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Topic: [ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!] - page 175. (Read 37749 times)

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Activity: 238
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Hi. Really, how all this will be documented? You know, it’s scary to lend to a borrower which you don’t even know.

member
Activity: 406
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Hah. The offer and the platform itself are good, no doubt! I believe that the company will meet great competition. I’m wondering how the company will struggle against it in order to take the leading positions in the market.
full member
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Tell me please what the rate will be during the ICO.

Greetings. As far as I know, you’ll be able to buy 3000 CS tokens for 1 ETH.
full member
Activity: 280
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Tell me please what the rate will be during the ICO.
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The project’s too ambitious. Are developers planning to put their servers all over the world? And the ATMs, too?
member
Activity: 196
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Hi everybody! Can anyone tell me more about the ecosystem of the project in plain words? I’m wondering, for example, how the tokens will be used on the platform.
member
Activity: 322
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The project’s plans are impressive! What soft-cap is planned for the ICO?
Hello. The soft-cup for the first stage is 80 000 ETH.
full member
Activity: 168
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The project’s plans are impressive! What soft-cap is planned for the ICO?
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Activity: 289
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The project aims to create a decentralized financial service sector around the professional financial institutions such as banks and intermediaries, so as to provide solutions for low and high transaction costs. This coin may be good, and it's worth your thinking.
full member
Activity: 132
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2% of the proportion of the reward is too low, the marketing ability to determine how many people involved, the value of technology investment commitment can have much? More bounty distribution is not a bad thing
full member
Activity: 350
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Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
Hi! Not exactly. The system is dedicated to uniting all the participants on one platform to create and use financial services. Everyone will be able either to offer or to use a service.
Hmmm. It seems that the answer is “yes”. What’s the trick of the platform? What differs it from other similar projects?
It’s different from the others because it’s unique. It’s based on  a clearly defined and balanced technological system, it is able to offer a new technical solution and a new concept of interaction between network participants for the development of modern decentralized financial services.
Does it mean that, for example, being in UAE I can lend money to a Latin American?))

If we simplify it, I mean, put it in really plain words, that’s right. The system will allow to form financial services: money transfers, currency and value exchanges, lending, funding and etc. Everything will be carried out directly between the participants.
If it’s really so, it’s a very cool offer! And how will creditworthiness of such “Latin Americans” which I’ve described in ma example be determined?
member
Activity: 196
Merit: 10
Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
Hi! Not exactly. The system is dedicated to uniting all the participants on one platform to create and use financial services. Everyone will be able either to offer or to use a service.
Hmmm. It seems that the answer is “yes”. What’s the trick of the platform? What differs it from other similar projects?
It’s different from the others because it’s unique. It’s based on  a clearly defined and balanced technological system, it is able to offer a new technical solution and a new concept of interaction between network participants for the development of modern decentralized financial services.
Does it mean that, for example, being in UAE I can lend money to a Latin American?))

If we simplify it, I mean, put it in really plain words, that’s right. The system will allow to form financial services: money transfers, currency and value exchanges, lending, funding and etc. Everything will be carried out directly between the participants.
full member
Activity: 350
Merit: 100
Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
Hi! Not exactly. The system is dedicated to uniting all the participants on one platform to create and use financial services. Everyone will be able either to offer or to use a service.
Hmmm. It seems that the answer is “yes”. What’s the trick of the platform? What differs it from other similar projects?
It’s different from the others because it’s unique. It’s based on  a clearly defined and balanced technological system, it is able to offer a new technical solution and a new concept of interaction between network participants for the development of modern decentralized financial services.
Does it mean that, for example, being in UAE I can lend money to a Latin American?))
full member
Activity: 476
Merit: 100
I don’t like the fact that the company's specialists determine main network node. I just think that the presence of human factor in this process doesn’t guarantee the objectivity of choosing the main node of the network. In my opinion, this process should be automated.

In your opinion, how many people should there be in a team of specialists in order to determine the main node manually? That’s why this process is automated in CREDITS, just as you’d like it to be. Therefore, the choice of the main node of the network is completely objective.
Hah, such a team would probably consist of several thousand specialists) As for me, I found this information on some forum, some “newcomers” discussed this matter. By the way, how is the process of determining the main node in CREDITS carried out?

To become the main network node, the node searches for the value of the hash function that it calculates based on the last stored ledger. The system organizes a healthy competitive environment between the network nodes for the opportunity to become the main node; to generate and store a new ledger. After calculating the function and obtaining the result, it is sent to all network nodes for verification. The result contains a timestamp of the calculation and a value based on the calculation of the function of the ledger files and software. All nodes receive the calculated value, compare the calculation time allocated for the search for the main network server, verify it and confirm the trust factor of the node, and also confirm its opportunity to participate in the competition – to become the main network node. After receiving approval from all network nodes (BFT principals), a list is formed of nodes that correctly calculated the value of the function and contains a timestamp. The node that received the correct result and had it approved in the fastest time, becomes the main network node of the moment.
I didn’t expect such a detailed answer, anyway) But thank you very much, now I'm at least aware of the actual state of things on CREDITS.

Hello. It’s a very good detailed answer, thank you! Can you tell us how the node searches for the hash function value?

you were right, this is a very good answer. with this information will increase knowledge and insight.
Thanks a lot.
member
Activity: 196
Merit: 10
Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
Hi! Not exactly. The system is dedicated to uniting all the participants on one platform to create and use financial services. Everyone will be able either to offer or to use a service.
Hmmm. It seems that the answer is “yes”. What’s the trick of the platform? What differs it from other similar projects?
It’s different from the others because it’s unique. It’s based on  a clearly defined and balanced technological system, it is able to offer a new technical solution and a new concept of interaction between network participants for the development of modern decentralized financial services.
full member
Activity: 350
Merit: 100
Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
Hi! Not exactly. The system is dedicated to uniting all the participants on one platform to create and use financial services. Everyone will be able either to offer or to use a service.
Hmmm. It seems that the answer is “yes”. What’s the trick of the platform? What differs it from other similar projects?
member
Activity: 196
Merit: 10
Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
Hi! Not exactly. The system is dedicated to uniting all the participants on one platform to create and use financial services. Everyone will be able either to offer or to use a service.
full member
Activity: 350
Merit: 100
Hello! I’ve got interested in the project, bit I wonna to learn more about some details. Is the service planned to be an global “exchanger” for the currencies regardless their status or location?
full member
Activity: 237
Merit: 250
To become the main network node, the node searches for the value of the hash function that it calculates based on the last stored ledger. The system organizes a healthy competitive environment between the network nodes for the opportunity to become the main node; to generate and store a new ledger. After calculating the function and obtaining the result, it is sent to all network nodes for verification. The result contains a timestamp of the calculation and a value based on the calculation of the function of the ledger files and software. All nodes receive the calculated value, compare the calculation time allocated for the search for the main network server, verify it and confirm the trust factor of the node, and also confirm its opportunity to participate in the competition – to become the main network node. After receiving approval from all network nodes (BFT principals), a list is formed of nodes that correctly calculated the value of the function and contains a timestamp. The node that received the correct result and had it approved in the fastest time, becomes the main network node of the moment.

The technical documentation have to detailed those kind of explanation. The description of the implemented consensus mecanism is very important to figure out how the protocol works.

You have a promising technology no doubt about your success.

Thanks. Join us, and follow the news
full member
Activity: 237
Merit: 250
ICO Introduction of CREDITS on 14th of Dec in Amsterdam



CREDITS is a new generation blockchain. New, because we use advanced techniques that allow 1 million transactions to be processed in less than three seconds. It sweeps the floor with Ethereum and Bitcoin.
But CREDITS still has a lot more to offer, especially financial institutions such as banks, insurance companies and credit companies will benefit greatly.
In the coming months, the CREDITS team will travel the world to bring their innovative protocol to the attention of both professional and private investors. Investors who are looking for new opportunities with high potential will be presented with a presentation that also presents a very attractive incentive scheme.
Our partner Arjan Eikelenbloom will explain fundamental advantages and benefits of CREDITS.
Thursday December 14 is the turn of Amsterdam. You are welcome, access is free. We would like you to sign up.
For more detailed information: https://goo.gl/acvRGF
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