The unique system of building a blockchain allows you to build financial services with high speed transaction processing up to 1 million per second and average speed transaction processing in 3 seconds. CREDITS truly opens up new opportunities to use the blockchain technology in the financial sector.
It is a platform based on its own blockchain technology registry executable with built-in smart contracts for the performance of high-speed financial transaction operations. These features are achieved by the combined use of the concept of “smart contracts” and the search algorithm of the consensus-based algorithm for solving finite state machines using the model of the federal voting nodes. This algorithm will quickly find valid relationships between nodes, and the federated decision-making model to avoid compromised transactions, and making the most informed legal decisions possible existence above found relationships.
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|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||Optimization||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|
|Blockchain & Smart Contracts|
|Transaction Speed||1 000 000 transaction per second (up to)||10 transaction per second||500 transaction per second (up to)|
|Block Interval||3 seconds (average)||10 minutes||15 secondss|
|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|
|Coin issuance||Only for ICO||Mining||Mining|
|Blockchain type||public, private||public||public|
|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 executing contracts||100 000 transaction per second (up to)||Non-systematic||100 transaction per second (up to)|
|User technical features|
|Crypto algorithm||Symmetric-key algorithm +||Asymmetric-key algorithm||Asymmetric-key algorithm|
|Using third-party systems||Yes||No||No|
|Allow create own application||Yes||No (very hard)||Yes|
|User accounts||Secure key, mail, sms||Secure key||Secure key|
The platform is designed to create third-party users of financial decentralized products using CREDITS technology. Including integration into other platforms and third-party services.
Education: Banking. Experience: 12 years, including IT projects during the last 7 years (2010-2017), bank and credit internet services. Marketing services for clients from financial industries: financial services, internet advertising, affiliate marketing company for banks and PDL companies (now working with international affiliate marketing company in financial industry www.kredov.com). Experience with blockchain business: 2 years.
Education: Engineer (software development). Software development experience: more than 10 years. Experience with blockchain: 2 years, incl. 2014-2016 SRI Infotech (Poland) – leading the development of various solutions based on blockchain for different customers; 2015-2016 SRI Infotech (Poland) - leading the development of the blockchain platform for US investment corporation StateStreet (one of the leading world depositary bank); 2016 - development of various solutions based on blockchain for customers in Russia; 2016 - working at the CREDITS platform
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.
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
Experience in PR for over 7 years. Promotes brands and products in media and over the Internet. Participated in development of a strategy of presence in social networks, and continues working to improve the concept. Content creation (text, photo, video), the reason for social networks.
Education: Master’s in Communications and International PR. Working experience over 3 years in IT sphere with foreign people. She is responsible for communicating with foreign partners and organizations.