In a recent update reported on Bitcoin Talk – a cryptocurrency forum, Creditbit directly addressed their community. The update was regarding some misunderstandings in the wake of changes and new features being added to CreditBit.
CreditBit, the open source software project released under the MIT/X11 license, is based on trust as the software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
The release reiterated the importance of trust in the crypto community. The statement elaborates upon the changes made under the innovation and describes the concepts and ideas in detail.
The complete release details various names, organization, groups and relations which had caused some confusion in the recent time as the platform underwent rebranding. Taking their motto of Trust being the most important factor in the crypto community, the CreditBit team aimed to dispel any misunderstandings that may have crept up.
The release started with re- explaining the basics like the meaning of CreditBit and also detailed how it has evolved over time. It further explained other concepts and ideas like CRBIT, Migration etc, and also touched upon the ideas like CreditBit DAO which they want to integrate in the future.
The release also detailed the changes taking place in the development team and also described what other teams like the development support team or the promotional teams are.
The statement was about clearing any confusion that had been caused by the innovation undertaken under the second road map by the development team. It also stressed on the fact that not only coins/tokens are decentralized, but also the organization structure and process of making decisions.
CreditBit likes to keep the community at the centre of their development and tries to share everything being undertaken on the platform, but despite these new mechanisms for reaching an agreement, they still firmly believe that trust is one of most important assets of crypto community.