Hello everyone, I have been very busy with the activities that I have to do in my real life for more than a few months. But on this occasion, I will give a little update/review regarding the project that this time I follow, for the project, namely Credits
Currently on Coinmaketcap #CS is ranked 180th.
Credits A year ago with the crisis of the global cryptocurrency market. Credits still follows the roadmap outlined on the Whitepaper to create solid trust with investors.
What a Credits (CS Coin)?
Credits is a private internal blockchain protocol called CREDITS (CS). It promises to implement a unique and unique implementation of blockchain technology. Advantages include better technical networking capabilities, cheaper transaction costs, and a higher number of operations per second.
Credits are the new cryptocurrency aimed at finance and the Internet of Things (IoT). To achieve this goal, Credits is designed to provide fast transactions, fast costs and advanced smart contract functionality. By reducing transaction speed and cost, Credits is aiming to become a viable alternative to credit cards, where transactions are completed in seconds and with volumes far beyond current capabilities. of leading cryptocurrencies like Bitcoin.
Credits is also targeting the smart contract market by providing "advanced, fully integrated smart contracts." Features included are external API extension and introduction of cycles and scheduling function. In addition, smart contracts implemented for the Credit platform can be written in the Java programming language, providing developers with a more familiar experience and reducing the learning curve associated with Smartwatches are based on Ethereum's Solidity.
Overview of Credits platform
Token Name : CS
Total issued coins : 249,471,071 CS
Currently released : 152,434,130 CS
Credits uses the Ethereum ERC 2.0 platform
Transaction speed : Maximum of 1,000,000 transactions per second.
Interval interval : 3 seconds (average).
Block size : Dynamic
Consensus algorithm : Proof of ownership (DPoS) and mBFT are delegated
Decision making process: Democratic Congress (each node has one vote).
Contract execution speed : Maximum 100,000 transactions per second
Cryptographic algorithm : Symmetric key algorithm + asymmetric key algorithm
Ultimately, Credits is designed to be a high-end blockchain for financial applications. Obviously, blockchains like bitcoin have faced criticism for their scaling issues, slow transaction times, and high costs. With that in mind, Credits wants to create a new platform for launching and managing financial products through smart contracts on distributed ledger.
Features of Credits
Here are some of the core features of the Credits platform, including how blockchain technologies work - and what makes Credits different from other leading platforms:
Built on Blockchain : Credis is built on distributed and open source repository system. Blockchain can be implemented in public and private networks.
Faster transactions : Credits seem to have won the race against other cryptocurrencies like Bitcoin and Ethereum when it comes to transaction speed. It completes its transaction in a period of about 3 seconds.
Forming blocks : Credits set the authority at the transaction level, with transactions added to the block to seek the next consensus algorithmically.
Consensus model: The Credits consensus model is described as "a federation with a mechanism that resolves most nodes having the right to make decisions".
Smart contracts : Credits support smart contract capabilities, with each smart contract implemented in a separate virtual machine environment. This allows the development of scripting languages (like JavaScript) as well as extending work with the scheduled calendar. By using the concept of Smart Contract, Credits eliminates the need for intermediaries for many different financial transactions.
Decentralization system : Blockchain technology has an agreement with the competent authorities of the respective countries. This means that blockchain technology can operate without interruption and without servers.
Scalability : Credits are designed to be scalable. When a blockchain says it can expand, it means that the number of transactions increases as the number of nodes increases. Credits have no mining system, so all coins are pre-issued in a certain amount.
Right now, Credits has a viable minimum product (MVP) with many of the above features. MVP can be viewed online today .. MVP has a decentralized network, in which each node is a client and performs server functions. MVP also has a wallet, transaction savings for blockchain and on-premises consensus algorithm.
How are Credits different from other cryptocurrencies?
Credits provides a solution to many problems in the financial industry. There are many processes that can be completely eliminated by implementing Credits. This will not only make the operation easier but it will also boost profits.
Its transaction speed is much faster than that of cryptocurrencies on the market. Credits can process a transaction in just 3 seconds, compared to many minutes of inherited cryptocurrency like Bitcoin.
Credits provides a stable network and significant bandwidth for its users. This is a feature often lacking in other cryptocurrency blockchains.
A dynamic block size also increases the scalability of Credits.
Where to buy and sell Credits (CS Coin)?
You can trade CS Coin on exchanges such as: Kucoin , Lbank , IDEX, Gate.io, Coinbene , Tidex. In which, the highest volume of CS coin trading is Kucoin.com , accounting for 23% of the total CS trading volume, Kucoin is a fairly large exchange in the world with a large trading volume. to CS coin, you should buy and sell on Kucoin. I have some tutorial articles on this floor you can refer to:
Instruction on registration, identity verification, full episode on Kucoin
Instruction to buy and sell Telcoin on kucoin from A - Z in detail
In addition, you can buy and sell BTC, ETH on Remitano and then transfer to Kucoin or the above exchanges to buy CS Coin.This is your trading floor, BTC, ETH, very reputable, transaction fee. cheap, and free withdrawal of Coin and VND money.
Where to store CS
Credis is developed on the Ethereum ERC 2.0 platform, so you can store CS coins on wallets such as Jaxx, MyEtherWallet , Ledger Nano S , TREZOR , Ethereum Wallet .
In addition, if you store short-term or trade coins, you can store them at the exchanges mentioned above.
More information about Credits
Official website : https://credits.com
Telegram : https://t.me/creditscom
Facebook : https://www.facebook.com/creditscom
Twitter : https://twitter.com/creditscom
Github: https://github.com/CREDITSCOM
Medium : https://medium.com/@credits
Reddit : https://www.reddit.com/r/CreditsOfficial
Disclaimer: I am not a financial advisor and this is not to be considered financial advice, it is merely my opinion and any investment should not be taken without speaking to a qualified professional first.
Information Author :
Bitcointalk username: bestfrend2018
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2501046