CREDITS is a blockchain platform (protocol) with its own internal cryptocurrency CREDITS (CS). It is a new and unique technical implementation of blockchain technology, smart contracts, and data protocol. The CREDITS platform is designed not just for the financial industry. However, financial operations represent the main consumer of the blockchain technologies and now it demands a product capable of performing all the tasks set for business and users.
CREDITS platform has its own unique features built on the principles of blockchain technology: block storage system, decentralised storage, the presence of independent nodes, the consensus model, the internal cryptocurrency CREDITS etc.
CREDITS strive to achieve unique technical parameters of the network –
- up to 1,000,000 transactions per second.
- The average processing time of each transaction is 3 seconds
- a very low cost of each transaction reaching a hundredth of a percent.
CREDITS have developed MVP (Minimum Viable Product) and have confirmed the technical feasibility of implementation by industry experts. here
What Distinguishes CREDITS From Others?
Primarily, they have developed a very unique architecture that allows you to achieve a level of performanec that is unattainable by other platforms: speed of transaction is 3 seconds and the total number of operations ranges from 500 thousand to 1 million per second at a low transaction cost. The platform has a unique structure designed specifically to achieve certain technical characteristics.
ARCHIVING –Compressing information up to 90% allows both reducing the time to load data, and also saves the space of servers used for storage in network nodes.
HE BLOCKCHAIN/ REGISTRY STRUCTURE – An array of data and transactions stored in the registry having a sequence number and hash at the current processing node. All verified transactions are loaded to the main node, and a list of candidates from which the register is formed is compiled.
ASYNCHRONOUS WORK OF CONSENSUS – Asynchronous work of consensus is parallel processing and building a whitelist of transactions. After the new processing node appears (is registered) the network, all newly loaded transactions are selected from it, a list of candidates is compiled and the whitelist is started. A signal is also sent to the network for the remaining nodes on the start of a new round of consensus.
NO MERKLE TREES – The Merkle tree is an algorithm (function) for finding a unique file identifier. CREDITS suggest using another faster function to find the last saved registry.
CREDITS Legal Advice
The CREDITS Foundation, which is located in Singapore, is specially created for the development of the platform. After the completion of development and release, this company will be the sole and official representative of the platform. Address 79 Ayer Rajah Crescent
#05-08 Singapore 139955
Credits will sell the tokens standard ERC20 on the Ethereum platform. In the future, after the release of the platform, the ERC20 standard tokens will be exchanged for the CREDITS crypto currency, which is the only payment currency of the platform. ICO will be released at 1 bil tokens standard ERC20. Within a few weeks CREDITS ERC20 standard tokens will appear on a number of crypto-exchange exchanges for free circulation. To participate in the ICO on the official site credits.com, you will need to buy CREDITS tokens ERC20 to have a wallet and an account in the Ethereum system.
- Token: CS
- Supply: to be announced
- Platform: ERC20
- Accepting: ETH