In what seems like the blink of an eye, blockchain has become one of the most talked about technologies in the IT world. From a mere concept just a few years ago, blockchain technology is already being used by companies in large-scale industrial implementations. Although the technology itself is revolutionary, there are certain blockchain limitations that have cropped up. These blockchain limitations don’t make the technology less revolutionary, but they have raised questions about its efficiency and reliability. The majority of prior-generation blockchain frameworks have serious limitations:
Scalability issues;
Systems heavily reliant on servers;
Limited functionality, and etc.
The well-known and prominent smart contract-powered Ethereum continues to face major obstacles in scalability, security and network congestion. Moreover, Ethereum are not ready for financial transactions due to a slow rate of 0.5-15 minutes and a price of about 0.02-0.5 dollars per transaction. This is unacceptable for the financial industry. Credits creates an internal cryptocurrency and smart contract platform with a new proof-of-agreement (PoA) consensus model: a scalable blockchain framework for DApp development that would allow building smart contracts in the blockchain environment.
The goals were to bring smart contracts to everyone as well as offer such major benefits to: Financial and Banking Systems Financial institutions will be able to significantly reduce their transaction costs, exclude intermediaries while simulataneously securely protecting their data. Internet of Things (IoT) The CREDITS platform and smart contracts will allow for the connection of various IoT devices into a single network and effectively manage them: smart cities, smart homes, smart cars, smart businesses etc. Crediting Credit robots will be able to issue loans with the most optimal terms, regardless of countries and continents. Globally, with any person in any country through the CREDITS platform. To put it simply, Credits wanted to make it easy, simple, fast and convenient for developers to create apps using the Credits network and help them make a profit off of it. What is Credits? Credits is an open-source blockchain application platform. Credits' core technology combines the unique new consensus algorithm - PoA (Proof of Agreement) based on BFT conception, new high-speed data transmission protocol. Credits' Proof-of-Agreement (PoA) consensus mechanism enables true decentralization, while also increasing stability, security and efficiency of the blockchain platform. Proof of Agreement (PoA) Unique consensus and decision-making algorithm based on multiple validation and data processing with a secure implementation solution based on BFT. Credits Data Transmission Protocol (CDTP) A new high-speed protocol within a decentralized network with collective Validation capable of processing transactions from 0.1 seconds per transaction. Up to million transactions per second possibilities. Validation & Verification of Data New blocks generation and transaction validation algorithms based on highly secure cryptography algorithms. New Multithreaded database, parallelized process validation and verification signatures, fast data synchronization algorithm. Credits Verdict Credits boasts transaction speeds of “Around 0.1 seconds”, fees of “around 0.001 USD” and “millions of transactions per second”. These numbers kick the behind of current leaders such as Ethereum and NEO. Credits aims to be an all-in-one solution for a lot of sectors. Decentralized Data, Smart Contracts, Issuance of Financial Assets and Crypto Payments are all listed as solutions on Credits Website. For more information about Credits, you can visit these following links:
The globalization of our planet leads to globalization of relations among its whole population. Today, the demand for digital money is very high. Internet digital currency is safe, based on the internet, accessible currency, assisting all people without bank accounts in getting access to funds and also allows making fast and cheap transfers of funds without any geographic limitations. Smartphone popularity in developed countries and speed of its expansion in developing countries permit such companies as Pngme.com to offer services of full platform of banking. We can use it having only a smartphone. What Is Pngme? Pngme is a mobile finance platform that combines the traditional values of traditional banks and the crypto ideology of personal asset management. The company aims to develop an mobile based application that will be download-able both on Google Play or the App Store. The all-in-one banking app enables users to manage both traditional and digital assets under one roof. As a mobile financial services for fiat money and virtual currencies, the app is an essential tool for traders, investors, and anyone that would like to conduct crypto transactions. Users will enjoy a comfortable use of their digital assets. Regardless of whether you have previous experience with cryptocurrencies, or you would only like to purchase some for the first time, Pngme will come with a usability that users will appreciate. The platform offers its users to earn rewards, lend money, and build their borderless credit score. It is easy to access your digital assets and use digital assets to make online purchases. Besides, Pngme is also planned to bring, USD, GBP, EUR, and KSh currencies to users wallet on its second release. Allowing users to make instant payments and save in their local currency. Pngme Features Pngme offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies. All main operations of Pngme will be available through mobile bank: receive loans and credits, immediate fund transfer all over the world, and bank deposit opening. Reward programs will also be organized with the possibility to receive loyalty reward on referral system or Pngcoin balance saving.
Mobile Payments: Low or fee-less mobile payments in your local or digital currency
Everyday Accounts: Easily create a daily spending account for everyday mobile payments
Loan Marketplace: Lend and borrow money on Pngme at competitive interest rates
Credit Score: Algorithmic credit score created from a user's mobile digital footprint
Piggy Bank: Earn interest on the money saved in your Pngme piggy bank account
Rewards: Earn Pngcoin rewards when you refer friends and save Pngcoin
Pngme Conclusion Finally, Pngme provides services of client’s remote access to accounts, products and bank services and allows performing all bank operations. Pngme offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital including cryptographic and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies. Pngme will become a fully digital bank, accessible all over the world and at any moment. It will conduct all functions of a typical bank but without any bank departments and front-offices maximum relying on new digital technologies. This will allow Pngme to become one of the most inexpensive banks in the world with a very profitable level of cost-to-profit ratio. However, before you start to singup for early access of the Pngme service, you should make your own research about Pngme on its Website, Whitepaper, or gain information update on its Telegram Group or Twitter. *Author's Bitcointalk Username: binar234 Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245
About XCARD Wallet XCARD Wallet is the most secure crypto & FIAT wallet and payment card (an absolutely disruptive biometric crypto credit card) which allows 50 mln crypto-users to spend their crypto and FIAT assets instantly all around the world. XCARD makes your experience with crypto as easy as FIAT money whether it’s your first time, or if you’re an advanced user. Together with VISA (Apple Pay and Google Pay wallet enabled) XCARD introduces a Multi-Currency Biometric Crypto Credit Card. XCARD is the only provider of biometric credit cards in the crypto industry worldwide. The card is available as virtual, physical and biometric. The company offers a personal banking solution that is a hybrid between traditional banking and cryptocurrencies. XCARD is considered to be the first company to combine the acceptance of fiat currency with the blockchain’s flexibility. XCARD Wallet is a secure wallet. User's funds are segregated in a multi-signature cold-storage wallet to ensure that he is the only one with access to his money. XCARD Wallet supports large amount of financial assets and services including:
150 FIAT Currencies
Top 30 cryptocurrencies including ERC-20 based token
Securities based on blockchain technology
eCommerce payment services
XCARD Wallet has successfully integrated technologies for global payments and peer-to-peer transfers, allowing for service you can use with just several clicks. The company also protects privacy, enhances security, and improves the customer experience. XCARD Wallet works to constantly improve its services and products to better meet the needs of clients. XCARD Wallet Features Using XCARD Wallet, you can connect your credit cards. The application lets you store cryptocurrencies, including Bitcoin and any top cryptocurrencies. It is also possible to exchange cryptocurrencies for fiat currency with access to exchanges all over the world. XCARD Wallet also featured with Built-in internalizer – an arbitrage engine – provides users the best exchange rates available on the market. Moreover, XCARD Wallet is combined with XCARD Biometric Credit Card, the most secure credit card for instant crypto withdrawal from any ATM. XCARD Wallet also supports transferring digital currencies between users anywhere around the world. Or you can transfer money to someone with very low fees compared to traditional services to send money. You can make transaction anywhere you want, with any (crypto) currency and any payment card. XCARD wallet allows you to make and receive payments in the desired currency. Buyers and sellers decide transaction details independently. XCARD’s team has a proven track record of more than 20 years in payment systems, payment cards, exchanges and currency trade systems. XCARD Video Explanation
MBM Token XCARD Wallet introduces an utility token, the MBM token that fuels the whole Platform that is the most liquid token in the XCARD Wallet. Once regulation enables legitimate issuance of equity or security tokens, special benefits for investors and MBM token holders will be offered. Token Details Ticker: MBM Platform: Ethereum Total supply: 640,000,000 MBM
