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Creda Cash Tech Pitch
- 1. The CredaCash™ Project https://credacash.com DC Blockchain Developers Meetup Technology Pitch Night 5/23/2018
- 2. CredaCash Vision/Goals • Cryptocurrency & blockchain with global scale & adoption • Equals or exceeds the Visa network: • Speed, finality, massive scalability • Convenience, ease-of-use, reliability • Protection against fraud, theft, misuse • Resistant to malicious attack and denial-of-service • Maintain benefits of cryptocurrency: • Peer-to-peer • Private • Unpermissioned • Low cost • Governed by voluntary consensus • Sustainable and environmentally-friendly CredaCash™ https://credacash.com
- 3. Ideal Currency Attributes Intrinsic • Easy, fast and inexpensive to: – store – transport – authenticate – convey – keep private • Resistant to: – damage – decay – loss – theft – extortion • Fungible (all units are indistinguishable) • Limited supply balances demand at a reasonably high value • Divisible down to nominal units • Expensive to produce or counterfeit – costs same or more than the value itself Extrinsic • Stable value • Readily available • Widely offered • Widely accepted (liquid) • Widely used (network effect) • Widespread infrastructure for transport, transfer, storage, etc. • User knowledge, understanding, comfort, habit of using • Legal • Trusted • Good reputation CredaCash™ https://credacash.com
- 4. CredaCash Blockchain • A new blockchain implementation that: – Clears transactions in 5-10 seconds – Cleared transactions cannot be reversed – Uses a form of Byzantine Consensus • Can be made more secure than Proof-of-Work • Faster, more efficient & environmental • Currently permissioned witnesses • Future unpermissioned Delegated Proof-of-Stake? – Single blockchain supports 1000+ transactions/sec • Future multiple blockchains for massive scalability? CredaCash™ https://credacash.com
- 5. CredaCash Currency • Completely private and fungible • Uses mathematics similar to Zcash, but CredaCash is much faster and more efficient – 5 seconds and 70 MB vs 2 minutes and 1.5 GB • All transactions are completely private – Source of funds, destination of funds, amounts – Does not mix public and private transactions (that leads to privacy vulnerabilities) • Tokens have no history and amounts are private CredaCash™ https://credacash.com
- 6. CredaCash Advanced Features • Tokenized assets on same blockchain – A single transaction can include both assets and currency – Asset id’s kept private; indistinguishable from currency • Multi-secrets (like multi-signature) – Number of secrets required and used kept completely private – Indistinguishable from “normal” transactions • Hierarchy of secrets: – Master secret (in offline storage), spend secrets, trustee secrets, monitor secrets, receive secret • Transaction lock times – Theft prevention; atomic transactions; payment channels • Acceptance required flag CredaCash™ https://credacash.com
- 7. CredaCash Status (cont) • Software written from ground up in C/C++ – 3 years in development • Implements: – Peer-to-peer network for fast transaction & block propagation – Transaction validation & blockchain assembly – Transaction server for lightweight clients • Runs under Windows & Linux, including ARM • Extensively tested • Still in progress: Bitcoin-compatible RPC wallet CredaCash™ https://credacash.com
- 8. CredaCash Launch • Launching network and currency this fall • Will launch as a fully-developed “utility token” • Bulk of currency will go to a non-profit Foundation • Opportunity TBA to get involved in currency mint • Other opportunities to get involved TBA/TBD • Subscribe to our newsletter for updates CredaCash™ https://credacash.com
- 9. Questions? • Visit https://credacash.com • Use contact form on website • Subscribe to newsletter for updates CredaCash™ https://credacash.com