Get your Energy Comet! ☄️⚡️🤩

Receive a 10k $CREA Energy (CGY) delegation for every CREA purchase over 50€. [October Promotion].

Deadline to participate in the offer: 10/31/2020 23:59 UTC

Don't miss this comet! Get your CREA now and take advantage of the benefits this bonus offers you!

See the details:

https://creary.net/reward/@onecomet/get-your-energy-comet

Discover the different keys 🔑 of the CREA network. What are they for?

What are my different keys for?

POSTING KEY
Users must log in to Creary.net always using the publication key. The publication key allows users to post, comment, edit, vote, modify and follow or report to other accounts or content. Your key or password is more likely to be compromised the more you use it, so a limited posting key exists to restrict the damage that a compromised account key would cause.

ACTIVE KEY
The active key is designed for more sensitive functions such as the transfer of funds, the Energize and De-Energize processes transactions, the conversion to CBD, voting on network witnesses, profile updates or placing a market order on the exchange.

MEMO KEY
The memo key is used to create and read memos. The memos are encrypted messages that can be sent in P2P format using the Crea network.

OWNER KEY
It is the most powerful key because it can change any key of an account, including the owner key itself.

MASTER PASSWORD
The master password is used to manage all the previous keys. A hashing function calculates the corresponding private and public keys based on the master password, the account name and the key type.
The master password allows you to recover all the private keys of a user account.
Use the lower privilege keys (Publication Key or Active Key to maintain the security of your account.)
You can access your keys from the PERMISSIONS section in the Creary.net wallet

IMPORTANT
If you lose your keys, you will lose access to your account forever. The keys must be stored privately and securely.

Why should I be careful with my master password?
If someone has access to your master password, he can steal your account and all the tokens it contains.

Why is the master password a long unintelligible string?
Do not use a simple password (1234567) for your master password. Unless you are Rain Man, if you can remember your password this means that it is not a secure password.
The password must be long and with random characters and numbers to offer maximum security to your account.

How can I keep my Crea account secure?
Neither Creativechain FDN nor Creary.net save user passwords. Remember that you are in a decentralized social network where new paradigm changes are created in terms of data control. You and only you own your master password and the private keys associated with your user account. This offers certain freedoms but also entails great responsibilities.

The main rule is to keep your keys very safely:
- If you ever lose your password, your account will be irretrievably lost and you will not be able to access its content or its tokens.
- We do not save your password, and we can not help you recover it.
- If you add a new password that you can memorize, this is not a secure password.
- Use passwords created in a random way, against more characters of length have more secure will be.
- Do not tell anyone your Creary password.
- Always make some backup of your password.

Official post: https://creaproject.io/what-are-my-different-keys-for
Leer este artículo en Español: ¿Para qué sirven mis diferentes claves?

What is deflation in CREA Network


The issuance of currency is a very important aspect in any cryptocurrency project. It is a fundamental part of the identity of a blockchain project and in the case of CREA it is the main active of the Creary.net social network.
In this post we will focus on explaining how the new coins issuance system works in the CREA blockchain.

How does the cryptocurrency issuing system work in the CREA Network?

The Crea network continuously generates new digital tokens to reward content creators and curators. 70% of newly created tokens are transferred to users who add value to the Creary network by publishing, commenting and voting on other people’s posts. The remaining tokens are distributed by 15% to the owners of CREA Energy and the other 15% to the witnesses who work generating new blocks in the blockchain of Crea.
In the CREA Network the issuance of new coins is based on a percentage of inflation over the total currency existing at the time.
It started with an initial inflation of 7% over the total (19.2 Million CREA) and every 300000 blocks (10 days approx) is 0.01% lower, so in one year it goes from an annual inflation of 7% to 6.65%, and so on, until it reaches 1% in 20 years.
This way, if we start with a virtual amount of 19.2 million CREA, 3682 CREA would be created per day.
The CREA Network generates 1 block every 3 seconds. This way, 28800 blocks will be created daily. This means that, if we start with a coin issuance based on a 7% inflation, 0.127 CREA will be generated per block.
To calculate the amount of new CREA issued by the system each time a block is produced, the following formula must be applied:
NEW_CREA_per Block = (virtual_monetary_mass * current_inflation_rate) / (10000 * BLOCKS_PER_YEAR)
Where:
Virtual_monetary_mass: It is the monetary mass of CREA (amount of CREA in circulation) + the monetary mass of CBD (if the CBD were converted to CREA at the price of that moment)
current_inflation_rate: The exact inflation value that will start at 7%.
BLOCKS_PER_YEAR: Fixed value of 10,512,000. A new block every 3 seconds results in 10,512,000 new blocks per year.
According this formula, 1.34 million CREA will be issued per year,
Of the total issued, 70% will be distributed among authors and curators (splitted in 70% to artists and 30% to curators), that is, those users who contribute value to the social network by publishing quality content, evaluating and voting to projects. 15% will go to the owners of CREA Energy (CGY), always considering that it is 15% of all existing tokens at the time and that will be distributed proportionally to the total accumulated by each user at the exact moment of the distribution.
Finally, there is a 15% that is distributed among a total of 25 witnesses that will vary (entering and leaving the list) according to the proportion of votes obtained by the users.

Conclusions:

The CREA blockchain presents a more sustainable and controlled coin issuance solution based on real-time inflation over the total currency issued at that time. At the same time, the reward is distributed to all the users of the network.
Thanks to this distribution system, the cryptocurrency exponentially increases its degree of distribution as the CREA is distributed to a greater number of participants, converting all users of the network into “shareholders” of CREA.

Hi, sorry to hear that. Honestly, I doubt your questions were unanswered since the CREA team is quite active... Anyway, receive my apologies if this happened and I encourage you to ask again or you can also ask me here.