Today we will consider a new promising block, called Credits.
Credits is a decentralized financial system created for direct impact between participants on the principles of P2P (peer-to-peer). It increases the potential for the use of financial services on the basis of a distributed registry, self-executing smart contracts. It should be noted that it is engaged in the unification of all participants in one place and thus provides them with a platform in which everyone can use the service or offer it.
The mission of this platform is to implement blockchain technologies and CREDITS crypto currency everywhere, and make decentralized relationships a reality, and these technologies allow this.
Advantages of Credits:
1. Allows the formation of financial services (money transfers, lending, exchange of currencies, valuables, etc. between all participants)
2. Customer demand
3. Experienced and qualified team
4. Transactions occur without additional intermediaries, and due to this service is more efficient, faster and more important - cheaper
5. The platform opens a new market with a huge amount of investment and a new potential for using blockchain in projects and services in different sectors that could not previously be used. High speed and low transaction costs are key benefits.
6. Almost ready alpha version.
Credits are the future that gives us unlimited possibilities! This platform is a new embodiment in the technical implementation of blockchain. Currently, there are many problems on the platforms, but one of the main limitations is network latency, because when creating these platforms, they were not designed for wide, massive use. These problems are solved by a new technological platform Credits, which is created on a new scheme for building a block system.
Disadvantages of Credits:
1. Financial restrictions - prices are increasing every year, and entering the market becomes more expensive;
2. Competition - there are a lot of companies on the market that are in constant development, there are no analogues to this idea, but in the next six months there is a possibility that it will appear;
3. Time - it takes some time to fully implement this product and bring it to market.
Since 2016, the guys have been working on the Credits platform and have carried out some parts of the project, namely:
1.Concept development;
2. Technical assessment;
3. Development of a prototype;
4. Development of MVP - currently there is an initial version of this product and its work can be checked on the website, the team receives a lot of positive feedback, a huge demand from users and experts and are happy to implement what has been planned.
In order to build a decentralized network that is based on free access, as well as on the site connection, several types of nodes are used:
- A normal node - it has a small trust factor, takes a role in validating transactions for validity, and also is an applicant for obtaining a trusted node, and also a node for the current processing in the future selection of the role of network nodes.
- The trusted node - participating in the transaction check and having the maximum trust coefficient, is the candidate for the role of the node of the current processing and the normal node. He can not become trusted during the mathematically calculated number of cycles of selection and voting among the nodes. The mathematical calculation depends on the number of nodes and the complexity of the network.
- The main node - is responsible for adding transactions to the register block, This node can not become a trusted node or the current processing node during the mathematically calculated number of voting cycles.
Each node that is connected to other nodes on the network and constantly exchanges new blocks with transactions for them, so that there is always relevant information. Together, the blocks form a set of transactions into bidders for other servers and the provided set of transactions. After all the data is checked, it is decided whether it should be added to the registry. When you get a volumetric saving on a set of servers - nodes of the system, all data is protected, the more nodes in the system, the more reliable and independent it is.
There is a consensus of Credits, its goal is to come to the final solutions that fit all the nodes of the network. It is needed to increase the speed of transaction processing, data security, and the processing and transfer of transactions. It is for this purpose that the Credits platform suggests using material incentives for supporting network nodes in favorable conditions.
Together, the technologies of the Credits platform provide an opportunity to get good network performance with significant security requirements.
Credits Credits
After starting the working version of the system, a fixed number of 1 000 000 000 units of CREDITS will be issued. They will be exchanged for ERC20 standard tokens issued on the primary sale of tokens. The exchange will be made at a fixed exchange rate: 1 ERC20 standard token = 1 CREDITS currency. The total expected amount of token sales is $ 15 million per round of ICO.
Against the backdrop of increasing problems with the Ethereum and Bitcoin network, Credits can be an excellent solution. A new super-fast and cheap block system is what is needed to successfully introduce crypto-currencies into real sectors of the economy. Probably, the project will collect all the necessary amount quickly enough, the growth potential - at the level of EOS or NEO. Expect to the moon !!!
ICO Details:
Date: 1.02 - 02.28.2018
Ticker: CS
Type of the token: ERC20
Hardcap: 2 0 000 000 USD
Price of the token on the ICO: 1 CS = 0.0002 ETH
Total tokens: 1,000,000,000
For Sale: 60%
Bonus: up to 30%
Payment: ETH, BTC
White list: yes
For more details please visit:
Official website: https://credits.com/en/ICO: https: //credits.com/en/home/ico
twitter: https: //twitter.com/CreditsCom
telegram: https: //t.me/creditscom
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