Creditcoin announced the launch of its EVM-compatible mainnet aimed at enhancing global financial inclusion. The update also includes the introduction of a new mobile app, CreditWallet.
EVM-Compatible Mainnet
The EVM compatibility upgrade allows developers to easily migrate existing dApps and smart contracts to the Creditcoin network. This integration facilitates seamless multi-chain interactions and reduces complexities and costs traditionally associated with multi-chain operations. The introduction of the Universal Smart Contract (USC) layer further streamlines these processes by enabling direct, secure interactions across various blockchains without the need for bridging.
CreditWallet App
Central to the update is CreditWallet, a new mobile app transforming how users manage their digital assets. CreditWallet simplifies cross-network transfers between Creditcoin’s EVM and Substrate chains, making it easier for users to move assets and interact with dApps across different ecosystems. The app’s user-friendly interface, non-custodial ownership, and enhanced security features ensure a seamless and secure experience for both new and existing users.
Migration and New Opportunities
Existing Creditcoin Classic users will see their token balances transferred based on a snapshot taken on August 21, 2024. They will need to reconfigure their roles as nominators and validators on the new mainnet while exploring new staking opportunities through the updated dashboard. For technical integration, users are encouraged to review Creditcoin’s resources, including RPC information and guidance on adding Creditcoin EVM to MetaMask.
The launch of EVM-compatible mainnet and CreditWallet app marks a significant advancement for Creditcoin in the area of financial inclusion, simplifying user interactions with decentralized applications and assets across different networks.
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