Cyclic
process

The ability to use the smart contract features of the Credits blockchain to create repetitive actions within the blockchain network and call and interact with external IT systems outside of it*.

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Cyclic invocation of methods in the smart contract that supports the appeal of the smart contract to a third-party applications

Cyclic call to action within the network, the Credits server or IT system or actions inside the smart contract

Automation of processes

A cyclical launcher service is a service that periodically executes a specific method of smart contracts. It is important for all solutions that require repeated or regular execution of certain operations.

The service can coordinate the periodic launch of smart contracts on the nodes throughout the network and call external IT systems connected to the Credits blockchain. Performing tasks in a decentralized network serves as a guarantee of maximum reliability.

The future development of blockchain solutions is behind the managed launch of smart contracts. A cyclical launch will allow you to perform repeated registration of data from sensors and oracles which are necessary for financial, IoT and other solutions.

* Expected to release in Q1 2019

Examples of use

Here are some examples of how to use Credits cycles feature launch

Managing IoT devices with periodically repeating actions managed through a smart contract.

The cyclical launch of third-party services and software solutions from a smart contract via API and application gateways.

Implementation of financial and other services that require periodic execution of operations for funds write-off and sending control data.

Periodic recording into the Credits repository of information from external sources for display to its external users.

Credits unique feature

The Credits platform differs from other solutions in the built-in cyclical launcher. Developers are able to create services with minimal involvement of third-party IT systems. In other words, solutions can be implemented directly within the framework of the Credits blockchain smart contracts. Thanks to this, you can create stand-alone services that will work globally on all nodes of the network.

Credits advantages

High transaction speeds from 0.05 sec per operation.

Low dynamic cost of transactions (from approximately $0.001).

Turing complete programming language of smart contracts.

The ability to connect external systems from a smart contract.

The smart contracts language supports cycles and task scheduling.

Using a public API / SDK.

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