VERY FAST BLOCKCHAIN

Well suited to serve a wide range of applications (e.g., financial industry, gaming, gambling, IoT, payments, and many others)

HIGH VOLUME

More than 1,000,000 transactions per second, with future scalability to 10,000,000 per second

LIGHTNING-FAST PROCESSING TIMES

As little as about 0.01 seconds per transaction

INEXPENSIVE TRANSACTION FEES

Defferentiated, from around 0.001 USD

SMART CONTRACTS CAPABILITIES

New, advanced functionalities with developer-friendly interface and programmability

Revolutionary blockchain technology

Decentralized, distributed, open source blockchain network with unrivaled network architecture.

Asynchronous system

Parallel processing of transactions significantly increases the number of transactions processed per second.

No mining required!

All coins are issued in advance, at or before ICO period. All commissions are distributed between the main and trusted nodes. No need for power-hungry proof-of-work calculations.

Revolutionary, consensus-based algorithm

Combining several proven coding solutions, CREDITS is faster and more stable than other blockchain platforms.

Proven security measures

Encryption and a modern signature algorithm that mnimizes the possibility of fraud.

Data compression

Data is reduced to increase network bandwidth and minimize the required disk space of node owners.

Advanced, Comprehensive Smart Contract Capabilities

CREDITS is the first absolutely autonomous blockchain platform. The CREDITS platform allows creation of independent, decentralized, and separate blockchain and smart contracts services.

Cycles and schedules

Smart contracts platform offers truly new features for independent services

Advanced application programming interface (API)

Allows connectivity from smart contracts to other, outside systems

Software development kit (SDK)

SDK provides advanced tools for developers and users

Java virtual machine (JVM) language

More stable, more useful, and more flexible for high-load applications

Technical audit

Brisbane | Bangalore | Hyderabad

www.entersoftsecurity.com

Entersoft is an award winning application security provider trusted by over 300 global brands. Through our bespoke products and services we help build robust, secure applications.

Download the report in PDF

Columbia University Blockchain Labs (Center for Blockchain Technology & Innovation at Columbia University) is a organization that aims to serve as a central resource for education about Blockchain Technology.

Download the report in PDF

Minimum viable product (MVP)

A platform with minimal functionality is developed and can be checked here.

Decentralized network

Each node (peer) is both a client and performs the functions of the server

Nodes and IDs

A network node stores data, while system member IDs come in a familiar public and private key format

Platform transfers

Transferring values between network participants

Consensus

Proprietary algorithm selects the node(s) responsible for storing data in the blockchain

Saving transactions

Saving data to blockchain

Wallet

A visual representation of system operations with minimal third-party features
Test MVP To see MVP video presentation

CHARACTERISTICS

Features CREDITS Bitcoin Ethereum
Protocol
Transaction Volume per second more than 1 000 000 transactions per second 7 transactions per second 300 transactions per second
Transaction execution speed from 0.01 of a second (depends on internet connection) 10 minutes 30 sec -5 min
Cost of transaction Defferentiated, from around 0.001 USD from 10 USD About 0.1 - 1 USD
Smart contracts
Autonomous Fully autonomous - Not
Ciclys Yes - Not
Schedules Yes - Not
API from smart contract Yes - Not

TECHNICAL FEATURES

Features CREDITS Bitcoin Ethereum
Decentrelised nodes Yes Yes Yes
Block Size Dynamic 1 Mb Dynamic
Consensus Algorithm DPoS + BFT Proof of Work Proof of Work
Flexible configured blockchain Yes No No
Coins CREDITS Bitcoin Ether
Blockchain type Public Public Public
Turing-complete code for developing smart contracts Java language Non-systematic Solidity. Not complete, restricted.
Decision Making Process BFT Non-systematic Non-systematic
Crypto algorithm Symmetric-key algorithm + Asymmetric-key algorithm Asymmetric-key algorithm Asymmetric-key algorithm
Using third-party systems Yes No No
Smart contacts Yes No Yes
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

October 2017

  1. MVP Launch
  2. Pre-Sale

January 2018

  1. Issue Alpha Version
  2. ICO Launch

February 2018

  1. Listing on the exchanges

March 2018

  1. First Users

June 2018

  1. Release
  2. New services

ROADMAP

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 Formal specification UX design Application Test Android, iOS, Desktop Wallets
RPC & REST API Formal specification Blockchain Explorer - Third-party explorer

PROJECT TEAM

CEO & Founder
Igor Chugunov


12 years in business, including IT fintech 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 & CoFounder
Evgeniy 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.

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.


Community bounty manager
Evgeny Romanov


Planning and conducting marketing and PR activities of the company's online Community management in social network. In the project responsible for developing programs and support bounty team. Blockchain enthusiast 2014.

Head of investment relations department
David Kolmakhidze


Six years of experience in investment in cryptocurrency, development, consultant in blockchain projects. Expert in marketing strategy ICO. Great experience in building partnerships with investors and angel investors.

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.

Marketing manager
Lera Myazitova


Cryptocurrency enthusiast, five years experience in marketing and PR. Developed a marketing strategy and continues to implement it to ensure strong brand awareness around the world. Promotes the platform online.


Chief Editor
Darya Merkusheva


Author and editor of articles about blockchain and cryptocurrency. Founder of news agency and entrepreneur with 5 years of experience. Author of a Russian blog «Blockchain for Dummies». Education in Applied IT in Economics.

Vice head of IR department
Anastasia Molochek


Four years of experience in events organization. She is responsible for planning and conducting conferences in the field of blockchain.

Public Relations Specialist
Vladimir Mayer


MBA Graduated – Specializing in business relations and administration. Responsible for negotiations of corporate affairs. Several years of experience in blockchain industry. Joined CREDITS team in 2017.

ADVISORY BOARD

Kyle Wang
Senior Consultant
IBM
Cleveland, USA


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

Christian Ferri
Entrepreneur, Investor
San Francisco, USA


Executive with extensive experience in blockchain architecture/DApps/ICOs, strategic planning, investment relations for both large blue chips and nimble start-ups.

Michael Kapilkov
Blockchain Advisement
New York


"I am proud to announce that I have joined 'CREDITS'​ as an ICO Advisor" Founder Healthi, CoFounder Altcoinz, CoFounder I-virtual.

Christophe Ozcan
Blockchain technical - Expert
France


CEO & Co-founder at Crypto4All, Blockchain Ecosystem Advisor at Rockchain, Blockchain commission member at AFNOR Group


Jacob Salvador
Investor & Trader
Blockchain Specialist
Oslo, Norway


Experienced Investment professional in the venture capital and private equity industry. Skilled in Blockchain technologies

Artiom 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!'

Henrique Centieiro
Business Consultant


A specialist in cryptocurrencies and blockchain projects, business planning and development, corporate finance