May 25, 2024
Altcoins News

Chainlink’s CCIP Goes Live: Early Access for Ethereum, Polygon, and More

Data provider Chainlink has successfully launched its Cross-Chain Interoperability Protocol (CCIP), which facilitates the creation of cross-chain applications and services. This protocol is now accessible to early-access users on several prominent blockchains, including Avalanche, Ethereum, Optimism, and Polygon.

Before its public release, CCIP underwent rigorous testing with the collaboration of 25 partners. As a result, decentralized finance leaders like Aave and Synthetix have emerged as early adopters of CCIP. The protocol’s capabilities will also extend to other significant decentralized finance protocols.

CCIP’s interoperability features have played a crucial role in Chainlink’s partnership with SWIFT, a closed network used by banks for international money transfers. This collaboration aims to connect numerous financial institutions to blockchain networks, with CCIP serving as the bridge for SWIFT to link with various blockchains. According to Sergey Nazarov, co-founder of Chainlink, this project holds the potential to connect all types of blockchains and bank chains.

The next stage of this collaboration with SWIFT will involve a pilot phase as Chainlink prepares to connect CCIP with different blockchains.

In its continuous effort to expand accessibility and adoption, CCIP will be made available to all developers across five testnets: Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai.

The current early access phase marks the beginning of CCIP’s transition towards mainnet general availability, where it will be fully live and accessible to all developers.

Image by Freepik

Related posts

BlackRock Is Close to Filing Bitcoin ETF Application

Cheryl  Lee

Vitalik Buterin’s Praise Propels ENS Token to 70% Surge

Harper Hall

Coinbase Advocates SEC Approval for Grayscale Ethereum ETF

Henry Clarke

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please enter CoinGecko Free Api Key to get this plugin works.