Creditcoin Launches EVM-Compatible Mainnet to Boost Financial Inclusion

Creditcoin's Mainnet Launch

Creditcoin has launched its EVM-compatible mainnet, marking a significant step in enhancing global financial inclusion through blockchain technology. This move aligns with Creditcoin’s mission to optimize user engagement and streamline blockchain interactions.

EVM Compatibility and Smart Contracts

The EVM compatibility upgrade is a pivotal development, enabling developers to migrate their dApps and smart contracts effortlessly to the Creditcoin network. This integration supports seamless multi-chain interactions, reducing the complexities and costs typically linked with cross-chain operations. The introduction of the Universal Smart Contract (USC) layer further simplifies these processes by allowing secure, direct interactions across various blockchains without bridging.

Introducing CreditWallet

CreditWallet, a new mobile app, is central to this update. It revolutionizes how users manage digital assets by simplifying cross-network transfers between Creditcoin’s EVM and Substrate chains. This app offers a user-friendly interface, non-custodial ownership, and enhanced security features, ensuring a seamless and secure experience for users.

Transition for Existing Users

Existing Creditcoin Classic users will have their token balances transferred based on a previous snapshot. They are advised to reconfigure their roles as nominators and validators on the new mainnet and explore new staking opportunities via the updated dashboard. For technical integration, resources are available to guide adding Creditcoin EVM to MetaMask.

About Creditcoin

Creditcoin is a foundational L1 blockchain focused on recording credit transactions, creating a public ledger of credit history, and fostering interoperable cross-chain credit markets. By partnering with fintech lenders and financial institutions, Creditcoin aims to secure capital financing and build trust for underserved financial markets globally.