Blockchain technology is the newest in the tech industry and business, financial institution, centralized applications and even Governments are already moving to Blockchain technology and adopting the tech as a way to better secure and manage their data in a more honest and transparent way.
Blockchain has over the year been faced with various challenges which will increase in the future as more sectors of the economy join the network. Currently already exiting Blockchain are been faced with the following challenges which includes:
- High cost of transaction
- Low network capacity(not scalable)
- Time of payment and smart contract execution
- Takes longer time to execute a transaction
- Miners preference on transaction(The higher your transaction fee the quicker your transaction)
- And so many more……………
There has been a need for a new generation of Blockchain to address all these challenges been face by the already exiting Blockchain. COULD CREDITS BLOCKCHAIN SLOVES ALL THAT? Well let’s take a look at credits
CREDITS is a decentralized blockchain platform with smart contracts and internal cryptocurrency to be used within the blockchain network. The platform is designed to create services for blockchain systems using self-executing smart contracts and a public data registry.
What Makes CREDITS blockchain different to already existing chains?
Low Transaction fee Credits transaction fee is as low as 0.0001 USD per transaction
Speed Credits can execute transaction in about 0.01 seconds per transaction. This is super-fast compare to any existing blockchain
Scalability The platform can execute more than 1,000,000 transactions per second and be able to scale to more in the future
No mining required - All coins are issued in advance, during and in conclusion of ICO period. All commissions are distributed between the main and trusted nodes. No need for power-hungry proof-of-work calculations which slow down networks
Data compression is reduced to increase network bandwidth and minimize the required disk space of node owners.
Asynchronous system parallel processing of transactions significantly increases the number of transactions processed per second.
New Smart contracts capabilities
Cycles and schedules which can allow a smart-contract to cycle round or to be schedule at a particular date and time
Advanced application programming interface (API)
Software development kit (SDK)
Java virtual machine (JVM) language
So much more about what Credits can do.
CREDITS have scheduled their ICO for the CS token you can participate and join the a new generation of blockchain
Learn More About CREDITS:
White Paper
Visit Website
MPV
Follow On Twitter
Like On Facebook
Join Telegram
This project will definitely be a huge success and i am investing in this great project.
So Guys let me know what you think of this project.
Note: I am just sharing my personal opinion on the ICO I want to invest on. Do your own research before getting into any ICO. Investing in ICO is risky and you could lose your money
Their prototype is looking great ... !