Credit Whitepaper

A truly decentralized payment platform would allow users to send and receive payments without the need for a trusted third party. However, there needs to be an intermediary to manage transactions and prevent double spending. Blockchain and it’s use of digital signatures (Encryption) is only part of the solution, the decentralization of network nodes is crucial to ensure long term safety of the network. In both Proof of Work (PoW) and Proof of Stake (PoS) blockchains the longest chain is always followed. In a Proof of Work environment, this system is flawed because of its reliance on computational power.This means that if enough miners and equipment collude they could easily overpower a network. We propose Proof of Stake as a better alternative that does not decide the longest chain based on hash power, instead wallet balance and coin maturity are used to determine the next producer. Unlike the majority of Proof of Stake Blockchains, our producers are more numerous and further decentralized through our coin distribution program and the accessibility of our auto-staking desktop wallet.

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