Topic: ** LAUNCHED ** CredaCash -- The Most Private Cryptocurrency in the World - page 3. (Read 10537 times)

The main chain is working . to get into it , you need to use the kernel version 1.1 . At the moment, the developer on the site has changed the download link to the test version..
In the test chain, you will be able to familiarize yourself with the automatic exchange of BTC

https://dropmefiles.com/WZr94
version 1.1

so it is mainnet but peoples mine testnet what a strange project Im really confused

Thank you for remaining loyal and engaged in the project. It is our intention to not let you down!

It's really exciting to see that you have come back for so long. I was the first player to participate in the original test. I followed the test for nearly three months. When we were looking forward to a better future, everything stopped because of the lawsuit. Thank you for your persistence and return now. I still want to ask whether the original commitment and rules still take effect now. I still have some test coins in my hand. After all, I have the same expectations as you and have paid for three months for the project We still have more than 4 years of expectation in terms of time and cost. I hope the team will not let the original participants down

The seller's payment is locked up in a contingent transaction.  What the seller does after that point doesn't matter.  The outcome of the seller's contingent transaction depends only on whether the buyer submits a valid claim for the seller's payment prior to the expiration of the payment time.  If the buyer submits a valid claim, then the contingent payment becomes spendable by the buyer; if not, it reverts to the seller.  This is a consensus rule enforced by every full node validating the blockchain.  This could fail if no witness is willing to add the buyer's claim to the blockchain.  The witnesses however are incentivized to add the buyer's claim to the blockchain both by the transaction fee they would potentially receive, as well as a general interest in ensuring the blockchain operates reliably and predictably.  Thank you for the question, and please let us know if there are any additional questions we might be able to address.

from https://credacash.com/crosschain-exchange-overview/
But what if the following case happens:
The seller (of credacash) uses modified software that always behaves as if no bitcoin payment has been made. He receives Btc, waits until payment time expires so that his payment reverts and has now both credacash and bitcoin.

IIUC this exchange is not atomic, but would be similar to Bisq.
Bisq requires a security deposit (locked into multisig bitcoin tx) from both buyer and seller, and must use human arbitrators for dispute resolution. Can credacash solve this more elegantly, and how?

Mainnet went live in 2019. There's currently no mining on mainnet, but we are working on a new release that will include an integrated peer-to-peer exchange, as well as currency mining using the exchange. That release is currently in beta and running only on testnet. We should be putting together a release schedule for mainnet shortly, after we see how testing goes on the testnet. We will of course let you know. Thank you for your inquiry, and please let us know if you have any additional questions.

Any eta when mainnet comes to life

The main network functions separately. Coins from the test network cannot be exchanged into the main one. Currently, in the test network, you can learn all the mechanics and be ready for new features in the main network.
I think we will soon see details about the new way of mining coins for those who are interested in mining.

It seems to be the test and simulation stage of all functions. The main network you mentioned should wait for the opening of the exchange. They currently do not have a mature graphical wallet tool, and beginners need to study and explore. I don't know when the exchange function will be available

Does it is a testnet or coins are valid for mainnet use as i first time see your project and I'm confused. I want to start mine it but need to know does it is a test net or mainnet ??

Thank you for your inquiry. There are probably many reasons to get involved, including a belief in the technology. Our current goal is to get the peer-to-peer exchange released and implement mining through the exchange, and then the primary ways to acquire CredaCash currency will be through trading and mining on the exchange. We'll have more details on how mining will work in the future.

Our enthusiasm and commitment to this technology and the crypto community have not faded, and we're very excited about this next release since it again addresses long-standing needs that will soon be fulfilled. We're not seeking investors but would certainly be willing to work with other people interested in the technology. The best way to contact us about that would probably be through our website. If you have any additional questions, please let us know! Thank you.

The project has gone a long, difficult way, but we can proudly state the fact that the project was originally created to really work. The quality of the product is really high. Everything works smoothly and very quickly. NOT every blockchain can be proud of such a stable and very fast operation. The second point with the litigation suggests that the developers have been diligently creating a product for a long time and for people and not for greedy investors following the scam. Now we see that this is a really reliable tool that has a future and I am very glad that we have returned to the path that is aimed at work and will bring huge benefits to users. This is a truly unique project in the modern blockchain world. And when people look at the principle of work and how everything works, they will come and greedily own coins.   

This project has passed for too long, and those who have been involved in testing and mining have almost forgotten it. It may be confusing for newcomers to restart now? The technology is undoubtedly excellent and innovative, and has a bright future, but what motivates new users to participate? How to get coins? Or is the team waiting for new investors to get involved? In other words, the team already has funds behind it, just wait for the exchange to open the transaction

.

Like the whole product. It's already working and working pretty well! Please test in the beta version. To get to know the system better!

This would be epic innovation for the crypto market

One of the early goals of cryptocurrency was to disintermediate banks.

Then exchanges became the new gatekeepers. Like FTX.

Billions were lost, and markets collapsed.  Then came crypto winter.

The Next Generation

We believe open, consensus-based networks are the future.  We believe privacy, along with reliability, scalability, and settlement speed, are key components of any financial system that handles assets of significant value.

The recent collapse of exchanges such as FTX, and theft of funds from swap contracts, DeFi contracts, and cross chain bridges, illustrate the fundamental vulnerability of centralized exchanges and custodial platforms, and the importance of decentralization and self-custody.

The CredaCash project will soon be releasing a crosschain exchange integrated with its blockchain.  This exchange will allow users to trade bitcoin for CredaCash, and CredaCash for bitcoin, providing instant access and liquidity to all users.  This trading will be entirely peer-to-peer and non-custodial, eliminating the risks associated with centralized exchanges, swap contracts, and crosschain bridges.  As far as we know, CredaCash will be the only completely private cryptocurrency with an integrated peer-to-peer crosschain exchange.

This functionality is currently in beta, and can be downloaded and evaluated at https://CredaCash.com/software/

A Vision for the Future

The ultimate vision is an open platform for cryptocurrency and tokenized assets that is fast, final, and massively scalable, while supporting complete privacy and instant liquidity through an integrated crosschain exchange.

Every year, organizations worldwide issue thousands of securities, and pay trillions of dollars in dividends, interest, royalties, and other revenue streams.

The CredaCash blockchain was designed from the ground up to handle digital assets, including debt, equity, and other securities, while maintaining complete privacy.  This privacy is essential to protect high-value assets from theft, extortion, and other crimes, while allowing everyone the fundamental dignity of keeping their financial affairs private.

In addition to privacy, the CredaCash project has developed unique and powerful methods to pay distributions.  These techniques have unprecedented scalability, and will allow millions of organizations to near simultaneously distribute dividends, interest, royalties, and other income at the end of an accounting period without overloading the network or interrupting trading.  This is a key capability to enable widespread securities trading on a blockchain network, and no other blockchain even comes close to accomplishing this.

The CredaCash project hopes this unique technology soon becomes available in an open, global, consensus-based network.  This network would support full regulatory compliance where required.  The project envisions millions of digital assets being administered and traded on this network.  Some of these digital assets will be securities issued directly on the blockchain in order to benefit from simplicity, reliability, low cost, and immediate access to a worldwide trading network.  In addition to assets issued directly on the blockchain, multiple custodians may digitize existing off-chain securities and reissue them for trading on the network.  This would quickly make thousands of existing securities available to users worldwide.

This vision will help realize the ultimate goal of financial systems that are open and available to all.

Support the CredaCash Project

Here are some ways you can support the CredaCash Project:
– Test and provide feedback on the crosschain exchange beta release.
– Tell your friends, acquaintances, and contacts about CredaCash.

And in the near future:
– Acquire and use the CredaCash cryptocurrency.
– Use the CredaCash crosschain exchange.
– Mine CredaCash cryptocurrency using the crosschain exchange.
– Develop tools to make CredaCash easier to use.

For more information, please visit our website at https://CredaCash.com, or feel free to contact us here or at https://CredaCash.com/contact

Thank you,

The CredaCash Team

Greetings Bitcoin Talk Community,

It has been almost 3 years since we last reached out to you.  As we reported back then, an outside investor had filed a petition in U.S. Bankruptcy Court in an effort to take over our software development company, Creda Software, Inc.  We’re pleased to report that case ended favorably for us and the project.  While the result was favorable, it was a long, exhausting, and arduous process.  We’re writing today to let everyone know what happened and report on what comes next for the project.

In 2015, CredaCash was the first project in the world to demonstrate practical, fully-private blockchain transactions, over two years ahead of any other project.  The key innovation was a method to create a zero knowledge proof in just a few seconds, when other techniques at that time required several minutes or more.

In 2019, the CredaCash project released the CredaCash cryptocurrency, based on an innovative blockchain that is fast, final, scalable, and completely private.  This release included ground breaking privacy features such as completely private tokenized assets, completely private multi-signature transactions, completely private escrow transactions, and completely private cross-chain swaps, making it the most private blockchain and cryptocurrency in the world.

During development, the company set up to create this cryptocurrency, Creda Software Inc., took in one outside investor who put in $100K in exchange for 1% of the future cryptocurrency. This was done in the form of a convertible note, and it was agreed that if and when the cryptocurrency was created, the investor would convert the note and take delivery of the cryptocurrency.

There can be no question the project delivered.  Soon after the CredaCash cryptocurrency was minted, the investor wrote to one of his business associates that the CredaCash cyptocurrency had “what I think is a golden combination of features for a next generation/final generation cryptocurrency.”

However, rather than accept the agreed upon 1% of the cryptocurrency, the investor demanded 20% and threatened that if we did not give in, he would bankrupt the company and take everything.  While we were willing to be reasonable, we were not willing to give in to extortion.

The investor did in fact file an involuntary bankruptcy petition in U.S. Bankruptcy Court in April of 2020, and the court appointed a trustee to investigate.  On the advice a counsel, the project halted all work while the trustee investigated.

The project cooperated completely with the trustee’s investigation, and believed the case should and could have been resolved quickly and easily since the only asset held by the company was the cryptocurrency designated for the investor, while the rest had been distributed to the founders, miners and Foundation, as agreed to by everyone, including the investor.

In March 2021, after we provided the trustee with complete documentation, the trustee proposed a release of claims in exchange for a reasonable amount of money, and we agreed.  This settlement fell apart however when the trustee attempted to limit the scope of the release, which we were not willing to do because it may not have resolved everything.
 
The trustee then essentially went into stall mode, stating that he needed to continue investigating, while doing nothing.  Eventually, we asked the bankruptcy court for a declaratory judgment.  After almost a year of litigating the declaratory action, including motions, discovery, and deposition, the trustee agreed to a complete walk away.  The trustee could have gotten that plus a cash payment if had he not backed out of the earlier settlement.

The net result is that the investor spent tens of thousands of dollars on legal fees and got nothing.  The trustee got the 1% of the cryptocurrency the investor could have gotten if he had not filed the bankruptcy petition.  Everything else was retained by the founders and the Foundation.

In all, this was a colossal waste of time, and shows what can happen when greedy investors and their lawyers hear the word “crypto” and think they can take advantage of naive developers.  The moral of the story though is that we will not give up, back down, or be extorted, by anyone, ever.

The project is now completely free and clear of this, and we’ve been busy working on our next release.  We’re very excited about it, and will be posting details on Wednesday, March 1, so please stay tuned!

Thank you,

The CredaCash Team

Download CredaCash_v1.9_beta
 
https://credacash.com/software/

This is a preview version of the next generation of CredaCash, which includes an integrated, peer-to-peer, crosschain exchange. This exchange allows users to trade CredaCash for bitcoin across blockchains, instantly providing access and liquidity to every user.