CREDITS, THE NEXT GENERATION OPEN SOURCE BLOCKCHAIN PLATFORM WITH UNLIMITED USE CASE
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Introducing Credits Blockchain Platform
Blochain technology was invented in the year 2008 by an unknown person whose people popularly known as Satoshi Nakamato.The purpose of creation of blockchain is to serve the function of the public ledger for cryptocurrency named Bitcoin.Bitcoin is the first Cryptocurrency in the world and the core purpose of creating this cryptocurrency is to solve the problems of double spending and preventing human intervention and third party interference in the area of financial management and facilitating maximum transparency, efficiency, and accountability.The Concepts of Bitcoin underlying technology has been admired and adopted by various businesses and organizations to solve their daily life problems.The utility of Blockchain is not limited to cryptocurrency, it has a wide area of application which could be used in solving different kinds of real-life problems and simplifying the livelihood of mankind.I will be discussing with my dear readers about an inspiring Blockchain project whose names is CREDITS. Credits is an established company, not a startup in the phase of fund raising. Credits conducted its ICO 2 years ago and ever since then the company has achieved a massive progress and developed a series of products and services. In addition, they have been in partnership with over 30 Companies across the globe.
About Credits Platform
Credits is an open source Blockchin platform based on the principles of Peer to Peer (P2P).It was a company developed for the internet of Things (IoT) and Financial sector. It is a very robust platform that operate and offer modern blockchain solution. Credits Platform implements Lightening transaction speed, it is capable of handling more than 1 million transactions per second with a very lower transaction fee of 0.001 USD.Other functions of Credits Blockchain includes Decentralized application (DApps) and Smart Contract services. As I did mention earlier, it is an open platform which is opened to developers all over the world to build their Projects and Dapps in a very effective and cost-economy platform .There are several ways in which Credits blockchain is more superior and effective that other types of blockchain. Below are the Blockchain Solutions offer by Credits Platform.Blockchain Solution offer by Credits
(i) Smart Contracts: Credits is an open Blockchain platform.It is the World first 100% autonomous system in the smart contracts with own cryptocurrency capable of handling 1,000,000 transactions in a second. Credits Smart Contract also support loops and task scheduling.
(ii) Storage:Credits offer storage of information in a decentralized manner without any centralized administration .Credits storage system has provided a sustainable decentralized storage solution for computer information.
(iii) Credits IoT: Credits blockchain platform serves as a decentralized solution for the Internet Of Things (IOT).Devices can store information easily in Blockchain through the use of Credits API and pairs of both Public and private Keys by launching Smart Contracts.
.Credits blockchain have limitless application and potentials. Below are the highlights of Credit Blockchain user cases
1. Credits Platform is designed for developers to create their DApps and businesses.
2. Credits is a Blockchain platform available for businesses.
3. Credits Cryptocurrency can be used for settlements.
Comparative analysis of credit blockchain and Bitcoin/Ethereum Blockcain.
Bitcoin and Ethereum Network gained an early advantage,they are not the best. The networks took the advantage of being the first Blockchain network introduced to theworld. Credits network as a Modern Blockchain Platform have some superiority over Ethereum and Bitcoin Network. As i mentioned in the first paragraph above, Bitcoin blockchain is only designed for payment settlement. It doesn't have wider application unlike Credits Blockchain.While Ethereum and Bitcoin can only handle 100 transaction per second, Credits Blockchain is capable of handling over 1,000,000 transactions per second. The distance is just too far. Average transaction processing duration of Credits blockchain is just 3 seconds while Bitcoin and Ethereum take up to 0.5- 15 minutes per transaction.Another fantastic feature that I feel will attract users to the Credit blockchain is the cost. While it cost 0.02 USD - O.5 USD for a transaction in Bitcoin and Ethereum network, it cost 0.001 USD per transaction in credits platform.Lastly,unlike bitcoin blockchain which use case is limited to payment settlement, Credits network as an open source blockchain Network has a wider area of application. It is a general blockchain service that can be used by any companies, organization to facilitate their internal operation. Credits Blockchain use case is very broad, it has partnered with IBM, Lenovo, and some giant companies around the world to simplify their internal mode of operation and achieve efficiency. The use case if limitless.
Conclusion,
Credits platform has offered to the World the best blockchain service. Every business and organization will like to cut off their cost and maximize profits. The fact that Credits platform has unlimited use, any class of businesses, organizations, and individuals can implement the blockchain service to simplify their internal operations, reducing unnecessary cost and achieving operational efficiency. A manager of a company can choose Credits smart contract to redesign their staff salary payment structure and auto run their salary payment system. Since Credits platform is for general use, there is no doubt it
will gain massive adoption with time as long as the global awareness is being created.
CREDITS 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 :beleful
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2693998
Credits address: 2kuTeRDycFHtE7DEuaV3etuMzyaPRPPttGYWpPz8yBXZ
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