A Bold Beginning

Launched in 2015, CreditBit set out to democratize financial services using Blockchain technology. It built a cryptocurrency on its very own Bitcoin-like Blockchain. By offering transaction speed enhancements and implementing a hybrid Proof of Work/Proof of Stake consensus mechanism, CreditBit has shown that it’s serious about its mission. And now, with a goal of appealing to an even broader audience, CreditBit is turning its sights on the Chinese market, accompanied by the launch of its new mobile app.

CreditBit’s Chinese Market Strategy

Talk about a strategic move! When a Chinese trader decided to buy all available CRB coins from an order book on a website, it sent prices surging. Currently sitting with a market cap of approximately $13,757,594 and a price of $1.09, CreditBit has truly found a market that loves its offerings. The insatiable appetite of Chinese investors for new opportunities seems like a match made in heaven. This growing interest has been amplified thanks to the translation of their whitepaper for platforms like DaBTC, helping to catapult CRB’s growth even further.

Migrating to Ethereum: A Smart Move

In an exciting shift, CreditBit is rolling out its Credit 2.0 project, migrating to the Ethereum Blockchain. The goal? To overcome existing limitations, such as the lack of turning power and enhance the capabilities for complex smart contracts. Since Ethereum offers faster transaction confirmations and a versatile programming language, this is shaping up to be an ideal environment for CreditBit’s evolution. The first migration round kicked off in early March, promising users an opportunity to hold and trade their coins through popular Ethereum wallets like Mist and MyEtherWallet.

Culture of Transparency and User-Focused Updates

The CreditBit team has shown they’re not just tech-savvy; they’re also incredibly user-focused. As they close in on the first round of migration, they’ve kept their community in the loop with updates on syncing wallets and potential issues. Their commitment to transparency means users can feel secure throughout the migration process. It’s almost as if they’re saying, “We’ve got your back,” while they tackle these complexities with ease.

CreditBit Info App: Keeping Users in the Loop

To round it all off, CreditBit is set to roll out its new mobile app, the CreditBit Info App. Imagine having all your cryptocurrency updates at your fingertips! The app will not only provide real-time price trends but also list markets available for trading CreditBit. The team’s persistent commitment to user feedback and updates suggests they are keen on not just keeping up but staying ahead in the crypto race.

The Future of CreditBit Looks Bright

CreditBit’s innovations and rapid growth position it as a strong contender in the crypto space. With promises of speed and safety that surpass even Bitcoin, CreditBit is undeniably a cryptocurrency to watch. Should you want to get ahead of the curve, consider visiting their website or stopping by their booth at the BlockShow 2017 in Munich. Who knows? You might just catch the next big wave in cryptocurrency.