We live now at a time in which the world is loaded with various technologies, thanks to which our life becomes much easier and better. Among all these technologies and innovations, an innovative discovery called blockchain (for those who forgot or did not know at all, blockchan new leap to the future is a technology that affects all areas of our lives, in other words, it's a way of storing some information, which is due to strict order and consistency). The world is changing and changing old technologies, new ones are coming in, blockchain is one of them. Blokchain technology is already widely used abroad, with the help of it make transactions buy goods and this is far from the limit of its capabilities. That's why I want to share with you such a project as UseChain, and together with you to analyze it. I also want to talk more about its merits and demerits.
As you guessed from my introduction, the project uses the technology of blockchain. If we study the project deeply, we can see that its main task is the merging of innovative technologies with autonomous identification. Why is this done, you ask, but in order to create a public ecosystem of blockchain, which will be based on a real identity check. In my opinion this is a great solution, if you compare most of these projects, then UseChain is far ahead. Also you may have a question, but why all this is necessary, why violate anonymity, which seems to be how to increase security? If we consider other projects, then we see that with an increase in anonymity, people's distrust also increases. According to the statistics, 99% of the projects on the technology block are anonymous, the UseChain platform aims to create a more transparent blockchain system that will be based solely on real identifiers. The project uses mirror-ID technology, which allows for maximum security.
We all know very well about the new currency called bitcoin (electronic money, which is very well appreciated). And as we know that with the appearance of something new and significant, a certain kind of problem arises. Since basically all the projects on the blockchain are based on bitcoin currency, problems also arise within the platform. Let's look at an example for all of us known Token Ethereum, which occupies the second most popular place and which led the innovation under the name of smart contracts and thereby showed to all of us that the technologies that are used in the cryptocurrency industry have no boundaries and are truly unique. But all would be nothing, if together with this all this did not cause a number of problems that are not so easy to solve. Let's look at the main problems that arise when introducing certain innovations and how the UseChain project handles them:
- Perhaps the most basic problem that all projects face and are trying to solve is the low ability to skip for processing transactions. According to statistics, about 80 percent of all projects suffer from this problem. For example, the Quark Chain project, which is generally good, if not for its bandwidth, which leaves much to be desired. This problem hinders the improvement of projects and the disclosure of all its possibilities. Also looking at the ancestor of the cryptocurrency, bitcoin, its throughput is only seven transactions per second, which is very slow. If you look at the etherium token, it also has not gone far from bitcoin, its throughput has slightly increased and amounts to twenty-five transactions. The UseChain project invests a lot of resources and forces to solve this problem, and promises stable and greater bandwidth.
- The problem with fraud. All projects, be they projects related to cryptocurrency or just any kind of projects, face the security of their data and various frauds. Take the case of the Experty project, the hacker managed to steal over 150 thousand dollars from users, you will agree a little. Often, the anonymity that users want to leave inside the platform, goes beyond it, this leads to all sorts of scams and frauds. The UseChain project thanks to the mirror identifier technology solves this problem.
- Problems with delay and instability. One of the many problems of large-scale projects is the problem with the instability of the platform (any malfunctions, delays in the network), which is very detrimental to the reputation and status of the platform. The project promises to completely solve this problem and minimize such situations.
- http://www.usechain.net/
- Whitepaper
- Bitcointalk ANN
diimazavr https://bitcointalk.org/index.php?action=profile;u=1080044
0xDaeb3f47f60FE496A0828DAA3939c168c971367B
