Credits Blockchain Announces New Mainnet Swap, Aims To Replace ETH

Credits blockchain, the new infrastructure provider acts as a public blockchain platform for tokenization and after two years of hard work for the development of the product infrastructure, Credits is ready to shine as we are reading further in the altcoin news today.

The token issuance market is now dominated by ERC-20 standard tokens that were issued on the basis of the ETH protocol. This is confirmed by the recent official announcement about the upcoming token swap the process will take place through the KuCoin cryptocurrency exchange and will start on the 20^th of December 2019. The credits platform allows businesses to issue financial assets including digital assets, stablecoins, and tokens. Credits strive to provide a highly customized approach for creating tokens for everyone in a matter of seconds.

The credits platform can be distinguished by high-speed transactions and low fees but also sophisticated smart contracts. The blockchain platform ensures to provide a speed of around 50,000 transactions per second as well as a commission of about 0.0001 USD for each transaction. The smart contracts of the platform have new and advanced capabilities and these characteristics are an advantage since the commissions for transfers are low and tokens are carried out in less than 5 minutes. This makes an ideal solution for payments and transfers so the company aims to open a full access plan to its protocol for the partners to launch several blockchain-based solutions for such markets as loyalty, data storage, and supply chain.

Currently, Credits developers are working to deliver the integration of the Credits protocol with the popular hardware wallet such as Leder or Trezor. This integration is now under construction and will be completed in 2020. Credits also have completed the development of the digital assets wallet and will offer users mobile devices applications as well. The prospects of the increase in the number of crypto assets on the market are strong just as the use of tokens is in the new financial models. With the increase in new economic models, it will become necessary to issue tokens using customized solutions such as this platform.