ABOUT CREDITS BLOCKCHAIN
Credits is a blockchain ecosystem that has a very high availability and capacity. As the blockchain ecosystem grows day by day different solution are being discovered and offered in the space. Credit as an open source blockchain ecosystem will solve the problem of scalability. It is based on P2P principles and has been designed as as a veritable instrument for both financial sector and the Internet of Thing (IoT).Credits platform is highly effective, it is capable of handling over a million transactions in just a second, it offers lower fees, that means the transaction cost on the platform is very cheap and offer lightening transaction speed. It is an open platform that gives room to various developers building their DApps
CREDITS BLOCKCHAIN SOLUTIONS .
Credits has offered various blockchain solution to enable broader adoption by individuals,developers, companies, governments, and more to simplify their mode of operation and enabling them achieving efficiency and economic of cost in their various business undertakings. Below are the sustainable solution Credits Blockchain has offered the masses.
Credits Smart Contracts: It is an open blockchain platform for smart contracts that is capable of executing over 1,000,000 transactions per second. Credits economy is fully operated on autonomy using the smart contracts which support the feature of loops and task scheduling.
Credits Storage: As I mentioned earlier, the entire system of operation is autonomous, Without Centralized administration ,Credits offer storage solution service in a decentralized blockchain network for any kind of computer information.
CREDITS IoT: Credits Platform functions as a independent, reliable, and decentralized solution for the (IoT), Internet of Things which enable devices to store information in blockchaain with the use of API and pairs of private and public keys through smart contracts.
Public Ledger: Credits provide total decentralized and retaining of transaction records in their public transactions register. Companies and organizations can implement the service of their Public register for Proof of confirmation of work performed.
CREDITS PLATFORM OFFER SOURCE OF INCOME TO THE USERS
CREDITS CONSENSUS ALGORITHM
Users who operate nodes is contributing to the network-effective operation, Node operations allows blockchains working on consensus algorithm with full decentralization. They activities helps in validating blocks in the blockchain. Node operators on Credit blockchain are entitled to some passive income with low energy cost for coins mining. Operating Masternodes on Credit blockchain does not require high-cost energy and this benefits the node operators a lot and allow them to earn a reasonable income. Credits Consensus Algorithm is (PoA) meaning Proof of Argeeement which incorporates the features of DPoS ( Delegated Proof of Stake and Byzantine Fault Tolerance ( BFT)
STAKING COINS ON CREDITS PLATFORM
According to Credits Protocol, it requires 50,000 credits coins in users' wallets to stake on the platform. The node requires 50,000 coins allow participation in the consensus mechanism in other to be eligible for staking rewards. The stake amount doesn't have any effect on the frequency of node participation in the consensus protocol.On Credits platform, rewards are generated through the fees generated from the general operation within the ecosystem, which are mentioned below:
Transferring Credits coin between platform users attracts some fees. Execution and deployment of smart contracts is another service that attracts fees in the Credits platform. Transferring Credits tokens is another means of realizing revenue by the platform and purchasing information from 3rd party sources for services with the system attracts some fees as well.
CREDITS SWAP
FINAL THOUGHT
Increase adoption and application of Credits blockchain solution in various real business model will certainly increase the transactions magnitude within the network. Several companies have partnered with Credits and using their services and more will partner in the future which will enlarge the network transactions and the robust the Credits network activities, the higher their platform grows and the increase in the value of the platform coins and increasing the earning capacity of the Credits blockchain Node operators. Credits has offered a complete blockchain infrastructure which the space has been lacking for a while. It really worth investing in this class of futuristic project. Nevertheless, this is not an investment advice, I urge any prospective investors to conduct their personal research before investing in any platform.
Official Resources
Website : https://credits.com/
Whitepaper:https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf
Credit Enterprise:https://creditsenterprise.com/
Facebook :https://www.facebook.com/creditscom/
Twitter: https://twitter.com/creditscom
Telegram: https://t.me/creditscom
Developers :https://developers.credits.com/
Github: https://github.com/CREDITSCOM
ANN : https://bitcointalk.org/index.php?topic=2401248.0
CREDITS wallet : https://wallet.credits.com/
Authorship:
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
CREDITS wallet address: 3ioxPjfmAmWv8KVigHpstefgLD7rV3drRiRRMGcWmddg
