On May 22, the DFINITY Foundation introduced significant advancements in blockchain technology with the launch of the EVM RPC and the ckUSDC stablecoin. These developments aim to enhance the functionality of the Internet Computer blockchain and improve decentralized finance (DeFi) across various platforms.
DFINITY’s EVM RPC is set to revolutionize the way smart contracts operate on the Internet Computer by facilitating seamless communication across different blockchain networks that support the Ethereum JSON-RPC protocol. This protocol uses JavaScript Object Notation (JSON) to encode messages, ensuring standardized communication across diverse operating systems.
The addition of EVM RPC to DFINITY’s toolkit simplifies the development process for creators of multi-chain decentralized applications (dApps). It enables direct interactions with major blockchains such as Optimism, Arbitrum, and Base, and allows for the inclusion of more Ethereum Virtual Machines (EVMs) as needed.
This initiative is expected to significantly boost interoperability and liquidity across blockchain communities. Feedback from early adopters like IC Lighthouse and Helix Markets has already underscored the potential of these tools to streamline operations and enhance integration across various networks.
Launch of ckUSDC and Its Implications
Alongside the EVM RPC, DFINITY has also rolled out ckUSDC, a stablecoin that mirrors the value of USDC and integrates smoothly into the Internet Computer network. As a twin token, ckUSDC is designed to facilitate quicker transactions and lower costs, which are hallmarks of the Internet Computer platform.
The ckUSDC functions as both a medium of exchange and a store of value, supporting trading pairs such as ckBTC/ckUSDC, ckETH/ckUSDC, and ICP/ckUSDC. This launch is poised to secure and streamline transactions across different chains, enhancing user experience and financial stability.
DFINITY is actively promoting the adoption of ckUSDC among developers and users by encouraging community proposals to introduce more ERC20 twins to the Internet Computer ecosystem. This strategy aims to expand the usability and reach of the Internet Computer blockchain, paving the way for a more interconnected and efficient blockchain environment.