In our time, more attention is paid to the privacy of the user and the current technology is a reasonable question. For example, how to achieve sufficient privacy of the user, while being able to identify it. Blocking is now based on various principles of anonymity of users, which makes it not quite suitable for practical use by those who build their business on consumers. Conditional blocking at the moment can be divided into three categories:
- public blockade (where identification is almost not important)
- block-based, based on the consortium (there is identification, but there is also a problem - the more the network becomes, the lower its throughput)
- private block (certified secure nodes)
Thus, this project will be of interest to everyone who has something to do with the blockbuster, but first of all entrepreneurs who own blocking applications and businesses.
A new voting mechanism (consensus) is used to combine performance and safety and find the optimal balance between these two values. The goal is to create new technologies that lead to new generations of block systems.
This is what Henry Cao, the founder and CEO of the system, says about the system. "We are also building a mirror-like parallel parallel world where people in the environment can conduct financial and non-financial operations in a similar way as they do in the real world."
How can the system help in practice? For example, you can understand, in front of you on the block machine machine (robot) or a real person (the check is performed using social networks and assistants). Another example, an innovative consensus algorithm will help simultaneously to increase the speed of transactions, reducing power consumption, and make it impossible to hacker attack. A conventional DPOS protection system can also achieve this speed, but it will be extremely vulnerable to hackers.
Since 2016 the company has started to study the technology of blocking. In 2017, the Usechain project was launched officially, in early 2018 - planned to create an address certification service, in the second quarter to develop a system for protecting confidentiality and attracting to the ecosystem 50K + people. In the third quarter of this year, launch a beta version of the main chain, reach 100K + a person in the community, run DApp.
Source code: https://github.com/usechain
Technical paper gives an understanding of the technology, formulas are given, explanations, so if you want, you can understand them, the information is there, and this is plus to the project.
Comparative characteristics are given in the table:
Conclusions
If everyone completes, instead of leaving in endless developments (and they are likely to finish), then the project promises to be successful. Perhaps it will take him some time to become popular (as well as everything new).
Pros:
- New unique technologies that meet the requirements and challenges of the time.
- Developments since 2016
- Serious partners, whose support was secured by the project (more about them on the site).
- The list of partners is constantly updated, as can be seen from reports in social networks.
- A serious team that can bring the project to really practical applications.
- Very active sots.seti, in general many international events, including live broadcasts, where you can ask questions to the founder, for example. It
- can be seen that the project is alive and it arouses genuine interest.
- High indicators for social networks (Telegram 60K, Twitter 3K)
Minuses:
- Pretty high hardcup for blockage (30 million)
- Not very clear site, does not give an idea of what issues the new ecosystem solves.
- Quite difficult to understand the technology, even for those who are familiar with the blockbuster, but for those who first encountered it - an
- almost unattainable task, to understand what the project is for.
- Many complex technical terms that do not help understanding the project.
- A fairly high entry threshold (1ETH)
You may need the following links for a more detailed introduction to the project:
Web - https://usechain.net/
WP - https://www.usechain.net/usechain_en.pdf
Twitter - https://twitter.com/usechain
Telegram - https://t.me/usechaingroup
Facebook - https://www.facebook.com/UsechainFoundation/
Bitcointalk Username: km4700ruda
0x9d22372801F770e79AD77C4618e9F7326f38474b
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nice project, you got resteemed