IBM is not yet using the Credits platform.

CS coins are used in node staking and transaction fees to keep the network running.

So the CS tokens have no utility?

Credits’ Weekly Digest

Credits, 18.09.2020



The other week at Credits is almost over. And here is the latest from us.

Credits’ CEO, Igor Chugunov, answered some of the main questions we have received from our community during the last week, check it out here

We appreciate your engagement in this discussion! Please contribute with your questions via our FB, Insta, TG, and Twitter channels, we collect them on a weekly basis and answer each Tuesday!

A small but nice change in our monitor: the latest update allows you now to see all trusted nodes of all the rounds.

Publication on  Credits’ wallet provides a full review of the product including a detailed explanation of the security layers of the wallet, your data protection, current characteristics, and future vision.

We have composed the poll to ask your opinion on the features you would like to be installed into our wallet next, please answer us here  https://t.me/CREDITSoffical or https://twitter.com/creditscom/status/1306250731024941057

Credits’ CEO, Igor Chugunov shared some of his views towards the need for further legal framework improvements in the crypto industry, and the difficulties we face as a company and community without regulatory guidelines in place.

Lastly: rumor has it that Credits will be launching a new airdrop competition very soon! Stay with us!

Q&A Tuesday Session with CREDITS’ CEO Igor Chugunov

22/09/2020

Every day we receive dozens of questions from our community and today I would like to answer those asked most frequently last week.

Q: “Arjan left CS?”, “Where is Arjan with weekly videos?”

A: Arjan still is in Credits’ team. We are aware that you would like to see him more often, and therefore relaunching videos with Arjan soon.


Q: “Credits ETH contract is still working or stopped?”

A: It works on a monthly basis on dates from 25th to 30th (for the option of swap token to coin). Details are here: https://creditscom.zendesk.com/hc/en-us/articles/360008147078-Manual-Swap-Guideline


Q: “Is that true bitfinex gonna delist CS?”

A: That is not true, we are collaborating with them on integrating native CS coin, volumes are small as ERC 20 token is there.


Q: “What's the team doing? Why the team not come with a new update and new exchange?”

A: Team continues to work on developing blockchain protocol as well as updating other ecosystem products. We post updates in all our social media and website blog and also publish Weekly Digests, you can find the latest results and team achievements there.


Q: “Are there any new partners in the near future???”

A: We are not putting all the emphasis on new partnerships. At present, we continue working with those partners already existing and engaged into creating real technological solutions. 


Thank you for staying with us and taking active discussions in our TG chats, please send us more questions you would like to be covered here.

Igor Chugunov,
CEO of CREDITS.

Difficulties of adoption in blockchain. Note by Credits’ CEO

25.09.2020

Blockchain emerged in 2009 as a fantastic revolutionary technology. But the road to its adoption was not easy ever since.

In this note, I would like to share some of our experiences and setbacks we had in our business development as well as my views towards overcoming the difficulties we as an industry face.

When we were entering this space in 2017 we set the main goal of developing our own unique blockchain protocol. We fully achieved this, created the whole ecosystem on Credits' platform and additional user products.

The key challenge for us became a matter of popularization of our protocol. Other chains succeded better than us, sometimes with fewer technical advantages. To reach the required level of usability we have to take into account many things.

Continue reading:

Decentralized?

You could NEVER reach consensus in a decentralized fashion,  and claim to have millions of transactions per second.


Let be honest here.... And promote where we do add value....if we're going to turn this project around.

It is STILL to this day impossible to reach millions of TPS without consensus made with just a few nodes.... For Credits and every other project out there. That speed is still not possible without centralized consensus.

Q&A Tuesday Session with Credits’ CEO Igor Chugunov

Credits, 29/09/2020

We collected questions from all our social media and community chats last week and I am happy to answer the main of them below. Thank you for your engagement!

Q:  “When cs wallet available in Asia?”

A: Thank you for the question. The availability of digital products depends on local regulations. We have touched this subject in our recent article. To make it short: as there is no unifying law on the crypto products, we as a company have to present our products for each new region separately. Credits’ wallet was launched in the EU first as a big part of our community is based there. We are in process of finalizing the best legal option of presenting it in Asia and other regions too. We will keep you updated on the exact expecting timing in our roadmap.

Also please note that we have 2 wallets, Credits wallet, which is yet not available in Asia.

And CS Crypto, available globally, and these are the links below for getting the app.

I hope it helps!

https://apps.apple.com/ru/app/cs-crypto/id1453191196?l=en
https://play.google.com/store/apps/details?id=com.credits.CreditsWallet

Q: “Wazirx delisted CS. What can I do?. I Have 20k cs coin.?”

A: You will need to contact the exchange, and ask for the withdrawal of your ERC20 tokens. After you have done this, you can swap using the Manual Swap Guideline.

Q: “What is your opinion on the hacking of the KuCoin exchange? Were Credits affected by this hack?”

A: It is a pity this happened. This hacker’s break-in indeed reminds us all that the security of the products in the crypto world should be kept under constant guard and improvements.

Credits would like to inform you that we were in touch with KuCoin right after the incident and can confirm that our holders were not affected.

Q: “Gateio swapped to native CS coin, right?”

A: Yes, Gateio have made the swap quite a while ago, our native coins are now traded there.

Q: ”Hello what's the difference between delegate and node

Is both earn the same rewards? And one question, which is better staking or delegate

Means which way I earn more income?”

A: Node is a contribution in the consensus-building and you can earn on it as per the bonus structure in place.

Delegation means the process of "lending" your coins to someone. Delegation is done with a condition that the person who borrowed it from you cannot transfer them. But these coins will be taken into account when the process of the trusted node choice is made in the consensus. You have got the option to delegate for a fixed period of time and they will return to you automatically;  or indefinitely, in this case, you will need to bring them back by yourself.

You can and will earn by keeping the node as per the bonuses Credits’ structure, in addition to this currently, we run the Node reward program to support holders.

Today delegation as a method of earning yet does not allow you to receive a direct profit, unless you agree with a borrower on some dividend.

With a future progressive building of Credits’ consensus and its expansion, you will be able to earn from the delegation process directly.


Thank you for staying with us and taking active discussions in our TG chats, please send us more questions you would like to be covered here.


Igor Chugunov,
CEO of Credits.

The credits team in their twitter is conducting a survey which of the factors are the most important when choosing a wallet
https://twitter.com/creditscom/status/1311277550337957889?s=20

Credits Weekly Digest Oct the 2nd

Credits, 02.10.2020

Autumn has arrived this week, we wish you to have a productive one. Here is the latest from the Credits team. 

Learn what is the difference between a coin and a token, and find the manual to create your token on Credits blockchain in our article.

Following up on the topic of your token design, we launched a new airdrop competition this week, inviting you to create a token on Credits protocol and win a prize for this. Details are here.

Continue reading: