Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute – at your option – modified copies of the software.
The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. With its apt focus on being more than any other cryptocurrency project, Creditbit plans to include custom, decentralized functionalities, which would befit the new era of blockchain technology.
As of now, Credit 2.0 will be comprised of 4 core entities.
Creditbit – An ERC20 compliant token with a lot of attractive features added on top of it.
CreditDao – A DAO on top of Ethereum, which will act as a decentralised, community driven representative of users and network as a whole.
CreditBay – A decentralised commodity market on top of Ethereum, implemented with smart contracts.
CreditMC – A migration contract that will help them to migrate from old network to the new one while accepting the old coins and issuing new ones.
Creditbit wants the entire project to be developed and planned around its users as they firmly believe that the hearth of crypto is its community. They are keen on listening to the opinions of the Creditbit community about what should be implemented and also the ideas to make this project a success.
Further, Creditbit plans to keep the community in the loop even during the development phase. They plan on constantly consulting the community about their views on various features. Also when the project will be launched, interested participants will be shown how they can be a part of the development process and participate in future development.
Finally, Creditbit also plans to start the development of many infrastructure projects that will help them with usability and recognition of Creditbit, as they know that no crypto eco-system is complete without infrastructure projects.