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

[Uelairex]

Also while I'm at it, I've heard Igor is attending a conference in Paris by the end of Jan, is there any info about what he'll speak there or any info about it at all?)

I think you could find the topic of his speech on the conference's website.

[Uelairex]

Is there any info on when Dev's journal will be released or some info about audits?

Nah, they haven't told us anything yet, just teasing so far:)

[Uelairex]

Can anyone explain to me how copyright protection will work with Credits, got a friend  struggling with it, with ownership rights I mean, maybe Cs could help him with that after the release 

[Vasiliyolego]

When IBM running 200 nodes?

I don't think they all will be launched right away after the release, but only a part of it and maybe later add some more to provide the network with more high-spec nodes

Thanks for clarification

[Vasiliyolego]

Nowadays, it is extremely difficult to track illegal data distribution and copyright breach on the Internet since free copying is almost unrestricted. How can Credits blockchain protect the rights of authors?

[666#666]

Nowadays, it is extremely difficult to track illegal data distribution and copyright breach on the Internet since free copying is almost unrestricted. How can Credits blockchain protect the rights of authors?

Credits platform enables to authenticate any digitalized work through a verified transaction. A user who wants to certify his work can initiate a transaction.The system will store the user’s file, and the data about it and the transaction will always be available in the hash of the transaction.To authenticate each individual work, the user simply initiates a new transaction.

[666#666]

Can anyone explain to me how copyright protection will work with Credits, got a friend  struggling with it, with ownership rights I mean, maybe Cs could help him with that after the release 

Check my post above

[Vasiliyolego]

Nowadays, it is extremely difficult to track illegal data distribution and copyright breach on the Internet since free copying is almost unrestricted. How can Credits blockchain protect the rights of authors?

Credits platform enables to authenticate any digitalized work through a verified transaction. A user who wants to certify his work can initiate a transaction.The system will store the user’s file, and the data about it and the transaction will always be available in the hash of the transaction.To authenticate each individual work, the user simply initiates a new transaction.

What is the max size of uploaded files?

[666#666]

Nowadays, it is extremely difficult to track illegal data distribution and copyright breach on the Internet since free copying is almost unrestricted. How can Credits blockchain protect the rights of authors?

Credits platform enables to authenticate any digitalized work through a verified transaction. A user who wants to certify his work can initiate a transaction.The system will store the user’s file, and the data about it and the transaction will always be available in the hash of the transaction.To authenticate each individual work, the user simply initiates a new transaction.

What is the max size of uploaded files?

The size of uploaded files is not limited, which is convenient.

[Vasiliyolego]

Is there an alternative? And what is better?

[666#666]

Is there an alternative? And what is better?

Of course there are a lot of services that are on the side of the author and protect the author’s content from illegal copying. I personally think blockchain is better. Sometimes in case of controversy authors provide their social network page data as evidence. The proof of this kind often works. However, such sites are known to impose specific requirements to content or censor publications, which some authors are not satisfied with.

[Vasiliyolego]

Nowadays, it is extremely difficult to track illegal data distribution and copyright breach on the Internet since free copying is almost unrestricted. How can Credits blockchain protect the rights of authors?

Credits platform enables to authenticate any digitalized work through a verified transaction. A user who wants to certify his work can initiate a transaction.The system will store the user’s file, and the data about it and the transaction will always be available in the hash of the transaction.To authenticate each individual work, the user simply initiates a new transaction.

Thus, a verified and signed transaction is very simple and reliable method to confirm authorship.

[anggriani]

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

[Kotarastra]

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Credits have recently released new version of their platform Testnet 3.4 and are going to make additional security audits, so the swap of tokens moved to Q1

[buurraakk]

Hello Guys! What will happen to CS erc20 tokens if etherium hardforks before the token swap?

Who cares.

Mainnet won’t release anytime soon anyway

Probably q4-19 earliest looking at the state of testnet.

Will probably drop to .004ETH this week.

Well, people who are holding CS would care for starters.   

Yeah, q4, don't make me laugh, you're not a developer, you haven't look at the code or tested the platform. So what that testnet is unstable right now?  It has all functions, all they have to do is stabilize it which surely won't take them long and then continue with optimizations while audits are cooking.

Sometimes I simply don't get this negativity from people...

Yeah exactly. Audits were the excuse

Red4sec audit took 4 months
Fpcomplete is still ongoing.
3 more are planned

And you think those 3 will finish their audits in 2 months?

Will take at least 6 months.

Dude, when red4sec was announced and afterwards the code went through a lot of iterations and each time new code had to be provided to Red4Sec, because at that time platform didn't have all functions, but this one has and remember that auditing security of a wallet is not the same as auditing security of a consensus algo.  Wallets won't take much time, as for the other components, they are already finished and just require optimizations. 3months will suffice for audit companies to finish security audit

What wallet?
You mean the two lines of java called an excuse of a wallet? XD

How is the testnet 3.4 going?
How long did it take for the network to fork and crash? 4 minutes?

Yeah the 1.3mtps internal speed test result sounds really reliable with a testnet that crashes after 4 minutes.

Dont think mainnet will launch anytime soon.
They made almost 0 progress with the testnet since the “private mainnet” bullshit.

[buurraakk]

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Credits have recently released new version of their platform Testnet 3.4 and are going to make additional security audits, so the swap of tokens moved to Q1

Yeah did you know the .x stands for how many minutes the network was online?
When 3.5 comes out, it will last 5 minutes before forking lol.

[Dectonn]

Nowadays, it is extremely difficult to track illegal data distribution and copyright breach on the Internet since free copying is almost unrestricted. How can Credits blockchain protect the rights of authors?

Credits platform enables to authenticate any digitalized work through a verified transaction. A user who wants to certify his work can initiate a transaction.The system will store the user’s file, and the data about it and the transaction will always be available in the hash of the transaction.To authenticate each individual work, the user simply initiates a new transaction.

Is there any detailed description of how it'll or should work?  Like through smart contract, some dapp maybe or?

[Dectonn]

I haven't been following credit for a long time, so has the token swap occurred, between CS erc20 into the CS token? Has the platform been launched?

Nah, it's been moved to Q1 for more audits and platform optimizations. People are playing with testnet right now and help team to test it in real-world environment

[Dectonn]

Hello Guys! What will happen to CS erc20 tokens if etherium hardforks before the token swap?

Who cares.

Mainnet won’t release anytime soon anyway

Probably q4-19 earliest looking at the state of testnet.

Will probably drop to .004ETH this week.

Well, people who are holding CS would care for starters.   

Yeah, q4, don't make me laugh, you're not a developer, you haven't look at the code or tested the platform. So what that testnet is unstable right now?  It has all functions, all they have to do is stabilize it which surely won't take them long and then continue with optimizations while audits are cooking.

Sometimes I simply don't get this negativity from people...

Yeah exactly. Audits were the excuse

Red4sec audit took 4 months
Fpcomplete is still ongoing.
3 more are planned

And you think those 3 will finish their audits in 2 months?

Will take at least 6 months.

Dude, when red4sec was announced and afterwards the code went through a lot of iterations and each time new code had to be provided to Red4Sec, because at that time platform didn't have all functions, but this one has and remember that auditing security of a wallet is not the same as auditing security of a consensus algo.  Wallets won't take much time, as for the other components, they are already finished and just require optimizations. 3months will suffice for audit companies to finish security audit

What wallet?
You mean the two lines of java called an excuse of a wallet? XD

How is the testnet 3.4 going?
How long did it take for the network to fork and crash? 4 minutes?

Yeah the 1.3mtps internal speed test result sounds really reliable with a testnet that crashes after 4 minutes.

Dont think mainnet will launch anytime soon.
They made almost 0 progress with the testnet since the “private mainnet” bullshit.

I mean the wallet, the code of which you can find at Github, but, well, it's you who I'm talking to, so know that there's github available.

It can be considered reliable, cause nodes were spread across the globe, dude, and number of nodes is not that relevant for their performance, it's relevant for stable tps.

That's how real environment testing goes, you know, 2.x run stable for a month or so, but at that time it hadn't all features, so I assume once they added all of them, something triggers network to go down. They patch things, release it to public and see how network behaves. All I can see is some frustraded dude who got banned for being a jerk in the chat.

[Dectonn]

Any info from the team about when the patch for current version will come out?