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

[Karl Max]

I think that the way of searching for a consensus in the Credits is not good enough. After all, if there was several trusted center-validators participating in that, then a consensus would surely be authentic. Meanwhile, if there is only one trusted center-validator, the chance of an error is very high.

Good afternoon. I don't understand why you are saying, that in consensus searching will participate only one trusted center-validator? The system will use federated searching for consensus solution model— trusted center-validators vote. In addition, there will be implemented an algorithm of searching consensus solutions — pass finite state machine.

Hmm, I like this approach more. How will the process of consensus searching be carried out?

A consensus will work by cycles (loops). For each cycle there will be an extraction a transaction from the network. Then it will be placed into pool (one-dimensional array). After being placed into the pool, all transactions are sent via trusted centers, for the purpose of getting a response. If a response is received, a transaction, with which the request to add was sent, can be added to the validator’s register. After that, it is sent to next validators in the network. As a consensus-building is completed at the endpoint and as a remittance is completely confirmed, a transaction is passed for validation marked to be recorded and to be stored in the register.

Hello. I read your answer and I wanted to say, that from a technical point of view, the developers Credits had approached the process of consensus searching highly creatively. I am just interested, how much time will be spent on this?

It is said in white paper that the process of searching consensus is built on SHA-2 algorithm. It is called ledger transaction system. And it will take much less time in comparison with the Mercle-tree to search the consus in this case.

[Karl Max]

I think that the way of searching for a consensus in the Credits is not good enough. After all, if there was several trusted center-validators participating in that, then a consensus would surely be authentic. Meanwhile, if there is only one trusted center-validator, the chance of an error is very high.

Good afternoon. I don't understand why you are saying, that in consensus searching will participate only one trusted center-validator? The system will use federated searching for consensus solution model— trusted center-validators vote. In addition, there will be implemented an algorithm of searching consensus solutions — pass finite state machine.

Hmm, I like this approach more. How will the process of consensus searching be carried out?

A consensus will work by cycles (loops). For each cycle there will be an extraction a transaction from the network. Then it will be placed into pool (one-dimensional array). After being placed into the pool, all transactions are sent via trusted centers, for the purpose of getting a response. If a response is received, a transaction, with which the request to add was sent, can be added to the validator’s register. After that, it is sent to next validators in the network. As a consensus-building is completed at the endpoint and as a remittance is completely confirmed, a transaction is passed for validation marked to be recorded and to be stored in the register.

Hello. I read your answer and I wanted to say, that from a technical point of view, the developers Credits had approached the process of consensus searching highly creatively. I am just interested, how much time will be spent on this?

Developers claim that there will be an opportunity to provide 1mln transactions per second on this platform, in comparison with 7 transactions per second in BTC and 500 per second in ETH. So the process of searching consensus will take in 100 times less time according to the present blockchain technology

[nicolasbit]

Hello friends. Can anyone tell me the time frame for the ICO, if it is not difficult.

[ro777jer]

If the transaction is not included in the register, it will be deleted from the system or will remain in its memory?

[Mops]

Hello friends. Can anyone tell me the time frame for the ICO, if it is not difficult.

Hello. ICO will take place from January 15 to February 15, 2018. Meanwhile, you can take part in the pre-ICO.

[Forspareparts]

Hello. How circular work of the network provides a highness of authenticity and of a relevance of information?

[reallyhawk]

Hello! Can someone explain to me, what is a peer to peer network? What role will it play in the functioning of Credits?

[alcoholbtc]

Good day, everyone. Does anyone know what function will be accomplished by system’s cores in Credits? Maybe it is possible to do without them?

[NakiRR]

Hello friends. Can anyone tell me the time frame for the ICO, if it is not difficult.

Information about token sale you can find here: https://credits.com/en/home/ico

[Immer]

Please, tell me more about how your service will identify a data handler by system’s cores?

[Karl Max]

Hello! Can someone explain to me, what is a peer to peer network? What role will it play in the functioning of Credits?

Peer to peer means that all members of system are equal and nobody has more rights than another. It is a foundation of blockchain technology

[Karl Max]

Hello! Can someone explain to me, what is a peer to peer network? What role will it play in the functioning of Credits?

Peer to peer means that all members of system are equal and nobody has more rights than another. It is a foundation of blockchain technology

Credits will platform where all interactions between users will be performed in an equal way. Nobody will can to influence this system and it is great. Together with technical abilities this project will upend blockchain world

[dzonikg28]

Hello! Can someone explain to me, what is a peer to peer network? What role will it play in the functioning of Credits?

Peer to peer means that all members of system are equal and nobody has more rights than another. It is a foundation of blockchain technology

Credits will platform where all interactions between users will be performed in an equal way. Nobody will can to influence this system and it is great. Together with technical abilities this project will upend blockchain world

What do you mean by saying that it will upend blockchain world? Do you even understand what Credits is trying to achieve?

[lovejoel]

great project as per their whitepaper

[NakiRR]

What will happen to the project, if the sale does not manage to collect the soft cap?

min cap 1.5 mln $ reached, everything will be ok)

[unkletoken]

Good Day! New ICO round is coming in soon. So I wonder if there are any bonuses for investors?

[MadduckUK]

Good Day! New ICO round is coming in soon. So I wonder if there are any bonuses for investors?

Yes, for sure. Investors are getting 1.5% - 5% bonus. It depends on when they are planning to invest. The longer they wait the less bonus they get.

[sinfazat22ron]

Those who invested a large amount of money  are going to get  bigger bonuses?

[nothappend]

Those who invested a large amount of money  are going to get  bigger bonuses?

Yes, of course.  It depends on the amount invested but they might get 20-40% bonus.

[MkrKing]

That’s an interesting project but I don’t think it is possible to make it work so fast  taking into account the amount of work. Probably in a couple of years when technology will get even more advanced it will be achievable. But still this project has some long-term potential.