.Chainlink LINK price surges as key tool now live on mainnet
2/ Web3 today consists of hundreds of independent L1 chains, L2 rollups, appchains, sidechains, subnets, and more launching every week
To create a truly interoperable Web3 ecosystem, data and value needs to be able to move seamlessly between chainsThe emergence of CCIP will also help to mitigate the security challenges associated with cross-chain bridges in the Web3.0 world. With more than $2.6 billion exploited in DeFi bridges to date, the CCIP, with its advanced securities capabilities, will find robust use.
The creation of a sophisticated tool like the CCIP is expected to come with a complex user experience; however, the reverse is the case. The CCIP comes with a simple plug-and-play solution to transfer tokens on-chain. The protocol's advantages are innumerable, and other side perks include Timelocked upgradability, smart execution, Active Risk Management and programmable token transfers.
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Chainlink launches cross-chain protocol bridging blockchain to TradFiChainlink has launched its Cross-Chain Interoperability Protocol and several other top blockchains in order to serve as a bridge between the on-chain and off-chain worlds. Developers however won’t have access to CCIP until July 20.
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Chainlink Jumps 7% on Cross-Chain News, Bitcoin Slipped to 18-Day Low (Market Watch)LINK is among the few exceptions today in the green.
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