This software is developed by CREDITS team including their own development of a public and decentralized DLT blockchain, built-in fully self-executing smart contracts and CREDITS cryptocurrency.
Thanks to a deep analysis of users' needs, we have developed a unique and balanced system to achieve high processing speed operations - up to a million operations per second and the average duration of transaction processing from 0.1 to 3 seconds. CREDITS platform could revolutionize the world using decentralised blockchain technology.
CREDITS platform has its own unique features built on the principles of blockchain technology: public decentralised ledger/storage system, presence of the independent nodes, the consensus model, the internal cryptocurrency CREDITS etc. But platforn does not have block system like Bitcoin and Ethereum.
Nearly everything. We have developed a very unique architecture of ledger, new concensus protocol, new advanced full smart contracts, saving trasnsactions, transfer transactions and more. It allows the project to achieve a level of performance that is unattainable by other platforms: our speed of transaction is low as 0.1 seconds and the total number of operations ranges within more than 1 million operations per second at a low transaction cost.
Yes, the development of the platform is completely open source.
No. An additional release will not be made. The primary issue will be produced only for the initial release of coins for sale on the ICO. In the future, the tokens of the standard ERC 20 will be exchanged for their own CREDITS crypto currency.
The target audience of the platform can be companies (for example banks and financial organizations), payment and online services created on the basis of blocking technologies, smart contracts, crypto currencies and fiat money, which require high speed (a few seconds) and low transaction costs.
Because it is for the financial industry that the speed of processing and the low transaction cost are first of all necessary. Shopping, payments, transfers, exchange and much more. But, the CREDITS platform can be used not only for financial transactions, but also for other industries where the speed and price of the transaction, for example, the Internet of things, are necessary.
Developers, companies and users who want to create online services. That is, the platform is developed as an application for B2B business.
The CREDITS team itself undertakes to develop the platform, maintain it, promote it, increase the number of users and help with the implementation. That is, the CREDITS team will not independently develop products for end users such as p2p products, online lending, funding, etc. The main task of the team is to create a CREDITS platform for use as a standard of blocking for the financial industry.
We believe that financial services are not developing enough on blocking technologies: technical problems - due to the low processing speed of transactions reaching 15-30 minutes and a very high cost of about 0.5 dollars. The second problem is the lack of additional elements necessary to build financial services for the block system: personalization, KYC, credit histories, etc. These problems are solved by the CREDITS platform.
People can use our platform as users of services built by the CREDITS platform.
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.
We sell the CREDITS tokens 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.
On the official credits.com site during the ICO period you will need to buy ERC20 CREDITS tokens and have an Ethereum based wallet.
Yes, there will probably be a preliminary sale of CREDITS tokens. On the official site https://credits.com you will be provided with all the necessary information.