DFINITY Unveils New API to Boost Blockchain Interoperability

DFINITY Unveils New API to Boost Blockchain Interoperability

The DFINITY Foundation, renowned for its work on the Internet Computer blockchain, announced the launch of its EVM RPC and the new stablecoin ckUSDC on May 22. These innovations aim to enhance interoperability across multiple blockchains and expand the utility of decentralized finance (DeFi) within the ecosystem.

Lomesh Dutta, VP of Growth at DFINITY, highlighted the significance of this milestone, stating, “Reaching the Tritium milestone with the EVM RPC enables Internet Computer smart contracts to read and write to any blockchain supporting the Ethereum JSON-RPC protocol.”

JSON-RPC, or JavaScript Object Notation-Remote Procedure Call, is a protocol for sending commands and receiving responses in a standardized way across different operating systems, utilizing JSON, a lightweight data format.

With the introduction of DFINITY’s EVM RPC, the development of multi-chain decentralized applications (dApps) is simplified, allowing direct interactions with various blockchains such as Optimism, Arbitrum, and Base. Developers have the flexibility to integrate additional EVMs as needed.

Through these new products, DFINITY aims to enhance blockchain interoperability and liquidity, effectively bridging various blockchain communities. Early feedback from adopters like IC Lighthouse and Helix Markets has highlighted the potential of these innovations to simplify operations and integration across different networks.

Additionally, DFINITY introduced ckUSDC, a stablecoin directly pegged to USDC and integrated into the Internet Computer network. As a “twin token,” ckUSDC offers typical stablecoin benefits, such as serving as a medium of exchange and a store of value, while also enabling faster transactions and reduced costs typical of the Internet Computer (ICP). It supports trading pairs like ckBTC/ckUSDC, ckETH/ckUSDC, and ICP/ckUSDC, facilitating secure transactions across different chains.

To further encourage the adoption of ckUSDC among developers and users, DFINITY is inviting community proposals for additional ERC20 twins on the Internet Computer network. This initiative is expected to bolster the integration and utilization of the stablecoin within the broader blockchain ecosystem.

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