DFINITY, the organization behind the Internet Computer blockchain, made waves on May 22 with the introduction of the EVM RPC and a new stablecoin called ckUSDC.
These developments are designed to enhance connectivity between various blockchains and bolster the capabilities of decentralized finance (DeFi) within the ecosystem.
Lomesh Dutta, VP of Growth at DFINITY, explained the significance of reaching the Tritium milestone with the EVM RPC. This milestone enables smart contracts on the Internet Computer to seamlessly interact with any blockchain that supports the Ethereum JSON-RPC protocol. JSON-RPC, or JavaScript Object Notation-Remote Procedure Call, is a standardized coding protocol used for transmitting commands and receiving responses across different operating systems.
DFINITY’s EVM RPC simplifies the development of multi-chain decentralized applications (dApps) by facilitating direct interactions with blockchains like Optimism, Arbitrum, and Base. Developers have the flexibility to integrate additional EVMs as required.
The introduction of these products underscores DFINITY‘s commitment to enhancing blockchain interoperability and liquidity while fostering collaboration among diverse communities. Early feedback from adopters such as IC Lighthouse and Helix Markets has highlighted the potential of these innovations to streamline operations and integration across disparate networks.
In addition to the EVM RPC, DFINITY unveiled ckUSDC, a stablecoin pegged directly to the USDC and seamlessly 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 store of value, with the added advantages of faster transactions and reduced costs characteristic of the Internet Computer (ICP). It supports trading pairs like ckBTC/ckUSDC, ckETH/ckUSDC, and ICP/ckUSDC, facilitating secure transactions across different chains.
DFINITY is actively encouraging the adoption of ckUSDC among developers and users by inviting community proposals for additional ERC20 twins on the Internet Computer network. This inclusive approach aims to drive innovation and collaboration within the ecosystem.
Summary Review: DFINITY’s recent launch of the EVM RPC and ckUSDC stablecoin marks a significant milestone in enhancing blockchain interoperability and expanding the capabilities of decentralized finance within the ecosystem. These innovations simplify the development of multi-chain decentralized applications and offer a seamless way for smart contracts on the Internet Computer to interact with other blockchains. With the introduction of ckUSDC, DFINITY aims to provide a reliable medium of exchange and store of value while fostering collaboration and innovation within the community. As DFINITY continues to drive forward with its vision of a connected and interoperable blockchain landscape, these developments represent a step towards a more inclusive and efficient decentralized future.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
