May 13, 2016, Ljubljana, Slovenia – Creditbit is one of the faster growing digital currencies in the cryptocurrency segment. The rapid adoption and development has positioned Creditbit as the ‘Future of Money’.
Launched in 2015, Creditbit follows the decentralized model like many other digital currency platforms to revolutionize the monetary system. With the platform, Creditbits ultimate goal is to reach out to every individual on the planet , offering them banking and financial services over the blockchain. The conventional banking system comes with its own challenges, which makes it almost impossible for everyone to have his/her own bank account. The challenge is mainly due to the centralized nature of the operation, where there are people and organizations who make the decision for their customers. These decision makers are also the ones who decide whether to provide these aforementioned services to a particular segment of people.
Creditbits open source approach makes it easy for anyone to join the community to use and further develop the Creditbit protocol. Moreover, setting up a Creditbit addresses and making transactions over the platform is completely free. The open source nature of Creditbit doesn’t confine its users to one particular model decided by its creator but it also allows developers to run, modify, copy and even distribute the modified versions of the software. The strong developer community ensures that the platform by itself is constantly evolving, in turn increasing adoption by offering a great user experience. Creditbit is built as a robust platform, with all its source code available on main repos on GitHub. How is Creditbit Different from Bitcoin
Creditbit has recognized the challenges faced by Bitcoin and implemented the changes to prevent such issues from repeating on their platform. Creditbit uses a Proof of Work (PoW) hybrid, solving the no-stake-at-stake problem generally faced by […]
