Since it was first introduced, blockchain technology has brought many changes in various industries, for example in the financial business. Blockchain can overcome various kinds of problems that exist in this industry and make it more modern, transparent and efficient to use.
Blockchain is like “technology” that is able to revolutionize the industries that exist today. It can improve health services, the efficiency of banking transactions, smarter supply chains, and much more. Therefore many companies have implemented this technology on their platforms and the results are quite satisfying.
Credits: Decentralized Financial System
Blockchain can be implemented in any industry, especially in the financial and e-commerce industries. With the presence of the blockchain, users find it very helpful and very enthusiastic about implementing this technology on their platforms.
Credits is one of many platforms that implement blockchain technology and develop it. This is a platform that provides a decentralized financial system with the principle of peer-to-peer (P2P) and distributed ledger features, self-executing smart contracts, and cryptocurrency, which will help people.
Credits is like a platform that will unite people and enable them to create, offer or use financial services. This is a conceptual model of “participant networks” that will develop a blockchain-based financial service, which will have a significant impact on the development of modern decentralized financial services.
Infrastructure And Components of Credits
Credits can be used by anyone to develop financial services according to their needs. To accommodate this, Credits provides an extensive list of custom-made blockchain-based products aimed at making interactions with the platform easy and secure. It is hoped that users will be able to comfortably and safely use the Credits platform.
- Network Node
Run the node, participate in consensus, maintain the network and get rewards
- Desktop Wallets
Conduct transactions, deploy and execute smart contracts
- Web and Mobile
Execute transactions, store and issue digital assets
Additional tools crucial for dApps and infrastructure development
Credits is a platform with unique characters, which can be adopted in various industries. Thus Credits are not limited to the financial industry, but industries such as cargo or health can also adopt Credits.
This is a technical feature that can be obtained when adopting Credits technology;
- Lightning-fast transaction processing time
From 0.1 seconds to confirm a transaction. Up to 5 blocks are generated per second.
- High decentralization level
Anyone is able to run a node and maintain the network. Equitable rewards distribution.
- Advanced level of security
Highest security based on Byzantine Fault Tolerance algorithm
- Nearly free cost. Inexpensive fees.
From 0.00014 CS (around 0.00001 $) fees per transaction
- High network capacity
The platform can process up to 1 million transactions per second.
Many experts predict that in the future, blockchain will massively be used in industries in this world. Credits are platforms that make blockchain penetration into daily life possible, enabling people to form financial services: money transfers, currency, and value exchanges, crediting, funding and other services directly between participants, more easily, safely and efficiently. Thus everyone can have the opportunity to get cheaper, faster and better services.