The alpha version of the Usechain (USE) mainnet is now live, after more than one year in development.
Usechain purports to be the first mirror identity blockchain project — but what does that even mean?
Randomized Proof of Work
According to Huining Cao, it’s all about Randomized Proof of Work (RPow). Cao told CNBC Africa’s Ran Neuner, according to a press release:
We map each person to the blockchain using Mirror Identity Protocol(MIP), so that each person can only have one account on the blockchain, there is a one-to-one correspondence. This allows us to use new consensus algorithm call Randomized Proof of Work(RPOW). Using RPOW, each account will receive a random number and this random number will be compared to a public random number to determine the likelihood of them to mine the next block. In this way, it will be very fast and energy efficient.
Providing Both Privacy and Regulatory Compliance?
The press release also notes that Usechain is apparently quite useful for law enforcement, as the network “can use…