CredaCash™ – Empowering People
The goal of CredaCash is to empower people.
In 2015, CredaCash was the first project in the world to demonstrate practical, fully-private blockchain transactions, over two years ahead of any other project. The key innovation was a method to create a zero knowledge proof in just a few seconds, when other techniques at that time required several minutes or more.
In 2019, the project created the CredaCash cryptocurrency, based on an innovative blockchain that is fast, final, scalable, and completely private. This blockchain included ground breaking privacy features such as completely private tokenized assets, completely private multi-signature transactions, completely private escrow transactions, and completely private crosschain swaps, making it the most private blockchain and cryptocurrency in the world.
A lot has changed since the project started, including an explosion of interest in cryptocurrencies, and the increased availability of centralized and custodial platforms. The collapse of centralized exchanges such as FTX, and theft of funds from swap contracts, DeFi contracts, and crosschain bridges, has resulted in billions of dollars in losses. These losses illustrate the fundamental vulnerability of centralized exchanges and custodial platforms, and the importance of decentralization and self-custody.
The Next Generation
In the near future, the CredaCash project will be releasing a crosschain exchange integrated with its blockchain. This exchange will allow users to trade bitcoin for CredaCash, and CredaCash for bitcoin, providing instant access and liquidity to all users. This trading will be entirely peer-to-peer and non-custodial, eliminating the risks associated with centralized exchanges, swap contracts, and crosschain bridges. This functionality is currently in beta, and can be downloaded and evaluated at https://CredaCash.com/software/
The project further plans to implement currency mining based on the exchange, allowing users of the exchange to mine units of CredaCash.
A Vision for the Future
The ultimate vision is an open platform for cryptocurrency and tokenized assets that is fast, final, and massively scalable, while supporting complete privacy and instant liquidity through an integrated crosschain exchange.
Every year, organizations worldwide issue thousands of securities, and pay trillions of dollars in dividends, interest, royalties, and other revenue streams.
The CredaCash blockchain was designed from the ground up to handle digital assets, including debt, equity, and other securities, while maintaining complete privacy. This privacy is essential to protect high-value assets from theft, extortion, and other crimes, while allowing everyone the fundamental dignity of keeping their financial affairs private.
In addition to privacy, the CredaCash project has developed unique and powerful methods to pay distributions. These techniques have unprecedented scalability, and will allow millions of organizations to near simultaneously distribute dividends, interest, royalties, and other income at the end of an accounting period without overloading the network or interrupting trading. This is a key capability to enable widespread securities trading on a blockchain network, and no other blockchain even comes close to accomplishing this.
The CredaCash project hopes this unique technology soon becomes available in an open, global, consensus-based network. This network would support full regulatory compliance where required. The project envisions millions of digital assets being administered and traded on this network. Some of these digital assets will be securities issued directly on the blockchain in order to benefit from simplicity, reliability, low cost, and immediate access to a worldwide trading network. In addition to assets issued directly on the blockchain, multiple custodians may digitize existing off-chain securities and reissue them for trading on the network. This would quickly make thousands of existing securities available to users worldwide.
The project also envisions an abundance of applications and tools to make the CredaCash blockchain easier and more productive to use.
Support the CredaCash Project
Here are some ways you can support the CredaCash Project:
– Test and provide feedback on the crosschain exchange beta release.
– Mine CredaCash cryptocurrency using the crosschain exchange.
– Tell your friends, acquaintances, and contacts about CredaCash.
– Acquire and use the CredaCash cryptocurrency.
– Develop tools to make CredaCash easier to use.
More Information
CredaCash Crosschain Exchange Overview
CredaCash Quick Start Guide
CredaCash Crosschain Exchange Quick Start Guide
CredaCash Software Download
CredaCash News