Is this some new consensus or some coins already has this consensus too? I just look at this paper and it seems something like PoW consensus?
There's no coins operating with such consensus protocol, only Credits and absolutely it is unique. It looks different for me, may I know why it looks like a PoW for you?
I'm quite interested in credits but what benefits does Mina Stones get using credits? because I also have gems here I want to know more
Credits and Mina Stones work together in the case of jewelry industries, they help to gain public trust and several other benefits for access gemstone data in real time, valid data about gemstone handcrafted jewelry, prevention of data manipulation and theft, even data on blockchain accessable to the market and end-buyers.
So what will happen to the old tokens after the swap proccess succeed? Will it still be tradeable?
The old tokens (CS erc20) will be burnt and CS native coins will become tradable.
Did credits make a partnership with Sevastopol Hotel? I planned to go there next year. So what do you mean by loyalty bonuses such as mentioned in the post??
Yes, have you read their
article? The loyalty bonus is a bonus that someone get as a reward for being a regular customer. In this case, Sevastopol Hotel provides the loyalty bonuses for the customer that using their services. And right now, Credits make a partnership with Sevastopol Hotel. The project suggests the use of a blockchain-based loyalty program for the clients of the hotel. The blockchain platform will transform loyalty points into digital assets. After receiving bonuses, clients will be able to turn them into fiat money, trade them on exchanges, or share them with their friends.
if the partnership with Alibaba will push thru, Credits will have a huge market to cater and that will bring them good income on the table. but will the migration to their native coin from erc20 token will be beneficial for the project?
are they fully confident that they can address all issues that they will encounter for having their own blockchain?
From my perspective as a supporter, the migration isn't only beneficial for the project. It benefits everyone who use it especially the holders itself. Are they confident? Why do they make their own blockchain then if they aren't confident?
Absolutely right! You don't need to worry about that, I'm sure they have prepared everything since they are doing that. You will recognise how fast their transactions and other important features they provide.