Decentralized financial system CREDITS (ICO)
CREDITS
New functionalities of the block chain, whose association is not found in any other platform.*
Synthesis
The CREDITS platform is a decentralised financial platform for direct communication between users on peer-to-peer (P2P) criteria. The platform expands the potential use of financial technology based on a distributed accounting ledger, intelligent self-execution contracts and crypto-currency CREDITS. The purpose of the project is to bring participants together in one place, providing them with a platform for the creation and use of financial services, where everyone can offer and use a service.
The CREDITS platform, thanks to a well-defined and well-balanced technological system, offers a new technical response and a new concept of interaction between participants for the development of modern and decentralised financial services.
Presentation
A comprehensive peer-to-peer exchange mechanism for service delivery systems that enable the formation of financial services: money transfers, foreign exchange, securities, credit, financing and other services between participants. Everything is supplied without additional intermediaries, according to the same principle, one of the participants being equal to other participants in the system. As a result, everyone gets cheaper, faster and better services.
The world moves towards direct communication between people according to the principles of peer-to-peer equal parity. A revolution happened! This can be clearly seen in the turnaround of the media: until the 1990s newspapers, magazines and television were the main providers of information. Today's leaders are bloggers, found on YouTube channels and social networks, money goes to massive funding and ICO, and documentation is stored in decentralized cloud systems.
The finance industry, as we know it, is one of the few sectors left behind that resists the financial crisis, the introduction of decentralisation and the direct interaction between participants. While it is technically much easier to set up decentralized financing services than unmanned vehicles.
A corresponding technological context is needed to create a system of decentralized products and services based on the distributed ledger:
High execution speed (within seconds), along with the ability to handle a large number of transactions at the same time (hundreds of thousands per second) at a low cost for each transaction (for micro-payments and non-monetary transactions).
Elaboration of a system in which all participants and elements necessary for the quality of decentralized financial services are concentrated on the following aspects The two main and basic tasks that currently hinder the development of peer-to-peer are combined: user personalization, KYC, credit history bureau, fiat money establishment centers, withdrawal and collection of crypto currencies, etc. These are two major and fundamental tasks that currently hinder the development of peer-to-peer financial products.
We will present you with an answer to these tasks, which we have implemented with the help of CREDITS from the financial system.
CREDITS a single decentralized technological platform can combine all participants of finance, services, execute all transactions securely and quickly with the principles of a distributed registry.
The self-execution of intelligent contracts and the fundamentals of a federative voting procedure provides unlimited participation in the electoral system. opportunities for everyone involved to create a unique interaction of various financial products. The platform opens up a new large market and new potential for the use of projects and services in the block chain in financial and other sectors that previously could not be used due to the speed and limitations of transaction costs.
What is Credits?
CREDITS is the open block chain platform with independent intelligent contracts and crypto internal currency. The platform has been designed to create block chain systems by means of intelligent contract self-execution and public record keeping.
The platform can perform more than 1,000,000 transactions per second and has a 0.01-second execution time. Because transaction fees are minimal, high-volume applications are feasible in a way that no other chain of available blocks could match.
The CREDITS platform is the only fully self-sufficient block chain system. The platform provides an innovative and extended application programming interface (API) that uses a new Turing system with the capability to create services with unique cycles, schedules and functionality. There is no other platform that offers such an intelligent speed of contract execution as CREDITS. Additionally, the CREDITS platform can be totally autonomous and without the need for external systems intervention. Consequently, CREDITS has differentiated itself fundamentally from all other platforms in the current block chain.
We believe that block chain technologies are suitable for financial and loan services, trade, commerce, medicine, identification, exchanges, Internet of Things (IoT) services and many other applications, some of which cannot be imagined.
Exceptional CREDITS block chain technology offers paradigm shifting capabilities to industry, applications and users that require unmatched scalability. The market for these services is estimated to be worth billions of dollars.
Advantages.
Revolutionary block chain technology
Decentralized and distributed open source blockchain network with an unmatched network infrastructure.
Asynchronous system
The parallel trading procedure significantly increases processing per second.
No mining required!
All currencies are issued in advance, in the ICO period before. All commissions are distributed among the trust and confidence nodes. You don't have to do calculations of work tests.
Revolutionary algorithm based on consensus
The combination of several proven encryption solutions, CREDITS is much faster and safer than other block chain platforms.
Proven safety measures
Encryption and a modern signature algorithm that minimized the possibility of fraud.
Data compression
Data is reduced to increase network bandwidth and reduce the required disk space for node owners.
Open Code
ADVANCED AND COMPREHENSIVE FUNCTIONALITIES FOR INTELLIGENT CONTRACTS
The first platform of the absolutely autonomous block chain is CREDITS. The CREDITS platform will allow the creation of independent, decentralised and isolated contracting services.
Cycles and Schedules An intelligent contract platform offers real new functionalities for stand-alone services
Advanced Application Programming Interface (API)
Enables connectivity from intelligent contracts to other external systems.
Software Development Kit (SDK)
SDK provides developers and users with advanced tools
Java Virtual Machine Language (JVM)
More stable, more useful and more flexible for high load applications
Our tools
Network management system
Credits uses a fully decentralized network node system to store all transactions, where they execute and confirm all requests, including third-party transactions.
Network consensus
Consensus in CREDITS is a modality of group decision-making. In order to develop finished solutions acceptable for all network nodes.
Comparison of Consensus
The delimitation of the fundamentals of the decentralized CREDITS registry to compare different types of consensus:
The availability of the book (the nodes will be able to write data in the book and consult them at all times);
The possibility of modification by all participating network nodes;
Congruence of all program nodes (our nodes see an absolutely identical variant of the book, which will be updated after the changes);
Separation resistance (if a node becomes non-operable, this will not affect the separation capacity of the nodes).
Transaction Processing
The transaction is the minimum unit of the system that provides information to the platform on the execution of contract methods or transfers directly between accounts without creating an intelligent contract, followed by the placement of the result on the peer-to-peer network.
Building and starting the General Ledger
All processing can be described in the following sequence:
The network user in the same system generates a transaction.
If all the conditions of the intelligent contract specified therein are fulfilled, the user must initiate the function (transaction) by calling the required method using the platform software.
To apply the fundamental principles of the block chain, the core of the validators keeps track of synchronization and invariability of the latest general ledger version.
At the time of consensus building, all transfers received during the cycle are captured in the block.
A number is assigned to the block, which consists of a time stamp and node identifier converted into a hash code, and then the block is placed in the consensus module.
After compiling the whitelist of candidates, not only will the transaction hash be written to the general ledger, but also the hash of the block, so that the source based on it is always certified.
This hash is a form of block signature and the one that created this block with transactions.
Once the consensus is created using a federative search algorithm, the transactions added to the block are passed to the core of the controller that will be written to the ledger.
A platform has been developed with a minimum of performance and can be tested here.
Decentralized network
Each node (peer) is a client and performs server tasks.
Nodes and IDs
A network node will store data, while system member identifications come in a known public and private key model.
Platform transfers
Transfer of values between network users
Consensus
A proprietary algorithm that selects the nodes that are responsible for storing data in the block string.
Storing operations Saving data in the lock chain
Portfolio
A visual description of the system operations with characteristic
The Team.
CEO and Founder
Igor Chugunov
12 years in business, including IT fintech projects, banking and credit services, affiliate marketing company for banks and PDL companies. Two years of experience in the block chain. Working with CREDITS platform since 2016.
CTO and Co-Founder
Evgeni Butyaev
Engineer (software development). More than 10 years of experience in software development, more than 3 years of experience in block chain technologies, including SRI Infotech (Poland); solution engineer based on block chain technology in Russia. Working on the CREDITS platform since 2016.
Team Leader
Valentine Antonov
Education: Programmer. Experience: more than 10 years as a programmer and architect building complex and highly charged systems for the financial and banking sector. In the block chain industry for 2 years. Entitled in Ethereum platform.
Director of Strategic Alliances
Arjan Eikelenboom
Producer of Cryptocurrency & Blockchain Technology events throughout Europe. Arjan Eikelenboom: Founder and CEO of the Dutch Finance Education Platform "Trading Seminars". Arjan has more than 10 years of experience in private banking, asset and wealth management and investments in disruptive technologies.
Senior software developer
Aleksandr Krasnov
Extensive development experience, including experience in block chain technology on a secure computer for the U. S. StateStreet company. He designed development solutions for several clients and worked on high-load systems for orgnisations based in Europe and the USA.
Community Rewards Manager
Evgeny Romanov
Planning and implementation of marketing and public relations activities for the online community management of the company's social network. In the project responsible for developing programs and supporting the reward team. Fans of the 2014 block chain.
Head of the Investment Relations Department
David Kolmakhidze
Six years of experience in currency crypto investments, development and consulting in block chain projects. Expert in marketing strategy ICO. Great experience in the creation of partnerships with investors and angel investors.
Development Manager
Bruce Sadia
He is responsible for communication with foreign partners and organizations. He holds a Master's degree in Communications and International Public Relations and has three years experience in the IT sector in communications with foreign clients.
Marketing Manager
Lera Myazitova
Cryptocurrency enthusiast, five years experience in marketing and public relations. Developed a marketing strategy and continues to implement it to ensure strong brand awareness worldwide. Promotes the online platform.
Editor-in-Chief
Darya Merkusheva
Author and editor of articles on block chain and crypto currency. Founder of a news agency and entrepreneur with 5 years experience. Author of a Russian blog "Blockchain for Dummies". Education in Applied Informatics in Economics.
Assistant RI Department Director
Anastasia Molochek
Four years of experience in organizing events. He is responsible for planning and conducting conferences in the field of the block chain.
Public Relations Specialist
Vladimir Mayer
MBA Graduate - Specialized in business relations and administration. Responsible for negotiating corporate matters. Several years of experience in the block chain industry. He joined the CREDITS team in 2017.
Links of Interest.
Web. https://credits.com/
White Paper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Twitter https://twitter.com/CreditsCom
Facebook https://www.facebook.com/Creditscom-1488549834790421/
Telegram https://t.me/creditscom
Linkedin https://www.linkedin.com/company/13370238/
ANN https://credits.com/en/home/ico
By Bitcointalk user: jpirulo
Profile: https://bitcointalk.org/index.php?action=profile;u=1192567
Myetherwallet: 0x4312006E30A82664F5b7EF51B2cE5c864F54cb1f
by Jpirulo
Their prototype is looking great ... !