Monday, 18 December 2017

CREAM cryptocurrency, by Creamteam

Conclusion on ourselves for the past 3 years

interest and development on blockchain based transactions in order to process payments on simple and cheapest possible way. Development that requires certain technical challenges to be overcome and proceed, in order to be decentralized. The result is



CREAMcoin is based on Cream protocol which is based on Bitcoin open source code, a state that deffines correct agreement between the nodes in the network, creating X11 algoritam. With this algoritam, our developers goal is achived in the most possible way to be applied between the nodes, creating most secure valid transactions. The collection of multiple secure transactions in a block, and well order of those blocks — blockchain, in this case modified Bitcoin base altchain, is creating asset or digital property CREAM cryptocurrency.

X11 algorithm which CREAM is based on, is chained hashing algorithm, which is used for the ‘Proof of Work’ calculations, which secure the network of some cryptocurrencies. It is known as a chained algorithm of 11 different algorithms which are chained together: blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, and echo. The use of 11 different algorithms also increases the security of coins using this method against brute force attacks. Benefit of this algorithm is the fact that it is less intesive and therefore uses less electricity what makes it widely acceptable and usable.

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