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

[NakiRR]

Greetings to all the readers of the forum. Does anyone know in which way should one use the platform to find solutions to consensus?

Consensus Building
As a result, we have the main network node selected by all nodes. The main tasks of the main
node are: obtaining transactions in the candidate status to add to the ledger from all nodes, processing
them, building the last relevant ledger and sending a newly built ledger to all network nodes. The
process of transaction handling and building of the last relevant ledger is precisely the search for a
consensus solution. The result of building the last relevant ledger is the consensus solution.
The whole process can be divided into the following stages:
1. Search for the main network node;
2. Building of trusted nodes;
3. Receiving the list of transactions and building a list of candidates for addition to the
ledger;
4. Processing the list of candidates, voting of nodes (trusted and common nodes have
different weight factors (trust factor);
5. Removal from the list of candidates of unconfirmed transactions that have not been
verified or having a negative confirmation;
6. Building a list of confirmed transactions to be added to the ledger;
7. Adding transactions to the ledger with the timestamp and hash code of the block that
contained the transaction;
8. Sending the block with transactions to all network nodes. When received, it is added to
the registries of all nodes.

[waitsummer]

Hello everyone. Are the dates of the ICO already known?

[ber68dclass]

Hello everyone. Are the dates of the ICO already known?

Hello, yes, of course! ICO will begin on January 15 and will last exactly a month, until February 15

[nicolasbit]

The project has a very good technical description. By the way, I liked the fact that the developers are planning to use the Merkle Tree in the work of the platform. I believe that tree-based hashing improves the stability and safety of the project.

[sinfazat22ron]

The project has a very good technical description. By the way, I liked the fact that the developers are planning to use the Merkle Tree in the work of the platform. I believe that tree-based hashing improves the stability and safety of the project.

I want to disappoint you, but the developers refused to use the Merkle Tree in their work. Although, this is good news. On the contrary, the use of this technology slows down the platform

[nicolasbit]

The project has a very good technical description. By the way, I liked the fact that the developers are planning to use the Merkle Tree in the work of the platform. I believe that tree-based hashing improves the stability and safety of the project.

I want to disappoint you, but the developers refused to use the Merkle Tree in their work. Although, this is good news. On the contrary, the use of this technology slows down the platform

Unexpectedly. Then I don’t understand how the integrity of the data will be checked on the CREDITS platform. In this case, I can’t trust the project because of its low popularity.

[sinfazat22ron]

The project has a very good technical description. By the way, I liked the fact that the developers are planning to use the Merkle Tree in the work of the platform. I believe that tree-based hashing improves the stability and safety of the project.

I want to disappoint you, but the developers refused to use the Merkle Tree in their work. Although, this is good news. On the contrary, the use of this technology slows down the platform

Unexpectedly. Then I don’t understand how the integrity of the data will be checked on the CREDITS platform. In this case, I can’t trust the project because of its low popularity.

You make an early conclusion, because the developers of the project have found an excellent alternative to the Merkle Trees! The platform will use a transaction registry, each record of which consists of a hash of the transaction block for adding to the list of candidates adding to the registry.

[nicolasbit]

The project has a very good technical description. By the way, I liked the fact that the developers are planning to use the Merkle Tree in the work of the platform. I believe that tree-based hashing improves the stability and safety of the project.

I want to disappoint you, but the developers refused to use the Merkle Tree in their work. Although, this is good news. On the contrary, the use of this technology slows down the platform

Unexpectedly. Then I don’t understand how the integrity of the data will be checked on the CREDITS platform. In this case, I can’t trust the project because of its low popularity.

You make an early conclusion, because the developers of the project have found an excellent alternative to the Merkle Trees! The platform will use a transaction registry, each record of which consists of a hash of the transaction block for adding to the list of candidates adding to the registry.

It sounds very interesting. And what, the speed of processing of transactions increases in this case? And what about the illegitimacy of changing the registry?

[lok5874]

You write that the only true and correct transaction is that one which came first for processing into the subsystem of the validator. And is there a possibility that, nevertheless, the first transaction for processing will be an incorrect transaction? What will happen in this case?

[Delicieuxz]

Hello everyone. Are the dates of the ICO already known?

Pre-ICO 10th Nov 2017- 15th Dec 2017
ICO 15th Jan 2018 - 15th Feb 2018

[Ackedy]

It's great that the encryption will be done using the RC4 algorithm. I’ve heard that the work of this algorithm is carried out on a shared secret key, but I didn’t understand who will have access to this key?

[Delicieuxz]

The project has a very good technical description. By the way, I liked the fact that the developers are planning to use the Merkle Tree in the work of the platform. I believe that tree-based hashing improves the stability and safety of the project.

Hi. Thanks. We dont use  the Merkle Three. This makes the platform slower

[dort]

Good afternoon. Tell me, please, will the data be transmitted in encrypted form in absolutely every communication channel between the main host of the network and the usual host or will there be any exceptions?

[ferrum83]

Hello. I’ve read that each server must act not only as a registry store, but also as a full-fledged transaction handler. Why would each server perform this option?

[newboi]

Hello. I have not previously encountered the notion of the "core of the system". Can you tell us what role will the core system play in the platform?

[ro777jer]

You write that the only true and correct transaction is that one which came first for processing into the subsystem of the validator. And is there a possibility that, nevertheless, the first transaction for processing will be an incorrect transaction? What will happen in this case?

[californybit]

It's great that the encryption will be done using the RC4 algorithm. I’ve heard that the work of this algorithm is carried out on a shared secret key, but I didn’t understand who will have access to this key?

[NakiRR]

Good afternoon. Tell me, please, will the data be transmitted in encrypted form in absolutely every communication channel between the main host of the network and the usual host or will there be any exceptions?

all data will be transmitted in encrypted form in absolutely every communication channel between the main host of the network

[NakiRR]

Hello. I’ve read that each server must act not only as a registry store, but also as a full-fledged transaction handler. Why would each server perform this option?

It's for increase of transaction speed, main nodes and servers will record transactions in blocks

[play]

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.