There are lots of ICOs available in recent times, each offering something they term unique to the followers of blockchain technology. However, CREDITS platform is one which gains the attention fast due to all the advantages associated with it. This platform is one that offers new and advanced technical implementations associated with Blockchain technology including smart contracts, data protocol and the fact that CREDITS has its internal cryptocurrency.
About CREDITS
Based in the Isle of Man,CREDITS Company was designed initially for 'Know Your Customer' (KYC) applications. It is the first completely autonomous blockchain system which offers an API which makes use of a Turing system that can create services using cycles, schedules, and unique functions through smart contract execution. The founders believe that blockchain technology can be made suitable for several services including financial and loan services, trade, medicine, identification, exchanges and Internet of things (IoT) services. There is no limit to what can be achieved with standard blockchain technology, and CREDITS is set to prove that. CREDITS can work across and between applications, both from large and small firms. The aim is to fit comfortably with sophisticated infrastructure and services directly and efficiently.
Benefits of CREDITS
Compared to Bitcoin and Ethereum, CREDIT holds some distinct advantages,
1. The CREDIT platform has an impressive transaction speed. With as much as a million transactions per second, CREDIT handles all operations with a rate that is sure to be appreciated by users. Bitcoin and Ethereum have transaction speeds of 10 and 500 per second respectively, a meager amount in comparison
2. As opposed to this, the costs of transactions are remarkably reduced. The platform employs the use of smart contracts and also generates its coins which are used for transactions
3. It is an open platform which gives opportunities to users and companies to create online services that implement the blockchain protocol
4. Maximum security on all transactions guaranteed
5. No mining required coins are available.
Basic Features
1. Block interval of three seconds on average
2. Dynamic block size which is great for the platform
3. Possesses flexibly configured blockchain
4.Has symmetric-key algorithm and asymmetric-key algorithm
5.CREDITS makes use of third-party systems which also enhances its speed
CREDITS also create a new algorithm to search for a consensus; a new scheme registry; an algorithm for processing and maintaining transaction. There are several other information you can find out about this blockchain platform which will be of immense benefit to you. Find out more by visiting https://credits.com/en where you can also view their whitepaper https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf