XDC Network launches SDKs for developers’ easy access to DeFi

The enterprise-grade hybrid blockchain specialising in global trade and finance – Singapore’s XDC Network – has released a collection of multiplatform software development kits (SDKs), covering iOS, Android, .NET, Java, and Go.

The SDKs will allow application developers to easily incorporate XRC-based tokens and smart contracts into their domain-specific applications without needing expertise in blockchain technology.

XDC has already begun connecting real-world finance to DeFi markets through the network’s tokenisation platform utilised by Tradeteq.

The trade finance use case on the XDC Network positions XRC-20 as the de-facto standard for recording payment obligations for institutions, including buyers, suppliers, governments, and banks – all on the hybrid blockchain.

Two-second transaction times of the XDC Network

Quincy Jones, Developer for the XDC Foundation, said that “enabling application developers on established platforms like iOS and Android to add any XRC token type to their new or existing applications, opens decentralised finance up to brand new marketplaces”.

“Access to the XDC Network SDK speeds up the integration processes, allowing developers to focus their development efforts on the application itself,” he added.

“Most importantly, these developers will be able to leverage the near-zero gas fees and two-second transaction times of the XDC Network without needing to be experts in blockchain engineering.”

The network’s SDKs will also enable developers to leverage the XDC Network to bring enhanced blockchain functionality like smart contracts, decentralised finance (DeFi), and non-fungible tokens (NFTs) to centralised applications.

Traditional centralised application development infrastructure is easier to maintain and leverage for development.

XDC’s innovative approach to SDKs enables developers to balance the simplified development and larger user market of centralised applications with the power and efficiency of DeFi.

In comparison with popular cryptocurrencies, such as Bitcoin and Ethereum, the Network has a substantially greater throughput and speed. The XDC Network can handle in excess of 2,000 transactions per second with two second block time with finality.