CREDIT — FAST BLOCKCHAIN
VERY FAST BLOCKCHAIN
Well suited to serve a wide range of applications (e.g., financial industry, gaming, gambling, IoT, payments, and many others)
CREDITS is an open blockchain platform with autonomous smart contracts and an internal cryptocurrency. The platform is designed to create services for blockchain systems using self-executing smart contracts and public data registry.
The platform can execute more than 1,000,000 transactions per second and has an execution time of 0.01 seconds. Because transaction fees are minimal, high-volume applications are possible in a way that no other available blockchain can match.
CREDITS platform is the first completely autonomous blockchain system. The platform offers a new, extended application programming interface (API) that utilizes a Turing system capable of creating services using cycles, schedules, and unique functions. No other platform offers smart contract execution speeds near those of CREDITS. In addition, the CREDITS platform can function completely autonomously and without the need for external systems participation. Accordingly, CREDITS is fundamentally differentiated from all other current blockchain platforms.
We believe that blockchain technology is suitable for financial and loan services, trade, medicine, identification, exchanges, Internet of things (IoT) services, and many other applications, some of which cannot yet be imagined.
CREDITS unique blockchain technology offers paradigm-shifting capabilities to industries, applications, and users who require unmatched scalability. The addressable market for these services is estimated to be worth trillions of dollars.
CREDITS Platform Documents
White paper
ADVANCED, COMPREHENSIVE SMART CONTRACT CAPABILITIES
CREDITS is the first absolutely autonomous blockchain platform. The CREDITS platform allows creation of independent, decentralized, and separate blockchain and smart contracts services.
Minimum viable product (MVP)
A platform with minimal functionality is developed and can be checked here.
Decentralized network
Each node (peer) is both a client and performs the functions of the server
Nodes and IDs
A network node stores data, while system member IDs come in a familiar public and private key format
Consensus
Proprietary algorithm selects the node(s) responsible for storing data in the blockchain
Saving transactions
Saving data to blockchain
CHARACTERISTICS
FeaturesCREDITS (CS)Bitcoin (BTC)Ethereum (ETH)ProtocolTransaction Volumemore than 1,000,000 transactions per second7 transactions per second300 transactions per secondTransaction execution speedas little as 0.01 seconds (depends on internet connection)10 minutes30 seconds — 5 minutesTransaction costvaries; as low as 0.001 USDfrom 10 USDAbout 0.1–1 USDSmart contractsAutonomousFully autonomousn/aNoCiclysYesn/aNoSchedulesYesn/aNoAPI from smart contractYesn/aNo
TECHNICAL FEATURES
FeaturesCREDITS (CS)Bitcoin (BTC)Ethereum (ETH)Registry typeblockchain + DLTclassic blockchainclassic blockchainDecentrelised nodesYesYesYesBlock SizeDynamic1 MbDynamicConsensus AlgorithmDPoS + BFTProof of WorkProof of WorkFlexible configured blockchainYesNoNoCoinsCREDITS (CS)Bitcoin (BTC)Ethereum (ETH)Blockchain typePublicPublicPublicTuring-complete code for developing smart contractsJava languageNon-systematicSolidity. Not complete, restricted.Decision Making ProcessBFTNon-systematicNon-systematicCrypto algorithmSymmetric-key algorithm + Asymmetric-key algorithmAsymmetric-key algorithmAsymmetric-key algorithmUsing third-party systemsYesNoNoSmart contactsYesNoYesAllowed to create own applicationYesYes, but very difficultYesAPIYesNoYes
January 2017
- Development of MVP
- Development of White paper
October 2017
- MVP Launch
- Pre-Sale
January 2018
- Issue Alpha Version
February 2018
- ICO Launch
- Placement on exchanges
March 2018
- First Users
June 2018
- Release
- New services
PROJECT TEAM
CEO & Founder
Igor Chugunov
12 years in business, including IT fintech projects, bank and credit e-services, affiliate marketing company for banks and PDL companies. Two years experience with blockchain business. Working with CREDITS platform since 2016.
CTO & CoFounder
Evgeniy Butyaev
Engineer (software development). More than 10 ten years software development experience, more than 3 three years experience with blockchain technologies, including SRI Infotech (Poland); solutions engineer based on blockchain technology in Russia. Working on the CREDITS platform since 2016.