Usechain: mirror blockchain

Platforms for blockchain are used for a variety of tasks: purchase of goods and services, communication, training, travel. User registration involves entering personal data, linking the account to a purse with a crypto currency, sometimes passing KYC involves downloading official documents. How securely the data are protected, can the blockchain offer a high level of confidentiality?

Developers Usechain offer a system of mirror-based authorization, built-in applications of third-party companies. The architecture is based on RPOW - Randomized Proof of Work algorithm, which checks randomly selected nodes connected to the network. This system construction excludes fraudulent transactions with customer accounts, speeds up the execution of transactions, creates a reliable network for storing large volumes of crypto currency in purses.

"Our system includes multi-stage KYC, all data is reliably protected," the user will say, and will be partly right. However, the architecture of most modern blockbuster platforms assumes centralization, therefore the information of users is vulnerable to the "51% attack".

How does the Usechain platform work and who will be useful?

The adaptive application Usechain includes a system for user identification, built-in financial services, a module for protecting ownership of content and decentralized management of access rights.

The target audience of the project is dApp developers, traditional tools, B2B segment and small start-ups based on decentralized architecture. Developers have created several layers of the application - a closed network, a data storage unit, a tool for earning tokens and smart contracts for transactions.

The platform is based on six blocks.

Multi-level authentication mechanism is a technology that links personal user data stored inside a network with a cryptographic address. Transactions record only the fact of correlation (similar to the shortcuts on the desktop), so personal information remains encrypted, invulnerable to attacks. Multistage authentication reduces the likelihood of falsification, the theft of commercial information.

RPOW Consensus mechanism - the developers have implemented Trusted Execution Environments, closed environments for conducting operations on trust management. All participants exchange encrypted data. Advanced POW engine checks for randomly selected transactions, this solution protects users from massive attacks.

Netword sharding technology based on the P2P protocol, which provides direct transactions. The addresses of the user's crypto-cash wallets are encrypted, transactions are confirmed by shardes - "pieces" of the source code, insufficient for hacker attacks. The lightweight architecture speeds up operations - parts are used instead of a full data set.

Identity Virtual Machine - built-in "virtual machine" for user identification. Flexible application with open architecture adapts to the selected type of block, external API. Built-in ability to create your own IVM, taking into account the architecture of the application. For example, a project running on Ethereum, goes to BTC - block. IVM from Usechain will initially work on both systems and protect user data.

Light node client - a simplified method for verifying transactions through nodes reduces the information load on the network, which increases productivity by maintaining a standard level of security.

Online fault tolerance is a tool for protecting against technical errors. In the event of a conflict between several forks, the disputed accounts will be frozen, and the rest of the network will continue to operate in the same mode. This solution protects Usechain from "51% attacks", allows you to quickly check suspicious users without harm to others.

Ecosystem Usechain takes into account the interests of ordinary users, software developers and creators of new solutions for the platform. For example, Usechain is used to create frameworks, implement new protocols for using IoT data and all other cases in which you need to protect personal information.

The architecture of Usechain connects the real world and the block of flats with a stream of sensory data that is encrypted and accessible at any time. The project is useful to the owners of the fin-platform: tools for the automatic issuance of loans, payments, analysts, online stores. The whitepaper of the project details the useful cases - possible scenarios for implementing Usechain in the sphere of lending, gambling, private insurance.

How does ICO Usechain take place and what is the project for the future?

The developers plan to raise $ 28.6 million, releasing 20 billion UST tokens according to the ERC20 standard. ICO project will begin on June 20, 2018, for payment accepted by BTC and ETH. Investors must pass KYC and join Whitelist in order to invest in the project.

Most of the released USTs (45%) will be implemented during the ICO, 20% are planned to be spent to reward members of the community, 15% of the tokens will go to the creators team, early investors, the technical support community. The remaining 5% will be invested in marketing, Bounty and the partner program.

The collected funds cover seven groups of expenses: 35% will be spent on finding and hiring qualified personnel, 20% are planned to be invested in marketing and insurance of unforeseen risks. The tenth part of the collected funds will cover the costs of further business development, 6% will be invested in consulting services, 5% will be spent on starting a business, 4% - legal support costs and the official registration of Usechain.

Usechain refers to global blocking projects, transforming the level of security in the crypto-currency environment, the industry as a whole. The project attracts massive investments due to the orientation towards a profitable B2B segment, as well as an adaptive approach to third-party platforms. More detailed information about the architecture and perspectives

Official sources

http://www.usechain.net/

http://www.usechain.net/usechain_en.pdf

https://bitcointalk.org/index.php?topic=3432061.0

https://t.me/usechaingroup

Author: https://bitcointalk.org/index.php?action=profile;u=2076422