updated 7 months, 2 days, 14 hours, and 29 minutes ago
Data source: CoinMarketCap
Creditbit (CRB) to Yen (JPY) Conversion Table
Creditbit is a relatively young cryptocurrency, developed on an independent Bitcoin-like Blockchain on December 2015. Despite sharing most of its properties with Bitcoin, CreditBit offered solutions for faster transactions and hybrid Proof of Work/Proof of Stake consensus mechanism. In order to develop this currency and build a whole monetary ecosystem, a currency will be ported (migrated) to advanced Ethereum Blockchain. Ethereum was chosen because it is currently the most advanced decentralized blockchain system out there. It offers fast transaction confirmations and its own programming language named Solidity, which is used for writing smart contracts. Essentially it is possible to write any custom logic in a form of smart contracts upon Ethereum and that is what is needed to cover the Credit 2.0 decentralized solution. The Migration starts on the 8th March 2017 and will open new possibilities like implementing Smart Contracts, DAO, enable innovative currency issuance and distribution mechanisms etc. Current owners of Creditbits will be able to exchange their current CRBIT coins for CRB Tokens through migration website. Currency Ecosystem around new CreditBit have several appealing features: ● Proof of Trust, a locking mechanism that is a prerequisite for Token issuance and a voting process, CreditGAME and CreditBOND as two main distribution mechanisms, ● CreditDAO will be used as a Community consensus platform, enabling voting for proposals and elections of leveraged rights titles - Trust Levels, ● CreditIDENTITY will enable voluntary identification of addresses owners, ● CreditBAY a decentralized commodity market.