VERY FAST BLOCKCHAIN

Well-suited to serve a wide range of applications (e.g. financial industry, gaming, gambling, IoT, payments, and many more)

HIGH VOLUME

More than 1,000,000 transactions per second, with future scalability to 10,000,000 per second

LIGHTNING-FAST PROCESSING TIMES

As little as about 0.01 seconds per transaction

INEXPENSIVE TRANSACTION FEES

As low as 0.001 USD per transaction

SMART CONTRACTS CAPABILITIES

New, advanced functionalities with developer-friendly interface and programmability

CREDITS is an open blockchain platform with autonomous smart contracts and the internal cryptocurrency. The platform is designed to create services for blockchain systems using self-executing smart contracts and a public data registry.

The platform can execute more than 1,000,000 transactions per second and has an execution speed of 0.01 seconds. Because transaction fees are minimal, high-volume applications are possible in a way that no other available blockchain can match.

CREDITS platform is the first completely autonomous blockchain system. The platform offers a new, extended application programming interface (API) that utilizes a Turing system capable of creating services using cycles, schedules, and unique functions. No other platform offers smart contract execution speeds near those of CREDITS. In addition, the CREDITS platform can function completely autonomously and without the need for external systems' participation. Accordingly, CREDITS is fundamentally differentiated from any other current blockchain platforms.

We believe that blockchain technology is suitable for financial and loan services, trade, medicine, identification, exchanges, Internet of Things (IoT), and many other applications, some of which cannot yet be imagined.

CREDITS' unique blockchain technology offers paradigm-shifting capabilities to industries, applications, and users who require unmatched scalability. The addressable market for these services is estimated to be worth trillions of dollars.

CREDITS Platform Documents

White paper

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Technical paper

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Presentation short

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Presentation long read

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3-page Teaser

Read more

Revolutionary blockchain technology

Decentralized, distributed, open source blockchain network with unrivaled network architecture.

Asynchronous system

Parallel processing of transactions significantly increases the number of transactions processed per second.

No mining required!

All coins are issued in advance, during and in conclusion of ICO period. All commissions are distributed between the main and trusted nodes. No need for power-hungry proof-of-work calculations.

Revolutionary, consensus-based algorithm

Combining several proven coding solutions, CREDITS is faster and more stable than other blockchain platforms.

Proven security measures

Encryption and a modern signature algorithm that minimizes the possibility of fraud.

Data compression

Data is reduced to increase network bandwidth and minimize the required disk space of node owners.

Advanced, Comprehensive Smart Contract Capabilities

CREDITS is the first absolutely autonomous blockchain platform. The CREDITS platform allows for the creation of independent, decentralized services due to a new smart contract tools.

Cycles and schedules

Smart contracts platform offers truly new features for independent services

Advanced application programming interface (API)

Allows connectivity from smart contracts to other, outside systems

Software development kit (SDK)

SDK provides advanced tools for developers and users

Java virtual machine (JVM) language

More stable, more useful, and more flexible for high-load applications

Technical audit

Brisbane | Bangalore | Hyderabad

www.entersoftsecurity.com

Entersoft is an award winning application security provider trusted by over 300 global brands. Through customized products and services we help build robust, secure applications.

Download the report in PDF

Columbia University Blockchain Labs (Center for Blockchain Technology & Innovation at Columbia University) is an organization that aims to serve as a central resource for education about Blockchain Technology.

Download the report in PDF

Minimum viable product (MVP)

We have developed a platform with minimal functionality and it can be checked here.

Decentralized network

Each node (peer) acts as a client and functions as a server

Nodes and IDs

A network node stores data, while system member IDs are available in a familiar public and private key format

Platform transfers

Transferring values between network participants

Consensus

Proprietary algorithm selects the node(s) responsible for storing data in the blockchain

Saving transactions

Saving data to blockchain

Wallet

A visual representation of system operations with minimal third-party features
Test MVP See MVP demo

CHARACTERISTICS

Features CREDITS (CS) Bitcoin (BTC) Ethereum (ETH)
Protocol
Transaction Volume more than 1,000,000 transactions per second 7 transactions per second 300 transactions per second
Transaction execution speed as little as 0.01 seconds (depends on internet connection) 10 minutes 30 seconds - 5 minutes
Transaction cost varies; as low as 0.001 USD from 10 USD About 0.1 - 1 USD
Smart contracts
Autonomous Fully autonomous n/a No
Cycles Yes n/a No
Schedules Yes n/a No
API from smart contract Yes n/a No

TECHNICAL FEATURES

Features CREDITS (CS) Bitcoin (BTC) Ethereum (ETH)
Registry type blockchain + DLT classic blockchain classic blockchain
Decentralized nodes Yes Yes Yes
Block Size Dynamic 1 Mb Dynamic
Consensus Algorithm DPoS + BFT Proof of Work Proof of Work
Flexible configured blockchain Yes No No
Coins CREDITS (CS) Bitcoin (BTC) Ethereum (ETH)
Blockchain type Public Public Public
Turing-complete code for developing smart contracts Java language Non-systematic Solidity. Not complete, restricted.
Decision Making Process BFT Non-systematic Non-systematic
Crypto algorithm Symmetric-key algorithm + Asymmetric-key algorithm Asymmetric-key algorithm Asymmetric-key algorithm
Using third-party systems Yes No No
Smart contacts Yes No Yes
Allowed to create own application Yes Yes, but very difficult Yes
API Yes No Yes

ROADMAP

Pre-Alpha
FA : Key Design
Implementation
Decentralization Ledger,
NoSQL Store implementation
Design and
Implementation
Formal Specification and Key Design Elements
Implementation
Formal specification
Formal specification
Alpha
mFA : Key Design Implementation,
PoW + PoC
MessagePack History
Integration with
ecosystem
Design and Implementation
Reasoner Integration with Blockchain
Web UX design
Blockchain Explorer
Beta
mFA Optimization
Blockchain backup
Optimization
Integrate to full system
Reasoner Optimization
UX design Application Test
Release candidate
Check errors
Android, iOS, Desktop Wallets
Third-party explorer
Release
Optimization
S1 S2 S3 S4 S5
Pre-Alpha Alpha Beta Release candidate Release
Storage,
Consensus mFA Consensus
FA : Key Design
Implementation
mFA : Key Design Implementation,
PoW + PoC
mFA Optimization Optimization
Data Store Decentralization Ledger,
NoSQL Store implementation
MessagePack History Blockchain backup
CVM (Credits virtual machine) Design and
Implementation
Integration with
ecosystem
Optimization Check errors -
Third-party system - Design and Implementation Integrate to full system - Optimization
Inference Engine Formal Specification and Key Design Elements Reasoner Integration with Blockchain Reasoner Optimization - -
User interface Implementation Web UX design - - -
Wallet Formal specification UX design Application Test Android, iOS, Desktop Wallets
RPC & REST API Formal specification Blockchain Explorer - Third-party explorer

January 2017

  1. Development of MVP
  2. Development of White paper

October 2017

  1. MVP Launch
  2. Pre-Sale

January 2018

  1. Issue Alpha Version
  2. First Users

February 2018

  1. ICO Launch
  2. Placement on exchanges

March 2018

  1. Issue Beta Version

June 2018

  1. Release
  2. New services

PROJECT TEAM

CEO & Founder
Igor Chugunov


12 years in business, including IT fintech projects, bank and credit e-services, affiliate marketing company for banks and PDL companies. Two years experience with blockchain business. Working with CREDITS platform since 2016.

CTO & Co-Founder
Evgeniy Butyaev


Engineer (software development). More than 10 years software development experience, including more than 3 years experience with blockchain technologies, including SRI Infotech (Poland); solutions engineer based on blockchain technology in Russia. Working on the CREDITS platform since 2016.

Team Leader
Valentin Antonov


Programmer with more than 10 years experience programming and architectural building of complex and high-load systems for the financial and banking sectors. Two years within the blockchain industry. Qualified in the Ethereum platform.

Team Leader
Aleksandr Krasnov


Extensive development experience, including blockchain technology in a secure team for a US company called StateStreet. Engineered development solutions for various clients and worked on high-load systems for organizations based in Europe and the USA.


European Strategic Partnerships
Arjan Eikelenboom


Producer of Cryptocurrency & Blockchain Technology Events throughout Europe. Arjan Eikelenboom: He is the founder and CEO of Dutch Finance Educational Platform ’Trading Seminars’. Arjan has more than 10 years of experience in private banking, asset & wealth management and investments in disruptive technologies

Community Bounty Manager
Evgeny Romanov


Planning and conducting marketing and PR activities of the company's online Community management of social networks. In the project he is responsible for developing programs and supporting the bounty team. He's been a Blockchain enthusiast since 2014.

Head of Investor Relations Dept
David Kolmakhidze


Has 6 years of experience in investment in cryptocurrency, developing and consulting on blockchain projects. Expert in marketing strategy for ICOs. Great experience in building partnerships with retail investors and angel investors.

Development Manager
Bruce Sadia


Business Development Manager. Responsible for the promotion of project services, user interaction and attraction of new partners. Experience of more than 3 years in the IT field with foreign partners


Head of Marketing
Lera Myazitova


Cryptocurrency enthusiast with 5 years experience in marketing and PR. Developed a marketing strategy and continues to implement it to ensure strong brand awareness around the world. Promotes the CREDITS platform online.

Chief Editor
Darya Merkusheva


Author and editor of articles about blockchain and cryptocurrency. Founder of news agency and entrepreneur with 5 years of experience. Author of a Russian blog «Blockchain for Dummies». Education in Applied IT in Economics.

Vice head of IR department
Anastasia Molochek


Four years of experience in events organization. She is responsible for planning and conducting conferences in the field of blockchain.

Public Relations Specialist
Vladimir Mayer


MBA Graduated – Specializing in business relations and administration. Responsible for negotiations of corporate affairs. Several years of experience in blockchain industry. Joined CREDITS team in 2017.

ADVISORY BOARD

Kyle Wang
Senior Consultant
IBM
Cleveland, USA


"The team is exceptional! CREDITS is a novel approach and cryptoeconomic innovation within blockchain"

Christian Ferri
Entrepreneur, Investor
San Francisco, USA


Executive with extensive experience in blockchain architecture/DApps/ICOs, strategic planning, investment relations for both large blue chips and nimble start-ups.

Michael Kapilkov
Blockchain Advisement
New York


"I am proud to announce that I have joined 'CREDITS'​ as an ICO Advisor" Founder Healthi, CoFounder Altcoinz, CoFounder I-virtual.

Christophe Ozcan
Blockchain technical - Expert
France


CEO & Co-founder at Crypto4All, Blockchain Ecosystem Advisor at Rockchain, Blockchain commission member at AFNOR Group


Jacob Salvador
Investor & Trader
Blockchain Specialist
Oslo, Norway


Experienced Investment professional in the venture capital and private equity industry. Skilled in Blockchain technologies

Artiom Aminov
Blockchain architect
at F&L Galaxy, inc
London, United Kingdom


Developer and architect of high-availability server-side applications based on blockchain technologies.

Tyler Perry-Smith
Investor, Enthusiast
Savitr Capital
San Francisco


"CREDITS can be the catalyst that takes blockchain functionality to mainstream business operations!'

Henrique Centieiro
Business Consultant


A specialist in Cryptocurrencies and Blockchain projects with a focus on business planning, development and corporate finance