Ankr collaborates with XDC Network to simplify dApp development and trade financing.

2023-10-13 13:35

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Source: Ankr

Ankr is a leading brand in the field of blockchain infrastructure solutions, and will change the way blockchain development is done through a groundbreaking collaboration with XDC Network. This collaboration will enable Ankr to integrate the XDC network into its remote procedure call (RPC) service, which is expected to completely change the way developers build decentralized applications (dApps), with a particular focus on trade finance and real-world asset tokenization use cases. Ankr is working with the XDC Foundation to enhance and expand the continuously evolving developer ecosystem of XDC.

XDC Foundation Executive Director Billy Sebell emphasized the importance of Ankr integration, stating: "Continuous development at both the protocol and application layers is an essential part of a constantly evolving and vibrant blockchain network. The integration of XDC Network and Ankr is an example of our ongoing efforts to provide developers with the necessary foundational tools and service support to easily build applications and access block data at world-class speed and efficiency."

In recent developments, Securitize, a pioneer in the digital securities industry, has announced its support for the XDC network and the US Treasury Yield (USTY) token. The USTY token is based on the XDC network and aims to provide an economically efficient way to access the returns generated by institutionally managed US Treasury bond ETFs, reflecting the real asset tokenization capabilities of the XDC network.

Release New Possibilities for Blockchain Applications

Ankr's XDC RPC is an essential component that connects wallets and dApps to the XDC blockchain. These RPCs act as messengers, simplifying the transmission of on-chain data between XDC nodes, dApps, and end-users. This integration has great potential.

1. Innovation: Ankr's XDC RPC eliminates the need for developers to set up and monitor their individual XDC nodes, fundamentally changing the development process within the XDC network. This groundbreaking approach not only speeds up development, but also saves developers valuable time on node configuration and troubleshooting, significantly improving efficiency.

2. Empowering Developers: Through the Advanced RPC Plan, developers can immediately access a wealth of resources. These resources include fast request rates, priority requests, global nodes, telemetry, debugging mode, support for portals and WebSocket (WS) functionality. This comprehensive toolkit enables developers to effectively overcome the challenges associated with rapidly building feature-rich applications on the XDC network.

3. Expand Possibilities: Ankr's RPC service helps applications and open-source software leverage the functionality of the XDC network, including its speed, security, and scalability. This leads to the provision of high-performance node clusters, filled with the basic data required for dApp development and operation. This expansion not only brings new opportunities for blockchain development, but also becomes a gateway to a diversified ecosystem of XDC network participants.

4. Strengthening the XDC Network: Ankr's collaboration with the XDC Foundation supports the global XDC network ecosystem. Ankr simplifies development programs and expands the scope of distributed node infrastructure, playing a critical role in enhancing the network's scalability and impact.

5. Simplifying Blockchain Development: The integration of Ankr XDC RPC reflects innovation, empowerment, and substantial impact. It simplifies blockchain development, making it easier to be used by a wider audience. Ankr's unwavering commitment to its vision and users is the driving force behind its mission to change the blockchain landscape.

Promoting Blockchain Development Innovation

Through this groundbreaking partnership, Ankr and XDC Network are poised to reshape the future of blockchain development, bringing real-world asset tokenization and trade finance use cases to the forefront of the industry. This collaboration emphasizes the ongoing development and innovation in the blockchain space, ultimately benefiting developers, businesses, and end-users.

Ankr CEO Chandler Song expressed enthusiasm for the partnership, stating: "Ankr is excited to begin working with XDC Network to provide support for developers focused on the important trend of asset tokenization. As the financial industry continues to integrate with blockchain technology, enterprises and projects will find a simple way to explore the potential of XDC by quickly and reliably connecting to the chain through RPC."

Ankr is a comprehensive Web3 developer center that provides a complete toolbox for creating Web3 applications and giving them high-performance connections to over 40 blockchains. Its products include multifunctional multi-chain dApp development tools, blockchain engineering services, staking solutions, and globally distributed node infrastructure, all of which lay the foundation for these efforts. Ankr's solutions simplify the process, enabling individuals to create Web3 ecosystems and profit from them, ultimately promoting a more decentralized, democratic, and user-driven internet experience.

XDC Network is a layer 1 blockchain network that is compatible with the Ethereum Virtual Machine (EVM). As an enhanced iteration of Ethereum, XDC Network achieves consensus through the Delegated Proof of Stake (XDPoS) mechanism, resulting in extremely fast transaction times of just two seconds, minimal gas fees, and excellent transaction throughput. Known for its robust security, scalability, and efficiency, XDC Network supports a variety of groundbreaking blockchain applications and provides cutting-edge infrastructure to support enterprise-level blockchain initiatives and the tokenization of real-world assets.