INTRODUCTION
With block-chain, we keep having more and more innovative platforms as we leverage on block-chain technology potentials/utilities.
Every new electronic/digital platform is introduced into the digital market for a specific purpose and never for the fun of it. It's always with the motive (aim) of tackling certain problems, mitigating limitations or improbing on already existing solutions. In other words, every new platform either addresses a specific (carefully ascertained) problems or improve on certain existing solutions/services.
Meanwhile, usually, a new platform is directed towards a specific sector, such as any one of: industry, finance, administration, foreign exchange, mobile technology, city/estate management, and son on. This is because digital innovations could be applied to most or all sectors of the global markets.
Many platforms have been introduced over the years, solving specific problems as these problems arise.
In order to address another of such challenges facing digital systems, a solutions is presented through a de-centralized peer-peer financial system knowns as CREDITS-platform.
Shall we unravel what CREDITS is all about?...
UNRAVELING CREDITS (What it's about)
The purpose of CREDITS is that which is specifically for finance sector or systems.
CREDITS was set-up for the purpose of bringing about the formation of better financial services/activities. Financial activities usually include Exchanges (money and value), loans (credits), funds sourcing, and so on, and these would involve parties or participants who are expected to interact based on agreement while certain conditions are set, worked with and fulfilled.
Obviously enough, he globe has turned actively towards ensuring person's interactions based on the peer---peer structure. Many people now do and prefer to do a lot online. Decentralization 'everywhere' had made a lot of feats to be achieved in various sectors.
Nonetheless, in the financial-services sector, there's still a lagging-behind, in terms of de-centralization or peer-peer rule. The knowledge of this constraint helps us to see how important CREDITS is in this decade and beyond.
So,...
THE IMPORTANCE OF CREDITS!
As earlier noted, there is still a lagging-behind in the financial sector when it comes to ensuring de-centralization. For de-centralization to be efficiently enabled in this (finance) sector, an enabling environment needs to be established. The main constraints hindering the establishment of the necessary enabling environment for de-centralization/peer-peer system in finance services include:
The (lack of) need for great and fastest possible processing speed, given a huge amount of transactions, at lowest cost.
The need for a developed system wherein all participating members and the system's objects are most effectively brought together and managed singly for de-centralization. These objects include withdrawing and deposit of crypto, KYC, users' management, etc.
With CREDITS, just one distributed (ledger-principle) platform merges and manages all participating members of financial services and all of their activities, with guarantee of maximum safety, speed and low-cost.
HOW DOES CREDITS OPERATE?
CREDITS function based on a few principles and technology, namely:
Distributed-ledger system; de-centralization
Smart-Contracts
Federative-voting system
Token: the platform uses CREDITS (Token) whose 1 value equals 1 ERC-20.
CONCLUSION
CREDITS is a new, credible, timely and effective means of applying block-chain's power in the finance markets as well other markets where block-chain couldn't be applied initially due to limitations in relations to speed, and cost of transactions.
For more information about Credits visit:
WEBSITE OF PROJECT: https://credits.com/en/Home/Index
š„GROUP ON TELEGRAM: https://t.me/creditscom
š„CHANNEL TELEGRAM: https://t.me/CREDITSoffical
š„WHITEPAPER: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
š„ANN THREAD: https://bitcointalk.org/index.php?topic=3375263
š„FACEBOOK PAGE: https://www.facebook.com/creditscom/
š„TWITTER URL: https://twitter.com/creditscom
š„MEDIUM LINK: https://medium.com/@credits
š„REDDIT: https://www.reddit.com/r/CreditsOfficial/
LINKEDIN ACCOOUNT: https://www.linkedin.com/company/13370238/
MY BITCOINTALK USERNAME: Adaora2323
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
MY WALLET ADDRESS: 4ABSNzgN6R9AFXBUEbjzJzJRUv3vEwx6SrU6iv9HzhBa
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