CREDITS, the platform of day-to-day transactions
The Credits platform, or the blockchain of day-to-day transactions
The hype around digital assets led to a stereotyped association of blockchain technology with cryptocurrencies. The media is only discussing the leaps of bitcoin rates and the problems of regulatory legislation. They undeservedly forget about the limitless opportunities of blockchain as such and the prospects for its development as a platform for innovative projects, both in connection with complexity of understanding processes by the people and in connection with the detachment of concepts from practice. The CREDITS startup is one of the promising projects intended to maximise the use of distributed ledger and smart contracts in financial transactions.
Principal differences between CREDITS and analogues
The closest example is Ethereum if we compare CREDITS with already operating platforms. As in its case, developers offer not just a digital asset, like a decentralised analogue to the fiat currencies, but a fully-fledged system with the possibility to implement applications and smart contracts. Internal cryptocurrency, although planned, will only be a "secondary" product —a means for internal settlements between the service users and payment for services. But this ends up with a similarity to the Etherium ecosystem: technologically, the CREDITS platform is a product of a completely different generation:
Future platform users, including project management, sees developers and businessmen, who will be able to use it as a platform for creating services on the platform. The entire system will allow working with micro-amounts, which is impossible in the Etherium ecosystem, and will provide instant transfer speed against the background of high data security.
Terms of implementation and prospects of the project:
The project roadmap is scheduled until June 2018 on the official CREDITS website. During this time, it is planned to undergo the ICO procedure, improve and test the Alpha-version of the service in March 2018, bring the project to the exchange and begin active work with users. According to experts, who evaluated the project and the first (albeit limited) version, found no problems with the concept implementation:
However, you can check functionality and prospects of the project yourself now. The official https://credits.com/ website launched a test mode for MVP.