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

[MadduckUK]

In my opinion, refuse of using Merkle tree is a very bad idea, no matter how much resources it took. In this case it’ll be impossible to reach a good structure of registry which will lead to fails in system’s operation. They’d better increase their own computing capacity than refuse to use it.

Believe me, it’s a very good idea. Developers of the project will create their own registry structure which will meet all their requirements, so there’s no reason for you to worry in this case.

What will the Credits registry look like, if it isn’t a secret?

The developers’ team offers to use registry in which every record will consist of hash-code of block of transactions for adding to the list of candidates which are to be added to registry. It also worth noticing that every record will contain identifier of the node and mark of time of formation.

I understood well what info every record contains in case of Merkle tree. What about development of Credits?

I’d like to say that in this case everything is thought over excellent! Each registry record will contain info on direction of transaction, its initial and final accounts, the type and the number of units of withdrawal, the type of enrollment, and the number of credit of units.

[superwallet]

In my opinion, refuse of using Merkle tree is a very bad idea, no matter how much resources it took. In this case it’ll be impossible to reach a good structure of registry which will lead to fails in system’s operation. They’d better increase their own computing capacity than refuse to use it.

Believe me, it’s a very good idea. Developers of the project will create their own registry structure which will meet all their requirements, so there’s no reason for you to worry in this case.

What will the Credits registry look like, if it isn’t a secret?

The developers’ team offers to use registry in which every record will consist of hash-code of block of transactions for adding to the list of candidates which are to be added to registry. It also worth noticing that every record will contain identifier of the node and mark of time of formation.

I understood well what info every record contains in case of Merkle tree. What about development of Credits?

I’d like to say that in this case everything is thought over excellent! Each registry record will contain info on direction of transaction, its initial and final accounts, the type and the number of units of withdrawal, the type of enrollment, and the number of credit of units.

It’s very interesting, thank you. So what’s the result? How will such a structure affect the operation of the system?

[TOM47]

Transaction speed: transfer within CREDITS

Time necessary for data transfer within CREDITS considerably outruns familiar methods such as a bank transfer. That is why we decided to tell the difference between “old” and “new” transactions.

The thing is that information provided by hash is transferred in an unchanged form. Moreover, the system operates typical data which also speeds up transfer. Speed directly depends on the number of blocks in the chain or registers in the hash table, as in CREDITS.

A distributed hash table (DHT) is used for a permanent and stable connection between nodes. As structured data, a hash table can represent an associative massive which contains pairs (key-value). DHT term is also related to a range of principles and algorithms which allow to record data by distributing information of various node-keepers’ set. The principle of algorithm can also restore data by means of a key distributed search.

The peculiarity of a distributed table is an opportunity to distribute information among a certain set of node-keepers in the way that each participating node could find a value associated with this key.

https://medium.com/@credits/transaction-speed-transfer-within-credits-3374b0d7e182

[CryptoAllDay]

I noticed that there's been technical reviews by Colombia University and Entersoft on this project.  Is the dev code open-source?  Will there be a GitHub we can view commits at, or pretty much wait for the alpha version coming before the ICO?  Thanks.

[Jamie cryptokoala]

Hello you wonderful Credits community 🖐👍

I Interview Yaroslav Tonkovidov the portfolio manager of Finforge and Investor relations at Credits. The main point that's stands out is that They claim the platform can execute more than 1,000,000 transactions per second! that's a Fast Blockchain!

https://youtu.be/1vUVQy4czYw

[shara]

Good afternoon! Tell us please, why did you decide to refuse to use Merkle tree in operation of the system?

[spottcoin]

If you believe that the resources are spent unreasonably when Merkle tree is used, what option will allow to do it rationally?

[NakiRR]

In my opinion, refuse of using Merkle tree is a very bad idea, no matter how much resources it took. In this case it’ll be impossible to reach a good structure of registry which will lead to fails in system’s operation. They’d better increase their own computing capacity than refuse to use it.

Believe me, it’s a very good idea. Developers of the project will create their own registry structure which will meet all their requirements, so there’s no reason for you to worry in this case.

i'm fully agree with you !

[NakiRR]

I noticed that there's been technical reviews by Colombia University and Entersoft on this project.  Is the dev code open-source?  Will there be a GitHub we can view commits at, or pretty much wait for the alpha version coming before the ICO?  Thanks.

it was announced earlier
We’re frequently asked why we still haven’t shared our program code on GitHub.

The answer is simple — we take care of our contributors.

As you already know, we have developed a unique combined consensus protocol, which allows CREDITS to deliver unprecedented data processing speeds of over 1 million transactions per second, with a time interval of 0.01 to 1 second. The protocol is based on calculating the mathematical functions of all registry transactions, while applying the principles of Proof of Work. It accurately determines the storage of the latest up-to-date copy of the registry and software on this node (Proof of Capacity), by calculating the sum of the values of the entire contents — the hash code.

CREDITS team is working hard on the program code and is testing it every day. We have industry experts, whose experience allows us to effectively develop Alpha version of the platform.

Indeed, CREDITS positions itself as an open platform for developing decentralized applications. At the moment we are in the process of receiving patent for our products, which all of our investors will certainly appreciate. We are concerned about our intellectual property.

After the release of the Alpha version, we will be ready to put our code in the Open-source and we will be happy to receive any comments or suggestions from your side.

[GeorgKrypto]

hi, i took part in the pre-ico. When will Credits(CS) come to exchange?

Plans which exchange first?

[bakst2]

Tell me, how big are the chances for CREDITS, to overtake the ETX by the speed of transactions?

[NakiRR]

Tell me, how big are the chances for CREDITS, to overtake the ETX by the speed of transactions?

What is ETX?

[Karl Max]

CREDITS development team is getting closer to Alpha version release!
At the moment we are testing the operation of smart-contracts, we search for optimal interaction factors of smart contracts with the platform itself: different quantity of smart contracts in one pool, processing speed, etc. In other words we model ideal environment to check how the system reacts to different types of loads.
After optimizing smart contracts there will be only one last step left before releasing Alpha version: the final testing of the entire system.
We will keep you informed about all our technical developments and important steps we make! Follow us for further updates at credits.com

[Karl Max]

Take a moment to see how CREDITS community is growing.
Follow our updates
https://www.linkedin.com/company/13370238/admin/updates/
https://www.facebook.com/creditscom/
https://twitter.com/creditscom
https://t.me/creditscom

[Warfare]

Tell me, how big are the chances for CREDITS, to overtake the ETX by the speed of transactions?

What is ETX?

Most likely he meant to type ETH.

[CryptoStills]

CREDITS is listed on CryptoStills

• Full project presentation
• Continuous Twitter news updates
• Website and Twitter linking
• Moderated discussions

[Karl Max]

CREDITS CEO Igor Chugunov shared ICO Project & Goals with Bitsify. Read at https://credits.com/en/Home/NewsItem/2216

[Karl Max]

CNBC Arabia TV Channel mentioned CREDITS in a recent news program. Market analyst Naeem Aslam spoke about CREDITS during his speech regarding cryptocurrency and ICO
https://youtu.be/NMzthDkEFa4

[CryptoAllDay]

Hi, any word on when whitelist participants will be notified on whether or not they were approved?  Also, what was the price during pre-ICO?  Is it possible to purchase with BTC during ICO instead of ETH?  Thanks!

[NakiRR]

CNBC Arabia TV Channel mentioned CREDITS in a recent news program. Market analyst Naeem Aslam spoke about CREDITS during his speech regarding cryptocurrency and ICO
https://youtu.be/NMzthDkEFa4

We can see it in Twitter  Stop this spam please