News Jun 01 ,2021

Q&A Session with Credits CEO, Igor Chugunov


We are glad to see you at our Questions and Answers Session! Thank you for being eager to keep up to date with everything happening at Credits. Here are the latest questions from our community:

Q1: Now Q2 is also one month left. Is Neo Bank coming out?
A: Someone may find this process to be a time-consuming one, but we are at the doorstep of our product release. Credits Wallet is our pet project, and there are many things to be taken into account. First of all, we are having a bit of delay as many factors are related to third parties. Second, there is always room for improvement and optimization. However, we try to stick to our plans, and the first release with the crypto-to-fiat buy/sell functionality is on the way.

Q2: During ICO, the team was saying they have a special technology that no one has and will be the fastest 1 million TPS blockchain. So would be good to know where this technology ‘special sauce’ went? Any eta when 1 million TPS?
A: By and large, we are in the process of optimizing our software. There are also difficulties associated with the technical parameters of machines and the bandwidth of the Internet. In ideal conditions, hypothetically, we can achieve this TPS rate. However, for it to go public, all network participants (nodes) also need a perfect setup: best machines, uninterrupted Internet, etc. For obvious reasons, this state is unrealistic in practice making the holding of the nodes very unprofitable. Notwithstanding the above, the Credits blockchain remains one of the fastest blockchain on the market, and here is why

Q3: Will CS follow the roadmap, or there are some delays?
A: I guess this is a common question which is why I would like to repeat my words. Because of the delays, many projects have completely abandoned their road maps, but that is not our case. Despite all the difficulties that arise during our road, we are trying to implement the planned actions. The roadmap is a kind of development base that keeps the community track of our ongoing research and technical work. Yes, we do have some delays on the roadmap. However, there will be some releases to please you.

Q4: Under the Credits Organization, who is the main responsible for the Brand Proper Exposure? Why don’t we have massive views on YouTube? Why there is outdated data on social media? Why there are no institutional developers tutorials? Who is supposed to prevent that Credits gets the impresión of an amateurish BlockChain to potential clients?
A: Well, first things first. We do not have an individual for this purpose; in general, this is the work of the marketing department. As for social media and YouTube, we have some drawdowns related to the pre-launch stage. As a result, we do not have much content to make you feel good. 

We keep you up-to-date with the latest updates and activities, but at the moment most of these updates are hidden from view as they are purely internal updates. However, we plan to increase the activity of both internal and external resources after the wallet release and various functions and features adding.

As for the documentation, we have it all published. Besides, I often receive feedback and suggestions for improving it directly or through the team. However, the optimization process may take some time as there is always room for improvement. At the moment, we are focused on other areas of work. However, we are always pleased to receive your suggestions and comments.

Q5: When are we going to have a video update from either Igor or Arjan again?
A: Yes indeed. I will probably consider this question as a proposal. We will think about it, and maybe we will release a video for the community soon.

Thank you to everyone who is following us with much interest in the evolution of our company with optimism! It is always a great pleasure connecting with you, discuss the recent Credits plans, and answer all of your questions.

Please do not hesitate to send us more questions you would like to be covered here!

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