Delaware – Creditcoin, a trailblazing Layer 1 blockchain, has officially launched its EVM-compatible mainnet, signaling a major step forward in its mission to expand global financial inclusion through innovative blockchain technology. Alongside this upgrade, Creditcoin has also unveiled the CreditWallet app, a powerful new tool designed to enhance user interaction within the Creditcoin ecosystem.

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The introduction of EVM compatibility on the Creditcoin network is a significant leap forward. This upgrade allows developers to effortlessly migrate their existing dApps and smart contracts to Creditcoin, promoting easier multi-chain interactions.

By reducing the complexities and costs traditionally associated with cross-chain operations, Creditcoin is paving the way for a more interconnected blockchain ecosystem. The new Universal Smart Contract (USC) layer will further streamline cross-chain interactions, enabling direct and secure connections across various blockchains without the need for bridging.

Meet CreditWallet: Your Gateway to Seamless Asset Management

At the heart of this update is CreditWallet, a mobile app that redefines how users manage their digital assets. CreditWallet simplifies cross-network transfers between Creditcoin’s EVM and Substrate chains, offering a seamless experience for moving assets and interacting with dApps across different ecosystems.

With its intuitive interface, non-custodial ownership, and robust security features, CreditWallet is poised to become a must-have tool for both new and seasoned users.

Transitioning to the New Mainnet

Existing Creditcoin Classic users will have their token balances transferred to the new mainnet based on a snapshot taken on August 21, 2024. Users will need to reconfigure their roles as nominators and validators on the new network, while also exploring new staking opportunities available through the updated dashboard.

For those looking to integrate technically, Creditcoin offers comprehensive resources, including RPC information and step-by-step guidance on adding Creditcoin EVM to MetaMask.

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About Creditcoin

Creditcoin is a foundational Layer 1 blockchain designed to match and record credit transactions, creating a public ledger of credit history and loan performance. This paves the way for a new generation of interoperable cross-chain credit markets.

By collaborating with technology partners, fintech lenders like Aella, and financial institutions across global emerging markets, Creditcoin is securing capital financing, building credit history, and fostering trust for millions of underserved financial customers and businesses, all grounded in the principles of Real-World Assets (RWA).