Topic: ** LAUNCHED ** CredaCash -- The Most Private Cryptocurrency in the World - page 20. (Read 10792 times)

That statement is no longer in our FAQ.  Our current plan is to initially have 10 billion units of currency, of which 80% will go to a non-profit Foundation, and to implement Proof-of-Stake mining in the future.

The project does not currently have a discord channel, but we are happy to answer questions here, or you are welcome to contact us through direct message or through the contact form on our website.  Thank you.

The mint will generate 10 billion units of currency. We have no idea what those 10 billion units of currency will be worth in terms of US$ -- that might be decided by the market at some point in the future. 80% of that currency will go to a non-profit Foundation, and the current plan is for the Foundation to auction that currency to support its non-profit mission.  The project does not believe that will be too much--we have no doubt the Foundation will be able to find beneficial uses for the proceeds.

CredaCash has been under development for four years and is launching June 15.  The software to support mining is expected to be released tomorrow.  Please let us know if you have any additional questions.  Thank you.

The CPU integer performance will be the only thing that makes much of a difference.  The mining is multi-threaded and will run on as many virtual cores as you give it.  A videocard/GPU won't help.

Does it mean that it is CPU-only mineable? Does  fast and powerful CPU have an  advantage over others? Number of threads, size of cache, amount of RAM in the system, is it important? Is videocard is useless in your algo?

No, there are not.  One thing that might be significant to note is that the CredaCash currency was designed and intended to be a utility token, not an investment contract aka security.  This is important so that the project can see the widest adoption and be used in real transactions.  If the currency were to be classified as an investment contract, then it would be subject to a wide range of regulations, including where it could be acquired and how it could be used.  There are a number of factors regulators may examine to determine if a token is an investment contract, and one of those factors is whether the promotion of the project emphasizes the technology, or whether it emphasizes the credentials of the team.  To the extent possible, the CredaCash project is going to avoiding taking any action that might lead a regulator to incorrectly conclude that the currency is an investment contract, and for that reason, our emphasis is and will continue to be on the technology.  Everyone is welcome to download the software and source code and try it out--that is the best way understand the project.

If you have any more questions, please let us know and we will attempt to answer them.  We apologize though that we might not be able to answer all questions due to factors beyond our control.  Thank you.

Hi,

Are there any pictures of the team behind the project and their LINKEDIN profile links? Would highly appreciate if you could provide such crucial information, thank you!

The initial mining during the first 35 days will be based on Proof-of-Work. That time period is probably too short to get an ASIC or FPGA implementation working, so in that respect, it is ASIC/FPGA resistant. The blockchain will then be secured by Proof of Authority for the next half-year or so, and will then be migrated to Proof-of-Stake when we have that ready.

If you would like to participate in the initial mining, you'll be able to download and run the software for that sometime around June 12.

Thank you for your interest and please let us know if you have any more questions or run into any issues.

is this asic or fpga resistance ?? and what algo is this coin ? and where is discord ?

No, but we don't have any more information to give you on that at this time.  If that changes, we will update it on our website.

After four years of development, CredaCash is scheduled to launch June 15.  If anyone has any questions prior to launch, please let us know and we will try to answer them.  Note this thread is moderated to ensure it remains informative.  Thank you.

We're wrapping up our Q&A for today. If anyone has any additional questions, please feel free to send a Private Message.  We'll do another Q&A after the next beta release of our software.  Thanks much.

Yes, there will be mining.  Please see https://CredaCash.com/mining/ for more information.

Will be there mining in any form?

Thank you for your interest.  If you dig a little deeper and look at the source code, you will see that it was written from scratch and does not share a single line of source code with Zcash.  For a more complete comparison, see https://CredaCash.com/compare

We're opening up this thread to questions for the next few hours.  If you have any questions about CredaCash, its technology, current state or plans for the future, please feel free to ask.  Note that we're restricted to roughly one reply every five minutes, so if you don't see a response immediately, please be patient.

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CredaCash(TM) is a next generation cryptocurrency that is fast, secure and completely private.  It offers:

• Privacy: CredaCash is the most private cryptocurrency in the world. Transactions are encrypted using Zero Knowledge Proofs that keep the source of funds, destination of funds, and the transaction amounts completely private. Some other currencies are far from “100% private” because they don’t keep the transaction amounts private, they mix transactions using a very small mix set which leads to transaction tracing vulnerabilities (Monero), or they combine public and private payments which can compromise privacy even when using a private address (Zcash). All CredaCash transactions are completely private, ensuring the highest level of confidentiality.
  

• Advanced Privacy: CredaCash’s Zero Knowledge Proofs support advanced privacy features such as completely private M-of-N multi-secret transactions, completely private escrow transactions, completely private tokenized assets, completely private asset swaps and completely private cross-chain currency swaps.
  

• Fully Fungible: The CredaCash Zero Knowledge Proof ensures that transaction inputs and outputs cannot be linked. As a result, coins have no history and are completely fungible. That makes it impossible for anyone to discriminate against a valid coin, and no one, not even the developers, would be able to revert an accepted transaction because it is not possible to tell which transaction would need to be reverted.
  

• Fast: CredaCash uses an optimized Zero Knowledge Proof implementation and a high-speed blockchain so transactions can be created and cleared in seconds.
  

• Final: Once cleared, a transaction is final and cannot be reversed, so users can rely on the payments they receive without waiting minutes or hours for multiple confirmations.
  

• Scalable: CredaCash is massively scalable—a single blockchain can support over a thousand transactions per second. In the future, we hope to see support for multiple blockchains, with payments seamlessly routed from source to destination blockchain, similar to routing data on the internet. This would allow massive global scalability with millions of transactions per second.
  

• Flexibility: A single blockchain cannot fill all needs. In the future, we would like users to be able create their own blockchains, each with its own set of features. Smart contracts, additional tokenized assets such as stocks and bonds, new signature algorithms, completely decentralized blockchains, varying blockrates and fees—these are some of the possibilities. These blockchains would all have one thing in common—they will all be able to transparently exchange the same units of cryptocurrency. This would allow new blockchains to be setup on demand to incubate new technologies, with all blockchains interconnected in a global, feature-rich and constantly evolving network.
  

• Compatibility: CredaCash includes an RPC wallet that is as compatible with bitcoin as possible. The wallet takes bitcoin RPC commands and turns them into fast, final and completely private CredaCash transactions.
  

Website: https://CredaCash.com/
Whitepaper: https://CredaCash.com/whitepaper
Source code: https://github.com/CredaCash/CredaCash
Windows binaries: https://CredaCash.com/software
Announcements: https://CredaCash.com/subscribe
Questions: https://CredaCash.com/contact

Launched June 15

After four years of development, CredaCash launched on June 15.

For information on mining CredaCash, please see
  https://CredaCash.com/quick-start-guide/

Please signup for our email list at https://CredaCash.com/subscribe to stay informed of the latest developments.