📖 Explore the future of
#RWAs on Creditcoin 🧵 👇
⛓️Creditcoin pioneered the world’s first
#RWA tokenized credit ledger, with 5M real-world loans recorded on-chain, worth over $80M USD.
As RWAs continue to mature, Creditcoin is now set to enter phase 1 of its RWA evolution👉
🤖 Phase 1: EVM-Compatibility
With the advent of smart contract technology, thousands of new opportunities are emerging for the global credit industry. These include self-executing loan securitisation agreements, transparent and automated loan auditing, trustless secondary trading markets, democratised lending and more...
But the opportunities don’t just stop at credit; everything from traditional commodities to stocks and shares is being brought on-chain.
🤔The magic ingredient? Smart contracts.
Creditcoin’s latest network upgrade introduces EVM-compatibility, allowing developers to program new smart contracts natively on Creditcoin using the same programming language (Solidity) as Ethereum. Users can even use their same EVM wallet address too!
By benefiting from Creditcoin’s highly scalable Substrate architecture, and leveraging existing EVM network effects, developers can now build thousands of new applications and RWA integrations, directly on the Creditcoin blockchain.
♻️ Phase 2: Universal Smart Contract
And yet, despite the ongoing maturation of the RWA and blockchain sectors, protocol fragmentation and limited interoperability continue to hamper horizontal integration. To unlock the true potential of RWAs, deepened interoperability solutions are needed.
Phase 2 of Creditcoin’s RWA evolution involves the deployment of the world’s first Universal Smart Contract (USC).
By deploying a USC, developers can natively use Creditcoin whilst reading and accessing key block information and events on other L1 blockchains, such as Bitcoin and Ethereum.
By providing native multi-blockchain access, Creditcoin will allow developers to coordinate smart contracts across multiple chains easily. Therefore, making it safer and simpler to deploy novel multi-chain applications.
👉 With the release of phase 2, Creditcoin will become the Universal Smart Contract Layer of Web3.
🛰️ Gluwa’s Global Strategy 🛰️
Recently, our development company
@Gluwa, shared news regarding its growing relationships with key African countries, as part of its strategy to improve digital infrastructure across the continent. These exciting developments are all part of our ongoing mission of achieving financial inclusivity across global markets.
As Gluwa humbly explores the integration of its technology with its new government partners, and the launch of a new decentralized, satellite-based ISP, we are excited about the potential for future blockchain synergies in one of the world's most rapidly advancing regions for blockchain adoption.
📢 Gamified Testnet Now Live! 📢
🎮 Join
@Creditcoin's Real-World EVM event to rack up points towards epic mainnet prizes (stablecoins,
$CTC NFTs, partner airdrops and more) dropping later this year.
Join the Testnet today 👇
creditcoin.org/blog/creditco…