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Blackpaper Blackpaper

CREAM Whitepaper

INTRO

This white paper will discuss our progress over the past 3 years, as well as our interest and development on blockchain based transactions in order to process payments in the simplest and cheapest possible way. Development that requires certain technical challenges to be overcome in order to be decentralized.



DEFINITION

The beginning of CREAM occurred by defining CREAM protocol, a state that defines correct agreement between the nodes in the network, creating X11 algorithm. With this algorithm, our developer’s goal is achieved in the best possible way to be applied between the nodes, creating most secure valid transactions. The collection of multiple secure transactions in a block, and proper ordering of those blocks – blockchain, in this case modified Bitcoin base altchain, is used to create the asset or digital property CREAM cryptocurrency.



CREAM ALGORITHM

CREAM is based on X11 chained hashing algorithm, which is used for the “Proof of Work” calculations that secure the networks of some cryptocurrencies. This process is known as a chained algorithm. With CREAM, there are 11 different algorithms that 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 against brute force attacks. The benefit of this algorithm is the fact that it is less intensive and therefore uses less electricity and makes it widely acceptable and usable.



PROPOSAL

FUNDING CRYPTOCURRENCY STARTUPS


CREAM Crowdsale and CREAM coin project as a whole will focus on helping, promoting, and funding crypto startups, innovations, and entrepreneurs looking to develop their own projects. We are accepting submissions that include either your business plan or executive summary for proper consideration. A lender, equity source of capital or notable intermediary will respond via email within 24 hours of a project being submitted and provide all additional information. All your project information and details will be held privately and solely distributed to targeted potential investors. Our team is in intensive negotiation for realizing multiple 3rd party projects with our CREAM line. The proceeds from 3rd party projects of every single CREAM LINE will support our asset, with a different percentage from the contracts.



SECURE LIQUIDITY

To ensure value, CREAM will be listed on most traded exchanges in the world in a matter of weeks, which will bring in new investors and traders. CREAM blockchain technology solutions, algorithm infrastructure enhancements, worldwide startup support, and investments, as well as our dedicated CREAM TEAM, will provide stable and reliable trading volume on exchanges, generating massive liquidity that will bring CREAM to a whole new price level.



DISTRIBUTION

CREAM has four main methods for distributing the currency: Crowdsale, mining, staking, and gateway acceptance.
CREAM crowdsale is initiated by CREAM team to ensure funds for developing projects stated in CREAM’s whitepaper. CREAM Crowdsale is hosted by CREAM team on CREAM’s website for the time frame of 30 days beginning on June 1st 00:00h GMT and running until July 1st at 00:00h GMT. Total 30,000,000 (thirty million) coins will be distributed to the investors by CREAM crowdsale with initial price of 0.00000200 BTC in the first part where 15,000,000 CRM will be distributed, and 0.00000300 BTC per CRM where another 15,000,000 CRM will be distributed in the second part of the crowdsale. Funds will be collected on CREAM’s website using payment processor Coin Payments (www.coinpayments.net), which will generate an invoice for every single investment. Every potential investor needs to fulfill out the form on that invoice, which will not require registration or contain any private information. Investors only need to provide their correct email address, which is essential for invoice delivery, coin distribution information, and future contact.
CREAM Crowdsale will be counted as successful if more than 50% or 15M coins are sold and the rest of the coins will be burned. In the event it is not successful, all funds will be returned to investors. If crowdsale is successful, CREAM coins will be distributed to investors in the first week after crowdsale ends, approximately from the 1st until 7th of July.
Another way that CREAM team has chosen to distribute CREAM coins is through mining, which has precise defined block rewards stated on CREAM’s official website. Mining will start 24hrs after the crowdsale ends on several mining pools as well as multipool.
Staking is just one of the methods that is used for distribution and generating coins as well as revenue without mining or any other special equipment.
Possibility of gateway acceptance of CREAM on 3 rd -party websites that offer products and services will further help in the distribution process as well as generating demand for CREAM.



BLOCKCHAIN TECHOLOGY

A blockchain is a public ledger of CREAMcoin transactions. New blocks are constantly being added to it as “completed” with a new set of data. The blocks are added to the blockchain in a linear, chronological order. Each node (computer connected to the CREAMcoin network using a client that performs the task of validating transactions) gets a copy of the CREAMcoin blockchain, which gets downloaded automatically upon joining the cryptocurrency network. The CREAMcoin blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block. Every node or miner in a decentralized system has a copy of the blockchain. Data quality is maintained by massive database replication of the blockchain and computational trust. No centralized "official" copy exists, and no user is "trusted" more than any other. Transactions are broadcast to the network using software with security methods that include the use of public-key cryptography.



Applications

Blockchain technology has a huge potential to transform business operating models in the long term. Blockchain distributed ledger technology is more a foundational technology with the potential to create new foundations for global economic and social systems. Blockchain technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, storing rights data by authenticating copyright registration, tracking transactions, and more.



Current technical Development

Current technical advantages of CREAM:

  • jswallet - Creamcoin personal online wallet
  • Insight Api and sophisticated block Explorer
  • Faster transactions of 4 min per block
  • Four times larger blocksize of 4MB - which can store and transmit virtually unlimited number of transactions
  • Masternode feature, supports and build strong network, and rewards supporters
  • More secure using eleven types of algorithm against bitcoin that uses just one.
  • POS 2.0 or "Proof of stake" with static rewards, which delivers more stable blockchain, where contstant rewards are given to network supporters.


  • Future technical Development

    CREAM technical Roadmap

  • Advanced profit system
  • Native Android wallet
  • Cream ATM (CTM)
  • Segwit
  • Lightning network
  • Logo Big

    'CREAM' is a strategic, creative Cryptocurrency project with strong team behind which will make CREAM the world's most desirable coin.

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