Credit Coin, often referred to as CTC, operates on a permissionless blockchain designed to enable a borderless credit network. At its core, Credit Coin matches and logs loans from all involved parties, maintaining an objective transaction history. This allows participants to effectively assess risks and evaluate potential investments.

The network's adaptability, its decentralized nature, and the proactive engagement of its users lead to significant transformations in the lending market's dynamics. Credit Coin's primary role is to serve as the indigenous currency of its mainnet, tailored specifically for the substrate blockchain network. Every transaction or announcement on the platform incurs a CTC charge.

Currently, CTC empowers its users to lend, borrow, and repay cryptocurrency, offer decentralized loans, conduct various transactions for lending and borrowing, trust the platform's recorded transaction history, view a public record of credit transactions, validate transactions via block mining, and avail infrastructure that supports open lending, identity verification, and credit scoring.

Furthermore, Credit Coin is a decentralized system that facilitates secure interactions between investors and borrowers.

Credit Coin Features and Updates

Credit Coin Software Architecture

The Credit Coin system is a decentralized network for investors and borrowers to facilitate safe and systematic transactions between parties. 

How does Credit Coin work is very profound, built with an architecture that supports decentralization, reducing the work required to build a trustworthy foundation of the network, booking investments, borrowing orders on the market order book, supporting interoperability with other cryptocurrencies, and using a consensus algorithm to incentivize validators.

Credit Coin Workflow

Gluwa Creditcoin is the official implementation of protocol. The protocol includes a command line for users to interact with the network.

Command line

- Exchanging G-CRE to CTC
- Register Ethereum address
- Show the address ID of the registered address
- Create investment orders
- Create investment offers
- Create deals
- Exempt loans
- Transfer loans
- Repay loans

Credit Coin Team

Gluwa

Led by their CEO Tae Oh, Gluwa is a global team located across the US, Canada, South Korea, and many other countries. Consist of industry experts ranging from blockchain technology, cryptocurrency trading, financial services, computer science, high traffic systems, and clinical psychology.

Aella

Founded and led by CEO Akin Jones and CTO Wale Akanbi, Aella’s role is to simplify credit and payment solutions by offering loans, bill payments, micro-health insurance, investment, and P2P money transfer services.