On February 27, 2020, Credits launched a new release of the blockchain platform. The new version of the network has been made available for public installation and is open for use by all validators and users.
The Credits project has launched its new Mainnet version to sustain the growing demand for its infrastructure services and to update the existing system. More than 120 nodes run by validators are currently maintaining the operability of the Credits blockchain network.
The new Mainnet version of the network includes a number of advantages over the previous software. Among the improvements introduced in the new version are an increase in the level of decentralization and the bolstering of security measures for counteracting DDoS attacks.
Another important introduction is the new delegation feature, which grants users the possibility of delegating their funds without transmitting the property. The delegation function is an important step towards the launch of the Staking program, which will be aimed at significantly increasing the income of node operators and create an ability to form staking pools.
The Credits project is developing its infrastructure and has already attracted the attention of both large and medium-sized companies seeking to decentralize their business operations. The project has concluded more than 200 partnerships with various companies, among which are IBM, Alibaba, Oracle and others.
The Credits project team is continuing to work on the platform as the project plans to launch its own stablecoin in the near future and is preparing for the release of a Mobile Wallet application.