Topic: [ANN][ICO]CREDITS - New Blockchain for financial industry [HARDCAP REACHED!] - page 184. (Read 37729 times)

Good afternoon. No, you can pay for purchasing coins only with Bitcoin or Ethereum.

I'm wondering if I can buy tokens for LiteCoin.

Hello. Pre-sale will last until December 16.

Good day to all readers and visitors of the forum. Explain me please, for what purpose will rejected transactions be stored in CREDITS network’ hosts? In my opinion, it doesn’t make any sense… 

Greetings. Can anyone explain me why did the developers choose the federal search algorithm for finding consensus? Does this model surpasses all the others?

Hello everyone. Tell me, how long will the pre-sale last?

Hello! Tell me, is the only consensus decision is the formation of the last actual register? Isn’t there anything else that can be a consensus decision?

Hello everyone. It's very interesting how long does it take the main host to form the last actual registry?

Ask it in raiden network thread )

We use several types of nodes, depending on their purpose to build a decentralized network
based on free access and node connection:
1. A common node (OУ) is the node participating in transaction verification for validity but has a
minimum trust factor. It is also a candidate for the role of a trusted node and the node of the current
processing in the next cycle of node role selection in the network.
2. A trusted node (ДУ) is the node participating in transaction verification and has the maximum trust
factor (1), is a candidate for the role of the node of the current processing and common node. This node
cannot become trusted during a mathematically calculated number of selection and voting cycles among
nodes. The mathematical calculation depends on the number of nodes and the network complexity.
3. The main node (ГУ) of the network is the node participating in verification and responsible for
adding transactions to the transaction ledger block. This node cannot become trusted or the node of the
current processing during a mathematically calculated number of voting cycles, which mathematical
calculation depends on the number of nodes and the network complexity.
The system uses a trust factor – an absolute fractional numerical value from 0 to 1, expressed in
mathematical terms of the number of trusted nodes +1 to the total number of nodes in the network. The
maximum number of trusted nodes cannot exceed 50% of network nodes.

CS is not mineable coin

Now CS is ERC20 token, so you can store it in MEW, Mist, Parity etc

This project aims to embark on the creation of a decentralized sector of financial services on the basis of the participant(s), bypassing specialized financial institutions such as banks and intermediaries

How does the system perform a group solution the purpose of which is to come to the development of final solutions that are acceptable for all hosts of the network?

Ok but couldn't it be possible for Ethereum to also scale sufficiently in order to compete with solutions like Credits wants to offer?

Of course, no))), the host searches for the hash value that it expects based on the last stored registry in order to become the main host of the network.

And I'm just  wondering what will happen if one of the hosts becomes the main one. I hope this doesn’t happen randomly)

Well, this answer sounds convincing. I’ll read about it in detail in the white paper of the project. Thanks for the info!

I want to tell you that CREDITS has a unique protocol, working on the Proof of Work principle. It’s responsible for the speed of transaction processing and the security of data storage. It most accurately determines the storage of the latest up-to-date copy of the registry and software on this host and calculates the checksum of the values of the entire content - the hash-code.

I would like to believe, that the processing of transactions will be occurred quickly and complete security of data storage was ensured at the same time with such approach to the organization of the system. Unfortunately, for some reason, there’s little confidence.