Delaware, USA, 28th August 2024 — Creditcoin, the foundational Layer 1 (L1) blockchain, has unveiled its EVM-compatible mainnet, a strategic upgrade aimed at advancing global financial inclusion through decentralized technology. This milestone enhances Creditcoin’s infrastructure while introducing CreditWallet, a cutting-edge mobile application designed to streamline user interaction within the ecosystem.
Key Features of the EVM-Compatible Mainnet
Seamless Developer Integration
- EVM compatibility allows developers to port existing dApps and smart contracts to Creditcoin with minimal friction.
- Supports multi-chain interoperability, reducing cross-chain operational costs.
Universal Smart Contract (USC) Layer
- Enables secure, direct interactions across blockchains without relying on bridges.
CreditWallet App
- Simplifies asset transfers between Creditcoin’s EVM and Substrate chains.
- Offers a non-custodial, user-friendly interface with robust security features.
👉 Explore CreditWallet’s features
Transition for Existing Users
- Token Migration: Balances from Creditcoin Classic were snapshotted on August 21, 2024, and will be automatically transferred.
- Validator/Nominator Roles: Users must reconfigure roles on the new mainnet.
- Staking Opportunities: Updated dashboard provides new staking options.
Technical Integration
Developers and users should refer to Creditcoin’s official documentation for:
- RPC configurations
- MetaMask integration steps for Creditcoin EVM
FAQ Section
Q: How does EVM compatibility benefit developers?
A: It lowers barriers to entry by supporting familiar tools like Solidity and existing Ethereum dApps.
Q: Is CreditWallet secure for storing assets?
A: Yes, it’s non-custodial and incorporates advanced encryption protocols.
Q: What happens to my old Creditcoin Classic tokens?
A: They’ll be migrated based on the August 21 snapshot—no action required unless reconfiguring validator roles.
👉 Learn more about Creditcoin’s ecosystem
About Creditcoin
Creditcoin pioneers decentralized credit markets by recording loan histories on-chain, fostering trust in emerging economies. Partnering with fintech lenders like Aella, it bridges real-world asset (RWA) principles with blockchain transparency.
Contact:
Alan Kong, Director of Marketing
Email: [email protected]
Disclaimer: This content is informational only and not financial advice. Cryptocurrency investments carry risks; consult professionals before acting.