Blockchain Credits Presentation How It Was

Blockchain Credits Presentation How It Was

Blockchain Credits Presentation How It Was


April 8, 2019

The main theme of the event was blockchain prospects. According to the founder and CEO of Credits, Igor Chugunov, the blockchain makes it possible to build global projects, financial and more.

Chugunov noted that in 2018 in Japan, the share of payments in cryptocurrency amounts to 1.6 billion dollars, and in two years this figure will increase 10-fold to 16 billion dollars. At the same time, the cost of blockchain services this year was $ 500 million, and by 2030, it will increase by 140%. Chugunov said

“Blockchain will not replace any technology but will merge into the familiar ones. I’ll give an analogy before, we wrote on A4 paper, because of the development of computer technology, we now use Word, where we see the usual A4 sheet. It was the same with phones, cars, bank cards. And the blockchain will do the same. ”

Credit is a decentralized financial system for direct interaction between participants under the P2P scheme. According to Chugunov, this is a scalable and fully decentralized project that recently conducted an ICO and attracted international investors.

“We made the fastest, scalable and secure blockchain – 1.3 million transactions per second. New developments of our company are this consensus, data transfer protocol, transaction validation plus another 20 developments in the project. ”

One of the guests asked how Credits differs from Ethereum. As representatives of the company explained, Ethereum is a platform for ICO, while Credits is intended for micropayments.

Another conference participant recalled that the FSB is now developing and planning to introduce cryptographic standards for Russian projects that want to use the blockchain in their work, to which Credits technical director Evgeny Butyaev said

“If you need to introduce FSB standards, we will introduce them or try to adapt them to the standards of our platform. But we do not plan to introduce something into our blockchain. Credits is a global project, for Russian companies we are developing cross chains. ”