A NEW GENERATION OF BLOCKCHAIN

Aimed at the financial industry: banks, IoT, financial services providers etc.

SUPER HIGH SPEED

Blockchain with up to 1 000 000 transactions per second.

PROCESSING TIME

Average processing time is 3 seconds per transaction

VERY LOW PRICE

Very low transaction costs

Join CREDITS

Blockchain

Distributed, decentralized storage and open source code. Support for public and private networks.

Transactions

Each record is entered into the blockchain of the block-less database without Merkle trees and sidechains by processing consensual transactions.

Formation of blocks

Permissions are set at transaction level. Transactions are added to the block for the subsequent finding of a consensus by the algorithm for finding the solution of finite state machine

Consensus model

Consensus model: federal with a mechanism for resolving most nodes with permission to make a decision.

Smart contracts

Each smart contract is performed in a separate isolated virtual machine environment, allowing development in script languages ​​(JavaScript), extended work with the scheduled calendar.

System

The system is scalable (as the number of nodes increases, the number of transactions processed per unit of time increases). There is an absence of mining so all coins are issued in advance in a certain amount.

Technical features

Features CREDITS Bitcoin Ethereum
Blockchain & Smart Contracts
Transaction Speed 1 000 000 transactions per second (up to) 10 transactions per second 500 transactions per second (up to)
Block Interval 3 seconds (average) 10 minutes 15 seconds
Block Size Dynamic 1 Mb Dynamic
Consensus Algorithm Modified FA (Federated Agreement + PoW + PoC) Proof of Work Proof of Work
Flexible configured blockchain Yes No No
Coins CREDITS Bitcoin Ether
Smart contracts Yes No Yes
Turing-complete code for developing smart contracts JS equal language Non-systematic Solidity, Serpent,etc
Decision Making Process Democratic Congress (One node=One vote) Non-systematic Non-systematic
Speed of executing contracts 100 000 transactions per second (up to) Non-systematic 100 transactions per second (up to)
User technical features
Crypto algorithm Symmetric-key algorithm + Asymmetric-key algorithm Asymmetric-key algorithm Asymmetric-key algorithm
Using third-party systems Yes No No
Allowed to create own application Yes No (very hard) Yes
API Yes No Yes

January 2017

  1. Development of MVP
  2. Development of White paper

September 2017

  1. MVP Launch
  2. Pre-Sales


November 2017

  1. ICO Launch
  2. Placement on the exchanges

March 2018

  1. Issue Alpha Version
  2. First Users

June 2018

  1. Release
  2. New services


Road map

S1 S2 S3 S4 S5
Pre-Alpha Alpha Beta Release candidate Release
Storage,
Consensus mFA Consensus
FA : Key Design
Implementation
mFA : Key Design Implementation,
PoW + PoC
mFA Optimization Optimisation
Data Store Decentralization Ledger,
NoSQL Store implementation
MessagePack History Blockchain backup
CVM (Credits virtual machine) Design and
Implementation
Integration with
ecosystem
Optimisation Check errors -
Third-party system - Design and Implementation Integrate to full system - Optimisation
Inference Engine Formal Specification and Key Design Elements Reasoner Integration with Blockchain Reasoner Optimization - -
User interface Implementation Web UX design - - -
Wallet Wallet Formal specification UX design Application Test Android, iOS, Desktop Wallets
RPC & REST API Formal specification Blockchain Explorer - Third-party explorer

Project Team

CEO & Founder
Chugunov Igor.


12 years in business, including IT finteck projects, bank and credit e-services, affiliate marketing company for banks and PDL companies. Two years experience with blockchain business. Working with CREDITS platform since 2016.

CTO
Eugene Butyaev.


Engineer (software development). More than 10 ten years software development experience, more than 3 three years experience with blockchain technologies, including SRI Infotech (Poland); solutions engineer based on blockchain technology in Russia. Working on the CREDITS platform since 2016.

Team leader
Valentin Antonov.


Education: Programmer. Experience: more than 10 years as a programmer and architect building complex and high-loaded systems for the financial and banking sectors. In the blockchain industry for about 2 years. Qualified in platform Ethereum.

Web Developer
Merejkin Michael.


Education: Programmer. Joined the team in 2016. Specialist in developing web applications. In this project he is responsible for custom web application. Experience with MS SQL, understands the functioning of a relational DBMS. Web-based applications on ASP.NET


Senior software developer
Aleksandr Krasnov


Big development experience, including blockchain technology experience in a secure team for US company StateStreet. Engineered development solutions for various clients and worked on high loaded systems for orgnisations based in Europe and USA.

PR manager
Matushkina Elena


Seven years experience in PR. Promotes brands and products in print media and online. Participated in the development of a strategy to build a clients presence in social networks; she continues to work on the conceptual developemt of said strategy. Content creation creator (text, photo, video), for social networks.

Development manager
Bruce Sadia


She is responsible for communicating with foreign partners and organizations. She holds a Masters in Communications and International PR. She has three years experience in the IT sector communicating with foreign clients.

Advisory board

Kyle Wang
Senior Consultant
IBM
Cleveland, USA


"The team is exceptional! CREDITS is a novel approach and cryptoeconomic innovation within blockchain"

Artjom Aminov
Blockchain architect
at F&L Galaxy, inc
London, United Kingdom


Developer and architect of high-availability server-side applications based on blockchain technologies.

Tyler Perry-Smith
Investor, Enthusiast
Savitr Capital
San Francisco


"CREDITS can be the catalyst that takes blockchain functionality to mainstream business operations!'