TLDR
The Credit score is used to quantify the financial credibility of an individual or an organization or even a nation. It reflects the credit worthiness or the likelihood of the entity to repay debt, it plays a pivotal role in the loan approval process. An entity with higher credibility would attract more business and hence more wealth. A participant score can be used to reward good contributors, separating them from people who are just freeriders, who are in to make a quick gain and not concerned about the real success of a project.via the TL;DR App
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Written by hasijasaurabh | Crypto enthusiast, exploring the world of blockchains with wide eyes and open ears
