FedNow and JSON-RPC Integration Boosts Web3 Development on Hedera Network

The Hedera team has confirmed the full integration of JSON-RPC – the native protocol designed for EVM-supported blockchains- and that it is now openly accessible. The Hedera network aims to boost interoperability and more significant EVM equivalence by incorporating JSON-RPC support. This allows Web 3 developers and infrastructure developers to streamline their operations, collaborate and innovate across the EVM eco.

This is a major step for the Hedera network that will help promote the growth and development of its eco. A blog post from the team, further notes;

This integration not only strengthens the Hedera network’s position in the blockchain eco but also facilitates the seamless deployment of multi-chain applications built on other EVM-compatible networks.

Developers tapping into the Hedera network will enjoy its robust technology, and benefit from its high throughput, energy efficiency, and predictable low fees. By providing developers with the best experience on the network, Hedera expects to exponentially surpass its recently achieved goals. The Hedera mainnet recently crossed the 17 billion transaction milestone demonstrating its resourcefulness and demand in the space.

1/ ⛓️ #Hedera's JSON-RPC – the native protocol designed for #EVM-supported #blockchains – is now openly accessible and ready for use, furthering equivalence, enhancing interoperability, and facilitating the seamless deployment of multi-chain applications.

— Hedera (@hedera) August 17, 2023

Buy Hedera (HBAR) quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<The blog further adds “Users transitioning to the Hedera network from alternative EVM chains can effortlessly manage their digital assets and engage with Hedera-powered and multi-chain EVM applications across ious domains, including DeFi, NFT, gaming, and beyond.”

Hedera Meets FedNow

Recently, The Federal Reserve’s payment service FedNow has added the Hedera-powered micropayment platform Dropp to its list showcasing service providers. This makes the platform one of FedNow’s different tech solutions for the Federal Reserve’s payment service. FedNow which was launched in July has been an instant hit with some of the largest banks like BNY Mellon, JPMorgan Chase, and Wells Fargo being part of the early adopters.

Predictably, Hedera has enjoyed a positive streak on its native token HBAR. After the announcement of its listing on FedNow, HBAR rallied by nearly 25 percent, reaching $0.0659.

Read More: Blockchain Meets FedNow: Hedera Hashgraph’s Integration Fuels 25% Price Boost

The token has since retraced from this high and is exchanging for $0.06237 at the time of press. While the drop was an expected correction, the market has been bearish which has further pulled the native asset lower.

Hedera has been viewed as one of the most promising projects due to its technological advancements as an open-source, leaderless proof-of-stake public ledger. In addition to having a strong global community in support, it further enjoys governance from a diverse council of industry-leading organizations, including; Boeing, Chainlink Labs, DBS Bank, Dell, Deutsche Telekom, Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, The London School of Economics (LSE), and Standard Bank Group.

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