FAQ

Frequently Asked Questions

Why develop a new cryptocurrency?

We believe a new currency is needed for fast, private transactions.

Where does the name CredaCash come from?

CredaCash comes from the Latin word “credo” which means a strong belief, which itself came from an ancient Indo-European word that meant to trust or believe.  From these roots we get the English words creed, credible, accredit, and credit.

How is CredaCash pronounced?

CredaCash can be pronounced in the English style “Creh-da-Cash”, or the Latin style “Cray-da-Cash”.

What’s the status of the project?

The core code is more than 98% complete with documentation and a beta software release.

What’s the expected launch date?

June 5.

Where can I find the source code?

The source code is available on GitHub.

Who’s involved in the project?

See Our Team

Is CredaCash a decentralized currency?

Yes, CredaCash is decentralized.  Blocks are assembled by a small number of witnesses and checked by all nodes in the system.  If a witness produced a bad block or attempted to revert a cleared transaction, it would be rejected by the other nodes on the network.

Why does CredaCash use permissioned witnesses?

CredaCash currently uses permissioned witnesses for speed and security. In the future, CredaCash will implement a Proof-of-Stake protocol that will allow all users to participate in creating and witnessing new blocks.

How can I learn more?

Please subscribe to our newsletter for updates.