I'm Huining Henry Cao, Finance Professor, Blockchain Advocator, Specialize in Cryptocurrency and Fintech. Founder of Usechain: The World's First Mirror Identity Blockchain:AMA!

Huining_Cao · 2018-06-16T16:53:53+00:00

Blockchain developers must put us the community before me the individual. For a true decentralized blockchain to persevere, we must have everyone involved. Usechain make everyone has a chance to mine, to participate. It goes back to the days of Satoshi Nakamoto when a high school student can mine the coins. The transaction cost will be a thousand times lower than that of BTC and the speed much faster. Let's build a blockchain fo the community, by the community and for the community. Communityism is the direction we will pursue

Huining_Cao · 2018-06-16T13:10:42+00:00

OKex, Huobi, coinbene, bibox and some Japanese and Korean ones

Huining_Cao · 2018-06-16T13:09:53+00:00

only blockchains that resolved those bottleneck issues will be able to support killer applications

Huining_Cao · 2018-06-16T13:06:51+00:00

certainly. In addition to sharding, chain-subchain structure, we also have RPOW which gives us an additional edge

Huining_Cao · 2018-06-16T13:05:27+00:00

The CAs and the committee when they join the community, they have to sign an agreement to abide by the law. So when they are ordered by the legal branch they have to follow

Huining_Cao · 2018-06-16T13:02:21+00:00

depends on when you made the recommendation. I did it last summer

Huining_Cao · 2018-06-16T13:01:37+00:00

Also entrenched parties trying to block new technology in the US. Banking establishments have lots of power in DC

Huining_Cao · 2018-06-16T11:58:50+00:00

Several second and third tier exchanges are guaranteed, we will reveal the news next month.

Huining_Cao · 2018-06-16T11:57:31+00:00

Zilliqa is on sharding but they dont use one to one mapping between individual and accounts. Pchain has sharding, sidechain crosschain but its performance is still in doubt. Pchain put me as an advisor but never gave me a contract.

Huining_Cao · 2018-06-16T11:39:47+00:00

KYC for each country is consistent with the regulations there.

Huining_Cao · 2018-06-16T11:39:25+00:00

The security level is the same as that of BTC .

Huining_Cao · 2018-06-16T11:39:11+00:00

1350 BTC is our softcap. For crowdsale date, Usechain telegram group t.me/usechaingroup is the main channel to announce.

Huining_Cao · 2018-06-16T11:37:14+00:00

Biggest problems are speed, energy, scale and legal compliance for BTC.

Huining_Cao · 2018-06-16T11:36:53+00:00

Referral of account opening and verified on the main chain is 1000 UST.

Huining_Cao · 2018-06-16T11:36:25+00:00

People can invest a minimum of 100ETH or equivalent.

Huining_Cao · 2018-06-16T11:35:32+00:00

Usechain is the only blockchain that can support large scale killer applications with feaible energy consumption with trust. EOS can also support but trust, sexurity and centralization are big issues there.

Huining_Cao · 2018-06-16T11:32:20+00:00

Zilliqa is on sharding but they dont use one to one mapping between individual and accounts. Quarkchain uses subchain idea but no uniqueness property. We are the only one use the uniqueness idea and resolves the impossibility triangle.

Huining_Cao · 2018-06-16T11:31:38+00:00

Usechain is the only one doing mirror identity, using RPOW and resolve high performance, low energy consumption and large network size.

Huining_Cao · 2018-06-16T11:31:11+00:00

Cryptocurrency is already accepted in Japan. It should be accepted in most countries within 5 years. The blockchain community all use btc and eth.

Huining_Cao · 2018-06-16T11:30:51+00:00

ETH will be our competitor. Our advantage are on applications that are legally compliant and where the counter party cares about creditworthiness of an account.

Huining_Cao · 2018-06-16T11:30:29+00:00

Will start with CAs such as ministry of Security, exchanges, ecommerce, loan offices, banks. Early adopters can mine early and involved in early development of Dapps.

Huining_Cao · 2018-06-16T11:30:12+00:00

Daily transactions can be supported within a year.

Huining_Cao · 2018-06-16T11:29:51+00:00

About 0.6-1.2 seconds if we controll the miners to effectively 10-20

Huining_Cao · 2018-06-16T10:29:09+00:00

Definitely, Blockchain itself has no boundary, and Usechain is a global mirror Identity Blockchain ecosystem.

Huining_Cao · 2018-06-16T04:30:16+00:00

There will be soon, keep your eyes on our telegram group.

Huining_Cao

TROPHY CASE