Blockchain Startup Credits Announces Mainnet Release

Announcements, Blockchain, News | April 3, 2019 By:

Blockchain startup Credits has launched the mainnet of its blockchain platform.

Based in Singapore, Credits is an open blockchain platform with autonomous smart contracts and an internal cryptocurrency. The platform is designed to create services for blockchain systems using self-executing smart contracts with a public data registry.

In its announcement, Credits said that its mainnet is a peer-to-peer network which serves as an add-on to the Internet. The mainnet includes Credits Node, a full client software, Credits Monitor, a blockchain explorer, Desktop Wallet and Web Wallet.

According to the company, the Credits blockchain platform can handle more than 50,000 transactions per second with a minimum processing time of 0.1 second. It also offers low fees ranging from $0.001 and smart contracts with advanced features and tools. The Credits platform will initially be deployed in the Indian market and will target the country’s banking sector.

“The Credits platform contains all the necessary functionality to start using software for development and production dApps,” the company said. “Of course, as with any blockchain product, this version is not the final one. In subsequent releases we will launch a series of optimization processes aimed at enhancing our network and data storage modules, API, further develop our SDK, and much more. The most significant updates will take place through hard forks.”

The company said that the release of the Credits mainnet is a long anticipated milestone, adding that their goal is to inform the blockchain community of their technology, communicate their vision for the future of blockchain and get their platform known to the masses.

“It’s been a year-long journey to get this technical masterpiece,” said Igor Chugunov, founder and CEO of Credits. “From the beginning, we were intended to bring absolutely new solution that could find its application in a wide range of industries.”