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DFINITY Launches API to Improve 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.
Innovations aim to encourage interoperability across multiple blockchains and expand decentralized finance (def) utility within the ecosystem.
“Reaching the Tritium milestone with EVM RPC enables Internet Computers smart contracts read and write to any blockchain that supports 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. Encode messages using JSON, a lightweight data format.
With new announcement, DFINITY EVM RPC simplifies multi-chain decentralized application development (dApp) allowing direct interactions with blockchains such as Optimism, Arbitrum and Base. Developers can add more EVMs as needed.
Through the launch of these products, DFINITY aims to improve blockchain interoperability and liquidity by connecting various communities. Early feedback from users such as IC Lighthouse and Helix Markets has highlighted its potential to simplify operations and integration across different networks.
DFINITY also introduced ckUSDC, a stable currency directly connected to the USDC and integrated into the Internet computer network.
As a “sister token,” ckUSDC offers the advantages typical of stablecoins, acting as a medium of exchange and store of value, faster transactions and reduced costs typical of Internet computing (ICP). It supports trading pairs such as ckBTC/ckUSDC, ckETH/ckUSDC and ICP/ckUSDC, allowing for secure transactions across multiple chains.
DFINITY aims to encourage further adoption of ckUSDC among developers and users by enabling community proposals for additional ERC20 twins on the Internet computing network.