The foundational L1 blockchain, Creditcoin, has announced the launch of its EVM-compatible mainnet, a significant advancement in the use of blockchain technology to achieve global financial inclusion. Together with introducing CreditWallet, a brand-new mobile wallet app designed to maximize user interaction with the Creditcoin ecosystem, this launch furthers the primary goals of Creditcoin.
An important advancement is the enhancement of EVM compatibility, which makes it simple for developers to move their current dApps and smart contracts to the Creditcoin network. Through this integration, cross-chain operations become less complicated and expensive while facilitating smooth multi-chain interactions. By facilitating direct, secure interactions across several blockchains without the need for bridging, the Universal Smart Contract (USC) layer would significantly simplify these processes.
The new mobile app CreditWallet, revolutionizing the way users manage their digital assets, is at the center of the update. CreditWallet makes it simpler for consumers to move assets and communicate with dApps across several ecosystems by streamlining cross-network transfers between Creditcoin’s EVM and Substrate chains. For both new and returning users, the app’s user-friendly layout, non-custodial ownership, and improved security measures contribute to a smooth and secure experience.
Token balances of current Creditcoin Classic users will be transferred in accordance with a snapshot made on August 21, 2024. They will have to reorganize their responsibilities on the new mainnet as validators and nominators in addition to looking at new staking opportunities via the redesigned dashboard. Users are urged to explore Creditcoin’s resources for technical integration, such as RPC details and instructions on adding Creditcoin EVM to MetaMask.
