Key takeaways
Creditcoin’s EVM-compatible mainnet enables easier migration of dApps and smart contracts, streamlining cross-chain operations.
The new CreditWallet app simplifies cross-network transfers, offering a user-friendly interface and robust security features.
Creditcoin Classic users need to reconfigure their roles and explore new staking opportunities on the updated platform.
Creditcoin is a leading L1 blockchain and they have officially launched its EVM-compatible mainnet, a significant step towards improving global financial inclusion through blockchain technology. This update not only advances Creditcoin’s mission but also introduces CreditWallet, a new mobile wallet app designed to improve user interaction with the Creditcoin ecosystem.
The upgrade to EVM compatibility is a key development, allowing developers to seamlessly migrate their existing decentralized applications (dApps) and smart contracts to the Creditcoin network. This improvement facilitates multi-chain interactions, reducing the complexities and costs typically associated with cross-chain operations. With the addition of the Universal Smart Contract (USC) layer, Creditcoin further simplifies the process by enabling secure, direct interactions across various blockchains without the need for bridging.
CreditWallet
At the center of this update is the launch of CreditWallet, a mobile app that transforms how users manage their digital assets. The app streamlines cross-network transfers between Creditcoin’s EVM and Substrate chains, making it easier for users to move assets and engage with dApps across different ecosystems. CreditWallet’s intuitive interface, combined with non-custodial ownership and improved security features, ensures a seamless and secure user experience for both new and existing users.
For those already using Creditcoin Classic, token balances will automatically transfer 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 updated network and can explore new staking opportunities through the revised dashboard. All relevant information regarding the technical integration, including RPC information and guidance on adding Creditcoin EVM to MetaMask, is available at Creditcoin’s resources,
To wrap it all up
Creditcoin’s launch of its EVM-compatible mainnet and CreditWallet app represents a big milestone in advancing cross-chain compatibility and user accessibility. Creditcoin continues to push the boundaries of blockchain technology on a global scale, by simplifying multi-chain operations and providing a new tool for managing digital assets.