Chainlink’s Cross-Chain Interoperability Protocol (CCIP) Goes Live on Base
Chainlink, the leading Oracle service provider, has announced the launch of its Cross-Chain Interoperability Protocol (CCIP) on Base, the Coinbase-incubated Ethereum layer-2 network. This integration allows developers on Base to access Chainlink’s secure and user-friendly interoperability protocol for building cross-chain applications and services.
This development follows the recent launch of Chainlink Price Feeds on Base, which provided developers with access to Chainlink Data Feeds and other Web3 services.
Benefits for Developers
The addition of CCIP on Base enables developers to securely build cross-chain applications and explore new use cases. With CCIP, developers can experiment further and leverage the benefits of interoperability between various blockchains and traditional Web2 applications.
Chainlink has already incorporated several blockchains into its protocol, including Ethereum, Polygon, Avalanche, Optimism, Arbitrum, and now Base.
Partnership Strengthens Blockchain Development
Johann Eid, Chief Business Officer at Chainlink Labs, emphasized that both Base and Chainlink are at the forefront of blockchain development. The collaboration aims to bring millions of new users into the industry by providing scalable layer-2 solutions and a growing number of Chainlink services for building innovative cross-chain applications.
CCIP: The New Standard for Interoperability
CCIP serves as a cross-chain communication protocol that enables interoperability between different blockchains and traditional Web2 applications. It has secured billions of dollars in assets and facilitated over $8 trillion in on-chain transaction value. Chainlink envisions CCIP as the “new gold standard” for cross-chain interoperability.
Hot Take: Chainlink Expands Reach with CCIP Integration on Base
Chainlink’s integration of its Cross-Chain Interoperability Protocol (CCIP) on Base further strengthens its position as a leading provider of secure and user-friendly solutions for building cross-chain applications. This partnership allows developers on Base to explore new use cases and leverage the benefits of interoperability between various blockchains and traditional Web2 applications. With CCIP, Chainlink aims to establish itself as the “new gold standard” for cross-chain interoperability, providing a scalable and technologically innovative solution for developers in the blockchain industry.
Source: CryptoPotato
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