[ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!]

[NakiRR]

Good evening to everyone. Tell me, can I pay for purchase with Ripple tokens?

only ETH and BTC accepted

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[NakiRR]

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?

CREDITS blockchain is the absolutely unique technology and haven't competitors today 

[NakiRR]

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?

it's not constant period of time

[NakiRR]

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?

yes, it will

[lamponk15]

This project is very good. I have read the advantages of CREDITS rather than on eth coin. ripple or bitcoin. this is a good deal and the deals are also fast, where now the bitcoin transactions take a long time

[spacegt]

Hello. What are the advantages of the Diffie-Hellman algorithm and why did you decide to use it in the work of your platform?

[Mops]

Hello. Is it true that I can spend only 1 Eth on buying tokens?

[ber68dclass]

Hello. Is it true that I can spend only 1 Eth on buying tokens?

Hello. Is it true that I can spend only 1 Eth on buying tokens?

[nextwalker]

Hello. I’ve read that the system will always have an up-to-date registry among all trusted hosts, but I didn’t understand how the constant relevance of the data would be maintained?

[qqniceguyqq]

Good afternoon. Does anyone know how many recent operations will be stored in the system? Will the account’s information about these transactions be kept?

[coin63]

Hello. If you don’t mind, explain me please, why is the transaction always added to the registry only from the subsystem of the validator?

[kentuckykid]

Such a large service has no algorithm that solves the problem of double spending. It’s very sad, although, I hope that the developers will implement such an algorithm into the platform in the near future. But all in all I really like the CREDITS project!

[arakx]

Such a large service has no algorithm that solves the problem of double spending. It’s very sad, although, I hope that the developers will implement such an algorithm into the platform in the near future. But all in all I really like the CREDITS project!

Apparently, you’ve read the white paper of the project not carefully. How could you imagine the operation of such a service without such an algorithm? If it weren’t implemented, there would be huge confusion and a problem with fraud. That is why it has been developed long ago.

[kentuckykid]

Such a large service has no algorithm that solves the problem of double spending. It’s very sad, although, I hope that the developers will implement such an algorithm into the platform in the near future. But all in all I really like the CREDITS project!

Apparently, you’ve read the white paper of the project not carefully. How could you imagine the operation of such a service without such an algorithm? If it weren’t implemented, there would be huge confusion and a problem with fraud. That is why it has been developed long ago.

Really? Oh, can you tell us, on what basis will it work?

[arakx]

Such a large service has no algorithm that solves the problem of double spending. It’s very sad, although, I hope that the developers will implement such an algorithm into the platform in the near future. But all in all I really like the CREDITS project!

Apparently, you’ve read the white paper of the project not carefully. How could you imagine the operation of such a service without such an algorithm? If it weren’t implemented, there would be huge confusion and a problem with fraud. That is why it has been developed long ago.

Really? Oh, can you tell us, on what basis will it work?

Well, yes, I can tell you, no problems. In general, the system accepted an agreement that the only true and correct is the transaction that came first for processing in the subsystem of the validator in order to prevent duplication of transactions in one block with the same identifier. Since the validator system has recorded that a transaction had already been committed from the current account and there are no values left to conduct the transaction, a consensus can’t be found.

[MkrKing]

Such a large service has no algorithm that solves the problem of double spending. It’s very sad, although, I hope that the developers will implement such an algorithm into the platform in the near future. But all in all I really like the CREDITS project!

Apparently, you’ve read the white paper of the project not carefully. How could you imagine the operation of such a service without such an algorithm? If it weren’t implemented, there would be huge confusion and a problem with fraud. That is why it has been developed long ago.

Really? Oh, can you tell us, on what basis will it work?

Well, yes, I can tell you, no problems. In general, the system accepted an agreement that the only true and correct is the transaction that came first for processing in the subsystem of the validator in order to prevent duplication of transactions in one block with the same identifier. Since the validator system has recorded that a transaction had already been committed from the current account and there are no values left to conduct the transaction, a consensus can’t be found.

Hello, can someone explain to me why information about changing the status of the registry is automatically sent to all hosts from the trusted list when information get to the validator and being confirmed during the process of carrying out a transaction?

[rocketbit48]

Explain to me, please, why when the duplicate is detected, the first transaction from the pool is still taken, but the rest of them are considered to be illegitimate?

[energycrypt]

As far as I understand, the in-put parameter plays a big role when adding a transaction to the validation. I’m wondering what kind of data it contains.

[kobzar]

Good afternoon. Can I send ETH directly from the exchanger in order to avoid spending a lot of time on buying coins?

[arakx]

Good afternoon. Can I send ETH directly from the exchanger in order to avoid spending a lot of time on buying coins?

Hello. Don’t do it in any case, otherwise you won’t be able to get CREDITS coins.  Purchase tokens only via the official website!