CREA is the first cryptocurrency created and designed to satisfy the needs of all creative communities that produce and distribute digital content. A global currency that doesn’t belong to any state or government and can be used around the world without geographical or political barriers. The fact of being foreign to the fiduciary system makes impossible to create debt with it and its value does not depend on the intervention of any central bank. CREA uses up to 8 decimal divisible features that facilitates micropayments to all types of content. Transactions are made in real time and they are completed in a few minutes. The coin is designed to be impossible to counterfeit and can not be doubled without the network detecting it.
The cryptocurrency is anonymous and no one is obliged to reveal its identity, which makes of CREA a perfect currency to register contents anonymously. All transactions and registrations are transparent and are recorded in an open account book. The use of CREA entails lower costs per transaction than any traditional credit card system or payment gateways such as Paypal. CREA is a peer-to-peer currency and works like cash, with the advantage that it occupies a tiny space so you can save a huge amount on a small file or USB stick.
PROPERTIES & MINING
Specific characteristics Creativecoin
Name Currency: Creativecoin
Symbol / Label: CREA
Total issue of the currency: 115.000.000
Hash algorithm: SHA-3 Keccak
Job type: Proof-of-Work (POW)
Block spacing: 2 minutes
Maximum block size: 4 MB
Minimum Confirmation: 8 Blocks
The CREA genesis follows a Fibonacci sequence structure with rewards every 2 minutes with a 2-phase path: The first phase starts in the genesis block 1/1/2/3/5/8/13/21/34/55 Until the block Fibo 514229 (2 years) where it will start the second inverted phase 34/13/8/5/3/2/1 / until reaching blocke Fibo 24157817 (93 years).