CredaCash™ – A Next Generation Cryptocurrency
100% Private CredaCash is the most private cryptocurrency in the world. Transactions are encrypted using Zero Knowledge Proofs that keep the source of funds, destination of funds, and the transaction amounts completely private. Some other currencies are far from “100% private” because they don’t keep the transaction amounts private, they mix transactions using a very small mix set which leads to transaction tracing vulnerabilities (Monero), or they combine public and private payments which can compromise privacy even when using a private address (Zcash). All CredaCash transactions are completely private, ensuring the highest level of confidentiality.
Fungible The Zero Knowledge Proof ensures that transaction inputs and outputs cannot be linked. As a result, coins have no history, and are completely fungible. That makes it impossible for anyone to discriminate against a valid coin, and no one, not even the developers, would be able to revert an accepted transaction because it is not possible to tell which transaction would need to be reverted.
Fast CredaCash uses an optimized Zero Knowledge Proof implementation that can create a private transaction in just 2 to 3 seconds. By comparison, other currencies that use Zero Knowledge Proofs require 1 to 2 minutes to create a private transaction.
Reliable CredaCash uses a high-speed blockchain that can securely clear transactions in seconds. Once cleared, a transaction is final and cannot be reversed, so users can rely on the payments they receive without waiting minutes or hours for multiple confirmations.
Massively Scalable CredaCash is massively scalable—a single blockchain can support over a thousand transactions per second. In the future, we hope to add support for multiple blockchains, with payments seamlessly routed from source to destination blockchain, similar to routing data on the internet. This would allow massive global scalability with millions of transactions per second.
Flexibility A single blockchain cannot fill all needs. In the future, we would like users to be able create their own blockchains, each with its own set of features. Smart contracts, additional tokenized assets such as stocks and bonds, new signature algorithms, completely decentralized blockchains, varying blockrates and fees–these are some of the possibilities. These blockchains would all have one thing in common—they will all be able to transparently exchange the same units of cryptocurrency. This would allow new blockchains to be setup on demand to incubate new technologies, with all blockchains interconnected in a global, feature-rich and constantly evolving network.
Making the World Better Over 80% of the currency will be donated to a non-profit Foundation to support its goal of making fast and private transactions available worldwide. Grants may be available to developers of innovative new technologies.