The move is expected to make it easier for developers to create cross-chain smart contracts.
Chainlink’s CCIP allows data to be moved across various blockchains.
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Posted April 24, 2024 at 12:00 pm EST.
Blockchain oracle network Chainlink announced on Wednesday that its cross-chain interoperability protocol (CCIP) has become available for all developers, marking the end of the early access stage of the protocol’s development. The move is expected to make it easier for developers to create cross-chain smart contracts.
Before the announcement, developers had to apply for early access to the mainnet of Chainlink’s CCIP by filling out a form composed of several questions, but now developers can use CCIP in a permissionless fashion.
Initially rolled out July 2023, CCIP enables developers to make cross-chain token transfers and allows them to send messages to smart contracts on different blockchains.
Read More: What Are Blockchain Oracles?
The announcement comes as CCIP generated roughly $474,000 in fees during 2024, data from a Dune dashboard created by Chainlink node operator LinkPool shows. The price of LINK, the native token for Chainlink, has decreased 2.6% in the past 24 hours to trade at $15.10, according to CoinGecko.
“CCIP is now starting to become the standard for both capital markets blockchain transactions across banks, as well as the way that secure Web3 cross-chain value and data is moved across public chains,” Sergey Nazarov, co-founder of Chainlink, said in a statement.
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- Source: https://unchainedcrypto.com/chainlink-opens-up-its-cross-chain-interoperability-protocol-to-all-developers/
