Delaware, USA, August 28, 2024, Chainwire
Creditcoin, the foundational L1 blockchain, has announced the launch of its EVM compatible mainnet, making an improvement to promote global financial inclusion through blockchain technology. This launch furthers Creditcoin’s core mission and introduces CreditWallet, a new mobile wallet app designed to streamline user interaction with the Creditcoin ecosystem.
The EVM compatibility upgrade represents a notable development that allows developers to easily migrate their existing dApps and smart contracts to the Creditcoin network. This integration facilitates seamless multi-chain interactions and reduces the complexity and costs traditionally associated with cross-chain operations. The introduction of the Universal Smart Contract (USC) layer will further streamline these processes by enabling direct, secure interactions across different blockchains without the need for bridging.
At the heart of the update is CreditWallet, a new mobile app that transforms the way users manage their digital assets. CreditWallet simplifies cross-network transfers between Creditcoin’s EVM and Substrate chains, making it easier for users to move assets and interact with dApps across different ecosystems. The app’s user-friendly interface, non-custodial ownership, and enhanced security features ensure a seamless and secure experience for new and old users.
Existing Creditcoin Classic users will see their token balances transferred based on a snapshot taken on August 21, 2024. They will need to reconfigure their roles as nominators and validators on the new mainnet while also exploring new staking opportunities via the updated dashboard. For technical integration, users are encouraged to check out Creditcoin’s resources, including RPC information and guides on adding Creditcoin EVM to MetaMask.
About Creditcoin
Creditcoin is a foundational L1 blockchain designed to match and record credit transactions, creating a public ledger of credit history and credit performance, paving the way for a new generation of interoperable cross-chain credit markets. By collaborating with technology partners, fintech lenders like Aella, and other financial institutions across global emerging markets, Creditcoin secures capital funding, builds credit histories, and builds trust for millions of underserved financial consumers and businesses based on RWA principles.
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