Credits Blockchain: From Patent to Growth & Expansion | NewsBTC


On July 16, 2020, Credits company announced that it obtained a patent package for technological processes that can improve conditions of decision-making within the decentralized network. This is a specific niche of the company whose activities are aimed at providing unique payment services that combine traditional and new solutions.

Credits is an open-source and decentralized blockchain platform for the development and execution of smart contracts and decentralized applications. The project offers public and private solutions suitable for B2C and B2B markets eliminating the problems of trust and uncertainty.

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A feature of the Credits activity is its in-depth study of the technological capabilities of the blockchain network and adaptation to modern business requirements. Having developed its technology from scratch, the platform provides high operational reliability and performance. Through the company’s experience in the high-tech market, gained in the course of its development, it continues to contribute to enhancing the blockchain processes and implementing new tools. An important step became the acquisition of several patents for more competitiveness in the business environment.

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A recent innovation, called “Group Collaborative Decision-Making by Decentralized Network Nodes”, is the introduction of the means of collaborative decision-making by heterogeneous nodes in a data transmission network to reach the maximum security and effectiveness in the decentralized performance.

Another patent is related to the efficient generation, execution, validation, and verification of transactions where decisions of a decentralized network regarding transactions are acceptable to all network nodes and is called “Method and System for Transaction Processing in Decentralized Network by Network Nodes in Collaborative Decision-Making”.

And the last but not the least – “Parallel Pool Formation Under Decision-Making by Decentralized Network Nodes”. The invention is designed to significantly improve the performance of a decentralized network by collaborative sharing work between computer devices of the same class while making suitable joint decisions.

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“The new standards that we implement in our network, in addition to enhancing the capabilities of the platform itself, also allow us to reach a new competitive advantage. Obtaining patents is not only a reasonable approach but also an opportunity to provide our advanced users something that others do not have. In the medium term, the positive trends for growth and cooperation will be gradually strengthened”, – Igor Chugunov, Ceo & Founder of Credits.

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