Chainlink Launches Cross-Chain Interoperability Protocol

Written By:
Brian Mutembei

Chainlink Launches Cross-Chain Interoperability Protocol

Chainlink, the pioneer in the decentralized computing industry, announced publicly the General Availability (GA) of its Cross-Chain Interoperability Protocol (CCIP). This update encourages wide implementation, allowing developers to securely perform cross-chain transactions and interact with smart contracts without any restrictions.

CIP now serves as the main driver behind the multi-chain solution, which covers Ethereum, BNB Chain, Arbitrum, and Polygon, and is expected to have broader coverage in the future. CCIP enables the exchange of tokens among different blockchains and smart contracts as it captures assets and programs using features like Programmable Token Transfers.

The decentralized finance network has been updated with a new secure bridging application called Transporter, along with support for popular assets such as USDC and native ETH. Leading platforms like Aave and WEMADE have integrated CCIP into their infrastructure, taking advantage of its high security for their cross-chain operations. 

As CCIP enters various Web3 ecosystems, Chainlink is working on improving the protocol and the network’s ecosystem features.

Also Read: Chainlink CCIP Revenue Skyrockets 180% Amid Massive Adoption



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Brian is a content writer& Blockchain enthusiast. Writes extensively on blockchain, cryptocurrency, and tokens to spread knowledge and awareness.