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The only way a cryptocurrency can become a global payment system is if everyone who makes payments has access to it. We are focussing on achieving this goal by giving away our cryptocurrency to anyone who wants to use it. Terra is giving away 30 Billion coins to 10 million users over the coming months in our global giveaway. Our grass roots approach of using Credit to solve the digital payments issue for the worlds unbanked will make Terra the front runner in a new $50 Trillion market.
Terra has designed Credit (CREDIT) to offer free and fast blockchain based payments. Credit employs Proof of Stake which allows any user to become a block producer. Block producers support the network and get rewarded with new coins for doing so, this function replaces traditional mining which is expensive and complicated.
The Credit desktop wallet automatically "Stakes" a users coin balance which allows them to become a block producer and earn rewards for maintaining the Credit blockchain. This creates a legitimate and passive income stream without the need for expensive equipment and technical knowledge.
The Credit wallet is simple to use and does everything automatically, you just need a computer or laptop. To get started make sure are connected to the internet with a balance of 10,000 coins, check that your wallet is 100% synced and unlocked for staking and the rest happens automatically.
The Credit wallet offers the simplest and most rewarding "Mining" solution we know of and has been designed with you in mind, the easiest way to get a balance is to participate in our global giveaway, get verified and withdraw your coins to start earning.
Make sure you have at least 10,000 coins.
Your wallet needs to be 100% synced and online.
Always leave the wallet unlocked for staking.
The end goal of proof-of-stake (PoS) is identical to that of proof-of-work (PoW), they both seek to validate transactions and achieve network consensus. It's just their processes that are different.
The biggest advantage that POS has over POW is that it is much less energy intensive, because hash power plays no role in success as a producer. This solidifies the decentralization of the Credit blockchain by removing equipment cost and expertise barriers which allows us to welcome literally thousands of non-technical block producers. We believe that Credit's use of POS incentives for block producers are much more aligned with our community.
Become a Producer