Credits - Highly Efficient Autonomous Blockchain
‘Credits’ is a completely independent autonomous blockchain. It has its own smart contracts and internal cryptocurrencies. The platform can process over a million transactions at a second. Execution speed of transactions will be in range of 0.01 seconds. Transactions fees are going to reach an all-time low. It will be the best fit for high volume applications. It wouldn’t have another blockchain to match it in terms of performance and capacity. Self-executing smart contracts and distributed public registry acts as the backbone of the blockchain. This very fast blockchain is going take global scene by storm.
Real blockchain situation today:
Credits provide solution to the primary problems of the blockchain. The number of transactions per second in Bitcoin and Ethereum are 7 and 100. Is it too staggering for a network of that size? The current situation seems very like it. Bitcoin transactions take 30 minutes for successful processing. Have you not been irritated waiting for those three confirmations? Ethereum transactions take 5 minutes for one transaction. During extreme network congestion, transactions fees in Bitcoin can go up to $50. Ethereum has to charge a minimum of $1 per transaction. These high fees and slow transaction speeds can be attributed to limited capacity of the blockchain.
Scope of the Project:
Credits promise a more autonomous feature. The blockchain has the capacity of executing millions of transaction in a second. It helps incur transaction fees of fraction of a dollar. This blockchain can do wonders in fields like medicine, fiat and crypto exchanges, identifications, Internet of Things (IoT) and other financially known services. Credits can add the necessary speed and capacity to the amazing decentralized services benefiting the crypto communities. It increases the volume of stored data and empowers native smart contracts. The platform uses completely open source software, thus enabling developers to build more apps around it. This is the new next gen blockchain standard.
Team behind Credits:
Credits team is building a new blockchain platform, new consensus and asynchronous mode of transactions. They have put an optimal data compression system and homomorphic encryption solution. It helps create fully independent and decentralized services over a blockchain. The team behind Credits has made the platform support micro transactions too. The team features blockchain, IT and fintech professionals. They have a strong board of advisors to steer them clear of technical and legal challenges that may arise in future.
Presale and ICO:
The pre-ICO opened up to huge success and the tokens got sold out like hot cakes. It reached the hard cap of $3 million on 26th December 2017. It involved 1100 payments from 700 contributors. If you have missed the presale, you now have the change to be a part of the ICO. Participate early before it hits hard cap just like that. The ICO fills on the window, 15th February to 28th February 2018. The hard cap is just $20 million, so close to soft cap of $15 million. The price equation for the ICO is 5000 CS tokens per ETH.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://credits.com/
Whitepaper: 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/
Kind Regards!