mining pool to minimize the power wastage by increasing the scalability for the entire system for more than 100 times.
Centralization Concept
The concept of centralization has been ingrained for the society to allow it longer for some bad actors. This conducts the financial crimes, camouflaging their presence, hiding towards the cross-border transactional records in with discretion, and unknown government regulators. The technological advancements are heightened through the difficulty levels for cracking down the financial crimes for making cross-border payment, transaction, remittance and identity tracking for becoming more sophisticated.
Sound Sharing Economy
Sharing autos, lofts or any venture is the urgent issue in sharing the economy in assume that can be settled by the use of blockchain innovation. Through the blockchain accounts, individuals can without much of a stretch track and know the dependability of the individual to be shared and will pay more to attend their own particular practices. The focal points may appear to be straightforward and neighborhood for a common economy where such financial model can give the sharing economy the larger amount of believability and shared trust inside the Usechain biological community.
This sharing financial model can be connected to the sensible, checked and permanent personality of record having comparable attributes. As the exchange accounts can be gotten to by anybody willing to, so any such get into mischief or wrongdoing can be confronted totally straightforward for examination.
Solution to Money Laundering
Usechain has taken necessary steps in terms of solving the problems of money laundering with the pressing issues to the society. The individuals and the business entities are the actual victims of such financial crimes. These crimes take place due to the risk of being fraud, losing of personal data, privacy, and security breach. Though there is still no real solution for countering the financial crimes.
Usechain is in the mission to develop the mirror identity of the blockchain ecosystem in terms of presenting some realistic solution to counter against the illegal financial activities.
The main features of Usechain ecosystem targets on identity, security, and privacy for some different aspects. This will use the Mirror Identity Protocol by the integration of the multi-levels of innovation in the technology and structural design providing the transparent mapping record for protecting privacy as well as ensuring security.
Website : http://www.usechain.net/
Whitepaper : http://www.usechain.net/usechain_en.pdf
Telegram https://t.me/usechaingroup
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1967064