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Author Topic: [ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!]  (Read 37709 times)
NakiRR
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December 02, 2017, 11:13:50 PM
 #401

Here is the list of CREDITS social media resources:

CREDITS Platform official Site: https://credits.com
CREDITS Platform official FaceBook Page: https://www.facebook.com/creditscom/
CREDITS Platform official Twitter Page: https://twitter.com/CreditsCom
CREDITS Platform official LinkedIn Profile: https://www.linkedin.com/company/13370238/
CREDITS Platform official Medium Profile: https://medium.com/@credits
CREDITS Platform official Telegram Channel: https://t.me/creditscom

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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December 03, 2017, 07:18:19 AM
 #402

In my opinion, the developers of Credits claim too great capacity for the project. They say that significant level of performance of the registry will be reached, but they also say that there will be a high degree of security. Technically, it’s simply impossible)
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December 03, 2017, 07:21:41 AM
 #403

In my opinion, the developers of Credits claim too great capacity for the project. They say that significant level of performance of the registry will be reached, but they also say that there will be a high degree of security. Technically, it’s simply impossible)

This isn’t impossible if one uses the registry database with the formation of the Merkle tree from the hash of the previous block and transaction’s result. Credits Developers also offer their own unique registry structure in which the Merkle tree won’t be formed.
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December 03, 2017, 07:24:43 AM
 #404

In my opinion, the developers of Credits claim too great capacity for the project. They say that significant level of performance of the registry will be reached, but they also say that there will be a high degree of security. Technically, it’s simply impossible)

This isn’t impossible if one uses the registry database with the formation of the Merkle tree from the hash of the previous block and transaction’s result. Credits Developers also offer their own unique registry structure in which the Merkle tree won’t be formed.
Won’t the Merkle tree be formed? This’s something new))) And what will the Credits registry’s structure look like in this case?
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December 03, 2017, 07:26:42 AM
 #405

In my opinion, the developers of Credits claim too great capacity for the project. They say that significant level of performance of the registry will be reached, but they also say that there will be a high degree of security. Technically, it’s simply impossible)

This isn’t impossible if one uses the registry database with the formation of the Merkle tree from the hash of the previous block and transaction’s result. Credits Developers also offer their own unique registry structure in which the Merkle tree won’t be formed.
Won’t the Merkle tree be formed? This’s something new))) And what will the Credits registry’s structure look like in this case?

It’s very simple! Each transaction entry in Credits will consist of a hash block of transactions which is to be added to the candidate list of those to be added to registry. This will allow to achieve maximum speed and a high degree of safety.
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December 03, 2017, 07:29:46 AM
 #406

In my opinion, the developers of Credits claim too great capacity for the project. They say that significant level of performance of the registry will be reached, but they also say that there will be a high degree of security. Technically, it’s simply impossible)

This isn’t impossible if one uses the registry database with the formation of the Merkle tree from the hash of the previous block and transaction’s result. Credits Developers also offer their own unique registry structure in which the Merkle tree won’t be formed.
Won’t the Merkle tree be formed? This’s something new))) And what will the Credits registry’s structure look like in this case?

It’s very simple! Each transaction entry in Credits will consist of a hash block of transactions which is to be added to the candidate list of those to be added to registry. This will allow to achieve maximum speed and a high degree of safety.
Hello. I'm interested in security issue: won’t the attackers have an opportunity to somehow change the entries in the registry in case of using such a registry?
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December 03, 2017, 07:32:00 AM
 #407

Hello. I’ve met the notion of "core of the system", which exists is in CREDITS. Can someone tell me what it is in more detail?
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December 03, 2017, 07:36:59 AM
 #408

tl;dr

can anyone tell where can I read summary of ico / funds raised so far ?

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December 03, 2017, 08:58:39 AM
 #409

Greetings to all the readers of the forum. Tell me, does the founder of the project plan to issue more coins in the future?
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December 03, 2017, 09:03:21 AM
 #410

Good evening to everyone. Tell me, can I pay for purchase with Ripple tokens?
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December 03, 2017, 09:03:33 AM
 #411

Greetings to all the readers of the forum. Tell me, does the founder of the project plan to issue more coins in the future?

Non. There will be only one issue of 1 billion CREDITS coins.
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December 03, 2017, 09:06:40 AM
 #412

Good evening to everyone. Tell me, can I pay for purchase with Ripple tokens?
Unfortunately, you won’t have such an opportunity. Credits only accept Btc and Eth.
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December 03, 2017, 12:52:20 PM
 #413

You are trying to solve a problem which the Raiden network is about to solve, aren't you? When you say that financial transactions are too slow on the ETH network, that will be a thing of the past should the Raiden network be successful.
Raiden network solving this problem only for ethereum assets. Not for all crypto. CREDITS its new and own network, which use ethereum network only for first stage - ICO, after it wil be own ecosystem and CS will be swapped on own currency. Look roadmap and WP

If Raiden solves the same problem that Credits is looking to solve, what's the point to prefer Credits over Ethereum? Ethereum has massive security already while Credits doesn't. A switch simply doesn't make sense because the capacity problems will be solved on the ETH network.
Credits aim to financial industry and transaction speed higher even than in raiden network, and also, have many other differenses by tech side

Ok but couldn't it be possible for Ethereum to also scale sufficiently in order to compete with solutions like Credits wants to offer?
Ask it in raiden network thread )

If you build a system you should be well aware of the competitive environment you are going to enter right?


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spottcoin
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December 03, 2017, 03:02:10 PM
 #414

Hello everyone! I’ve read that the Credits’s  time unit will be the search cycle of the main and trusted hosts. Does anybody know how long a cycle on the platform take?
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December 03, 2017, 03:04:41 PM
 #415

Good evening, comrades. The description of the project indicates that the project’s peer-to-peer network can be represented as a “graph”. I didn’t understand at all, what do you mean by the “graph”??
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December 03, 2017, 03:05:49 PM
 #416

Do you think all the data that is stored in a separate thread when executing a transaction will be sent further in encrypted form or not?
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December 03, 2017, 03:06:00 PM
 #417

The length of the keys that will be used in the RC4 algorithm has a wide spread - from 40 to 2048 bits. That's why I’m wondering what factors will the final length of the key depend on?
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December 03, 2017, 03:06:32 PM
 #418

Hello comrades. I didn’t really understand why a low-level connection would be used to connect the validator hosts on this platform?
NakiRR
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December 03, 2017, 05:50:37 PM
 #419

tl;dr

can anyone tell where can I read summary of ico / funds raised so far ?
https://credits.com/en/home/ico
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December 03, 2017, 05:54:11 PM
 #420

Greetings to all the readers of the forum. Tell me, does the founder of the project plan to issue more coins in the future?

No, it will 1 000 000 000 CS issued, and all unsold tokens during ICO will be burned. Now CS is the ERC20 token but after alpha release they will be swapped on CREDITS blockchain tokens
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