Not so long ago Creditbit announced the second phase of development, which it named Credit 2.0.
CreditBit was to revolutionize the blockchain technology by including some custom, decentralized functionalities. But the most important feature of the announcement of the second stage of development was the centrality of the crypto community in their development plan.
Creditbit, an open source software project released under the MIT/X11 license, wanted to involve the users at every stage of development as they firmly believe that the heart of crypto is its community.
Taking in account the recent updates and releases regarding the development and future of CreditBit as available on Bitcoin Talk- a cryptocurrency forum, it is evident that the entire journey from the announcement of the second roadmap to now has definitely been user centric. Each and every update has been published in advance for the users to go through and discuss.
The recent release further drives the point home as the sole purpose of the statement was to dispel any confusion that may have cropped up during the rapid innovation undertaken by the CreditBit development team.
The release begins with reiterating the importance of Trust in the crypto community. The statement goes on to explain everything that may have caused confusion or misunderstanding amongst the community.
It begins with explaining the term CreditBit itself and detailing how it has changed since its inception and what all has been added to make it better. Followed by the abbreviation CRBIT, and other technical concepts like migration, CreditBit DAO which might become hard to grasp if not explained.
The statement also elaborated upon the various teams like the Development Team (Dev Team), Development Support Team (Dev Spt Team), and the Promotional Team (Promo Team). It further talked about how the teams have changed and also came into existence.
The latest release can clearly be construed as an attempt to maintain transparency with the users. A direct attempt to clear any confusion and still keep the community in the loop regarding any new development on the project.