Creditcoin (CTC) is the native cryptocurrency of the Creditcoin Network, a decentralised Layer 1 blockchain designed to support a global credit infrastructure. Its core purpose is to provide transparent, verifiable access to credit by recording lending and borrowing transactions on an immutable public ledger. Creditcoin enables peer-to-peer lending across borders, removing reliance on traditional financial intermediaries and promoting financial inclusion through decentralised finance (DeFi) systems.
Creditcoin runs on its own Layer 1 blockchain, originally launched on Ethereum but now operating independently. It supports various token formats, including native CTC, wrapped wCTC, EVM-compatible CTC, and ERC-20 G-CRE, enabling interoperability across multiple blockchain environments. The network is currently transitioning from a Proof of Work (PoW) model to Nominated Proof of Stake (NPoS) to improve scalability and energy efficiency. Creditcoin records every credit transaction on-chain, allowing users to build decentralised credit histories while supporting smart contracts and cross-chain lending functionality.
Creditcoin enables a range of practical use cases in the decentralised lending and credit markets. These include peer-to-peer lending without intermediaries, credit history tracking for individuals and enterprises, and support for DeFi lending platforms offering asset-backed loans. The network also powers microfinance initiatives for underserved communities and allows staking and governance participation through the CTC token. Industries such as fintech, microfinance, global credit scoring, remittances, and decentralised finance benefit directly from the Creditcoin ecosystem.