Blockchain technology has become the core foundation of several digital platforms which continually facilitates progressive activities carried out by people based on specific purposes such as payments, trading etc. The unique features of blockchain includes decentralization, which bolsters transactions speed and transparency, favorable towards development of the financial market. Thus, CREDITS project 's team have taken interest in blockchain, particularly leveraging it in development of CREDITS platform which possess high level of transaction speed with a capacity reaching more than 1,000,000 transaction/speed rate. CREDITS platform's scalability can achieve more than 10,000,000 per second with continuous improvement, wherein any transaction processed in CREDITS platform is up to 0.01 sec per transaction.
The CREDITS platform is established to offer unique applications designed for financial activities, gaming, IoT, payment and interoperable with other platforms, where users are also allowed to carry out Peer 2 Peer transactions using the platform as a medium.
Existence of Peer 2 Peer concept in CREDITS ecosystem eliminates centralized flaws and reduces transactions cost because of removal of third parties, smart contract integration in CREDITS ecosystem records business deals between parties and ensures there is no manipulation or fraud in the transaction.
TECHNICAL FEATURES OF CREDITS PLATFORM
Using combined ingenious technologies involving blockchain and DLT public block, ensures the size of block used by CREDITS remains efficient and refined with integrated Dpos and BFT consensus algorithm. CREDITS platform is developed with flexible configured blockchain while crypto algorithm type utilizes Symmetric key algorithm and Asymmetric key algorithm.
Implementation of ApIs ensures the platform supports application wherein, the platform accommodates smart contract that provides capability to achieve sustainability and support CREDITS cryptocurrency. In regard to this, the platform activities is powered by CREDITS which serve as the main cryptocurrency to enable users carryout payments and transactions.
To present the benefits of CREDITS and why you should utilize the platform for your business activities, I will make a brief comparison between CREDITS platform and other platforms.
BITCOIN - FEATURES : Utilized as medium for payment and currency units, slow blockchain and task can be transferred from one user to another.
SIMILARITIES : Public blockchain, internal encryption currency differences.
CREDITS : Support various types of digital currencies, available smart contract and fast blockchain.
RIPPLE- FEATURES : used for currency exchange and billing systems, inaccessible to companies and developers.
SIMILARITIES : fast blockchain, completely specialized in financial differences, serve as billing system for varieties of currencies.
CREDITS : presence of smart contract, accessible to any company or firm, provides new model for participants interaction for continuous development of decentralized financial services
ETHEREUM - FEATURES : Specializes in development of intelligence contracts, record activities in blockchain, accessible to industries, slow blockchain.
SIMILARITIES: Smart Contract availability, internal currency encryption differences.
CREDITS : Availablility of different computing mechanisms to support currency, internal utilization, aims on financial economy, fast blockchain or ledger.
FINAL THOUGHT
CREDITS platform exist as the suitable platform with solutions to poorly developed financial gateway worldwide. The platform offers low cost financial services, high speed transactions and capable of handling vast amounts of transactions per second, therefore CREDITS platform remains completely competent and reliable for digital online payments, IoT applications and much more.
Kindly use the links below for more information on CREDITS :
Website: http://credits.com
Whitepaper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Twitter: https://twitter.com/CreditsCom
Facebook: https: //www.facebook .com / creditscom /
Telegram: https://t.me/creditscom
Reddit : https://www.reddit.com/r/CreditsOfficial/
GitHub : https://github.com/CREDITSCOM
Medium : https://medium.com/@credits
LinkedIn : https://www.linkedin.com/company/13370238/
YouTube : https://www.youtube.com/channel/UCD9jHWhwq4l03Yu5XnOPEhg?sub_confirmation=1
Instagram : https://www.instagram.com/credits_com/
Ann: https://bitcointalk.org/index.php?topic=3375263.0
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary