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

[jager44]

What’s the purpose of conjoint register of blocks? Isn't it easier to store each block separately? I think it would enhance the platform security.

[askon]

Hi everyone. If I understood it correctly, in the process of working of the system one block will be transmitted between all crosspoints. What are the advantages for users from this process?

[ghuang168]

very interesting project , will keep my eyes on it

[nothappend]

I don't quite understand why the platform use several crosspoint. I think this will make extra load on the server, which lowers the speed of transactions’ execution. And besides, the system will need to determine what crosspoint to use in each moment of time. In short, a dubious technical decision of the developers of CREDITS.

It's just the opposite. After all, to achieve high-speed processing of a large number of transactions, the platform will require several types of crosspoints. In addition, this is necessary to build a decentralized network, based on open access and the crosspoint’s connection.

And how many crosspoint’s types will be in the CREDITS system?

Developers have involved three types of crosspints in the platform's work: the normal, the trusted, and the major. Each of them will be responsible for executing their specific functions. This approach provides high-speed work of platform and maximum safety.

Very interesting approach to the technical implementation of the system. And can you tell why the main crosspoint will play a crucial role in the work of the platform?

[bittcrypt]

It is true, that there will be an escrow for the ICO’s funds?

[fgreg2692june]

It is true, that there will be an escrow for the ICO’s funds?

Yes, that's right! The money will be available for developers only after the launch of the alpha version of the project.

[hunterofmoney]

Hi. I heard that this service will give the opportunity to withdraw and cash out cryptocurrencies. Is this true? How will this be done and what will be required from the user for such operation?

[bit679]

I wonder with what equipment or technical solutions CREDITS platform will be able to handle hundreds of thousands of transactions each second?

[Gamelander]

Good day, everyone. I was wondering what kind of information will be stored in the registry’s block? And is there a possibility that the data block can be kidnaped by criminals?

[NakiRR]

Hello. I want to buy some tokens now, but I have some problems with the access to the address from which I want to send Eth. Will there be any problems because of this?

there are many problems in ethereum network now, it's a pity, but you should send ETH only from wallets to which you have fully access and all keys, and put gas limit more than you do it usually - GAS 300 000 (unused gas will be returned to you), GAS PRICE is set at 24 gwei (minimum).

[NakiRR]

Hi everyone. If I understood it correctly, in the process of working of the system one block will be transmitted between all crosspoints. What are the advantages for users from this process?

this can be attributed to the advantages of the platform in security

[NakiRR]

It is true, that there will be an escrow for the ICO’s funds?

Yes, CREDITS Platform have FOUR ESCROWS

[NakiRR]

I wonder with what equipment or technical solutions CREDITS platform will be able to handle hundreds of thousands of transactions each second?

Big data servers around the globe will help with it

[zloadr]

Hey devs!

Check your ICO listing & other great cryptonews on Zloadr https://www.zloadr.com/icos?id=133

PM us if you have an advertising needs we hope to make your an ICO a great success!

[starblocks]

How does this project compare to Neblio which aims to have a block time that can be as low as 5 seconds?

[spacegt]

I don’t like the fact that the company's specialists determine main network node. I just think that the presence of human factor in this process doesn’t guarantee the objectivity of choosing the main node of the network. In my opinion, this process should be automated.

[termonator61]

I don’t like the fact that the company's specialists determine main network node. I just think that the presence of human factor in this process doesn’t guarantee the objectivity of choosing the main node of the network. In my opinion, this process should be automated.

In your opinion, how many people should there be in a team of specialists in order to determine the main node manually? That’s why this process is automated in CREDITS, just as you’d like it to be. Therefore, the choice of the main node of the network is completely objective.

[spacegt]

I don’t like the fact that the company's specialists determine main network node. I just think that the presence of human factor in this process doesn’t guarantee the objectivity of choosing the main node of the network. In my opinion, this process should be automated.

In your opinion, how many people should there be in a team of specialists in order to determine the main node manually? That’s why this process is automated in CREDITS, just as you’d like it to be. Therefore, the choice of the main node of the network is completely objective.

Hah, such a team would probably consist of several thousand specialists) As for me, I found this information on some forum, some “newcomers” discussed this matter. By the way, how is the process of determining the main node in CREDITS carried out?

[termonator61]

I don’t like the fact that the company's specialists determine main network node. I just think that the presence of human factor in this process doesn’t guarantee the objectivity of choosing the main node of the network. In my opinion, this process should be automated.

In your opinion, how many people should there be in a team of specialists in order to determine the main node manually? That’s why this process is automated in CREDITS, just as you’d like it to be. Therefore, the choice of the main node of the network is completely objective.

Hah, such a team would probably consist of several thousand specialists) As for me, I found this information on some forum, some “newcomers” discussed this matter. By the way, how is the process of determining the main node in CREDITS carried out?

To become the main network node, the node searches for the value of the hash function that it calculates based on the last stored ledger. The system organizes a healthy competitive environment between the network nodes for the opportunity to become the main node; to generate and store a new ledger. After calculating the function and obtaining the result, it is sent to all network nodes for verification. The result contains a timestamp of the calculation and a value based on the calculation of the function of the ledger files and software. All nodes receive the calculated value, compare the calculation time allocated for the search for the main network server, verify it and confirm the trust factor of the node, and also confirm its opportunity to participate in the competition – to become the main network node. After receiving approval from all network nodes (BFT principals), a list is formed of nodes that correctly calculated the value of the function and contains a timestamp. The node that received the correct result and had it approved in the fastest time, becomes the main network node of the moment.

[spacegt]

I don’t like the fact that the company's specialists determine main network node. I just think that the presence of human factor in this process doesn’t guarantee the objectivity of choosing the main node of the network. In my opinion, this process should be automated.

In your opinion, how many people should there be in a team of specialists in order to determine the main node manually? That’s why this process is automated in CREDITS, just as you’d like it to be. Therefore, the choice of the main node of the network is completely objective.

Hah, such a team would probably consist of several thousand specialists) As for me, I found this information on some forum, some “newcomers” discussed this matter. By the way, how is the process of determining the main node in CREDITS carried out?

To become the main network node, the node searches for the value of the hash function that it calculates based on the last stored ledger. The system organizes a healthy competitive environment between the network nodes for the opportunity to become the main node; to generate and store a new ledger. After calculating the function and obtaining the result, it is sent to all network nodes for verification. The result contains a timestamp of the calculation and a value based on the calculation of the function of the ledger files and software. All nodes receive the calculated value, compare the calculation time allocated for the search for the main network server, verify it and confirm the trust factor of the node, and also confirm its opportunity to participate in the competition – to become the main network node. After receiving approval from all network nodes (BFT principals), a list is formed of nodes that correctly calculated the value of the function and contains a timestamp. The node that received the correct result and had it approved in the fastest time, becomes the main network node of the moment.

I didn’t expect such a detailed answer, anyway) But thank you very much, now I'm at least aware of the actual state of things on CREDITS.