Creditcoin Price, News and Analysis (CTC)

Creditcoin is a decentralized credit network that aims to make the bridge between investors and fundraisers. The platform will allow miners (investors) to earn the platform tokens by providing capital to clients, on the other hand, the clients will raise capital by paying Creditcoin to the miners. As the whitepaper reads: "An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If is there an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal's completion by confirming the exchange of collateral and investment. Once validated, the system sends the CreditCoin attached to the investment to the investor." Furthermore, miners will be able to select credit history parameters to be protected against various risk models. (Description provided by CryptoCompare)

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Creditcoin.

Creditcoin produces its own wallet software that is available for download on its website, which allows you to store Creditcoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Creditcoin (CTC) is currently worth $6.48 on major cryptocurrency exchanges. You can also exchange one Creditcoin for 0.00011482 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Creditcoin in U.S. dollars is $3.66 billion.

Creditcoin is a proof of work (PoW) and proof of stake (PoS) coin that uses the Scrypt algorithm.

Creditcoin and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

The following coins use Creditcoin's Scrypt algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Wrapped Bitcoin, Cosmos, Venus, Function X, Phantasma, Darwinia Network, mStable USD, StableXSwap, Redd, DAOstack, Nestree, Offshift, OKCash, ChatCoin and HempCoin.