Ankr Partners with XDC Network to Simplify dApp Development and Trade Finance

Ankr, a leading name in blockchain infrastructure solutions, is set to transform blockchain development with its groundbreaking partnership with the XDC Network. This collaboration will see Ankr integrate the XDC Network into its Remote Procedure Call (RPC) service, making it easier than ever for developers to harness the full potential of the XDC Network. This integration is poised to revolutionize the way developers build decentralized applications (dApps), with a particular focus on trade finance and real-world asset tokenization use cases.

Billy Sebell, Executive Director of XDC Foundation, emphasized the importance of Ankr’s integration, stating, “Continuous development of both protocol and application layers are an integral part of a growing and vibrant blockchain network. The XDC Network integration with Ankr is an example of our ongoing effort to support developers with fundamental tools and services necessary for ease in building applications and accessing block data with world-class speed and efficiency.”

In a recent development, Securitize, a pioneer in digital securities, also declared its support for the XDC Network and the U.S. Treasury Yield (USTY) token. The USTY token, based on the XDC Network, is designed to provide cost-effective access to the yield generated by an institutionally managed U.S. Treasury ETF, illustrating the XDC Network’s real-world asset tokenization capabilities.

Unlocking New Possibilities for Blockchain Applications

Ankr‘s XDC RPCs are integral components connecting wallets and dApps with the XDC blockchain. These RPCs serve as messengers, streamlining the transmission of on-chain data between XDC nodes, dApps, and end-users. The is a lot of potential for this integration:

1. Innovation: Ankr’s XDC RPCs obviate the necessity for developers to establish and oversee their individual XDC nodes, fundamentally transforming the development process within the XDC Network. This groundbreaking approach not only expedites development but also alleviates developers from expending valuable hours on node configuration and troubleshooting, significantly enhancing efficiency.

2. Empowering Developers: Via the Premium RPC Plan, developers are granted immediate access to a formidable array of resources. These resources encompass a rapid request rate, elevated request priority, worldwide node placements, telemetry, debug mode, a support portal, and WebSocket (WS) capabilities. This comprehensive toolset empowers developers to effectively surmount the challenges associated with expeditiously crafting feature-rich applications on the XDC Network.

3. Expanding Possibilities: Ankr’s RPC service facilitates the harnessing of XDC Network capabilities by applications and open-source software, including its swiftness, security, and scalability. This results in the provision of a high-performance node cluster, replete with the essential data required for the development and operation of dApps. Such an expansion not only ushers in a realm of novel opportunities within blockchain development but also serves as a gateway to the diverse ecosystem of participants within the XDC Network.

4. Strengthening the XDC Network: Ankr’s partnership with the XDC Foundation bolsters the worldwide XDC Network ecosystem. Streamlining development procedures and broadening the scope of distributed node infrastructure, Ankr plays a pivotal role in enhancing the network’s expansion and influence.

5. Simplifying Blockchain Development: The integration of Ankr’s XDC RPC embodies innovation, empowerment, and substantial impact. It streamlines blockchain development, rendering it more accessible to a wider audience. Ankr’s unwavering commitment to its vision and its users is the driving force behind its mission to transform the blockchain landscape.

Fueling Innovation in Blockchain Development

With this groundbreaking partnership, Ankr and the 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 underscores the continued evolution and innovation within the blockchain space, ultimately benefiting developers, enterprises, and end-users alike.

Chandler Song, CEO of Ankr, expressed his enthusiasm about this partnership, saying, “Ankr is excited to begin the partnership with XDC Network to power developers focused on the important trend of asset tokenization. As the finance industry continues its integration with blockchain technology, enterprises, and projects will find an easy way to explore the possibilities of XDC with a fast and reliable RPC connection to the chain.”

Ankr serves as a comprehensive Web3 developer hub, offering a complete toolbox for crafting Web3 applications and empowering them with high-performance connectivity to over 40 blockchains. Its offerings encompass versatile multi-chain dApp development tools, blockchain engineering services, crypto staking solutions, and a globally dispersed node infrastructure, collectively laying the foundation for these endeavors. Ankr’s solutions simplify the process, enabling individuals to create and profit from the Web3 ecosystem, ultimately contributing to a more decentralized, democratic, and user-driven internet experience.

The XDC Network is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain network. Setting itself apart as an enhanced iteration of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, resulting in exceptionally swift transaction times of only two seconds, minimal gas fees, and remarkable transaction throughput. Celebrated for its robust security, scalability, and efficiency, the XDC Network powers a diverse range of pioneering blockchain applications and provides cutting-edge infrastructure to support enterprise-level blockchain initiatives and real-world asset tokenization.