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DeFi News

Chainlink Claims Its CCIP Development Protects Against All Attacks

Chainlink’s Risk Management Network utilizes the same programming mechanics that are used in aerospace.

Written By Gopal Solanky
Published 2023-10-04
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Chainlink's Staking v0.2 Hits 19m LINK Capacity in 7 Hours

Decentralized oracle network Chainlink claims that its novel Risk Management Network is capable of protecting Cross-chain Interoperability Protocol (CCIP) against all kinds of security attacks.

While speaking at SmartCon 2023, Chainlink’s Head of Research and Development, Lorenz Breidenbach, said that the mechanics of the Risk Management Network utilize the N-version programming. 

"We don't really care how the adversary achieves the attack […] we can protect against all of them."

Chainlink Labs Head of R&D @ethlorenz explains how #CCIP and the Risk Management Network apply N-version programming, a security principle used widely in aerospace.

— Chainlink (@chainlink) October 3, 2023

“It (Risk Management Network) applies a principle from 80’s that’s been successfully used in other mission critical industry, like aerospace industry to cross chain protocols,” said Lorenz. 

Risk Management Network is a component of Chainlink’s Cross-chain Interoperability Protocol (CCIP) that is completely independent and built by a different team. It enhances CCIP’s security by providing secondary validation to detect malicious activity.

Chainlink launched CCIP on Base last week, which makes it easy for developers to build cross-chain applications while leveraging a high-speed and scalable infrastructure. 

Also Read: Chainlink Launches Low-latency Decentralized Oracle On Arbitrum

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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