Credits have published patents for its innovative technology. It’s expected that its capacity will be expanded promptly, enabling it to deliver highly operational performance and increased reliability.
Credits’ Core Infrastructure
Designed entirely from scratch, the technology behind Credits allows several industries to utilize immutable blockchain-based technologies, to issue tokens, launch decentralized applications (DApps), and to engage in secure electronic commerce.
Receiving exclusive rights to several functionalities is paramount for Credit to establish more competitive power and to game additional room for extra development.
What Are the Inclusive Best Practices?
There are a few exclusive rights playing an incremental role in the platform’s future development. The list of their best practices includes the following.
- Group Collaborative Decision-Making Through Decentralized Network Nodes
This is one of the primary and vital functionalities of distributed ledgers, also known as blockchains. The invention is construed to create new tools that will contribute to the most efficient and collaborative decision-making by the nodes in the decentralized network.
This also includes the generation and the performance of transactions or the implementation of an environment based on smart contracts.
- System and Method for Processing Transactions
This one is an invention that contributes to a highly-efficient execution, validation, generation, and verification of transactions in a decentralized network.
In said network, all the decisions are made by the nodes regarding the transactions which are acceptable to all of the network nodes.
- Parallel Pool Formation
This particular invention is designed to improve the performance of blockchains as a whole by collaborative sharing work between the different computer devices of the same class while also making joint decisions that are suitable for all of the included nodes that participate in the governing network body.
The patents that Credits managed to obtain construe a critical step to stimulate the development of the platform further. They are also an essential requirement for the technology-based needs of its users.
The achievement is also intended to improve overall economic growth. The value from patents provides a serious range of benefits because they apply to the cooperation with businesses. They also provide a serious freedom of movement in the overall company’s activity, which is particularly important in the highly competitive cryptocurrency field.
Various Opportunities Through The Credits Platform
It’s also worth noting that the platform that Credits has devised provides for an array of opportunities for those in the cryptocurrency field.
Debit card issuance has become a hot topic of late, especially after Binance revealed the future roll-out of its own card. Credits also issues digital debit cards in their mobile app. Although virtual, the card is said to be accepted worldwide, and users can top it up with their other cards.
Another interesting offering that’s coming soon to the platform is the various staking and savings programs.
Users will be able to receive certain rewards for holding CS tokens in their wallet for a predetermined amount of time. It’s currently advertised that the rates of annual returns will be upwards of 5%, which is considerable compared to what users get with traditional institutions.