CREDITBIT- the future of money | NewsBTC

Imagine having digital cash on your call that does not devalue massively, that is interchangeable for local anesthetic and other currencies and that offers transactions that are fast and low-cost and cash that comes with fantastic technology and free fluid apps that are slowly to use … and more : that ’ randomness CreditBIT .

Crypto currency, digital cash, decentral coins … what is that?

Digital cash is a buzz-word nowadays. Yet, anyone slightly conversant with ITC or fiscal technology will have heard something about crypto currency, like Bitcoin and Ethereum, and their promptly rising popularity amongst the bank and the unbanked ; and of path, about rising prices and ditto market capital. But what is crypto currency and how does this work ?
A crypto currentness is a token that as culture medium of change is using cryptanalysis to secure the transactions and for the see of newly mint creation. Crypto currencies use decentralize protocols that works on majority consensus. This makes crypto currencies intrinsically democratic, reverse to the centralized electronic money that the stream FIAT payment systems use .
More than merely money … Yet, even when we can use decentralize tokens, like code coins as digital cash, the underlying disruptive technology of the blockchain should not be limited to this entirely. The blockchain, which is a circulate database, can be used for much more as fair creating smart currencies. This is distinctly

More than just money …

so far, even when we can use decentralize tokens, like code coins as digital cash, the underlying disruptive engineering of the blockchain should not be limited to this alone. The blockchain, which is a stagger database, can be used for much more as equitable creating ache currencies. This is clearly shown with the Ethereum blockchain where versatile tokens, like e.g. CreditBIT, run on their smart compress technology. Smart contracts are a coherent promotion of stagger daybook engineering and aims at automating a software managed compress process so that human participation is not mandatary. This does not alone offer solutions in the legal kingdom, e.g. digital copyright license management, but could besides handle transactions in the fiscal technology area .
The advantages of crypto currentness and the smart contract options of some coins taken in concert, the current boom in blockchain consortiums and crypto trade volume should not come as a surprise. chinese miners operate their mining farms and countries like Japan and the Philippines now accept
payments in crypto currency. South Korea and other nations are considering or preparing crypto currency borrowing and in Switzerland people can already buy digital cash on the railroad track stations and use it to pay for their local anesthetic tax ! But what about Africa ?

Africa and the financial payment system

In Africa, the situation with regular decree currencies is very shuffle and complex. Some forms of money are relatively stable ( like gold or silver coins ), other currencies drop curtain in measure ( ostentation ) because governments and banks flow the commercialize with cheap money. And that is for those countries and areas,
where people do have access to the fiscal markets, which is not common place at all, as many in Africa are hush unbanked ; a position that badly and unjustly excludes many entrepreneurs and little business owners from access to the universe marketplace and prosperity .
A proper working requital system could unleash the increase potential of the African economy and support new firm submission, invention and growth. It might besides easily fix the failure of the presently dominant allele fiscal system : while banks, credit-card and money transplant companies have existed for quite a while, they have not taken concern, that all people do get access to payment systems to buy, sell and do business all over the world in order to improve on their living standards, create jobs and buy cars and houses. You can help to change that …

How to end this archaic situation?

We are not claiming that digital currencies like Bitcoin, Ethereum or CreditBIT can repair all the failing structures of the old-economy instantaneously, but it is disruptive adequate to facilitate real change. In fact, crypto coins and their fundamental blockchains are a requital system on themselves and their intrinsic qualities, like code transactions, that are save, fast, cheap and relatively anonymous – all depending on which coin you use – form a good and dearly needed alternate .
so seen, digitally encrypted protocols could transfer ball-shaped electronic payments without the need of a third party to mediate, holding funds or control the network. All that is needed are computers using a broadband connection. Yet, achieving ball-shaped fiscal capability on the crypto currency networks isn ’ t
feasible today, but it will be in the future and for now there is capacity enough, particularly for growing markets like Africa.

What role could CreditBIT play for the future of money in Africa?

A good question and basically one, that you can help to determine. What we are saying, is that by making function of good, safe and competent coins, you can benefit from the begin and avail to speed up the summons of change in the current money system .

What is CeditBIT?

CreditBIT ( ticker : CRB ) is a smart, cost-efficient, swift and decentralized digital nominal that runs on the Ethereum blockchain and can be safely stored on your fluid or personal computer wallet. CreditBIT requital transactions know no chargebacks or payment limits and you need no investments in extra hard- or software. You can exchange CreditBIT on crypto exchanges or with anyone having an Ethereum wallet .

What is so special about CreditBIT?

decidedly the professional development and selling team, that deliver ace work. Because of the democratic quality of CRB – with the CreditDAO/CreditBIT Foundation for fair administration – and the possibilities of Ethereum bright contracts, CRB is much more than just another investment-hype .
One good exercise is the development of CreditBOND. Because CRB used to be a proof-of-stake coin in the past and Ethereum presently does not offer a mechanism for staking, the development team came up with the advanced CreditBOND condense operation. This enables you to lock your coins for a certain time period of time to earn a concede, alike to venture advantage – and up to 12 % per annum.
In the soon to be released Roadmap3, more customs features for the CreditBit nominal will be introduced, but they distillery rely on the underlying Ethereum blockchain engineering that enables storing and executing Smart Contracts, which can be stored on the Ethereum blockchain. Smart Contracts enable
growth of complex commercial enterprise logic, distributed community and decision serve and advanced distribution of issued tokens. This means that any improvement in the underlying Ethereum development will besides offer new opportunites to employ by the CreditBIT developers. Having a capable team therefore forms a critical asset .

How many CreditBIT have been created?

There are presently about 11.874 million CreditBIT in circulation, which is relatively moo. Creditbit was a minable token before they moved to the Ethereum-cain, but there never was any pre-mine, initial mint extend ( ICO ) or crowdfunding. Due to the CreditBOND procedure, besides many coins are
‘ locked ’ and lower the available supply .

Could CreditBIT become worthless?

Yes, most crypto – and decree ! – currencies have no intrinsic respect, but people trade them ; the same is true for CreditBIT. Yet, by creating a broad community supporting CRB and its goals, they aim to add value to the stick out and the respect of the CreditBIT nominal. The development team only gets rewarded in lock tokens that can not be dumped and already a adept sum of the free float CRB are locked with CreditBOND in order to have their owners receive
the up to 12 % award on coins that are locked for a certain period of time.
This locking mechanism is a precaution against large dumps and pumping. When coins have a large premine, ICO or crowdfunding, the money that remains after the coins is program and running are identical frequently used to buy up the own coins and pump the price up in a hype. CRB can not do this and frankincense
needs veridical investors and real number holders !

Can I Trade CreditBIT on a Exchange?

Yes, the lapp way other crypto currencies deal. CreditBIT is traded on one well known exchanges like Bittrex and Livecoin, but can besides be used on the JAXX wallet platform that has built-in ShapeShift integration. ShapeShift is an exchange avail for converting between blockchain tokens and coins and
brings fluidity and versatility to your coins. The CreditBIT team is working to get listed on more highvolume exchanges, like Poloniex, Bitfinex, Kraken and one of the korean exchanges, which are very assailable to Ethereum and Ethereum tokens that offer innovative smart contract implementatioins. For the actual market tilt, attend : hypertext transfer protocol : //coinmarketcap.com/currencies/creditbit/ # markets .

Conclusions

When we regard the populace defend of CRB by e.g. Bitcoin Foundation founding member Charlie Shrem, or the CRB-listings on even larger exchanges coming and the recent JAXX wallet adoption, CRB is still amazingly cheap. Please do your own due diligence – and when you are vitamin a convert as many others,
give it a attempt and tell your friends about it excessively. CreditBIT – the future of money …
CreditBIT ’ s Ethereum blockchain net is
• Decentralized : no need for third parties as Ethereum is its own fiscal network
• Secure through high-end encoding
• Globally accessible when there is internet-access – no need to travel to do fiscal transfers
• Leading in Smart Contract scripting
• Completely digital, fast and the 2nd largest crypto network in the world
CreditBIT offers
• Full control over your own money by consumption of code passwords
• Access to the worldly concern market of trading money, goods and services
• Bond output rewards up to 12 % per annum
• Solid long- and short-run development
• Democratic engagement for a enthusiastic and expanding community.
Links :
CreditBIT official web site : hypertext transfer protocol : //www.creditbit.org/- with links to slack, wallets and white papers in English language
CreditBIT markets list : hypertext transfer protocol : //coinmarketcap.com/currencies/creditbit/ # markets
CreditBIT forum : hypertext transfer protocol : //bitcointalk.org/index.php ? topic=1237511.0
chirrup : hypertext transfer protocol : //twitter.com/credit_2 – / – Facebook : hypertext transfer protocol : //www.facebook.com/creditbitofficial/
Free CreditBIT Info mobile application for Android and iOS on google and apple playstores .

source : https://ontopwiki.com
Category : Finance

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