CREDITS is the name given to a unique blockchain platform that has amazing processing capabilities. It’s that good that in the UK, it’s even government approved. Based in the Isle of Man, CREDITS was founded back in 2014 by Eric Benz and Nick Williamson. The system also has its own internal cryptocurrency called CS making it much easier for developers from different industries to implement their own services.
What started off as a small venture, is now about to skyrocket thanks to the record-breaking transaction speeds achieved by the platform. The actual number of transactions processed per second during the Alphas version testing phase was a staggering 488,403. The main aim of this testing phase was to see what the maximum load was and see how resistant the system is when it comes to processing large amounts of transactions.
CREDITS Alpha version was released ahead of schedule in February this year. By March it was listed on IDEX, Tidex, DDEX, KuCoin, and Gate.io. The team at CREDITS are currently working on a Beta version of the blockchain platform and are hoping to launch it very soon.
“We have proved that our system can handle large transaction volumes with the prospects of millions of operations, which puts us far ahead of the competition,” said CREDITS CEO & Founder Igor Chugunov. “Thus, CREDITS platform opens a huge new potential market for using blockchain projects and services that could not previously be accessed due to speed and transaction cost limitations.”