[ANN] Usechain - MIRROR IDENTITY TO USE| INNOVATIVE RPOW

[Usechain Foundation LTD]

What is the development plan, in which countries will the service be available first?

Our plan for Q3 2018 is to list UST on exchanges, release the Usechain testnet, and launch the first DApp in the Usechain ecosystem. We then plan to release the Usechain mainnet in Q4 2018. A detailed roadmap can be found on our whitepaper at https://usechain.net/usechain_en.pdf.

The Usechain platform will be available worldwide.

[Usechain Foundation LTD]

When tokens will be trading on exchanges? Market started grow and now is a good time for listing. With top exchanges it can be a good profit

We plan to list UST on cryptocurrency exchanges this quarter.

[jorikrevazov]

When tokens will be trading on exchanges? Market started grow and now is a good time for listing. With top exchanges it can be a good profit

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[Usechain Foundation LTD]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

[chamika888]

There are a lot of Blockchain Projects that are based on the same idea and vision and they must acknowledge the fact that they'd face a lot of competition since the market is already saturated with similar offerings.They are planning to be the one of the few projects that work on the so called "Blockchain 3.0" which includes of a lot of new and previously used Blockchain Technologies that help in a better and optimised working of it.
They seem to have a great advisory board and the only place that they seem lacking is in their Team department, which doesn't have quite the numbers as well as lacks the presence of good Software Developers. Though, they have got a lot of Blockchain experts on board and they seem to be a bit versed with developing software products.Thus, it just remains to be seen if they can deliver on their promises in order to become a viable or an alternative player in this field.

[rikkur]

Hi! Is there any information about when the team plans to unlock tokens and distribute tokens for the bounty participants?

[Usechain Foundation LTD]

Hi! Is there any information about when the team plans to unlock tokens and distribute tokens for the bounty participants?

Yes! Tokens are locked until UST is listed on exchanges (mid-August) and bounty tokens will be distributed this week.

[dzonikg28]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

At lot of stuff in that one paragraph As for the mirror identity protocol, does it mean that every user of the network has to disclose ID information to the network while keeping control over it and once ID info is required from an APP or something else, the user can provide that info? Will it be with zk-proofs?

[Usechain Foundation LTD]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

At lot of stuff in that one paragraph As for the mirror identity protocol, does it mean that every user of the network has to disclose ID information to the network while keeping control over it and once ID info is required from an APP or something else, the user can provide that info? Will it be with zk-proofs?

Network users will disclose identity information to a reliable third-party certification agency, but not directly to the blockchain. Communicating identity authentication to the blockchain will indeed be done through a zero-knowledge proof. While there will be no identity information stored directly on the main chain, the interface will contain relevant calls for identity information that support a variety of different requirements for applications that involve identity.

[NakiRR]

There are a lot of Blockchain Projects that are based on the same idea and vision and they must acknowledge the fact that they'd face a lot of competition since the market is already saturated with similar offerings.They are planning to be the one of the few projects that work on the so called "Blockchain 3.0" which includes of a lot of new and previously used Blockchain Technologies that help in a better and optimised working of it.
They seem to have a great advisory board and the only place that they seem lacking is in their Team department, which doesn't have quite the numbers as well as lacks the presence of good Software Developers. Though, they have got a lot of Blockchain experts on board and they seem to be a bit versed with developing software products.Thus, it just remains to be seen if they can deliver on their promises in order to become a viable or an alternative player in this field.

what about "based on same idea", as far i know it is due to the reason that there is no exist another method to achieve high scaleability, we now have only 2 methods: increasing block size and the second one is the sharding technology implementation. So, to date we have really a lot of new blockchains with the same technologies on board but with another name) But in case of Usechain we have 2 differences, own consensus algorithm RPOW and Mirror Identity technologies. You can find information about them in project's whitepaper, i like what i have read there.

[vothuong1]

There are a lot of Blockchain Projects that are based on the same idea and vision and they must acknowledge the fact that they'd face a lot of competition since the market is already saturated with similar offerings.They are planning to be the one of the few projects that work on the so called "Blockchain 3.0" which includes of a lot of new and previously used Blockchain Technologies that help in a better and optimised working of it.
They seem to have a great advisory board and the only place that they seem lacking is in their Team department, which doesn't have quite the numbers as well as lacks the presence of good Software Developers. Though, they have got a lot of Blockchain experts on board and they seem to be a bit versed with developing software products.Thus, it just remains to be seen if they can deliver on their promises in order to become a viable or an alternative player in this field.

what about "based on same idea", as far i know it is due to the reason that there is no exist another method to achieve high scaleability, we now have only 2 methods: increasing block size and the second one is the sharding technology implementation. So, to date we have really a lot of new blockchains with the same technologies on board but with another name) But in case of Usechain we have 2 differences, own consensus algorithm RPOW and Mirror Identity technologies. You can find information about them in project's whitepaper, i like what i have read there.

Many ICOs projects are nothing but a white paper stage, USECHAIN vision is ambitious and they also have a reputable, knowledgeable, and reliable team with strong academic and fin tech experience

[vothuong1]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

At lot of stuff in that one paragraph As for the mirror identity protocol, does it mean that every user of the network has to disclose ID information to the network while keeping control over it and once ID info is required from an APP or something else, the user can provide that info? Will it be with zk-proofs?

Network users will disclose identity information to a reliable third-party certification agency, but not directly to the blockchain. Communicating identity authentication to the blockchain will indeed be done through a zero-knowledge proof. While there will be no identity information stored directly on the main chain, the interface will contain relevant calls for identity information that support a variety of different requirements for applications that involve identity.

Is this the same zero-knowledge proof technology as in Monero and Zcash? Whats the similarities and differences?

[Usechain Foundation LTD]

Good news! Usechain first telegram AMA will start at 10AM GMT+8 on July 9th! Pls be free to ask everything you want to know about Usechain and Usechain COO Erik Xu will answer for you patiently!!!
https://scontent-hkg3-1.xx.fbcdn.net/v/t1.0-9/36774749_220679941892580_3286677084214132736_n.jpg?_nc_cat=0&oh=373c50d0b070bc780fe0e959a2e260a7&oe=5BDB3BD3

[Usechain Foundation LTD]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

At lot of stuff in that one paragraph As for the mirror identity protocol, does it mean that every user of the network has to disclose ID information to the network while keeping control over it and once ID info is required from an APP or something else, the user can provide that info? Will it be with zk-proofs?

Network users will disclose identity information to a reliable third-party certification agency, but not directly to the blockchain. Communicating identity authentication to the blockchain will indeed be done through a zero-knowledge proof. While there will be no identity information stored directly on the main chain, the interface will contain relevant calls for identity information that support a variety of different requirements for applications that involve identity.

Is this the same zero-knowledge proof technology as in Monero and Zcash? Whats the similarities and differences?

Not quite. When the user opens their public address, they ask a multiple key management committee to verify the certificate given by the certification agency. Then the committee uses a secret sharing procedure to convert the certificate to a public address, so that in order to recover the certificate multiple signatures are required. The use of multisignature is similar to the ring in Monero.

[Usechain Foundation LTD]

Good news! Usechain first telegram AMA will start at 10AM GMT+8 on July 9th! Pls be free to ask everything you want to know about Usechain and Usechain COO Erik Xu will answer for you patiently!!!
https://scontent-hkg3-1.xx.fbcdn.net/v/t1.0-9/36774749_220679941892580_3286677084214132736_n.jpg?_nc_cat=0&oh=373c50d0b070bc780fe0e959a2e260a7&oe=5BDB3BD3

Congratulations for the first Telegram channel of Usechain project!
By the way, I would like to ask for information on Usechain bounties.
In the Bounty Topic, the application forms have been closed.
Do I have opportunity to join Usechain bounty, in particular Bitcointalk signature campaign?

Thank you! It is not our first Telegram channel, but our first Telegram AMA will start at 10AM GMT+8.

Unfortunately, our bounty program has closed as of right now. However, we will announce a new bounty program format soon, so please check back later!

[dzonikg28]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

At lot of stuff in that one paragraph As for the mirror identity protocol, does it mean that every user of the network has to disclose ID information to the network while keeping control over it and once ID info is required from an APP or something else, the user can provide that info? Will it be with zk-proofs?

Network users will disclose identity information to a reliable third-party certification agency, but not directly to the blockchain. Communicating identity authentication to the blockchain will indeed be done through a zero-knowledge proof. While there will be no identity information stored directly on the main chain, the interface will contain relevant calls for identity information that support a variety of different requirements for applications that involve identity.

Ok but doesn't that also create a lot of risk if a third party certification agency holds all the ID info of people? Are there ways to abuse that ID info or how will it be tied to the original owner? Just trying to understand the full scope of your protocol.

[Usechain Foundation LTD]

It's also a dangerous system if someone successfully steals or fakes identity. Unless it can be made impossible to fool the system.

In our system, no identity information is stored on the blockchain. Identities are verified through a third-party certification agency, and then a zero-knowledge proof is used to communicate to the blockchain that the identity is verified without disclosing any identity information. You would need the agreement of multiple actors in order to trace someone's identity from their address, but these actors are bound by contract to only cooperate in situations such as government compliance and to not act maliciously.

I see, so what is the main purpose of your network? Is it mostly about the innovative proof of work?

Besides the use of innovations like RPOW and sharding, Usechain is special because it will be the first public blockchain built on a mirror identity protocol. Through technological innovations and adding the dimension of identity, Usechain will solve the Impossible Trinity and achieve a balance between scale, security, and decentralization. In addition, Usechain's mirror identity protocol supports KYC and government compliance, so the blockchain can provide infrastructure for decentralized apps in various industries that require identity information. Hence, we see Usechain as a leader of the Blockchain 3.0 era, where blockchain can truly be integrated into financial services, sharing economy applications, and more.

At lot of stuff in that one paragraph As for the mirror identity protocol, does it mean that every user of the network has to disclose ID information to the network while keeping control over it and once ID info is required from an APP or something else, the user can provide that info? Will it be with zk-proofs?

Network users will disclose identity information to a reliable third-party certification agency, but not directly to the blockchain. Communicating identity authentication to the blockchain will indeed be done through a zero-knowledge proof. While there will be no identity information stored directly on the main chain, the interface will contain relevant calls for identity information that support a variety of different requirements for applications that involve identity.

Ok but doesn't that also create a lot of risk if a third party certification agency holds all the ID info of people? Are there ways to abuse that ID info or how will it be tied to the original owner? Just trying to understand the full scope of your protocol.

A secret sharing scheme is used to convert the identity certificate to a public address, so in order to tie a public address to identity information you would need multiple signatures from committee members legally bound not to act maliciously.

[lonely_one]

Thank you! It is not our first Telegram channel, but our first Telegram AMA will start at 10AM GMT+8.

Unfortunately, our bounty program has closed as of right now. However, we will announce a new bounty program format soon, so please check back later!

I wish Usechain team will open new BTT signature bounty next time.

[Usechain Foundation LTD]

Check out to see what happened in the past two weeks! 
https://medium.com/usechain/usechain-bi-weekly-publication-25-06-08-07-out-now-9af2729e91b2
https://cdn-images-1.medium.com/max/800/1*-DQZRNcKRBr6wFgSYyey_w.png

[Usechain Foundation LTD]

Hey guys, here is a selection of Usechain telegram online AMA on July 9th! Thank you for all your support and we hope all your questions were perfectly answered! Now check this link out to see more details~  https://medium.com/@usechain/summary-of-usechain-telegram-online-ama-on-july-9th-52f36f12e802