ICO Review: CREDITS by @IcoReview

 Web: https://credits.com/

Telegram: @creditscom

Whitepaper: Read 

Token: CS (1 ETH = 5.000 CS)

HardCap: 20 Million USD

Total Token Supply: 1 Billion

ICO Date: 15 February - 28 February

Overview:

CREDITS is an open blockchain DLT platform with internal cryptocurrency and self-executing smart contracts. This is an independent and completely new development based on their own technologies.

CREDITS is a B2B platform (protocol) for companies and developers to create services based on blockchain and smart contracts. The platform also has unique networking features and smart contracts that are not available in other platforms. 

Project aim to solve many problems of blockchain platforms, such as low network capacity, time of payments, time of execution of a smart contract, high cost, no fully functional smart contracts and the volume of the saved data. 

CREDITS is a platform with completely new technical network capabilities, speed, cost of transactions and total number of operations per second. It is an open platform which means that users and companies can create online services that implement the blockchain protocol. CS is used as an internal means of payment for the use of the platform. 

There are some CREDITS TECHNOLOGIES:

• NEW BLOCKCHAIN The registry is a system of per-transaction recording unlike the classic Bitcoin system 
• ASYNCHRONOUS BLOCKCHAIN Blockchain/registry works in asynchronous mode. While the registry is being recorded, a consensus is achieved
• NEW CONSENSUS Calculation of the mathematical function based on the last registry hash calculation and subsequent ranking to select the first main and trusted nodes. 
• ADVANCED, FULL SMART CONTRACTS On the platform you can use new features: cycles: schedules, extended API and other extensions missing from other platforms
• HOMOMORPHIC ENCRYPTION Reduces transaction processing time by not having to completely decrypt the data package 
• ARCHIVING Compression of information up to 90% allows saving space and reducing time to load data 
• NO MINING All coins are issued in advance at ICO. The current main node owner receives 50% of commissions.

The vision is a completely peer-to-peer arrangement for delivery of financial services: money transfers, currency and value exchanges, crediting, funding and other services made directly between participants. Everything is conducted without additional intermediaries, according to a principle of equal participation. As a result, everyone gets cheaper, faster and better services. 

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