Creditbit reiterates the importance of trust in Cryptocommunity
In a recent update reported on Bitcoin Talk – a cryptocurrency forum, Creditbit directly addressed their community. The update was regarding some misunderstandings in the wake of changes and new features being added to CreditBit. CreditBit, the open source software project released under the MIT/X11 license, is based on trust as the software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. The release reiterated the importance of trust in the crypto community. The statement elaborates upon the changes made under....
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The popularity of Creditbit has resulted in an increased adoption rate as the process of setting up Creditbit address is straightforward and takes no time. Creditbit, released under MIT/X11 license is an open source cryptocurrency contract which will be implemented as an Ethereum token on Ethereum platform. The protocol enables the access to its financial services over its blockchain to everyone. Creditbit has become pretty popular in the crypto community since its 2015 launch and Creditbit wallets are available on almost all platforms. It was added to Coin Payments and is being traded at....
Creditbit, the MIT/X11 licensed cryptocurrency project, just updated the crypto community about its distribution mechanism on Bitcoin Talk. The update talked about how one of the key attributes of the newly minted CRBIT coins is that Creditbit has to tackle the problem of minting and distribution of newly minted coins on their own. And how they want to keep the currency and its management transparent and based on democratic principles. Further, the update discusses the three Minting Processes involved in minting CRBIT coins – Migration, Proof of Pawn/Trust Distribution Mechanism and....
Following on the successful fulfilment of everything that was laid out in the first Creditbit roadmap, the company has announced the launch of its second roadmap. Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. Creditbit has a market cap of $2 million and has 8% solo PoS. The first road map....
Creditbit is one of the faster growing cryptocurrencies and has also been tagged as the ‘Future of Money’. Creditbit was launched in 2015 with the aim of revolutionising the monetary system. It works on the decentralised model like various other digital currency platforms and hopes to make banking and financial services over the blockchain available to every individual on the planet. Creditbit is one of the faster growing cryptocurrencies and has also been tagged as the ‘Future of Money’. Creditbit is the cryptocurrency of the new age as it will not only be implemented on Ethereum platform....
In the latest update on Bitcoin Talk, Creditbit has discussed Proof of Trust/Pawn, which is one of the core attributes of future CreditBit token – one of the three minting processes for the token. There will be two modes of tokens under the Proof of Trust/Pawn locking mechanism. Each wallet or each public address will have two balances. The two balances both will belong to this same public address. The first balance would be of transferable tokens, similar to other currencies. The second balance will be of “locked” tokens that are not transferable. Balance will be the sum of several....