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 OF THE CURRENCY
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
Dynamic Retarget to block difficulty: DigiShield
Tx Technology: SegWit (Segregated Witness)
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 where it will start the second inverted phase 34/21/13/8/5/3/2/1 / until reaching blocke Fibo 24157817 .
Algorithm SHA-3 Keccak
Creativechain Core uses the latest generation SHA-3 Keccak algorithm to offer the possibility of mining from CPU or GPU. Keccak is an algorithm approved and certified by the NIST (National Institute of Standards and Technology) The SHA-3 algorithm Keccak has been the winner of several cryptography contests becoming one of the algorithms best valued by experts.
It is a technology that implements a dynamic recalculation of the mining difficulty. DigiShield is an asymmetric approach to the difficulty of re-targeting allowing the difficulty to decrease in larger movements than it is allowed to increase from block to block. This solution provides greater security to the network and prevents possible brute force attacks or 51% attacks.