Blockchain Technology, which was embodied in the Bitcoin crypto currency, today is a revolutionary, formed and received its recognition in 2009. Its authors were able to gather together all the innovations of that time and make them work in a new form, in the form of electronic money, which gave unprecedented advantages that will soon be in demand in many sectors of the world economy. But not everything is so smooth. Notable advantages, which are written about a lot and everywhere, are burdened with subtle but significant shortcomings that need their solution. Here about them we also will talk, how much they are surmountable:
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To maintain its functions, the blockchain consumes a lot of electricity, since it requires complex and expensive calculations and the cost of large equipment, which harms the ecology of nature;
the interest of citizens to new electronic money is steadily increasing, people want to invest their savings in a new type of business, but the imperfect legal base of the emerging market is crypto-currency, until it has clear protective mechanisms against the scammers' encroachments on their online purses, which does not guarantee the safety of the invested funds;
the general level of the population's consciousness does not yet allow us to objectively assess the advantages of the innovative and progressive blockchain industry, so it's still a bit early to raise the question of its introduction and development in place of an established financial structure;
due to the complexity of the blockchain structure itself, its distribution on all computers, the transaction in it is still slower than traditional payments on the debit card, which creates a tangible difficulty in applying this technology in the real world, for example, the seller of a cup of coffee in a summer cafe will wait for payment for several hours;
banks are not interested in the development of the blockchain industry, and this is reflected in their influence on government and legislative structures, which hampers the development and implementation of electronic money;
because the information in the locker is kept forever, which requires a constant increase in memory, the question arises about the technical capabilities of the equipment itself, since the volumes of modern hard disks do not meet these requirements.
There are all new alternatives that try to solve these problems in different ways and this is to some extent possible, because technological progress is inexorable, it is moving forward. And in 2018 a new project is entering the arena of technical innovation, which promises to find its solutions to these issues. And this is Usechain .
What is Usechain
Usechain is an innovative, high-performance and convenient blockchain system that can be used in everyday life. A feature of the system is the relationship between the on-line purse and the person's personality. This leads to increased use of blockchain in various spheres of life. This is the first platform based on mirror identification, which should be implemented in a decentralized world platform that unites communities of people who use a huge variety of applications based on advanced technologies.
Usechain Properties
The basis for developing the Usechain platform was innovative principles: to combine the banking system, the identity of the user and transactions on the platform. Technically, the project tries to achieve the coordinated effect of a multi-level authentication and encryption system, using new algorithms, such as: RPOW (Randomized Proof of Work), Zero Proof, Identity Virtual Machine (IVM), Bypass Identification System (INS), Sharding Identification transaction ITS), Enhanced Smart Contract, to balance the high demand for high-performance transactions with guaranteed protection against a background of overall reduction in power consumption. Blockchain's technology from Usechain with its smart contracts makes it affordable for use and for the price of the Dapp application, providing them with support in many industries. Eventually,
The work of the system and its advantages are described in more detail in the WP of the company .
Scope of Usechain
Usechain is a project created for application in the financial sectors of the economy where it is necessary to confirm the identity of the user: payment systems, insurance, crediting, crypto-exchange exchanges, in managing capital and forecasting the foreign exchange market. And also to ensure the security of the Internet itself. It meets the requirements (KYC) of "know your customer" of ordinary government agencies, which extends the scope of its applicability and universality.
Development team
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Tokensale
Token: UST;
Type of the token: ERC20
Soft cap: 1350 BTC;
Hard cap: 4500 BTC;
Accepts: ETH, BTC
Total tokens for sale: 9000000000;
The price for the token is now on private sale: 1BTC = 2000000 UST;
At the moment there are no open sales, but a white list is open. .
conclusions
This project is only in development, there are many competitors, there are as yet no ratings on ICO-portals, except for Trackico.io-3.1, which gives a low rating, and the tasks that its developers set themselves for solving are ambiguous. But the main goal-application in real life, this is a very strong argument in support of the efforts of a professional team. Only that on May 23 in the Telegram-chat of supporters of the project there are more than 58000 people, gives confidence in the forces of developers. Let's wish them good luck!
Get more information about the project you can follow:
Usechain: http://www.usechain.net
And also in Whitepaper (white paper of the project): http://www.usechain.net/usechain_en.pdf
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