CREDITS is an open blockchain platform with autonomous smart contracts and the internal cryptocurrency. The platform is designed to create services for blockchain systems using self-executing smart contracts and a public data registry.
+Minimum viable product (MVP) you can test here - https://credits.com/en/wallets/login
+The Alpha version is ahead of schedule and is expected to be released in January 2018, prior to the ICO. The full release will be approximately four months later.
General
CREDITS platform is the first completely autonomous blockchain system. The platform offers a new, extended application programming interface (API) that utilizes a Turing system capable of creating services using cycles, schedules, and unique functions. No other platform offers smart contract execution speeds near those of CREDITS. In addition, the CREDITS platform can function completely autonomously and without the need for external systems participation. Accordingly, CREDITS is fundamentally differentiated from any other current blockchain platforms.
The CREDITS blockchain platform can be applied in all areas of the economy, where high level of data security, fast data processing and automation of business processes are required. (financial institutions, insurance companies, payment services, exchanges, iot...)
Advantages
More than 1,000,000 transactions per second, with future scalability to 10,000,000 per second
As little as about 0.01 seconds per transaction
As low as 0.001 USD per transaction
New, advanced functionalities with developer-friendly interface and programmability
Comparation with bitcoin and etherium
| Features | CREDITS (CS) | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|---|
| Registry type | blockchain + DLT | classic blockchain | classic blockchain |
| Decentralized nodes | Yes | Yes | Yes |
| Block Size | Dynamic | 1 Mb | Dynamic |
| Consensus Algorithm | DPoS + BFT | Proof of Work | Proof of Work |
| Flexible configured blockchain | Yes | No | No |
| Coins | CREDITS (CS) | Bitcoin (BTC) | Ethereum (ETH) |
| Blockchain type | Public | Public | Public |
| Turing-complete code for developing smart contracts | Java language | Non-systematic | Solidity. Not complete, restricted. |
| Decision Making Process | BFT | Non-systematic | Non-systematic |
| Crypto algorithm | Symmetric-key algorithm + Asymmetric-key algorithm | Asymmetric-key algorithm | Asymmetric-key algorithm |
| Using third-party systems | Yes | No | No |
| Smart contacts | Yes | No | Yes |
| Allowed to create own application | Yes | Yes, but very difficult | Yes |
| API | Yes | No | Yes |
Roadmap
- January 2017
- Development of White paper
- October 2017
- MVP Launch; Pre-Sale
- January 2018
- Issue Alpha Version; First Users
- February 2018
- ICO Launch; Placement on exchanges
- March 2018
- Issue Beta Version
- June 2018
- Release; New services
- Release; New services
Advisors
Nitin Gaur
Director at IBM Blockchain Labs Austin, USA
Michael Kapilkov
Blockchain Advisement New York
Kyle Wang
Senior Consultant IBM Cleveland, USA
Christophe Ozcan
Blockchain technical - Expert France CEO & Co-founder at Crypto4All, Blockchain Ecosystem Advisor at Rockchain
Token sale
Credits plans to raise between 15 and 20 million USD during the Pre-ICO and ICO.
The company will only have access to 50% of the funds collected (max 7-10 million USD) during the first half of 2018. These funds will be used for development and marketing. Unspent funds will be unlocked after the full release of the platform.
| ICO dates | Feb 01st 2018 - Feb 28th 2018 |
|---|---|
| Soft cap | $15 mln USD |
| Hard cap | $20 mln USD |
| Tokens caount | 1 000 000 000 |
| Price | 1 ETH = 5000 CS (CREDITS) |
| The minimum payment | 0.01 ETH; |
Token allocation
Contacts
Website: https://credits.com/en/home/ico
Whitepaper: https://credits.com/Content/Docs/CREDITSdeckENG.pdf
Technical Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=2401248
Telegram - https://t.me/creditscom
Twitter - https://twitter.com/creditscom
My Account BTT : https://bitcointalk.org/index.php?action=profile;u=1418963