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Decentralized blockchain platform Credits is ready to compete with Ethereum protocol token swap announced

Yash Rajan



Decentralized Blockchain Platform Credits is ready to compete with Ethereum protocol token swap announced
Source: Credits

The Credits company has evolved since its inception to become a powerhouse of services in the blockchain sector and beyond.

Credits, an open-source, decentralized blockchain services provider announced the beginning of the token swap of its ERC-20 tokens to native Credits [CS] coins. This swap will be conducted through the KuCoin digital assets trading platform and would start on 20th December 2019 at 12:00 UTC. This is a huge step towards Credits technology adoption. The Credits infrastructure necessary for building applications for businesses in numerous industries like Supply Chain, Data Storage and Loyalty, which is the key to paving the way for mass adoption of blockchain.

 Credits has routed itself as a key name in the blockchain services world. The company focuses on using blockchain technology to help businesses make their core processes much more efficient. Credits promise lightning-fast transactions; with up to 5 blocks generated every second and a cryptographically sound defense mechanism. It has partnerships with big Russian names like Ivhimprom and Globaltechexport that are going to use its blockchain services for private solutions in supply chain business processes. Therefore, the swap event becomes a crucial starting point for all parties.

 Credits is currently developing a program for the assimilation of the Credits protocol with hardware wallets. Hardware wallets function by storing the user’s digital currencies under their robust security mechanisms that guarantee users the protection against data breaches. Moreover, the wallets are designed in such a way that they are resistant to computer viruses. The integration is expected to be completed in the first quarter of 2020.

Disclaimer: This article has not been written by AMBCrypto. Readers are advised to do their due diligence before making any financial decisions.

A Biomedical engineering graduate, Yash focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.