Smart contracts

Smart
contracts

The programing code is written in JAVA, and runs in a decentralized network of the Credits blockchain and implements a sequence of calls of functions and methods of program code inside or outside the network

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Work on the algorithm and the conditions specified in the program

Perform any external or internal actions or commands

Execute offline actions on a schedule, cycle, event or on call by the user

Autonomous solutions

Smart contracts, due to their unique qualities, open a new page in building global services and solutions:

  • A smart contract is a program that does not work on one server or computer, but on many network nodes. In the event of a stop or failure of one of the nodes, the network automatically transfers execution to the other nodes.
  • The network in which the smart contract operates is decentralized. There is no owner or administrator of the network. The program code is executed in the network of nodes, and not on only one of them. This means that if it is launched, then no one can stop it except the owner as long as this functionality was specified in the smart contract code.
  • Payment for the smart contract execution is done in the internal cryptocurrency, Credits (CS). The system automatically charges a small fee for the execution of each function from the account. The fee goes to the owners of the nodes that store the database and process the rounds. The fee volume depends on the amount of changes made to the blockchain.

Credits unique characteristics

The network is capable of handling more than 1 million operations per second

Execution time 0.05-0.20 seconds per operation

The cost of the operation is dynamic and starts at $ 0.001

Credits advantages

High transactions speed from 0.05 sec per operation.

Low, dynamically calculated, transactions costs starting from about $ 0.001.

The complete Turing programming language of smart contracts.

The ability to connect external systems to a smart contract.

The smart contract’s language supports loops and task scheduling.

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We have a strong team of programmers and support offering:

Consultations on how to use technologies

Help with PoC (proof of concept) and MVP development

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