Topic: [ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!] - page 166. (Read 37729 times)

Hello friends. Can anyone tell me the time frame for the ICO, if it is not difficult.

Developers claim that there will be an opportunity to provide 1mln transactions per second on this platform, in comparison with 7 transactions per second in BTC and 500 per second in ETH. So the process of searching consensus will take in 100 times less time according to the present blockchain technology

It is said in white paper that the process of searching consensus is built on SHA-2 algorithm. It is called ledger transaction system. And it will take much less time in comparison with the Mercle-tree to search the consus in this case.

Hello. I read your answer and I wanted to say, that from a technical point of view, the developers Credits had approached the process of consensus searching highly creatively. I am just interested, how much time will be spent on this?

A consensus will work by cycles (loops). For each cycle there will be an extraction a transaction from the network. Then it will be placed into pool (one-dimensional array). After being placed into the pool, all transactions are sent via trusted centers, for the purpose of getting a response. If a response is received, a transaction, with which the request to add was sent, can be added to the validator’s register. After that, it is sent to next validators in the network. As a consensus-building is completed at the endpoint and as a remittance is completely confirmed, a transaction is passed for validation marked to be recorded and to be stored in the register.

Hmm, I like this approach more. How will the process of consensus searching be carried out?

Good afternoon. I don't understand why you are saying, that in consensus searching will participate only one trusted center-validator? The system will use federated searching for consensus solution model— trusted center-validators vote. In addition, there will be implemented an algorithm of searching consensus solutions — pass finite state machine.

I think that the way of searching for a consensus in the Credits is not good enough. After all, if there was several trusted center-validators participating in that, then a consensus would surely be authentic. Meanwhile, if there is only one trusted center-validator, the chance of an error is very high.

Is it true that a smart contract in the CREDITS system is essentially an electronic algorithm that describes a set of conditions by which events and events in the real world or digital systems can be linked? I have never heard of this before

You write that, after performing certain tasks, the core of the system will always contain a response code. I wonder what kind of data will contain a response code?

There is no need to think about it, as the soft cap was already collected within the pre-sale.

What will happen to the project, if the sale does not manage to collect the soft cap?

We’re frequently asked why we still haven’t shared our program code on GitHub.

The answer is simple — we take care of our contributors.

As you already know, we have developed a unique combined consensus protocol, which allows CREDITS to deliver unprecedented data processing speeds of over 1 million transactions per second, with a time interval of 0.01 to 1 second. The protocol is based on calculating the mathematical functions of all registry transactions, while applying the principles of Proof of Work. It accurately determines the storage of the latest up-to-date copy of the registry and software on this node (Proof of Capacity), by calculating the sum of the values of the entire contents — the hash code.

CREDITS team is working hard on the program code and is testing it every day. We have industry experts, whose experience allows us to effectively develop Alpha version of the platform.

Indeed, CREDITS positions itself as an open platform for developing decentralized applications. At the moment we are in the process of receiving patent for our products, which all of our investors will certainly appreciate. We are concerned about our intellectual property.

After the release of the Alpha version, we will be ready to put our code in the Open-source and we will be happy to receive any comments or suggestions from your side.

I support your opinion completely. Recently guys have reached soft cap for Pre-ICO -1,5 mln$ and this is really encouraging. Hope that all their aims will be achieved

as it was earlier 0.01 ETH

No, only BTC and ETH are accepted

The results of pre-sale tokens are very encouraging. And in general the project trend is very entertaining and active. We will wait for further results.

Hello! The main advantage is data processingg speed. This algorithm gives an opportunity to form hash-sum files more faster. It is new generation of blockchain technology

As I understand, firstly in the first realise the commission for transactions will be fixed. And later after the platform will become widespread commission will be formed automatically according to platform capacity and other factors

Hello. It became interesting, what are the main advantages of the SHA-2 algorithm and why did you choose it for the calculation of hash-sum files?