[ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]

[Karl Max]

Credits will be listed on Ethfinex and Bitfinex on Thursday, October 18th

CS/ETH
CS/USD

[1713887602]

1713887602

[1713887602]

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[1713887602]

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[Karl Max]

Credits is now on Blockfolio Signal, tune in to catch the latest team announcements

App Store:
https://itunes.apple.com/us/app/blockfolio-bitcoin-altcoin/id1095564685?mt=8&fbclid=IwAR1uiRzh_KCg3515hyUcot2IQqettcOh6CSO0iXn3WH3nbk42fpIMZLWW0Y

Google Play:
https://play.google.com/store/apps/details?id=com.blockfolio.blockfolio&hl=en_US&fbclid=IwAR2785z9FraTwT2yVIF0wQof3m2J4P62r0BRuOLDwVro5nPTXYhf4Ji2QMM

[Kotarastra]

Credits will be listed on Ethfinex and Bitfinex on Thursday, October 18th

CS/ETH
CS/USD

Congratulations to Credits team! We were waiting for good exchange for several months and our prayers have been answered

[MishaSER]

Hi, I want to try your platform and can’t access this address https://wallet.credits.com/. Maybe I have a problem, let me know.

[Kotarastra]

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

[branchun77]

Hi, I want to try your platform and can’t access this address https://wallet.credits.com/. Maybe I have a problem, let me know.

Hi there. Their platform version is on hold right now and not available. Community has to get an access to updates asap as admins have said.

[branchun77]

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Due to team official answer blockchain data size is being optimized for transaction size and length. Additional storage gains will be made by utilizing data compression within the database. It is expected that the released product will have vastly better compression suitable for production situations and use of nodes.

[pyce]

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Due to team official answer blockchain data size is being optimized for transaction size and length. Additional storage gains will be made by utilizing data compression within the database. It is expected that the released product will have vastly better compression suitable for production situations and use of nodes.

Are you aware what data compression algorithms they are using?

[branchun77]

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Due to team official answer blockchain data size is being optimized for transaction size and length. Additional storage gains will be made by utilizing data compression within the database. It is expected that the released product will have vastly better compression suitable for production situations and use of nodes.

Are you aware what data compression algorithms they are using?

Sure. They use Huffman Algorithm. You are able to find out more about their work on data comression in one of their articles, I attach the link below
https://medium.com/@credits/credits-data-82dd6c895779

[pyce]

Credits will be listed on Ethfinex and Bitfinex on Thursday, October 18th

CS/ETH
CS/USD

Congratulations to Credits team! We were waiting for good exchange for several months and our prayers have been answered

uh how long I have been waiting this. Finally CREDITS team hav shown their efficiency and ability to operate with opportunities. Nice job. Congrats.

[Kotarastra]

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Due to team official answer blockchain data size is being optimized for transaction size and length. Additional storage gains will be made by utilizing data compression within the database. It is expected that the released product will have vastly better compression suitable for production situations and use of nodes.

And do you know why were some blocks empty?

[pyce]

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

[branchun77]

During the short live testing session, approximately 17 gigabytes of data were produced. How will this huge amount of data be handled later?

Due to team official answer blockchain data size is being optimized for transaction size and length. Additional storage gains will be made by utilizing data compression within the database. It is expected that the released product will have vastly better compression suitable for production situations and use of nodes.

And do you know why were some blocks empty?

I feel that it is not bug or something else, they were trying to show real environment conditions, where it is possible to have time intervals without any transactions

[branchun77]

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

The main idea that that cost of fees and any operations referres to different types of fees will be set for 3 years, so I suppose companies will not be involved in any boundaries of discomfort and overpayments, partners will be able to carry out activities with fixed commissions.

[pyce]

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

The main idea that that cost of fees and any operations referres to different types of fees will be set for 3 years, so I suppose companies will not be involved in any boundaries of discomfort and overpayments, partners will be able to carry out activities with fixed commissions.

Thanks for clarification. What about fees, they have mentioned that they are planning to charge low fees beginning with 0,001 usd, but it can be changed if I undertand this correctly. What factors are affect this amount of fees?

[branchun77]

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

The main idea that that cost of fees and any operations referres to different types of fees will be set for 3 years, so I suppose companies will not be involved in any boundaries of discomfort and overpayments, partners will be able to carry out activities with fixed commissions.

Thanks for clarification. What about fees, they have mentioned that they are planning to charge low fees beginning with 0,001 usd, but it can be changed if I undertand this correctly. What factors are affect this amount of fees?

The amount of fees depends on the number of transactions in a round, the sender’s transaction activity, the number of trusted nodes in a round, and the physical transaction size. Personally not aware of some specific formula that they are planning to use for this. Hope it will be more clear in future.

[Notorious2000]

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

The main idea that that cost of fees and any operations referres to different types of fees will be set for 3 years, so I suppose companies will not be involved in any boundaries of discomfort and overpayments, partners will be able to carry out activities with fixed commissions.

Thanks for clarification. What about fees, they have mentioned that they are planning to charge low fees beginning with 0,001 usd, but it can be changed if I undertand this correctly. What factors are affect this amount of fees?

The amount of fees depends on the number of transactions in a round, the sender’s transaction activity, the number of trusted nodes in a round, and the physical transaction size. Personally not aware of some specific formula that they are planning to use for this. Hope it will be more clear in future.

you can find their formula here - https://medium.com/@credits/transactionreleasefee-af2950eb28bf

This question is clarified a quite clearly in this article.

[branchun77]

Hey team. How will constantly changing token rates affect the liquidity? Will this be profitable for partners to pay different fees or the fees rate is going to be fixed?

The main idea that that cost of fees and any operations referres to different types of fees will be set for 3 years, so I suppose companies will not be involved in any boundaries of discomfort and overpayments, partners will be able to carry out activities with fixed commissions.

Thanks for clarification. What about fees, they have mentioned that they are planning to charge low fees beginning with 0,001 usd, but it can be changed if I undertand this correctly. What factors are affect this amount of fees?

The amount of fees depends on the number of transactions in a round, the sender’s transaction activity, the number of trusted nodes in a round, and the physical transaction size. Personally not aware of some specific formula that they are planning to use for this. Hope it will be more clear in future.

you can find their formula here - https://medium.com/@credits/transactionreleasefee-af2950eb28bf

This question is clarified a quite clearly in this article.

Great, Thanks a lot.

[666#666]

Congratulations to Credits team with a victory on Ethfinex and Bitfinex voting!

[666#666]

When are you going to conduct the second phase of load test?