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Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software.
The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Creditbit recently announced the second phase of development following the launch of its second roadmap.
As a part of Credit 2.0, Creditbit will be implemented as an Ethereum token (smart contract) on Ethereum platform. In a bid to be more than just another cryptocurrency on the block, Creditbit is planned to have some custom, decentralized functionalities, which befits the new era of blockchain technology.
According to the roadmap, Credit 2.0 will comprise of 4 core entities.
Creditbit – An ERC20 compliant token with a lot of attractive features added on top of it.
CreditDao – A DAO on top of Ethereum, which will act as a decentralised, community driven representative of users and network as a whole.
CreditBay – A decentralised commodity market on top of Ethereum, implemented with smart contracts.
CreditMC – A migration contract that will help them to migrate from old network to the new one while accepting the old coins and issuing new ones.
As a part of the second roadmap, Creditbit Development team will work on getting as much services and projects to work with Creditbit as possible, they will look at all projects that will help the growth and give more value to Creditbit.
Creditbit also plans to start the development of many infrastructure projects that will help them with usability and recognition of Creditbit, as they know that no crypto eco- system is complete without infrastructure projects.
Finally, Creditbit firmly believes that the heart of crypto is its community. They are keen on listening to the opinions of the Creditbit community about what should be implemented and also the ideas to make this project a success. Creditbit plans to keep the community in the loop even during the development phase.
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