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SirWin
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SirWin

DFINITY launches API to enhance blockchain interoperability

dfinity-api-blockchain-interoperability
Edited by
News
DFINITY launches API to enhance blockchain interoperability

The DFINITY Foundation, known for its work on the Internet Computer blockchain, announced on May 22 the launch of the EVM RPC and the new stablecoin, ckUSDC.

The innovations aim to foster interoperability across multiple blockchains and expand decentralized finance (defi) utility within the ecosystem.

“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,” said Lomesh Dutta, VP of Growth at DFINITY.

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

With the new announcement, DFINITY’s EVM RPC simplifies the development of multi-chain decentralized applications (dApps) by allowing direct interactions with blockchains such as Optimism, Arbitrum, and Base. Developers can add more EVMs as needed.

Through launching these products, DFINITY aims to improve blockchain interoperability and liquidity, bridging various communities. Early feedback from adopters such as IC Lighthouse and Helix Markets has highlighted its potential to simplify operations and integration across different networks.

DFINITY also introduced ckUSDC, a stablecoin directly pegged to USDC and integrated into the Internet Computer network.

As a “twin token,” ckUSDC offers typical stablecoin benefits, serving as a medium of exchange and a store of value, faster transactions, and reduced costs typical of the Internet Computer (ICP). It supports trading pairs like ckBTC/ckUSDC, ckETH/ckUSDC, and ICP/ckUSDC, enabling secure transactions across different chains.

DFINITY aims to encourage further adoption of ckUSDC among developers and users by allowing community proposals for additional ERC20 twins on the Internet Computer network.