What is CREDS?
1 XXC per day, per GH/s – everyday! Bitcoin, and clones, all have fixed production rates, which cause extreme market volatility. Coin production just can’t slow down, or speed up, to accommodate demand. CREDS is the opposite; it allows overall production to increase, or decrease, based on market demand, resulting in a more stable market price. Like a commodity, price will eventually tend to gravitate solely around production cost.Release date: March 14th, 2014
- SHA-256 Algo
- CREDS network adjusts the reward at every block, to a level proportional to the contributing Hash rate, one of the first SHA-256 currency to implement this concept.
- Block time: about 1 min.
- Retarget: every block
- Reward proportional to Difficulty; yielding 1 XXC per day, for every GH/s - every day!
- Blocks 0 to 349: Premined at 0 XXC per block, to safely bring the difficulty to a level adapted to current ASICs. (*)
- Blocks 350+ : Full Rewards per block, equivalent to 1.0 XXC per day, per GH/s offered to the network.