CredaCash Technology
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.
Privacy helps keep your assets safe from theft and hacking.
Advanced Privacy CredaCash’s Zero Knowledge Proofs support advanced privacy features such as completely private tokenized assets, completely private asset swaps, completely private cross-chain currency swaps, completely private escrow transactions, completely private M-of-N hierarchical multi-secrets, completely private token lock times, and completely private restricted output addresses.
Advanced Privacy gives you more control over your assets while maintaining complete privacy.
Fully Fungible The CredaCash 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.
Fungibility ensures the assets you accept have their stated value, and cannot later be singled out and devalued.
Fast CredaCash uses an optimized Zero Knowledge Proof implementation and a high-speed blockchain so transactions can be created and cleared in seconds.
Speed lets you complete your transactions quickly and get on to other work.
Final 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.
Finality ensures you can rely on a transaction, without risk of later reversal or double-spending.
Massively Scalable CredaCash is massively scalable—a single blockchain can support over a thousand transactions per second. In the future, we hope to see 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.
Scalability ensures your transactions won’t slow down or become more expensive as the platform becomes more popular.
Integrated Crosschain Exchange CredaCash is the first fully private cryptocurrency and blockchain to include an integrated, peer-to-peer crosschain exchange. This exchange allows users to trade CredaCash for bitcoin across blockchains, instantly providing liquidity to every user and reducing barriers to entry.
An integrated exchange ensures liquidity without reliance on third parties.
Compatibility CredaCash includes an RPC wallet that is as compatible with bitcoin as possible. The wallet takes bitcoin RPC commands and turns them into fast, final and completely private CredaCash transactions.
Compatibility makes it easy to integrating existing applications.
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.
Flexibility ensures a path to the future.
For more detailed information, see CredaCash Documentation