Credits(CRDS): Ease of use, Privacy & Equality | Argon2d PoW - Masternodes
HISTORY
Credits (CRDS), a community-driven cryptographic currency, has announced its first public release to take place on the 17th of June, 2017. Designed around accessibility, ease of use, and equality of opportunity, Credits offers people the opportunity to participate in the development of an innovative new cryptocurrency.
Mining
Unlike most other cryptocurrencies, mining Credits is done using a CPU, utilizing the cutting-edge, award-winning Argon2d algorithm. In addition to botnet resistance, the Argon2d algorithm is resistant to both GPU mining and ASICs, meaning that anyone with a computer, the Credits wallet software, and an internet connection can mine Credits without being forced out of the market by the widespread GPU and ASIC farms which are currently monopolizing most cryptocurrency mining. Furthermore, Credits protects against multi-mining and jump-mining pools through the implementation of Gulden’s latest difficulty retargeting algorithm, DELTA—the most advanced retargeting algorithm available today.
Masternodes
Credits also features Masternodes, which form a 2nd layer of security on the network, process InstantSend transactions, and mix CRDS for PrivateSend transactions. Masternode and PoW (Proof-of-Work) rewards have been mapped for a 36-year period in order to incentivize a continued return on the investments of both Masternode operators and PoW miners alike; over this 36-year coin creation period, Masternode rewards gradually increase and PoW rewards gradually decrease. This 36-year design ensures the longevity of the network.
DAO
In the initial release, the Credits DAO (governance system) will be disabled in order to eliminate the risk of early majority control of the Masternode network. This will prevent malicious parties from creating proposals, voting as a bloc, and subsequently defrauding the network. This governance functionality can be brought online at a later stage, once the Masternode network has grown in size.
Release
Mining will begin at the moment of launch, 10:00 p.m. UTC on the 17th of June. The first block of Credits, containing 475,000 CRDS in total and representing 0.5% of the total coin supply, will be allocated to feature bounties, marketing, hosting costs, and initial development.
Community
As a community-driven project, Credits is completely open source and development will not be centralized in the hands of just one developer—anyone can contribute to the project. The Credits community is currently located on Slack and Bitcointalk (see below), and anyone is welcome to join and participate.
Richard Kastelein say on http://www.the-blockchain.com
And why this is interesting NOW.
- Credits(CRDS) is a decentralised currency that is designed for ease of use, privacy and equality.
- Credits(CRDS) are created via a process called mining which can be done using your computers CPU and the wallet which can be downloaded below.
- Credits(CRDS) are mined and transactions secured by the award winning cutting edge Argon2d algorithm to ensure zero abuse from botnets, GPU farms & ASIC's.
- Credits(CRDS) uses DELTA, the most advanced difficulty retarget algorithm available to protect against Multi/jump mining pools.
support system wallet:
- CPU-Only Mining, why is it interesting because everyone I think is using a computer so easy for those who want to in mining so that the computer is active and connected to the internet can help build the community.
- become Masternodes, everyone who becomes masternodes gets a simultaneous reward for 36 years since supplay creation as a miner incentive and owner of the masternode, very interesting?
- CRDS using Argon2d Algorithm, what is it.
- It is designed by Alex Biryukov, Daniel Dinu, and Dmitry Khovratovich from the University of Luxembourg.
what is the advantage?
-.Argon2d maximizes resistance to GPU cracking attacks. It accesses the memory array in a password dependent order, which reduces the possibility of time-memory trade-off (TMTO) attacks.
but all would not be useful if we just as a spectator, join CRDS, build community, get ranks. and enlarge the network. because all the structures have been built in such a nice way.
Website: https://crds.co
wallet download : https://crds.co/#download
BTT ANN : https://bitcointalk.org/index.php?topic=1944858.0
Coin market : https://coinsmarkets.com/trade-BTC-CRDS.htm