DFINITY introduces new API to bolster blockchain interoperability
The DFINITY Foundation, renowned for its contributions to the Internet Computer blockchain, made an exciting announcement on May 22 regarding the launch of the EVM RPC and a new stablecoin called ckUSDC. These innovations are designed to enhance interoperability between different blockchains and expand the utility of decentralized finance (defi) within the ecosystem.
Lomesh Dutta, the VP of Growth at DFINITY, expressed the significance of reaching the Tritium milestone with the EVM RPC. This development enables smart contracts on the Internet Computer to interact with any blockchain that supports the Ethereum JSON-RPC protocol. JSON-RPC, which stands for JavaScript Object Notation-Remote Procedure Call, is a coding protocol that facilitates the exchange of commands and responses in a standardized manner across various operating systems. It utilizes JSON, a lightweight data format, to encode messages.
The introduction of DFINITY’s EVM RPC simplifies the development of decentralized applications (dApps) that span multiple chains. It allows developers to directly interact with blockchains like Optimism, Arbitrum, and Base, and additional EVMs can be incorporated as needed.
DFINITY’s focus on improving blockchain interoperability and liquidity is exemplified through the release of these products. The early feedback from adopters such as IC Lighthouse and Helix Markets has highlighted the potential of these innovations to streamline operations and integration across different networks.
In addition to the EVM RPC, DFINITY has also unveiled ckUSDC, a stablecoin that is pegged to USDC and integrated into the Internet Computer network. As a “twin token,” ckUSDC offers the typical benefits of stablecoins, serving as a reliable medium of exchange and a store of value. It facilitates faster transactions and reduces costs, which are characteristic of the Internet Computer (ICP). Trading pairs like ckBTC/ckUSDC, ckETH/ckUSDC, and ICP/ckUSDC have been established, enabling secure transactions across various chains.
DFINITY aims to encourage the further adoption of ckUSDC among developers and users by welcoming community proposals for additional ERC20 twins on the Internet Computer network.
In other news, the White House has expressed its objections to the FIT21 Act.
