Amid the birth and death of many Bitcoin clones, we sometime hear about exceptions that are actually looking to bring innovation to the digital currency space. The current limitations of Bitcoin have open doors for many of such developers. One among them is Mourad Ilyes Mlik , a DevOps engineer at Netis d.o.o., who is also heading the development of CreditBit.
NewsBTC recently got the opportunity to speak with Mourad, as he explained how CreditBit – as a digital currency and payment protocol – is looking to provide solutions to Bitcoin’s current limitations. Here are some excerpts from our conversation:
Yashu: How would you explain CreditBit to a Bitcoin follower? Mourad : The differences between Creditbit and Bitcoin are clear and fundamental. Usually Bitcoiners claim that PoS is flawed because coins are generated from thin air or as they like to call it “no stake at stake”. This is where the PoW hybrid comes in, Credibit solves the no stake at stake by generating coins fairly using PoW for the first 6 months; it uses X11 hashing algorithm (Dash hashing algorithm) which is also ASIC resilient. After the 6 months period, Creditbit will not waste any resources, so I like to think of it as environment friendly. This was the fundamental difference, beside the fact that can do 10 times more and 10 times faster transactions at lower costs (no miners, no wasted energy, simple solutions).
What prompted you to lead an altcoin project like CreditBit, considering there are already 600+ digital currencies claiming to be better than Bitcoin?
As you can see in our repos we are the first Hybrid coin that got many important projects to work with the Hybrid coins technology and with support for both PoW and PoS, these can be seen in our […]
