Bitcoin Forum

CredaCash(TM) is a next generation cryptocurrency that is fast, secure and completely private.

For more information, please see our announcement at https://bitcointalk.org/index.php?topic=1748358.0

is it a Zcash fork though ?

No, this project was started long before Zcash was announced. It uses similar mathematics, but was written from scratch, and shares no source code with Zcash.  We also took a very different approach.  Zcash takes about 2.5 minutes to create a private transaction.  The first thing we did was to get that down to less than 6 seconds.  We also have a faster blockchain, that can clear transactions with finality in just a few seconds.

This project looks really interesting but you need post more info here that is posted on the website :D

hmmmm, so you implying that you bitch-slap Zcash back into the last century...........

You piqued my interest.

Let's see if you manage to convince us trolls to part with our BTCs.......

So.. is it minable now?

I would also like to know how to mine

win wallet please?

It's not mineable yet--it's currently in beta, and we need to get the wallet done first.  We'll post something here before mining starts, or you can sign up for our newsletter to make sure you don't miss it.  The signup form is on the sidebar at https://credacash.com/

its testnet or mainnet?

send us miner program... whats algo=*

where is block explorer?


oooooooooooo... block size around 5380!! who mine those blocks? only u?

Dev, please provide more information ...

testnet


Permissioned witnesses, and in the future, proof or stake, and anyone will be able to setup their own public or private blockchain with transactions seamless routed from source to destination blockchain.  The blockchain is documented on our website.


Sorry, we don't yet have a block explorer, but if you run the network node software, it will display the block info on the console.


The current software limits the block size to 32 MB, with each transaction taking about 150 to 200 bytes, and a block produced every two seconds.

The source code is at https://github.com/credacash/

When will credacash go to mainnet?

what is your purpose?

Credacash have 2bilions coin and %18 premined for development team. The Dev team only u? Other all %82 coins are create with POS? Where will we buy some credacash ? i think u will sell coins inside the "%18"?


________________________

C:\Python33>python.exe D:\CredaCash_Network_Node_v0.90_Beta1\wallet-sim.py 9223
  File "D:\CredaCash_Network_Node_v0.90_Beta1\wallet-sim.py", line 131
    print '>>>', jstr
              ^
SyntaxError: invalid syntax

Too many questions on this one, hope it works out but people beware use your brain before investing.

From our FAQ at https://credacash.com/faq/ :
"In 2016, if everything goes as we hope."


Our goal is to create a fast, reliable, and completely private currency that can scale to thousands of transactions per second.


We plan to be more like the Ethereum model.  The full sentence in our FAQ is: "CredaCash will have a fixed currency supply of 2 billion units.  18% will to go to the project developers and initial investors, and the remaining 82% to a non-profit Foundation for distribution primarily through a cryptocurrency exchange."  We will have more details on this plan prior to release.


Are you using Python 2.7 x64?  See the README file included with the distribution, which is also available at https://credacash.com/software/readme/

Hi sir, do you want a portuguese translation to your project?

Pm me if you need this.

All the best!

waiting for your detail roadmap 。

please post more info that will answers questions being raised, promote your coin and have some exposure via twitter or FB to encourage investor to invest.

this one man army claims to be a competitor and have better tech than zcash all star cast  :D  https://z.cash/team.html

https://credacash.com/team/

it's either your cash in dain-gah (danger) or you will get richa (richer)  ;D

Sounds almost too good to be true.

Is it completely decentralized or does it rely on a few private nodes of some sort?

Blocks are currently assembled by permissioned witnesses.  They are checked by all nodes on the system though, so if a witness creates an invalid block or tries to revert an already cleared transaction, that will be rejected by the rest of the network.  In the future, we plan to support proof-of-stake and the ability to have thousands of witnesses without any decrease in speed.  It will also allow anyone to set up their own public or private blockchains, with payments seamlessly routed from one blockchain to another.

I think its fair to say CredaCash will only be successful if it provides superior technology.  I think 5 seconds vs 2.5 minutes is a pretty good start.


Thanks much.  We have a twitter stream @CredaCash, and our beta release announcement was posted there.  Tweeting about us would be an immense help--we're of course happy to get retweets or mentions of any kind.  If anyone has contacts with investors, journalists, news sites, directories and wikis, etc., we would be happy to provide info.  I'm not sure what else we can do, but we're open to suggestions!

there are some ways to get some exposures that i can suggests, a personal text campaign, a signature campaign, FB or twitter campaign or have a translation of this ANN to some major languages so that other non-english investor and traders might understand your ANN, there a some translator here for some bounties, on that case, i can do the Filipino translation too.

You appear to have lots of Trademarks registered thru Creda Software Inc. Where would they be Incorporated?

How old is Allen Pulsifer?


What would they be called?

if there is any bounty will reserve for Indian translation (hindi).

Hello dev.  How close are you to a full launch?  Will there be mining opportunities?  I'm highly anticipating your release. Thanks

We hope to launch this year and get listed on an exchange in January.  There will be a limited opportunity for mining, which we'll announce here before launch.

Here's our progress since the beta release:

• Added a few features to the transaction protocol, which we'll announce when we do beta 2.
• Fixed the Linux port so the code now compiles and runs as easily on Linux as Windows.  This will also be included in beta 2.
• Ported to ARM, specifically, the Raspberry Pi 3 and the ODROID-C2.  The purpose of this port will be apparent in an announcement we'll make here shortly.  It is pretty cool though seeing the code run on a computer the size of a credit card.
• In the process of doing the ARM port, we added multi-core support.  It now takes CredaCash only 3 seconds to create a private transaction on a laptop (2.4 GHz dual-core Intel Core i5), while Zcash takes 2 minutes on this same machine.  With an ARM chip, it takes 8 seconds on the ODROID-C2 (1.5 GHz quad-core 64-bit ARM), which is 25% faster than the Raspberry Pi 3.

We're going to start working on the command line wallet, and that will also be included that in the beta 2 release.  We'll probably then offer a bounty for someone to turn that into a GUI wallet. (No one on the project now has skills or interest in that area, so we'll leave it to someone who enjoys doing it :-)

Thank you for your interest!

You plan to run the ICO?
Will there bounty?

Yes, there will be something--those details will also be announced here when we get to that point.

hi dev, i would reserve indonesian translation.

Thank you

ithink, they are waiting some investors, rich investors...

Hey dev,

Sent you a PM - would love to help get the ball rolling in regards to spreading the word about Creda...amongst other things.  Check your inbox! :)

Really too good to be true. I think this project is trustable, even running by a newbie account.
Lets do a competition?
Please tell me.

Creda vs. Monero?
Creda vs. ZCash?

Best regards

hi dev, indonesian translation ready

https://bitcointalk.org/index.php?topic=1641365.0

thank you

From what I  know Monero is a crypto note coin and Creda, Zcash and Zcoin all use the zero  knowledge proof.  I highly suggest reading the whitepapers on each for more info.  Creda claims to have the fastest transaction speed.

Creda vs. Zcash vs. Zcoin, whats the better in your opinion?

They do have a compare page on their site. https://credacash.com/compare/
would like to know if this coin will perform ICO and give away bounties as well. seem pretty legit actually, i do hope someone confirms this.

Thanks for sharing the comparison page. Really, is hilarious how Creda is better than another seamless coins, including in the memory needed for transactions: 200KB vs. 3GB of ZCash.
For me too it seems legit. The logo sounds like the of SanDisk, haha

great concept with fast and private transactions.
algo?? coins supplay?? any bounty?? :)

Do Creda will have a ICO?

please post the specification.

I think so. They better do ICO as that would help them to have funds and Creda value to start with. But this is if they confirm to be legit.
They would need to prove their coin and tie up with some escrows or maybe an exchange

Exchange? No, haha!
Good coins start in ICO, go to wallets and then exchanges get interest to introduce new coins. Is in that way ICONOMI is working.

A new coin is born and how many new coins are born in one month?
But I expect some new coins bring more new functions and new high value.
waiting for official launch.

A coin can born after 1 year and then spread the world only after a month. This being announced in one month don't means the first code line has only 4 weeks.

hey, will u open some bounty rewards when credacash  ico time? tnks

I apologize, I have no idea what a bounty reward is in the context of an ICO.  Could someone explain?

lol ICO

What?! A bounty campaign reward investors in for the effor to promote the criptocurrency, that is: Facebook likes/comments/shares, Twitter retweets, Signatures in BTCTalk, Blog posts, etc.
You're launching a criptocurrency and don't know it?

How does someone count the Facebook likes/comments/shares, Twitter retweets, Blog posts, etc and figure out who is entitled to the bounty and how much?  And for that matter, how does someone figure out what is a real Facebook/Twitter account and what was just set up with a phony name and followers to collect rewards?

I'm leaving CredaCash. You're a developer and don't know these questions? I'm lauching!  :D

This is going to take very long unless you hire a dev/someone who had already done some ICO campaign here in bitcointalk. But first try to show us some proof your credacash works and then that will assure investors you are not selling nothing. you are competing big cryptos like XMR and SDC.

SDC is a big crypto?!
You can ask it to Monero's developers.

SDC is one of the best developed projects in the alt scene. There isn't a project that can hold a candle to the amount of work the SDC team has put into the project. In three years all XMR's team has done is FUD other projects, clone bytecoin, made a web wallet and improve the db scheme. That said, I'm keeping an eye on this project. I tend to shy away from unreviewed cryptography, but if this proves to be viable it will be a great addition to the anon vertical.

For a number of reasons, I doubt we're going to do that type of campaign.  We might do something though that's not tied to buying or selling or investing in anything, like giving a reward to everyone who provides an email address and SMS # (we would use the SMS # only to send a reward claim code), and more importantly, giving an additional reward for every referral, so if you can get people to sign up for our announcement list, we would give a reward for that.  Would that be of interest?  We're willing to consider anything that might benefit the project, as long as it doesn't include "buying, selling or investing".

that is very good point. this fact will enable many people come to this potential project and They will understand the value of this coin in the future

Definitely! SDC didn't even held an ICO of their own and look at its price now. its much better than the coins that has been funded by the users in bitcointalk. Monero can't deny the fact that SDC is somehow better than them.

What SDC have in wich XMR lacks?
All I seen from SDC was fake pumps.

SDC has growth organically over the years without any pump groups. The list of development would take literally take too long to list here and out of respect for the OP it wouldn't be right to promote another coin in this thread. Visit the SDC thread and you can find out more information.

Sorry, I've forgot about the topic. I'm with fear about it. I've invested a lot in XMR and its AEON. Can you send me a PM about SDC vs. XMR+AEON?

I don't see how a alt criptocurrency can start without a ICO.

verry fast transaction, waiting for more information :)

Are you that sure, Doge, Litcoin, recently Lbyr

Fair enough I will still be joining to receive rewards. maybe once its listed on an exchange we can then set a price for each Creda for trading.
we could probably get thousands with just $10. :)

So you built a non-profit blockchain without a reward token? I'll buy some of this if it's launched and coins are available on an exchange.

I like this approach very much. Right way to build a strong community around it.

How we can say it have fast transaction if no one have sent any transaction?

I did not understood. Please explain.

We have a testnet and a script that uses the wallet API to submit transactions.  It's included with our beta1 Windows binary.

Good to know, thanks. Then, I don't see why have people that don't trust in Creda.
Do you need portuguese translation?

I agree that it all sounds very marvelous, but being a practical sort of guy I wonder if you would mind answering these couple of boring questions I asked earlier on the thread. It has been known (shock horror) for alt coin devs to not be entirely what they say they are.
It seems to me that Allen Pulsifer is in his 70's, according to the never wrong Interwebs.
It's great that a septuagenarian would be involved in cutting edge crypto stuff and I take my hat off.
If it is him.

wait for bounty too
hope there is more further information

How much total supply of CredaCash ?  ::)

a long time for waiting more information
developer not ready with this project

Currently none. We plan to eventually have a fixed supply of 2 billion units.


The project is currently in beta and targeted for release by the end of the year.  There is a Windows binary, extensive technical documentation and a FAQ on our website, and source code on GitHub.  I'm not sure what other information you're waiting for that we could provide at this time.

Can you answer? Do you need translations?

How about answering the simple questions I have now asked twice, based on your website

We're not answering personal questions here on bitcointalk, just questions about the currency.

So you don't think that verification of your own claims as to the provenance of the sole named member of your dev team are relevant to the credibility of the currency?

The technology speaks for itself, end of story.

I don't understand why not replies.

2 billion is really a lot. its a lot better if you just have 21 million as well. the lesser the max supply the better its value.


probably not. if you will do translation you can do it though for free. i don't think he will do ICO for this coin.

ICO isn't same thing of bounties.

You think?
 :D

Thank you for the offer.  We don't need any translations at the moment--I think January at the earliest we would start to consider this.

no detail complete information about supply and algo

better to start also some social campaign just to promote your project its also a good venue to informed every investors about your plan.
good luck dev and hope to see more updates coming from your project looking for your success.

There will be a limited opportunity for "mining", which we'll announce when we get to that point.  We're planning to follow more of the Ethereum model though, so the bulk of the supply will go to a Foundation.  The Foundation's plan for it's allocation will also be announced in the future.

Thank you much--it is appreciated.  We'll keep you updated.

I have issue with the transactions period, 5 seconds seems to fast for me, I read somewhere that there is  positive correlation between security and transaction time, so 5 seconds seems to expose the coin to attack, correct me if I am wrong

That is true for a proof-of-work blockchain. It is not true for other types of blockchains such as proof-of-stake and permissioned witnesses.

A proof-of-work blockchain depends on computations for security, and as time passes, more computations can be performed, so the security margin increases. It is not the blockrate that matters though, it is the amount of time the recipient waits before accepting a transaction, and that is determined by the recipient herself, not the blockchain.  So for example, bitcoin has a proof-of-work blockchain and it is generally recommended that a recipient wait at least an hour (6 confirmation) before accepting an important payment, and for really important payments, the recipient should wait 24 hours.  If the bitcoin target block rate were doubled or cut in half, you would still need to wait the same amount of time, 1 hour or 24 hours etc., to achieve the same security margin.  So even with proof-of-work blockchains, ignore the blockrate and focus on the wait needed for all miners to perform N hash computations, which doesn't depend on the blockrate.  Note however that security is never guaranteed with a proof-of-work blockchain; it is only probabilistic and subject to certain assumptions such as the inability of an attacker to co-opt a significant portion of the hash power (sometimes assumed to be less than 10%, sometimes less than 50%, or sometimes something in between, depending on the analysis and assumptions).  Proof-of-work currencies with low hash power, or that have hash power concentrated into mining pools that could potentially be compromised or co-opted, will be less secure and will require a longer wait time than a proof-of-work currency that has a high hash rate running outside mining pools and distributed among many participants.

We're not convinced any new currency that uses proof-of-work can be secure, since the hash power will be relatively low.  This has been demonstrated recently in some new proof-of-work currencies that have been successfully attacked.

CredaCash does not use proof-of-work.  For speed and security, CredaCash currently uses permissioned witnesses and will migrate to unpermissioned proof-of-stake.  In addition however, and most significantly, CredaCash introduces the concept of cleared or final transactions.  After a majority of the witnesses have signed off on a block twice, that block is considered permanent or as we call it in our documentation, "indelible".  A transaction in an indelible block is guaranteed by the protocol to be permanent, and the software reports these transactions as cleared.  That takes roughly 5 to 10 seconds, and once a transaction has cleared, it is permanent.  If the witnesses, whether permissioned or proof-of-stake, attempted to replace or revert an indelible block or a cleared transaction, that would be rejected by all of the other nodes in the system.  The security of CredaCash then comes from all of the nodes in the system working to reject transactions and blocks that violate the protocol.

Bitcoin and other proof-of-work currencies do not have a similar technology--in those currencies, a block is never final or permanent, and is subject to being replaced at any time if some miner can produce a higher cumulative proof-of-work.  That is where the recommendation to wait 1 to 24 hours comes from, and even then, there is no guarantee.

i think its no problem
many coin dev use newbie account for promoted our coins :D

how many total coin supply sir??? Algo, bounty etc
thank you :)

Project Lead – Allen Pulsifer, BA Dartmouth College; MS Columbia University; many years experience developing complex backend and embedded software systems.

Wow, impressive introduction, you are a good student, master of Columbia U,  :o  :o :o

Watching your project, will you have ico? Such a good project should start with an ico.

Thanks.  We're tentatively planning on 20 billion units, but we might increase that.  We would prefer to have more supply to keep the per coin value down so people don't have to work in units of milli or micro coins.

We plan to use something similar to the Ethereum model, where the bulk of the currency will go to a non-profit Foundation and be distributed through a public currency exchange.  We are also planning to have a limited opportunity for mining where people who help mint the currency will be rewarded with some portion.  Details will be announced shortly, after our next beta release.  If you want to make sure you don't miss it, you can subscribe to our newsletter at CredaCash.com

Thanks much for the interest!

20 Billions???

Any bounty for SUBSCRIBE TO Credacash NEWSLETTER sir???

Why not make it 200 billion, you'll be even bigger than Onecoin then  :D

I'm still fascinated by your sole named developer


This is him

https://i.imgur.com/bVdYiCi.png

Sorry about the black and white photo, Professor Pulsifer is so old that he's pre color...

Obviously a highly intelligent man to get a BA in Chemical Engineering and teach Mechanical Engineering at Uni, way back in 1970, so I guess he would have been about 40 then, that's pretty young for a teaching professor in university in those days.

The thing I find truly remarkable about Dr. Pulsifer is that now, at the age of 85ish he's developing highly complex software systems in a complete change of career directions.
Truly remarkable, indeed one might also use the word "unbelievable".

They refuse to talk about him, despite bringing his name up in the first place.



Maybe it's his grandson or something, went to the same college as grandad..............................or something.

Scam? :D Disappeared? No more information ??? ???

Scam?  Hasn't even been officially released yet.

Dev you still working on CredaCash?  Lots of zero knowledge coins out, still anticipating a launch this year?

Dev have you given up on this project?

hi any news?  8)

I thought this was going to be good...

The "dev" is back with another thread but now with 2 seconds instead of 5 seconds transactions, deleted my comments then locked the thread.

We're still hard at work on CredaCash and targeting a March launch.  The best way to stay up-to-date on CredaCash is to subscribe to our newsletter at https://CredaCash.com/subscribe/ .  We also started a moderated thread at https://bitcointalk.org/index.php?topic=1748358.0 .  Unfortunately, we are unwilling an engage with the trolls on this forum, and we will therefore restrict any further replies to the moderated thread.  Thank you for your interest!

I think it's a grave mistake confusing trolls with legit criticism and denying feedback by instalocking your new thread after abandoning this one since October 21, 2016.

If you are referring to me as a troll for asking for details of the dev whose name you put in the public space, then I take exception to that.



I have been the epitome of politeness in trying to ascertain the CV of your dev.
Impoliteness can certainly be arranged, but so far it has emanated from you in your refusal to engage or answer simple questions.

You have provided no concrete information about this project, apart from "we may" do this, or "we may" do that.
Your behavior is strange to say the least; what it does show to me is, that if you are legit, you have little understanding of the environment in which you are operating.
Self moderated non-information threads with joke, time limited and censored QA sessions are not a sign of trustworthiness, especially when you have made no effort to engage in any dialogue in a free thread, and I have given you a trust rating to reflect that.

Hey march has come and gone?  Still working on the project?

The original announcment thread as well as this seem to be dead. Hoping for an update about this promising project. thanks!

I already forgot where I first learned about this project but I made a mental note that this could be big. Sad to see that 3 months have passed since I last checked this thread and it is looks officially dead. @CredaCash if you are still working on the project please show a sign of life. Thanks!

I got an email, I think Creda Cash is back and close to a launch?

What does it say?

There is an updated white paper on their website, a functional wallet and that an ICX is coming soon.  This has been a project I've followed for awhile, hopefully it will be worth the wait.

Here's some more info on him...

https://blockchainbillionspodcast.com/tag/allen-pulsifer/

The above link is a interview done with Allen Pulsifer in regards to CredaCash.

https://trademark.trademarkia.com/credacash-87290803.html
https://domainbigdata.com/yahoo.com/mj/NA3asPlSB0iP8ouP-lAIsg

The above link is Creda Software, Inc. Registration

https://angel.co/allen-pulsifer
https://nupepedia.fandom.com/wiki/Mu_Chi <------ Allen is mentioned here with CredaCash

More info on Allen.


I too am wary of the different reported blockchain times on various forums. Unfortunately inconstancies are red flags. I think this project requires more due diligence with investigating before investing.

Interesting

What is the max supply of CredaCash in numbers?  ::)

any news?