ICO Credits

Credits https://credits.com/ is a new type of detachment, which is much more effective than what we already know today. The main features are low cost and high transaction speed. This, in the opinion of the developers, expands the potential of blockage for the financial industry and the Internet of things.

Also Credits is an open platform on which users and companies can create online services.

The main objective of the project is general financial and banking activities. Banking and financial organizations, online services that require high transaction speed, will appreciate the benefit of such a project.

Feature Credits:

· More than a million transactions per second;

· The speed of one transaction is less than 0.01 seconds;

· Transaction price from $ 0.001;

Dynamic block size;

· Performs up to one hundred thousand transactions per second;

· Crypto algorithm: symmetric key plus asymmetric key algorithms;

· The right to create your own applications;

· The decision-making process is a democratic Congress (each node receives one vote);

· API support;

· After the formation, the transaction is signed by Private Key, encrypted by the homomorphic encryption algorithm, and sent to the network for further processing;

· Public type of detachment;

· Allows the use of third-party systems;

· Lack of mining;

· Smart contracts

A smart contract in the Credits project is an electronic algorithm that describes a list of conditions, on its basis, you can associate various operations and phenomena in digital modes or in the real world.

To implement self-regulated smart contracts, a situation is necessary in which there is no human factor, and for the right to use the transfer of value, a crypto currency independent of the central authority is needed.

A smart contract is developed using the JAVA language, which makes it possible to create and conduct tests on any platform without installing a special development environment.

A smart contract in Credits includes two entities:

1. Property (the essence of the system, which allows you to save public data, necessary for work);

2. Method (the essence of the system responsible for the consistency and consistency of actions in the implementation of transfers).

After signing a smart contract by the parties, he begins to act. Smart contracts can exist only in conditions that provide trouble-free access to executable code for contract items.

Options for addressing system security threats:

· Static keys and user confirmation are used against the mediator's attack;

· The ecdsa25519 algorithm is applied against the attack time;

· Against breaking Public-Private Keys, a modern key generation algorithm based on elliptic curves using the ecdsa25519 algorithm is used;

· To minimize the probability of an attack of the environment of the legal node by compromised nodes, the algorithm for confirming the legality of the node is used;

· To protect the wallet against theft, information is classified by homomorphic encryption;

· To prevent interference with memory, the C ++ development language is used, which makes it possible to monitor memory and, if necessary, check the contents of registers;

· To prevent the change of local storage in order to replace the true values, an encrypted data record and compression with the modified deflate algorithm are used.

Conducting the ICO.

The CREDITS (CS) token ERC20 type is a crypto currency system. Its rate: 1 etherium is equal to 5000 CS. Total released 1 billion CS tokens.

Pre-ICO was closed on December 26, 2017. The minimal goal was to collect one and a half million dollars, the maximum - three million dollars. According to the Pre-ICO results, $ 3,002,165 were collected, and 1,100 payments were received from 700 investors.

ICO will begin on February 1, 2018 and will last until February 28 of the same year. The minimum objective of the team is to collect 15,000,000 USD, the maximum goal is to collect 20,000,000 USD.

Placement of tokens:

60% - sale to investors;

15% - to the founders;

20% - operating activities;

2% - bounty;

2% bug bounty;

1% - to the advisers.

Official website: https://credits.com/

White paper: https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf

BitcoinTalk: https://bitcointalk.org/index.php?topic=2190887

Facebook: https://www.facebook.com/creditscom/

Twitter: https://twitter.com/creditscom

Medium: https://medium.com/@credits

Telegram: https://t.me/creditscom

by : daisuki hardjo