Hedera is ushering in a brand new period of blockchain growth with the rollout of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on its mainnet.
Because of this collaboration, builders will have the ability to create decentralized purposes that simply bridge Hedera with greater than 46 different blockchain networks, with further chains being added usually.
CCIP allows safe token, message, and motion switch between chains, opening up a world of potential to DeFi and real-world asset (RWA) tokenization.
This integration allows simpler migration of customers and liquidity from different chains into the Hedera community, supporting the expansion and adoption of the community’s DeFi instruments and tokenized belongings. This milestone follows Hedera’s continued collaboration with Chainlink.
Final yr, the HBAR Basis joined Chainlink’s SCALE program to offer builders on Hedera higher entry to Chainlink’s highly effective instruments. That features Chainlink’s trusted Knowledge Feeds and Proof of Reserve — and now, CCIP is the most recent addition.
CCIP is famous for its strong safety. It makes use of the identical expertise that beforehand enabled over $75 billion in DeFi exercise and over $20 trillion in on-chain transactions. It’s designed to be dependable, with no downtime, and to enhance over time.
One of many neat issues about it’s the Cross-Chain Token (CCT) normal. This lets builders create or hyperlink tokens on blockchains in a simple manner utilizing a instrument known as Token Supervisor — they usually keep full management over the tokens.
Greg Scullard from Hedera mentioned “safe blockchain interoperability is crucial” and shared that they’re “thrilled that Chainlink’s CCIP is now dwell on Hedera.” He known as it a “game-changing normal” that can assist builders construct highly effective cross-chain apps.
Thodoris Karakostas from Chainlink Labs mentioned they’re “excited to see the Chainlink normal for cross-chain interoperability dwell on Hedera mainnet.” He added that CCIP, together with Knowledge Feeds and Proof of Reserve, will assist “drive adoption” and develop Hedera’s DeFi and RWA ecosystems.
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