The CREDITS platform is aimed to be a decentralized peer-to-peer (P2P) financial system wherein financial services are exchanged via a distributed ledger, self-executing smart contracts, and the CREDITS cryptocurrency. Platform participants will be able to both offer and use financial services on the platform. CREDITS aims to offer a new technical solution and conceptual model of networking participants’ interactions, so as to develop a modern decentralized financial services framework. CREDITS will be an open blockchain DLT platform with its own internal cryptocurrency and self-executing smart contracts, providing companies and developers with a B2B solution for creating and trading blockchain based financial services. The CREDITS platform will be a completely autonomous blockchain system, and will offer an extended API utilizing a Turing system capable of creating services using cycles, schedules, and unique functions.Competitors: Bitcoin, Ethereum, Ripple, NEO, NEM, Bitcoin Cash, Cardano, Litecoin.
Uniqueness/Advantages to competition: There is a claim of the ability of more than 1 million transactions per sec, with 0.01 seconds per operation, at transaction costs of $0.001 USD.