The Blockchain market is not going to stop growing. Back in 2020, its size was estimated to be between 3 billion and 3.5 billion dollars. In 2027, it is expected to reach almost 70 billion. No one knows how far it is going to go in reality. However, the prospects are more than promising.
Such a horizon is a challenge. As the blockchain market is expanding and conquering new segments, it requires as much flexibility and adaptability as possible. Right now, according to Statista, the breakdown looks like this:
- Finance and banking account for one-third of the market
- Discrete and process manufacturing together cover over 22%
- Professional services rank third with almost 7%
- Retail makes up 6%
- Finally, other sectors, in all their multiplicity, amount for more than a third
What does this mean? It means that any viable blockchain-based solution needs to be capable of being integrated with countless blockchains. We realized the urgency of this problem long ago. After all, our key area of expertise is all about cryptocurrencies and tokens. Its heterogeneity, mobility, and complexity are very well-known.
Therefore, we developed Everchain SDK as a toolbox that could make the lives of crypto-wallet developers and owners (as well as users, enthusiasts, investors, etc.) much easier.
What Is Everchain SDK?
SDK, as we have already said, means Software Development Kit. As a generic term, it designates a set of tools that can be applied to any technology or platform. As for Everchain SDK, it is our in-house developed proprietary platform almost instantly compatible with over 50 blockchains (both crypto coins and tokens). Hence, it can be used for multi-currency crypto wallets.
While working on it, our team envisioned a single and convenient point of entry to numerous blockchain from wallets’ interfaces. In this capacity, it was intended to be used threefold:
- Generating crypto addresses for transactions
- Displaying balance and crypto transaction history
- Performing crypto transactions
The Idea of Everchain SDK as a Blockchain Solution
The Evercode Lab team hit on the idea of Everchain SDK while working on crypto wallets for Guarda and Atomic. As the development progressed, we needed to regularly add new blockchains to these projects. The main problem was that the wallets’ interface interacted differently with different blockchains. It was a constant source of inconvenience.
So We Decided to Streamline and Simplify the Process
In purely tech terms, Everchain SDK is just a library that can be integrated into your wallet. If it is, it will enable your wallet’s UI to interact with block explorers and nodes of various blockchains. How can you use it?
That is to say, node and block explorer URLs can already be found in the Everchain SDK. So, if you use it, you can start working with these blockchains with virtually no effort.
Previously, developers of multicurrency crypto-wallets were expected to spend roughly two years to develop the libraries needed to connect 50+ coins and tokens based on different blockchains. With Everchain, it is possible within 1-2 months.
As of now, the list available crypto assets looks like this: AYA, BEP-2 tokens, BNB, BTC, BCH, BTG, BSV, BTH, CLO, ADA, ATOM, DASH, DCR, DGB, DOGE, EOS, ELA, ETH, ERC20 tokens, ETC, EXP, GRS, NLG, ZEN, JOYS, KIN, KMD, LSK, LTC, XLM, XMR, XEM, NEO, ONT, QTUM, RVN, RDD, ROPSTEN, TRX, USDT token, XTZ, UBQ, VET, XVG, VTC, WAVES, XRP, YEC, XZC, ZEC.
The Evercode Lab team has just begun its blockchain journey. Everchain has already proven itself with such wallets as Guarda and Atomic. We are determined to make it even better and to start offering similar solutions to other industries in the future.