Latest posts of: branchun77

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

The main idea that that cost of fees and any operations referres to different types of fees will be set for 3 years, so I suppose companies will not be involved in any boundaries of discomfort and overpayments, partners will be able to carry out activities with fixed commissions.

Thanks for clarification. What about fees, they have mentioned that they are planning to charge low fees beginning with 0,001 usd, but it can be changed if I undertand this correctly. What factors are affect this amount of fees?

The amount of fees depends on the number of transactions in a round, the sender’s transaction activity, the number of trusted nodes in a round, and the physical transaction size. Personally not aware of some specific formula that they are planning to use for this. Hope it will be more clear in future.

Quote from: pyce on October 18, 2018, 08:40:37 AM

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

Quote from: Kotarastra on October 18, 2018, 08:38:09 AM

Quote from: branchun77 on October 18, 2018, 08:20:11 AM

Quote from: Kotarastra on October 18, 2018, 07:00:01 AM

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Due to team official answer blockchain data size is being optimized for transaction size and length. Additional storage gains will be made by utilizing data compression within the database. It is expected that the released product will have vastly better compression suitable for production situations and use of nodes.

And do you know why were some blocks empty?

I feel that it is not bug or something else, they were trying to show real environment conditions, where it is possible to have time intervals without any transactions

Quote from: pyce on October 18, 2018, 08:25:45 AM

Quote from: branchun77 on October 18, 2018, 08:20:11 AM

Quote from: Kotarastra on October 18, 2018, 07:00:01 AM

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Are you aware what data compression algorithms they are using?

Sure. They use Huffman Algorithm. You are able to find out more about their work on data comression in one of their articles, I attach the link below
https://medium.com/@credits/credits-data-82dd6c895779

Quote from: Kotarastra on October 18, 2018, 07:00:01 AM

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Quote from: MishaSER on October 18, 2018, 06:59:08 AM

Hi, I want to try your platform and can’t access this address https://wallet.credits.com/. Maybe I have a problem, let me know.

Hi there. Their platform version is on hold right now and not available. Community has to get an access to updates asap as admins have said.

Quote from: Glosathagy on September 08, 2018, 04:29:11 PM

Project looks pretty cool, but I miss some information. 1) What exactly is the product? Some info about the product somewhere? 2) Some information about devs somewhere?

Credits is the fastest and the most scalable platform based on the blockchain technology for the development and execution of autonomous smart contracts and decentralized application with its own internal cryptocurrency (CS). use their website to get more info - credits.com or join their telegram, there are a lot of different useful info about this amazing project like you have said Grin

Quote from: Notorious2000 on October 16, 2018, 02:40:14 PM

Hello peeps. Nice to take part in this story and follow project progress, but I still have one question, is there necessary to use cs coin for platform work or it can exist without token use like ripple? How will cooperation with banks work f. e.?

Tokens will be used as payment for icos, fees for smartcontacts deployment, performing transactions and something like that

Quote from: pyce on October 16, 2018, 02:34:57 PM

How many partners does CREDITS has at present time? How much of them are going to run ICO on CREDITS?

According to my info around 180 at current time and 1/4 of them will run ICO on their blockchain, their devs are doing well, have shown tremendous results in recent test, so I hope to see 1st ICO in Jan - Feb as it was claimed by team

Quote from: Kotarastra on October 16, 2018, 01:07:39 PM

Hello. I heard you conducted 1st phase of load test. What are the results? Did you reach million transactions per second?

As far as I know they have already achieved more than 1 mln as a high peak and stable 150 transactions per second