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Credora @crdaIO on x 24.4K followers Created: 2025-07-22 12:56:14 UTC

[2/4] 💡 A standout feature is Credora’s NFT-based credit tiers, which dynamically represent borrowing power. These NFTs—Silver, Gold, and Black—are not just credit limits; they’re a hybrid of data storage and financial access. While critical credit data is stored on-chain, the question arises: Where is the metadata behind these NFTs stored, and how is it updated? Decentralized storage protocols like IPFS or Arweave could play a key role here, ensuring metadata remains immutable and accessible. Greater clarity on this could enhance user confidence. --- 🌐 Credora’s infrastructure aligns with censorship resistance principles, a hallmark of decentralized systems. By removing centralized servers and relying solely on smart contracts, the protocol mitigates risks of tampering or shutdown. However, its reliance on centralized stablecoins like USDC and external wallets like MetaMask introduces potential vulnerabilities. To fully align with Web3 ideals, Credora could explore partnerships with decentralized storage solutions for auxiliary data, such as transaction logs or analytics, to enhance resilience and user privacy. ---

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