For the creation and running of decentralized applications on blockchain
The key components for creating a decentralized network are its Nodes. A Node is a client side application that is installed on the user equipment. The Node performs the processing and storage of transactions, the execution and confirmation of the smart contract rules, request processing from third-party systems, and provides data when requested
The Credits wallet is a client interface for safe and easy interaction with the block-network. The Web Wallet allows you to quickly transfer funds to other network members(without installing the Network node on your own equipment) and use contracts already available in the network registry (including setting up the rules for launching them). Synchronization with the network is performed automatically in real time.
The Credits Monitor is a web-based version of the application that provides the ability to monitor the processing of blocks and individual transactions, provide transaction activity statistics, the density of geographical distribution of network nodes, statistics and smart contract execution results. Monitoring tools are available through the web interface and do not require installation of additional tools on the user equipment.
A Smart Contract is a software algorithm designed to automate the fulfillment of contract obligations by the participants in any transaction based on blockchain technology. Smart contracts are implemented in Java (JVM) language. The module of smart contracts executes contracts developed and configured in the desktop-wallet and stored under a specific address in the network registry. The execution of the contract means the execution of Java methods in the Java class, taking into consideration the values of global variables. The results of the execution of each contract are stored in the network registry. Also the is a function of creating new tokens available.
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Credits — is autonomous blockchain platform based on the principles of peer-to-peer network. It is a decentralized system for direct interaction of its members. Credits provides completely new technical decision and conceptual scheme of interaction. The system incorporates all the users of the network providing them opportunities for creating and using financial services. Every member of the blockchain is able to offer a service as long as to use different services. For the operations are used tokens — Credits (CS).
Credits coins (tokens) is the inner cryptocurrency used in the Credits platform. Tokens used in the system correspond to the standard ERC 20. ERC 20 is the standard for the token based on the Etherium.
Purchase of tokens is carried out by transfer ETH. You can buy tokens via cryptocurrency exchanges. For example, on KuCoin. KuCoin is Hong-Kong cryptocurrency exchange where you can buy CS tokens.