Cream Price (CRM)

Cream (CRM) is an experimental digital currency that aims to enable instant payments to anyone anywhere globally. The Cream uses a decentralized, peer-to-peer technology to operate, manage transactions, and issue currency collectively by the network. The platform aims to be decentralized, trustless, and borderless by conducting their experience, interest, and development on blockchain-based transactions to process payments in the most straightforward and cheapest possible way.

The network aims to focus on assisting, promoting, and funding cryptocurrency start-up projects, innovations, and entrepreneur ideas to establish their operations. The platform is a crypto and non-crypto promotion and marketing effort that seeks to operate through the Cream Line and its products. The core product of Cream Line is the News-Service, which aims to focus on supporting and marketing the start-up companies’ ideas to help them achieve their goals.

Per the whitepaper, the Cream network has CRM as the native token. The platform is working on a proof-of-work (PoW) consensus distribution method. The main benefit of this algorithm is that it is less intensive and uses less power consumption, making the system sustainable.

Further, the Cream platform uses blockchain technology for all Cream coin transactions. The new blocks can be added to the blockchain in a linear, chronological order with the Skein algorithm (a cryptographic hash function). The Cream coin blockchain has complete information about the addresses and balances from the first block to the most recently completed one. Every node or miner in the decentralized system has a blockchain copy, and the data quality is maintained by database replication of the blockchain and computational trust.

The network aims to have its own simple and secure Cream Vault Wallet with multiple features like a platform. It is a place to store and access CRM. The vault has various security layers, including Secure Sockets Layer or SSL (a technique of transmitting documents securely across a network), brute force protection, SQL injections (most common web-hacking method) protection, spam protection, and IP banning.

The Cream network was launched in June 2017. The platform launched the Cream Wallet in May 2018.

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