CreditcoinPrice

(CTC)

Creditcoin is a foundational Layer 1 (L1) blockchain designed as infrastructure for real-world assets (RWAs). It connects borrowers and lenders, recording all credit transactions directly on-chain. This creates a transparent, global ledger of credit history and loan performance, significantly reducing information asymmetry in financial markets. The $CTC token is the native utility token of the Creditcoin Network, primarily used for covering transaction fees.

The $CTC token serves as the primary utility token within the Creditcoin Network. Its main use is to pay transaction fees for "write" operations throughout the loan cycle. These operations record verifiable credit history on-chain, linked to a user's wallet address. "Read-only" interactions, however, are free of charge. This ensures every critical step in a loan's lifecycle, from origination to repayment, is immutably documented, building a transparent and trustworthy credit ledger.

Creditcoin offers several key advantages, including its design as an L1 chain for Real-World Assets (RWAs), bridging traditional finance with on-chain lending liquidity. It creates an immutable, on-chain record of credit history, enhancing transparency and accessibility to credit, particularly for underserved populations. With future upgrades like Creditcoin 3.0, it aims for EVM-compatibility, expanding its interoperability for diverse Web3 use cases such as decentralized exchanges and NFT marketplaces.

Creditcoin primarily functions as a reputational ledger. If a party fails to repay a loan, this non-repayment is immutably recorded on the blockchain, directly damaging that party's on-chain credit score. This reputational impact serves as the network's primary enforcement mechanism, limiting future borrowing opportunities within the ecosystem. While Creditcoin itself does not inflict direct punishment beyond this reputational damage, its on-chain records can work in conjunction with off-chain legal agreements or integrated smart contracts for more comprehensive enforcement.

Creditcoin's roadmap involves continuous evolution, building on upgrades like Creditcoin 2.0+, which brought Proof-of-Stake, faster block times, and reduced token issuance. A major upcoming focus is the Creditcoin 3.0 upgrade, aiming to deliver EVM-compatibility, universal smart contracts, and expanded multi-chain Real-World Asset (RWA) opportunities. There are also plans for nomination pools to enhance staking accessibility and potentially a token merge to unify $CTC and $G-CRE into a single, cohesive ecosystem.

Creditcoin employs a Nominated Proof-of-Stake (NPoS) consensus algorithm. This is a modified form of Proof-of-Stake (PoS) designed to enhance network decentralization and security while being significantly more energy-efficient than Proof-of-Work systems. Under NPoS, participants can either run Validator nodes to produce blocks or act as Nominators, who stake their $CTC tokens to vote for trusted validators. This mechanism is crucial for the network's integrity, security, and sustainable operation.