Usechain solves the problems of trust on the blockchain

Usechain - the project incorporating a lot of innovative technologies in the field of blockchain, but its main innovative advantage is the use of a protocol that turns the process of user identification, but has its advantages.
Previously, the blockchain platforms were kept open and trusted by the users to each other. Despite the fact that all transactions are visible on the network, no one could find out who exactly does it and for what purpose. In addition to the problem of users' trust, Usechain is trying to create an improved blockchain system to become even closer to the blockchain of the next (third) generation.
The developers plan to create an ecosystem for many applications from various industries, uniting them for the convenience of users and developers.
The creators of Usechain call their innovative algorithm "mirror". It was created to solve the problem of trust between users within the framework of the blockchain, arising from their anonymity. In addition, the project is working to minimize costs in the form of electricity consumption and technical barriers that arise on most blockchain networks, it hinders their work and narrows the circle of involved users.

What is a "mirror" algorithm?

The "mirror" algorithm is responsible for correlating the users' addresses on the blockchain and the people standing behind them, it will solve the problem of identifying platform participants. In addition, users will know that each of them is checked and trusted, personal information will be carefully hidden, which preserves the confidentiality of the platform participants. Usechain provides a guarantee that personal data of users will be stored securely and in no case will be opened to other users. In this case, all transactions within the framework of the platform will be transparent.
The verification of users is a long and extremely expensive process. However, Usechain solves this problem because it meets the standards of users’ verification, while significantly reducing the cost of its passage. Comparing the identity of a person with his address on the blockchain Usechain increases the credibility, while maintaining anonymity for users. Thus, the platform can be used by everyone, from simple people to entire corporations, in completely different spheres.

Project advantages

Among the advantages of the platform are:

• Security
• Reliability
• Developed infrastructure
• Convenience for users and developers
• Opportunity to participate in the development of a platform for all comers
• Reduction of electricity consumption compared to conventional blockchain systems
• At the same time, maintaining high productivity
• Use of user verification, consisting of several levels, provides a strong connection between the user and his actions on the platform or its accumulations in the cryptocurrency, while this information is reliably protected.
• At the same time, the technical characteristics of the platform make it possible to increase the speed of transactions while reducing electricity consumption, which makes mining within this platform very simple and inexpensive.
• Authentication algorithm created by Usechain is responsible for the fact that the user can perform any actions only through his accounts and applications.

Usechain Token

• Token: UST
• Type of the token: ERC20
• Total released: 20,000,000,000 UST
• Maximum amount of tokens for sale: 45% (9,000,000,000)
• For marketing and partner support: 5% (+Bounty program 6%)
• Softcap: 1350 BTC
• Hardcap: 4500 BTC
• ETH (Ethereum) and BTC (Bitcoin) are accepted for payment

Project team

A good team, standing at the origins of any project, constitutes a large percentage of the success of any undertaking. People who have extensive experience in their field, professionals in their field, people with prestigious education and experience of participating in other ICO projects - all of them testify to the professionalism of the team.

The Usechain platform has a solid foundation in the form of a team, among whose members there are several scientists and professors in finance, marketing and blockchain technology, experienced developers, a financial expert and an information security specialist. These people worked and received education in several countries: the US, China, etc., but the company that founded Usechain is located in Singapore.

The official website of the project, usechain.net, lists ten of its founders, about which you can find out more information there or by visiting the profiles of these people on Linkedin:
Henry CAO
Baohong SUN
Shengli ZHANG
Feng ZHANG
Erik XU
Andy ZHOU
Lin ZHAO
Amanda SHEN
Gengnan SONG
Liang ZHANG

Conclusion

Different industries need innovation with the help of a blockchain, and with its use and modernization of the existing system. Therefore, the Usechain platform will be in demand, as it is convenient and has many advantages, being the next step on the way to creating a new generation of blockchain.
The problems of electricity consumption, transaction speed and, most importantly, trust between users - all this is solved within the framework of Usechain. Thanks to the creation of an innovative user identification system, which is primarily useful in the financial sphere, insurance,lending, etc., the Usechain platform will gain its users. In addition, today's evolving sphere of information technology requires reliable, fast, safe and inexpensive identification of users even more often. We believe that the platform will soon be able to implement its plans, as it has already attracted enough interest.