CreditBit Discusses Proof of Pawn/Trust in its Latest Update

Creditbit, the MIT/X11 licensed cryptocurrency project, just updated the crypto community about its distribution mechanism on Bitcoin Talk. The update talked about how one of the key attributes of the newly minted CRBIT coins is that Creditbit has to tackle the problem of minting and distribution of newly minted coins on their own. And how they want to keep the currency and its management transparent and based on democratic principles. Further, the update discusses the three Minting Processes involved in minting CRBIT coins – Migration, Proof of Pawn/Trust Distribution Mechanism and Dev&Promo Funds. You can read more about the minting processes here. Proof of Pawn or Proof trust is a concept. The term itself is up for vote as Creditbit wants the community to...

Matchpool Will Pay You Cryptocurrency If You Help Your Friends Find Love

Matchpool Will Pay You Cryptocurrency If You Help Your Friends Find Love

“When I looked at the dating industry, I saw it was expensive to reach a critical mass of users and open a niche dating site,” says Yonatan Ben Shimon in a Skype call from Tel Aviv. “That’s why dominant sites are one-size-fits-all, but that’s not what most of us look for.” Ben Shimon is founder and CEO of Matchpool, a new dating service that aims to bring couples together through the art of matchmaking – and a 21st century twist, let the most successful matchmakers earn cryptocurrency rewards for their work. The unique selling proposition (USP) of the service is to combine elements of traditional matchmaking with the transparency and enforceability of programmable smart contracts. In short, potential matchmakers start...

An Early Investment in Creditbit Can Go a Long Way into the Future

An Early Investment in Creditbit Can Go a Long Way into the Future

When Bitcoin was introduced in 2009, the digital currency was equated to in-game tokens with negligible value. But in the next few years, the value of Bitcoin continued to grow, crossing the $1000 mark. Those who invested in the first cryptocurrency while its value was less than a dollar found themselves richer by thousands, if not millions of dollars. Adoption rate and demand drive the value of cryptocurrencies. As the demand increases, the digital currency’s price also tends to grow. Creditbit is a relatively new cryptocurrency which has been around since 2015. The open source, decentralized cryptocurrency platform has gained a pretty strong user base in less than two years. As more and more cryptocurrency community members continue to invest in...

Creditbit Team Does the Groundwork to Make It the Most Widely Used Cryptocurrency

Creditbit is a worthy contender for many altcoins currently in the market. The relatively new cryptocurrency with ten times faster transaction times than Bitcoin and 1 minute block time presents itself as an ideal digital currency for payments. With the cryptocurrency still gaining widespread adoption, the creators of Creditbit have already made enough arrangements to offer adequate opportunities for its community members to use CRBITs. To start paying with CRBITs, people will have to buy the tokens first. Thankfully, the tokens are already available on multiple exchange platforms. Cryptocurrency community members can buy CRBIT tokens from Bittrex, LiveCoin, YoBit, C-CEX, Cryptopia, Bloombit, and Bitsquare platforms. Once the community members get their CRBITs,...

Creditbit Platform Builds its Brand with a New Logo

Creditbit cryptocurrency platform is announcing the launch of a new logo as part of its rebranding initiative. Creditbit is taking the cryptocurrency community by a wave. The open source digital currency platform based on an MIT/X11 license presents itself as an alternative to Bitcoin. As Bitcoin continues to struggle with scalability issues and increasing miner fees, Creditbit offers a solution that is free from such flaws. Bitcoin is the world’s largest and most successful cryptocurrency. Being a first mover, Bitcoin didn’t have the luxury to learn from other examples or forecast the potential problems it might face in the future. Creditbit entered the market much later, and the development team behind it has addressed many issues faced by Bitcoin...