Sabtu, 20 Januari 2018

Credits the latest innovations from blockchain technology



    As society's technological advancement increases, crypto acceptance as a warehouse of legitimate valueWhat we know for sure is that people who were once skeptical of Bitcoin and the technology behind it gradually understood and became increasingly involved with crypto.The company has expanded its business to use Blockchain Technology in the hope that their companies can compete and become better in the future.Usually we often do not find some Blockchain-based enterprise development projects. But not all countries legalize the purchase or use of Crypto in some countries.We can also see and crypto is very popular to use in addition to profitable as well as many projects that kryptya very useful to enjoy this service. therefore you must choosethe right place to invest Maybe you should try investing in Credits to get crypto.Because with beinvestasi in Credits many benefits that you will get. in which all crypto markets are pushing for the economy of society.

Let's clarify more deeply about this Credits project
Credits is an open blockchain platform with autonomous and crypto smart contracts. The platform is designed to create services for blocking systems using self-running smart contracts and public data registry. 

This platform can handle more than 1,000,000 transactions per second at a low price and has a 0.01 second execution time.

The Credits Platform is the first truly complete autonomous system with a complete Turing system capable of creating services using expanded cycles, schedules, expanded new APIs, and other improvements. Smart contracts that work at high speed are not yet offered on other platforms. This is why cams are fundamentally different from other projects.

Current Problems

Currently, network latency is one of the major limitations in many ways the network is blocked. In Bitcoin and Etereum networks, the average Transaction time is more than 10 minutes. In comparison, transactions for credit card payments networks take just a few seconds
Why we should choose Credits
  1.  A very new technological solution to the problem 
  2.  Aimed at a specific target audience of the financial industry 
  3.  Ready MVP Prototype project 
  4. Simultaneous processing up to 1 million transactions per second 
  5.  Average operating time is approximately 3 seconds 
  6.  Operating cost is very cheap about 0.01% 
  7.  The cost of operating an affordable micropayments and the internet is something 
  8. No, analog work in characteristic requirements (in summer 2017)

Technical problem

Network ability to process a certain number of transactions Latency of the actual response time compared to the expected response time of transaction speed.
Cost A parameter for all operations and especially for 2 operating groups. Micropayments for small transaction costs - eg, buying coffee, shopping, Internet microloans in terms of operations, for networking different objects. The amount of data stored Currently, the amount of stored data increases each tens of GB weeks on the Ethereum network. This problem prevents the use of blocking by many industries and especially by financial firms.

Technical Explanation

A peer-to-peer network is a peer-to-peer computer network that operates over the Internet and uses the TCP / IP protocol as the primary transport protocol for data and commands on a network. The TCP / IP protocol stack includes four levels: 
  1. ● Application layer 
  2. ● Transport layer 
  3. ● Internet layer 
  4. ● Link layer protocol 
      From this level OSI model functionality drills Overall, all user interactions on IP networks are built on TCP / IP. protocol stack This stack is separate from physical data transfer The fer environment, which in particular, ensures completely transparent communication between wired and wireless networks.
Although, technically speaking, it is much easier to create decentralized financial services than creating automated or unmanned vehicles. Appropriate technological environments are required to create a decentralized product system and financial services based on distributed ledger:
https://credits.com/en/home/ico
High execution speeds (in seconds), together with the ability to handle large numbers of concurrent transactions (hundreds of thousands per second) at the low cost of each transaction (for micro payments and non-cash transactions).
 
The development of a system where all participants and goods are required for qualitative decentralization finance services are incorporated: user personalization, KYC, credit history bureau, banknote settlement center, withdrawal and crypto liquefaction and others. These are the two main and fundamental tasks that currently inhibit peer-to-peer. financial products We present solutions for this task, we apply them with the help of CREDIT financial system. The single technology decentralization platform CREDIT can combine all financial service participants, securely and quickly implement all transactions using the principles of the distributed ledger. Self-run smart contracts and the principles of the federative voting system provide unlimited opportunities for all participants to create unique interactions from various financial products.

Benefits Credits

The CREDITS platform has 5 advanced technological advantages for the future:
Transaction
Each record is inserted into a blockade database blockade without Merkle trees and sidechains by processing consensual transactions.
Block formation
Permissions are set at the transaction level. transactions added to the block to find further consensus with the algorithm to find finite state machine solutions.
 Model  
consensus Model consensus: federal with mechanism to solve most nodes with permission to make decisions.
Contract
intelligent Every smart contract is performed in a separate isolated virtual machine environment, allowing development in a scripting language (JavaScript), an expanded job with a scheduled schedule.
System
Measurable system (as the number of nodes increases, the number of transactions processed per unit time increases). There is no mining so all the coins are issued in a certain amount.
Allocation Token Credits

 Info Token

ICO dates

  • ICO Feb 01st 2018 - Feb 28th 2018

ICO caps

  1. Soft cap $15 mln USD
  2. Hard $20 mln USD

ICO exchange rate

The total number of issued tokens 1 000 000 000. The tokens exchange rate is 1 ETH = 5000 CS (CREDITS)

Token allocation

  • ICO - 60%
  • Bounty - 2%
  • Bug bounty - 2%
  • Founders - 15%
  • Advisors - 1%
  • Operation - 20%

According to the calculated budget of the project, the company will need 15-20 million dollars for the first year of operation. This includes development and marketing.
The project's ICO model will allow the CREDITS team to quickly finish platform development and promote CREDITS use in the future.
Unused operation tokens will be blocked for at least one year, according to the following schedule:
  • 10% frozen through 1 Jan 2019
  • 10% frozen through 1 Jan 2020

Bounty Campaign Distribution

But in any case 2% of tokens will still be designated to the bounty campaign
1 600 - 2400 ETH
1 ETH = 5 000 CREDITS (CS)

Overall Bounty:
4 800 000-7 200 000 CS (same as ~ 1 600-2400 ETH)


Signature campaign 30%
1 440 000-2 160 000 CS (~ 480-720 ETH)


Facebook campaign 15%
720 000-1 080 000 CS (~ 240-360 ETH)


Twitter campaign 15%
720 000-10 80 000 CS (~ 240-360 ETH)


Blog / News / Video Content campaign 20%
960 000-1 440 000 CS (~ 320-480 ETH)


Translation Campaign / Community Admin 15%
720 000-1 080 000 CS (~ 240-360 ETH)


Telegram campaign 5%
240 000-360 000 CS (~ 80-120 ETH


https://credits.com/en/home/ico

 RoadMap

Info Team



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