UNDERSTANDING THE CONCEPT OF USECHAIN'S ORIGINAL RPOW CONSENSUS ALGORITHMS, AND THE RELATIONSHIP BETWEEN RPOW AND OTHER CONSENSUS ALGORITHMS
Usechain is applying the blockchain system to attain a real value in the mass-market and contribute to the society. It examines existing cryptocurrencies (Bitcoin and Ethereum) network from a lot of perspectives. That also includes risk, safety, effectiveness, participants’ contribution and resources investment
.
It merges various technological and other things that placed existing blockchain models above the competition to bring forth the possible consensus algorithm known as RPOW (Randomized Proof of the work). RPOW was founded on identity mapping to seek a new answer to blockchain shortcomings.
Being the first mirror identity blockchain system, Usechain did not reduce risks and problems alone but also makes the RPOW consensus algorithm come into play. The dangers and difficulties were due to the fact that some people aim to govern most of the nodes because of unknown surplus addresses.
Based on POW, the random algorithm that has intellectual property rights can demote the centralization degree of hashing power. Also, it can fight against double spending attack as well as attack initiated by fifty-one percent hash power. That will lessen the chance for a fork to occur and guarantee the security and fairness of network to the optimum level.
With the use of RPOW (Randomized Proof of the Work), all the block will make miners experience distinct difficulties during when adjusting the distribution of harsh virtual power. That action can suddenly boost the efficiency of transaction confirmation rooted on POW and create the basis for realizing the consumer use.
Since its security and efficiency has been maximized, Usechain will approve mining via mobile devices because it requires fewer resources and energy usage. Furthermore, that will enable the public to partake in the ecosystem.
In the future, Usechain aims to build safe, high a performance, attack- resistant and hardware rooted on Trusted Execution Environments (TEEs) to reach an advanced level of RPOW consensus algorithm to further improves its security and effectiveness. The proposed hardware will be used by people day in day out. Besides, it will generally be used on Smartphone, Pad, PDA, smart watches, bands and other mobile/smart devices.
RPOW Consensus algorithm mechanism
Based on its hardware built on RPOW consensus algorithm and secure, high a performance, attack resistant Trusted Execution Environments (TEEs), the Randomized Proof of Work (RPOW) consensus algorithm can make possible verification of transaction within the twinkle of an eye. Provided that there are lower energy use and an impartial environment for mining operations.
At the same time, the combination of decentralized and distributed ledger made it possible for synergetic communication and resisted attacks. In addition, it can attain the status needed by application regarding speed, cost, and scale.
Usechain Token Metrics
Ticker: UST
Token type: ERC20
Fundraising Goal: 34,600,000 USD (4,500 BTC)
Total Tokens: 20,000,000,000
Available for Token Sale: 45%
Accepts: ETH, BTC
Usechain Team members
Usechain Advisors
Conclusion
The RPOW consensus algorithm was part of the factors that made it possible to maximize Usechain commercial value and contribution to the society through upgrades in the security aspect. Besides, that was one of the characteristics that differentiate it from all existing streams of technology in blockchain.
For more information about this ICO please go through the following links:
Website: https://www.usechain.net/
White paper: http://www.usechain.net/usechain_en.pdf
Medium: https://medium.com/usechain
Twitter：https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation
LinkIn: https://www.linkedin.com/company/usechain/
Telegram：https://t.me/usechaingroup
reddit：https://www.reddit.com/user/Usechain/
instagram：https://www.instagram.com/UsechainOfficial
Author's Bitcointalk Profil Url; https://bitcointalk.org/index.php?action=profile;u=1675399;sa=summary
Usechain will be designed to handle large-scale transactions to
meet demands from millions of users at the same time and to
manage the huge range of commercial and social applications on
the platform.
Usechain can continue inputting high-quality resources and
uniting leading companies and application platforms under the
motivation of Usechain foundation
As the first identity mirror blockchain ecosystem, Usechain will continually build the platform and input high-quality resources based on solid technology foundation and commercial and academic support from top business schools
Usechain will be able to be applied to a wide range of
applications scenarios requiring identity.
Usechain establishes a multi-level
correspondence mechanism between the on-chain address and
the identity of authenticated users
Usechain takes adding value to identity as the core idea and aims
to build a new commercial model of blockchain based on MIP and
the multi-level reorganizations in underlying level
Usechain will promote the development and iteration of
commercial projects together with leading commerce and
application platforms in various industries
Usechain Architectural design includes application service,
application components, application protocol and core framework
of underlying public blockchain.
As the Usechain ecosystem continue to be improved, the
behavioral data generated by people, events and objects within
the identity-based ecosystem will be transparent, open and
irreversible
High-performance
and decentralized exchange in Usechain ecosystem makes it
possible for values in any forms to flow and operate efficiently.