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Credits – New Ethereum Сompetitor
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Credits – New Ethereum Сompetitor
by Vladdirescu Wed Nov 15, 2017 3:54 am
The crypto-industry development has reached an unprecedented scale, and even the latest Ethereum platform-based blockchain development (Ether) sometimes takes quite a long time to cope with processing such a large influx of transactions in a few minutes.
The main performance problems with existing blockchains
The steady increase in the number of transactions in the network leads to block overflow and to a delay in the confirmation of transactions for an indefinite time. As a result, participants do not always manage to use payments in everyday life, for example, they have to wait for the payment in a restaurant due to a number of inconveniences because of the constantly arising problems of working with the system:
· Low transaction processing speed;
· Low traffic (the number of transactions per second);
· High transaction commission;
The Credits platform is an original development for a new generation; based on blockchain technology, which is ready to solve the problems of speed and transaction costs which will expand the potential for the use of blockchain in both the financial industry and the Internet of things.
https://coinidol.com/credits-new-ethereum-ompetitor/
The main performance problems with existing blockchains
The steady increase in the number of transactions in the network leads to block overflow and to a delay in the confirmation of transactions for an indefinite time. As a result, participants do not always manage to use payments in everyday life, for example, they have to wait for the payment in a restaurant due to a number of inconveniences because of the constantly arising problems of working with the system:
· Low transaction processing speed;
· Low traffic (the number of transactions per second);
· High transaction commission;
The Credits platform is an original development for a new generation; based on blockchain technology, which is ready to solve the problems of speed and transaction costs which will expand the potential for the use of blockchain in both the financial industry and the Internet of things.
https://coinidol.com/credits-new-ethereum-ompetitor/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
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