THE WORLD’S FIRST MIRROR IDENTITY BLOCKCHAIN
ABOUT USECHAIN
Usechain is dedicated to developing the first self-sovereign identity blockchain ecosystem. Based on existing blockchain technology, Usechain will introduce a high performance and secured consensus mechanism called Randomized Proof of Work (RPOW).
It is a combination of multi-level identity authentication and encryption mechanisms, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS) and other innovative technologies .
The Usechain foundation is establishing the first blockchain ecosystem that will be able to satisfy the above conditions and be applied to the mass market. The system has a new underlying blockchain framework and genuine identity features which is built on a high performance, secure and reliable infrastructure to deliver large-scale value to the masses.
Usechain has solid technological foundation, high performance security infrastructure and an identity mapping system, which will be able to apply to a wide range of identity applications. Based on the competitive advantage from commercial field and renowned business schools, Usechain can input high quality resources, uniting both companies and application platforms under the motivation of Usechain foundation, assisting the global community to stimulate the development of the ecosystem. This leads the industry into the era of blockchain 3.0.
To differentiate itself from the existing blockchain technology and to maximize the commercial value and social contribution to society, Usechain will undergo comprehensive upgrade using the following four aspects.
Strong Security: Based on POW consensus algorithm, the centralization of hashing power is reduced by random algorithm through possession of independent intellectual property rights. It can avoid double-spending attack, 51o attack and greatly reduce the probability of fork. This help to ensure network security and impartiality.
High Performance: Through possession of independent intellectual property using random algorithm. Blocks are mined based on each miner level of mining difficulty, adjusting virtual hashing power allocation to improve the efficiency of transaction verification as compared to POW. This provides the basis for mass adoption in the application consumer market.
Low Energy Consumption: Based on the characteristics of identity mapping, the blockchain network can greatly reduce the dependence on hashing power, minimizing the consumption of computing resources and energy consumption.
Public Participation: While ensuring security and efficiency, Usechain will be able to support mining through mobile devices due to low resource and energy consumption, allowing the public to participate in the ecosystem.
PRODUCT FEATURES
- Hardware-Based Performance Improvement
- Privacy-Protected Identity Application
- Boundaryless Identity Ecosystem
- Top Business School Supported
SOLUTIONS
Introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.
TOKEN DISTRIBUTION
- Volume: 20,000,000,000 UST
- Finite amount of UST created
- No inflation
- Maximum token amount for sale: 45%
- Marketing & Partner Support: 5% (with bounty comprising 6%)
- Community Rewards: 20%
- Technical Community Rewards: 15%
- Core Team: 15%
- Softcap: 1350 BTC
- Hardcap: 4500 BTC
- ETH(Ethereum), BTC(Bitcoin)
ROADMAP
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.
CORE TEAM
Henry CAO: Founder,CEO
Baohong SUN: Co-founder, CMO
Shengli ZHANG: Chief Scientist
Feng ZHANG: Senior Financial Specialist
Erik XU: COO
Andy ZHOU: CTO
Lin ZHAO: CPO
Amanda SHEN: PR Manager
ADVISORS
Lucas LU
Yin CAO
Shangjin WEI
Qian MA
Allen YAN
Stewie Zhu
MORE INFORMATION FOLLOW LINK BELLOW:
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Telegram: https://t.me/usechaingroup
Twitter: https://twitter.com/usechain
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1350925
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