SAN FRANCISCO, July 1, 2024 /PRNewswire/ -- sCrypt, a
full-stack Web3/blockchain development platform, has announced the
launch of its groundbreaking developer tool kit designed for the
Unspent Transaction Output (UTXO) blockchains. The new tools will
revolutionise how developers interact with UTXO blockchains, making
them more accessible and fostering creativity in the Web3
space.
UTXO is the method the Bitcoin protocol uses to track balances
as they move between digital wallets. The UTXO model is essential
for maintaining the security and integrity of blockchain networks
and solves the double-spend problem.
The sCrypt platform provides comprehensive toolkits such as
Software Development Kits (SDK) and Application Programming
Interfaces (APIs) that allow developers to seamlessly integrate
UTXO blockchains into their applications. The platform will also
integrate a vast ecosystem of JavaScript/TypeScript developers,
estimated at 13 million globally. These developers can now leverage
their existing skills to build and operate on UTXO
blockchains.
By doing so, sCrypt opens a world of opportunities, where
developers are equipped with the best tools to drive innovation and
success.
The SDK provides libraries in various languages, detailed
documentation, and tutorials and offer a flexible and robust
framework for leveraging payments, tokens, and smart contracts.
Whereas APIs allow developers to read from and write into
blockchains, without setting up and maintaining their own nodes and
indexers. As a tool kit, they allow developers to focus on the
business logic of their dApp (decentralised applications),
rather than worrying about the underlying blockchain
infrastructure.
The platform is chain-agnostic, allowing developers to focus all
their intellectual horsepower on application development rather
than blockchain specifics. This industry-first platform is designed
to power Web3 growth and empower developers to build and scale
their dApp efficiently and effortlessly, by leveraging UTXO's
unparalleled scalability and programmability.
Xiaohui Liu, Founder and CEO
at sCrypt said, "Historically, Web3 applications
have been largely built on account-based blockchains like Ethereum
and Solana. Ordinals have brought renewed development interest back
to Bitcoin and UTXO blockchains. With our extensive developer
tooling and infrastructure, it is now easier than ever to build on
UTXO blockchains, empowering builders to unleash UTXO's superior
scalability and programmability."
Companies utilising the sCrypt platform include BTC platforms,
such as Dotswap, the first BRC20 token swap platform on BTC,
offer fast and seamless token exchanges, leveraging a fully
functioning Automated Market Maker (AMM) and liquidity pools. It
uses sCrypt's APIs to query the status of tokens,
including BRC20 and Runes. TierTopis another
cutting-edge BTC trading platform that supports Ordinals NFTs,
BRC-20 tokens, and bitmaps which rely on sCrypt's token APIs.
Other businesses using sCrypt include Tokenovate, which
leverages sCrypt's smart contracts to manage trading lifecycle
events of derivatives, such as interest-rate swaps and voluntary
carbon credits. Additionally, various innovative applications
benefiting from sCrypt's toolkit are Hodlocker, Order Lock
by RelayX, Tokenized, 1Sat
Ordinals and Yours Wallet.
The sCrypt platform is poised to be a game-changer for
developers working within the UTXO framework, offering them
resources to develop next-generation blockchain applications and
aiming to become the de-facto development platform for UTXO
blockchains.
About sCrypt:
sCrypt is a UTXO-blockchain development
platform that offers a suite of tools and infrastructure to enhance
and accelerate the development process of decentralised
applications (dApps). It provides a rich set of APIs and software
development kits (SDKs) that simplify blockchain interactions, such
as querying blockchain data, sending transactions, issuing tokens,
and developing smart contracts. It specialises in UTXO blockchains
and supports multiple of them, such as Bitcoin and Bitcoin SV.
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