CreditBit was launched in 2015, with an aim to provide financial services using the blockchain technology, it was initially developed on the Bitcoin-like blockchain and later in 2017 migrated to Ethereum blockchain. Despite having most of its properties similar to Bitcoin blockchain, CreditBit offered solutions for faster transactions and hybrid Proof of Work/Proof of Stake consensus mechanism.
Credit 2.0 project was launched in January 2017, That project has many platforms, including CreditGame, CreditMC, CreditDAO etc. CreditBit has 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
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