Credits Blockchain Platform

Credits Blockchain Platform allows the users to apply blockchain technology in solutions for business and IT by use of autonomous smart contracts to creation and data storage on transactions and transactions in all network. All information is protected by means of cryptography.

2019: Architecture and features of Credits Blockchain Platform

For October, 2019 among features of Credits Blockchain Platform — completely decentralized blockchain protocol open source supporting smart contracts directed to creation of high performance applications.

Credits Blockchain Platform is suitable for carrying out microtransactions, mass financial payments, release of the decentralized applications and data storage in a blockchain. The platform also allows to release financial assets, such as steyblkoina, digital assets, tokens, loyalty points, etc. and to create services on the basis of technological solutions of Credits.

Architecture of a blockchain platform

Softwares are the cornerstone the technologies developed by Credits from scratch:

• Proof of Agreement (PoA): the algorithm for reaching consensus and decision making based on repeated confirmation and data processing by means of the safe solution for implementation on the basis of BFT.
• Credits Data Transmission Protocol (CDTP): the high-speed protocol for the decentralized network with collective validation, capable to process transactions with a speed from 0.1 seconds on transaction. An opportunity to carry out up to one million transactions in a second.
• Validation and data validation: algorithms for generation of new sides and validation of transactions on the basis of highly protected cryptographic algorithms. The multithreaded database, the parallelized validation of processes and confirmatory signatures, a fast algorithm of synchronization of data.

Technical features of the platform

For October, 2019 the Credits platform is distinguished by technical characteristics which allow the platform to be accepted to use in a wide range of the industries.

• High processing speed of transactions: From 0.1 seconds for transaction confirmation. About 5 blocks per second are generated.
• High level of decentralization: Any can start a note and support network. Equal distribution of remuneration.
• The raised security level: The most advanced stage of security based on an algorithm Byzantine Fault Tolerance (BFT, "The Byzantine fault tolerance")
• Almost free of charge: Charges for transaction — from 0.00014 CS (about $0.00001)
• High capacity: The platform can process up to 1 million transactions per second.

You look also the Blockchain and cryptocurrency