The CREDITS platform is a decentralized financial system based on the principle of peer-to-peer (P2P) where participants can conduct transactions directly. The platform expands the potential of using financial services based on distributed ledgers, self-executing smart contracts and the CREDITS cryptocurrency. The system aims to unite all participants on one site, providing them with a platform to create and use financial services; everyone can provide a service and use it. With a clear and balanced technical system, the CREDITS platform provides new technical solutions and a new conceptual model for the interaction of network participants for the development of modern decentralized financial services. CREDITS coins can be used as an internal payment method used by the system. CREDITS can also be used to exchange different currencies and various values ​​in the system, create and process business according to smart contracts, and purchase information from third-party sources from the system for services.

1. Project application

The blockchain of credit allows the issuance of products such as certificates of deposit, bank guarantees, stocks, bonds, letters of credit, cryptocurrencies and other currencies that work on the blockchain and are pegged to national currencies, loyalty program scores and other assets. Digital assets issued on the blockchain have the same attributes, but the technical implementation is different:

•Products are issued and circulated between accounts within the Credits blockchain (rather than within the public system) .

•Possibility of using new assets and integrating them into other services and IT systems: exchanges, traditional Banks, payment cards, etc.

• Digital assets are transferred directly between network accounts without going through intermediaries: banks, SWIFT, card services wait.

2. Project Features

1. Public data.
Disclosing transaction data of all interacting parties while maintaining anonymity, storing data in a reserved and immutable blockchain. A unique tool for creating and managing contracts for the automation of services and processes through self-executing blockchain programs. Issue tokens for your services and processes using smart contract-based platform tools, using Credits without an intermediary.

2. Direct payment.
Credits is an open blockchain platform designed to create services for blockchain systems using self-executing smart contracts and public data registries. Credits is an open blockchain platform with autonomous smart contracts and internal cryptocurrency. The platform aims to create services for blockchain systems using self-executing smart contracts and public data registries.

Related link:
https://credits.com/en/home/sln/0