cheus (OP)
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November 14, 2017, 10:36:12 AM
Last edit: April 23, 2018, 09:34:24 AM by cheus |
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Official CREDITS ANN thread ______ | . |  ------------ |  ------------ |  ------------ | ------------ |  ------------ |  ------------ |  ------------ |  ------------ |  ------------ |  ------------ | ------------ |  ------------ |  ------------ | | . | website | whitepaper | t.me/group | t.me/channel | facebook | instagram | linked in | medium | twitter | ann thread | bounty thread | youtube | reddit |
Other Languages ______ | . | Chinese Simplified : (ANN, Whitepaper)
Korean : (ANN, Whitepaper)
Japanese : (ANN, Whitepaper)
Spanish : (ANN, Whitepaper )
German : (ANN, Whitepaper)
Indonesian : (ANN, Whitepaper)
Vietnamese : (ANN, Whitepaper)
Romanian : (ANN, Whitepaper)
| Portuguese : (ANN, Whitepaper)
Dutch : (ANN, Whitepaper)
Italian : (ANN, Whitepaper)
Bulgarian : (ANN, Whitepaper)
Slovenian : (ANN, Whitepaper)
Thai : (ANN, Whitepaper)
Danish : (ANN, Whitepaper)
Greek : (ANN, Whitepaper)
| Hindi : (ANN, Whitepaper)
Polish : (ANN, Whitepaper)
Russian: (ANN,Whitepaper)
Turkish: (ANN, Whitepaper)
French: (ANN, Whitepaper)
Filipino: (ANN, Whitepaper)
Arabic: (ANN, Whitepaper)
Croatian : (ANN, Whitepaper) |
Product ______ Alpha version of the CREDITS platform is available to all users
Look. Learn. Test. Our team is already preparing a Beta version for you. | . | ---- ---- | ---- ---- | ---- ---- |
Presentation ICO details ______
ICO caps
Soft cap $15 mln USD
Hard $20 mln USD
Min cap $1.5 mln USD
1 ETH = 5 000 CREDITS (CS)
PreICO dates: 10th Nov 2017 - 31th Dec 2017 ICO dates: 17th Feb 2018 - 28th Feb 2018 Round 1 - Feb 17, one day for collecting funds from strategic partners. Total amount approx. 10%
Round 2 - Feb 18-20, two days for collecting funds from all wallets registered and approved in whitelist.
Individual cap for round 2 will be determined after closing the whitelist. Round 3 will take place if hard cap isnt collected in Round 2.
Round 3 - Feb 20, the start of public ICO with individual cap about 1eth. CONGRATULATIONS DEAR COMMUNITY! CREDITS ICO REACHED HARD CAP Where is CREDITS (CS) currently listed ______ PROBLEM ______
Creation and performance of financial products on the basis of blockchains and smart contracts with quick transactionsGOAL ______ The creation of a decentralized sector of financial services on the basis of the participant(s), bypassing specialized financial institutions such as banks and intermediariesWHY CAN'T THIS BE DONE NOW? ______ Popular platforms like Ethereum are not ready for financial transactions due to a slow rate of 0.5-15 minutes and a price of about 0.02-0.5 dollars per transaction. This is unacceptable for the financial industry.CREDITS - creates a new platform for the operation of financial products on a unique scheme of building a blockchain/ledger with smart contracts, which achieves:
A speed of processing transactions up to 1 million transactions per second
An average processing time of 3 seconds per transaction
Very inexpensive processing cost
BITCOIN ETHEREUM
Approximately 100 operations per second
Average processing time of 0.5-15 min
Cost up to 0.02-0.5 dollars per transaction
CREDITS aims to achieve a performance of 1 million transactions per second, an average processing time of 3 seconds and a mean peak value of 10 seconds.
The system is a distributed database with the principles of a blockchain/ledger - decentralized management and transfer of digital assets, invariability of records.
1. Distributed, decentralized storage and open source.
2. Support for public and private networks
3. Each entry is entered into the database of the blockchain/ledger without Merkle trees and sidechains by the processing of consensual transactions.
4. Coded in C/C++ with OOP principals - has the ability to build other compilers
5. Permissions set at the transaction level
6. The system is scalable (as the number of nodes increases, the number of transactions
processed per unit of time increases)
7. Transactions are added to the block for later consensus
8. Consensus model: federal with a mechanism for resolving most nodes with the permission to make a decision.
9. Virtual machine (VM) is used for executing smart contracts. Each contract executes in a separate isolated environment for increased security in VM, development is allowed in script languages (for example, JavaScript), extended work with the calendar and scheduler
10. PoW (Proof-of-work) + PoC (Proof-of-Capacity). Coins are issued in advance for a certain amount.
Bitcoin - payment system and money unit. The task is only to pass from one user to another. Slow blockchain
Similar: public blockchain/ledger, the internal cryptocurrency
Differences CREDITS: fast blockchain/ledger, the availability of smart contracts, orientation on the financial sector, supports different currencies
Ethereum - emphasis on the creation of smart contracts and recording them in the blockchain. All else is solved through the use of third-party services. Oriented for all industries. Slow blockchain
Similar: smart contracts, internal cryptocurrency
Differences CREDITS: another quick blockchain/ledger, supports different currencies, uses an internal system of calculations, focused on the financial sector
Ripple - only used as a settlement system and currency exchange. Closed for developers and companies
Similar: fast blockchain/ledger, a system settlement for different currencies, focused on the financial sector
Differences CREDITS: the availability of smart contracts, an open developers platform, any company can connect to the platform
What is CREDITS?
______ New open platform CREDITS for creation and management of financial services on the basis of the blockchain/ledger
The unique system of building a blockchain allows you to build financial services with high speed transaction processing up to 1 million per second and average speed transaction processing in 3 seconds. CREDITS truly opens up new opportunities to use the blockchain technology in the financial sector.NEW GENERATION OF BLOCKCHAIN ______ | . |  SUPER HIGH SPEEDBlockchain with up to 1 000 000 transaction per second |  PROCESSING TIMEAverage processing time is 3 second per transaction. |  VERY LOW PRICEVery low cost of transaction. |
It is a platform with completely new technical network capabilities, speed, cost of transactions and total number of operations per second. It is an open platform which means that users and companies can create online services that implement the blockchain protocol.
We offer a new product for users. We designed new features by creating new algorithm to search for a consensus; a new scheme registry; an algorithm for processing and maintaining transaction - based solutions for finite state machines based on the model of Federal voting nodes.
The CREDITS platform offers a solution to low speeds and high transaction costs. It expands the potential which blockchain technology has for the financial industry and the Internet of Things.| . |  BlockchainDistributed, decentralized storage and open source code. Support for public and private networks. |  TransactionsEach record is entered into the blockchain of the block-less database without Merkle trees and sidechaines by processing consensual transactions. |  Forming of blocksSet permissions at the transaction level. Transactions are added to the block for the subsequent finding of a consensus on the algorithm for finding the solution of the finite state machine | | . |  Consensus modelConsensus model: federal with a mechanism for resolving most nodes with permission to make a decision. |  Smart contractsEach smart contract is performed in a separate isolated virtual machine environment, allowing development in script languages ??(JavaScript), extended work with the calendar, scheduled |  SystemThe system is scalable (as the number of nodes increases, the number of transactions processed per unit of time increases). The lack of PoW protocol (Proof-of-work). Coins are issued in advance in a certain amount |
Technical features ______ | . | Features | CREDITS | Bitcoin | Ethereum | | . | Blockchain and Smart Contracts | | | | | . | Transaction Speed | 1 000 000 transaction per second (up to) | 10 transaction per second | 500 transaction per second (up to) | | . | Block Interval | 3 seconds (average) | 10 minutes | 15 seconds | | . | Block Size | Dynamic | 1 Mb | Dynamic | | . | Consensus Algorithm | modified FA(Federated Agreement + PoW + PoC) | Proof of Work | Proof of Work | | . | Flexible configured blockchain | Yes | No | No | | . | Coins | CREDITS | Bitcoin | Ether | | . | Smart contacts | Yes | No | Yes | | . | Blockchain type | public, private | public | public | | . | Turing-complete code for developing smart contracts | JS equal language | Non-systematic | Solidity, Serpent,etc | | . | Decision Making Process | Democratic Congress (One node=One vote) | Non-systematic | Non-systematic | | . | Speed executing contracts | 100 000 transaction per second (up to) | Non-systematic | 100 transaction per second (up to) | | . | User technical features | | | | | . | Crypto algorithm | Symmetric-key algoritm + | Asymmetric-key algoritm | Asymmetric-key algoritm | | . | | Asymmetric-key algoritm | | | | . | Using third-party systems | Yes | No | No | | . | Allow create own application | Yes | No (very hard) | Yes | | . | API | Yes | No | Yes |
Roadmap ______ | . | | S1 | S2 | S3 | S4 | S5 | | . | | Pre-Alpha | Alpha | Beta | Release
candidate | Release | | . | Storage, Consensus
mFA Consensus | FA : Key Design
Implementation | mFA : Key Design
Implementation,PoW + PoC | mFA Optimization | | optimisation | | . | Data Store | Decentralization Ledger, NoSQL
Store implementation | MessagePack History | Blockchain backup | | | | . | CVM (Credits virtual
machine) | Design and Implementation | Integration witd ecosystem | Optimization | check errors | | | . | tdird-party system | | Design and Implementation | integrate to full system | | optimisation | | . | Inference Engine | Formal Specification and
Key Design Elements | Reasoner Integration with
Blockchain | Reasoner Optimization | | | | . | User interface | Implementation | Web UX design | | | | | . | Wallet | Wallet Formal specification | | UX design Application
Test | Android, iOS,
Desktop Wallets | | | . | RPC and REST API | Formal specification | Blockchain Explorer | | third-party explorer | |
CREDITS Use Cases ______ | . | | | | | . | Financial and Banking Systems
Financial institutions will be able to significantly reduce their transaction
costs, exclude intermediaries while simulataneously securely protecting their
data. | Internet of Things IoT
The CREDITS platform and smart contracts will allow for the connection of
various IoT devices into a single network and effectively manage them: smart cities, smart
homes, smart cars, smart businesses etc. | Crediting
Credit robots will be able to issue loans with the most optimal terms,
regardless of countries and continents. Globally, with any person in any
country through the CREDITS platform. |
Project Team ______ | . | 
Chugunov Igor
CEO & Founder
Education: Banking. Experience:
12 years, including IT projects,
bank and credit internet services,
affiliate marketing company for banks
and PDL companies. Experience
withblockchain business: 2 years.
From 2016 working at the CREDITS
platform | 
Evgeniy Butyaev
CTO
Education: Engineer (software
development). Software
development experience: more than
10 years. Experience with blockchain
more than 3 years, including
European organizations various
solutions based on blockchain for
different customers including
StateStreet; solutions based on
blockchain in Russia. From 2016 -
working at the CREDITS platform | 
Valentin Antonov
Team Lead
Education: Programmer. Experience:
more than 10 years as a programmer
and architect building complex and
high-loaded systems for the financial
and banking sectors. In the
blockchain industry for about
2 years. Qualified in platform
Ethereum. | 
Aleksandr Krasnov
Senior software developer
Big development experience,
including blockchain technology
experience in a secure team for US
company StateStreet. Engineered
development solutions for various
clients and worked on high loaded
systems for orgnisations based in
Europe and USA. | | . | 
Matushkina Elena
PR manager
Experience in PR for over 7 years.
Promotes brands and products in
media and over the Internet.
Participated in development of a
strategy of presence in social
networks, and continues working to
improve the concept. Content
creation (text, photo, video), the
reason for social networks. | 
Bruce Sadia
Development manager
Education: Masters in
Communications and International
PR. Working experience over 3 years
in IT sphere with foreign people. She
is responsible for communicating
with foreign partners and
organizations. | 
Evgeny Romanov
Community manager
Planning and conducting marketing
and PR activities of the company's
online Community management in
social network. In the project
responsible for developing programs
and support bounty team.
Blockchain enthusiast 2014. | 
David Kolmakhidze
Head of investment
relations department
Six years of experience in
investment in cryptocurrency,
development, consultant in
blockchain projects. Expert in
marketing strategy ICO. Great
experience in building partnerships
with investors and angel investors. |
Advisory board ______ | . | 
Kyle Wang
Senior Consultant
IBM
Cleveland, USA
«The team is exceptional!
CREDITS is a novel approach
and cryptoeconomic innovation
within blockchain» | 
David Drake
Managing Partner
at LDJ Capital
New York, USA
Mr. Drake's investments
currently have 50+ global
directors that maintain relations
with institutions & family offices
with $1.5 trillion in assets. | 
Christian Ferri
Entrepreneur, Investor
San Francisco, USA
Executive with extensive
experience in blockchain
architecture/DApps/ICOs,
strategic planning, investment
relations for both large blue
chips and nimble start-ups. | 
Michael Kapilkov
Blockchain Advisement
New York
«I am proud to announce that I
have joined 'CREDITS' as an ICO
Advisor» Founder Healthi,
CoFounder Altcoinz, CoFounder
I-virtual. | | . | 
Christophe Ozcan
Blockchain
technical - Expert
France
CEO & Co-founder at Crypto4All,
Blockchain Ecosystem Advisor
at Rockchain, Blockchain
commission member at AFNOR
Group | 
Elie Galam
Bancor Foundation
Financial Advisor
New York
Chief Investment Officer at
Eastmore Group, Advisor to
Legolas Exchange and Gimli | 
Artjom Aminov
Blockchain architect
at F&L Galaxy, inc
London, United Kingdom
Developer and architecture of
high-availability server-side
applications based on
blockchain technologies | 
Tyler Perry-Smith
Investor, Enthusiast
Savitr Capital
San Francisco
«CREDITS can be the catalyst
that takes blockchain
functionality to mainstream
business operations!» | | . | | 
Jacob Salvador
Investor & Trader
Blockchain Specialist
Oslo, Norway
Experienced Investment
professional in the venture
capital and private equity
industry. Skilled in Blockchain
technologies | 
Henrique Centieiro
Business Consultant
A specialist in cryptocurrencies
and blockchain projects,
business planning and
development, corporate finance | |
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