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

[Uelairex]

Is it possible to participate in hackathon if the registration is closed?

Nope, not possible anymore as far as I know, registration finished on Dec 9th

[1713968196]

1713968196

[1713968196]

1713968196

[Uelairex]

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hey there, I think they will be developing it on testnet right after its release.

And what about the amount of paticipants, did it increase? Last time there were 63

Botstorm said here amount of participants grew up to 150 or even more, it's pretty great amount tbh, and  that number was even before Ivan announced it in his video if I'm not mistaken, so I think there's even more)

Can someone clarify this? Or we should wait for official announcement about amount of participants? Is there any precise info at all about it?

[Uelairex]

Just another noob question : what if I run a node and I shut down my computer, and then open it again.
Does it download again the whole blockchain or does it work like differential backup (only the modified/new blocks are downloaded and added to the main database) ?

Just another noob question : what if I run a node and I shut down my computer, and then open it again.
Does it download again the whole blockchain or does it work like differential backup (only the modified/new blocks are downloaded and added to the main database) ?

It will download only new blocks. The old blocks that you've already downloaded are on your PC in the "test_bd" folder.

Yeah, Kotarastra is right, after you shut down your node you'll stop downloading new block. Once you launch your node again you'll begin downloading blocks that were generated while you were offline, synchronization time will depend on how much time you were offline and how many block were generated. I hope that clarifies the process well enough:)

[branchun77]

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hey there, I think they will be developing it on testnet right after its release.

And what about the amount of paticipants, did it increase? Last time there were 63

Botstorm said here amount of participants grew up to 150 or even more, it's pretty great amount tbh, and  that number was even before Ivan announced it in his video if I'm not mistaken, so I think there's even more)

Can someone clarify this? Or we should wait for official announcement about amount of participants? Is there any precise info at all about it?

I suppose it can reach 200 applications approx

[branchun77]

What market is Credits oriented? I mean Asia, Europe or America?

it will be world domination

[pyce]

What are your thoughts regarding blockchain business value in future?

[branchun77]

What are your thoughts regarding blockchain business value in future?

Market research company Gartner estimates that blockchain value-add will grow to 176 billion dollars by 2025

[pyce]

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

[branchun77]

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes

[pyce]

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes

Can blockchain make cars and spare parts cheaper to manufacture?

[branchun77]

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes

Can blockchain make cars and spare parts cheaper to manufacture?

Possible way of employing this technology in manufacturing is a self-performing smart contract, which keeps all documentation in a digital format, thus removing unnecessary workload. This robot does not need to be controlled by the factory management. Developers program the contract and ensure that all terms and conditions as well as possible implications are listed. For example, when materials are delivered to the production base, the amount payable is automatically remitted to the counterparty. Electronic contract is entered into using digital signature. Hard-copy paperwork does not apply at all. It will reduce operational cost and can affect actual cars value.

[pyce]

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes

Can blockchain make cars and spare parts cheaper to manufacture?

Possible way of employing this technology in manufacturing is a self-performing smart contract, which keeps all documentation in a digital format, thus removing unnecessary workload. This robot does not need to be controlled by the factory management. Developers program the contract and ensure that all terms and conditions as well as possible implications are listed. For example, when materials are delivered to the production base, the amount payable is automatically remitted to the counterparty. Electronic contract is entered into using digital signature. Hard-copy paperwork does not apply at all. It will reduce operational cost and can affect actual cars value.

Are there any countries that have already recognised this approach and start its integration? India?

[branchun77]

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes

Can blockchain make cars and spare parts cheaper to manufacture?

Possible way of employing this technology in manufacturing is a self-performing smart contract, which keeps all documentation in a digital format, thus removing unnecessary workload. This robot does not need to be controlled by the factory management. Developers program the contract and ensure that all terms and conditions as well as possible implications are listed. For example, when materials are delivered to the production base, the amount payable is automatically remitted to the counterparty. Electronic contract is entered into using digital signature. Hard-copy paperwork does not apply at all. It will reduce operational cost and can affect actual cars value.

Are there any countries that have already recognised this approach and start its integration? India?

Prospects for blockchain employment have already gained recognition from Japan. AISIN group, a developer and producer of components and systems for the automotive industry, has announced it is setting up a fund ($50 mln) to support innovative technology in the automotive sector, primarily the blockchain. The fund is managed by Fenox.

[Dectonn]

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hi, as i know they are waiting for 3.1 version

Did they release 3.0 or just make some changes to not yet released 3.0? Did they say anything about that?

There's release 3.1 shown on Monitor page, but I think they just made minor improvements to already finished 3.0 that's why it's 3.1)

[Dectonn]

Is it possible to participate in hackathon if the registration is closed?

Nope, not possible anymore as far as I know, registration finished on Dec 9th

Can't wait to know final number of participants! Hope there's a lot of people

[Dectonn]

What are your thoughts regarding blockchain business value in future?

Market research company Gartner estimates that blockchain value-add will grow to 176 billion dollars by 2025

That can be considered rather good, do they forecast it farther than 2025?

[alan2here]

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.

[Dectonn]

Can someone explain to me how private chains can be beneficial to CS and its investors? Like will they generate value to CS coin or something?

[Dectonn]

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.

What exactly are you unhappy with? lol

[Ghebung Masam]

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.

try visiting their official twitter, I think they are more active there in giving the latest notifications about the updates they are doing.
https://mobile.twitter.com/creditscom