Unlocking Opportunities: Exploring the E Money Network for Developers

The E Money Network is a trailblazing innovation in the Web3 space that aims at bringing Real World Assets (RWAs) into the realm of blockchain by tokenising them. With a robust interoperability protocol and an intuitive Software Development Kit (SDK), the E Money Network unlocks new opportunities for developers to build next-generation applications that will transform the RWA economy.

Interoperability is the Key

E Money Network is building the blockchain architecture for the next-generation RWA ecosystem from the ground up. In doing so, it is solving some key pain points of the existing blockchain space, including the lack of interoperability.

E Money Network’s integration with the Inter-Blockchain Communication (IBC) protocol allows inter-chain communication. This opens up a wide array of possibilities for developers, as they are not restricted to using a single blockchain to develop their application, but they can leverage the unique capabilities of multiple blockchain networks to create more versatile and powerful RWA-centric applications. Developers can pick and choose components from different blockchain systems and integrate them into their applications for greater utility and efficiency, and a richer user experience.

At the ecosystem level, interoperability fosters seamless liquidity for native crypto assets from the top crypto ecosystems (Ethereum, Avalanche, etc. ) within the E Money Network. The aggregation of liquidity from different sources contributes to greater market depth and efficient price discovery for RWAs will enhance the proficiency of the apps.

Furthermore, developers on E Money Network can tap into a larger user base by building applications with cross-chain interoperability support. This removes barriers to entry for users who are currently using other blockchain systems, but want to experience RWA-centric applications in the E Money Network ecosystem.

E Money Network Bridge Contracts

An important component of E Money Network’s IBC are its trustless bridges. E Money Network’s trustless bridges enable the transfer of crypto-assets over EVM chains, without the need for a centralised custodian. Using Chainbridge standard contracts, ERC20/EMYC20 handlers, Relayers and Generic handlers, tokens can be transported over EVM chains securely and efficiently. A bridge contract on each chain forms either side of the bridge.

• Handler Contracts: Handler contracts are customised to execute specific actions in regard to sending and receiving tokens across the bridge. For example, the contracts can be instructed to mint new assets on one end of the bridge, when assets on the other end get locked.

• Relayers: Relayers help in validating transfers across the bridge as they serve as distributed bridging authorities and event proposers (propose/execute).

• Generic Handlers: Generic handlers are highly customisable contracts that can be deployed to perform an array of functions such as bridging generic data or documents over different EVM chains.

Bridge contracts standards are a critical component for developers to build applications with interoperability support on E Money Network. To know more about E Money Network’s Bridge Contracts, check our technical documentation here.

EVM Compatibility & WASM Functionality

E Money Network prioritises developers with its wide range of features tailored to their needs. One of its most developer-friendly attributes is its EVM compatibility.

The Ethereum Virtual Machine (EVM) environment has the largest concentration of decentralised applications (dApps) owing to its Smart Contract functionalities, security and stability. The E Money Network is equipped with EVM compatibility which enables developers to import their existing applications or build new ones on E Money Network, thereby leveraging its network effects and liquidity worth billions of dollars.

Additionally, developers do not need to know Solidity, the native language of Ethereum, to code on the E Money Network. E Money Network is WASM-compatible, which allows developers to write code in different languages like C/C++, Java, Python, etc. and deploy it on the E Money Network.

EVM compatibility will benefit developers to build applications quickly and easily on E Money Network. This means that developers can accelerate their development cycles by utilising existing tools and resources, code libraries, modules, etc. without engaging in a steep learning curve.

E Money Network Software Development Kit (SDK)

E Money Network aims to abide by the developer-first approach and that’s where E Money Network SDK will come in. The E Money Network SDK, built on the Cosmos SDK framework, is a comprehensive and intuitive toolkit that allows developers to create efficient and robust applications with ease. Here are some of the features of the E Money Network SDK -

• Modular Design - The E Money Network’s SDK’s modularity enables developers to pick and choose specific functionalities to incorporate into their applications. Apart from choosing from standard readymade modules like governance, staking, locking and bank, developers can also build their own custom modules according to their needs. This flexibility enables the creation of highly customised and efficient applications.

• Tendermint Consensus: The E Money Network’s SDK leverages Tendermint, a Byzantine Fault Tolerance (BFT) consensus engine, to ensure security and reliability of blockchain transactions. With Tendermint, block finality is achieved instantaneously, ensuring that transaction data cannot be altered after confirmation.

• Cross-Chain Interoperability: The E Money Network SDK integrates seamlessly with IBC, enabling developers to build applications that can communicate with other IBC-compatible blockchains. Cross-chain interoperability fosters a more harmonised blockchain ecosystem, making it easier for developers to create more user-friendly and scalable applications.

• Development Tools and Resources: The E Money development team provides comprehensive documentation, tutorials, sample code and grants to help developers get started with the E Money Network SDK. Currently, developers can build apps on testnet by applying for grants. To know more about E Money Network’s grant program, click here to apply for grants and join our grant channel on discord.

E Money Network aims to be a developer-centric platform that not only provides the right tools to its developers, but it goes the extra mile to provide a holistic environment to create and test next-gen RWA-centric applications and further the progress of Web3.

Read our resources for more information:

Whitepaper: https://whitepaper.emoney.network/

Technical documentation: https://docs.emoney.network