The oracle Chainlink launches the cross-chain bridge Transporter based on the CCIP protocol! Expected to enhance brand value

Chainlink, a blue-chip oracle project, launched today’s cross-chain bridge Transporter based on its signature transmission protocol CCIP (Cross-Chain Interoperability Protocol). It provides services to general users for the first time and is expected to improve Chainlink Brand Value.

What is CCIP

CCIP is a cross-chain message transmission protocol launched by Chainlink. It can provide the transmission infrastructure designed by the Web3 project team based on the oracle architecture, and can integrate information from various networks more securely. .

CCIP can transmit a variety of data

The special thing about CCIP is that it is based on its own Chainlink oracle infrastructure. It can complete cross-chain without adding new trust assumptions, and it is different from ordinary cross-chain Most chain bridges can only transmit token assets, while CCIP can transmit more diverse information, including NFTs, decentralized identities, liquidity within the protocol, wallet signatures, governance voting results, etc., which can be used across chains.

For example, AAVE's governance module Aave Governance V3 is based on the CCIP protocol. It transmits the voting governance results on different blockchains to Ethereum for verification, and then transmits the verification results back to the blockchain. , to trigger a bot that updates the code.

The RPG game project KMON also recently announced that it will integrate the CCIP protocol so that game NFTs can be cross-chained to other networks without the need for the project team to build its own dedicated cross-chain bridge.

By integrating CCIP, the Ethereum domain ENS name can safely cross-chain its domain name to other networks. This mechanism is also touted by VItalik because of its security.

The advantage of CCIP is that it can more flexibly assist the transmission of diverse data in different blockchain networks without increasing complexity and trust assumptions, and maintaining protocol security.

CCIP Security

Chainlink CCIP network architecture can be mainly divided into message transmission route, risk management network (Risk Manage Network), decentralized Oracle Networks (Decentralized Oracle Networks, DON), and cooperate with the bilateral blockchain network.

CCIP protocol architecture

This architecture is the official source of CCIP’s solid security:

• Decentralized prophecy Machine network: CCIP uses multiple independent decentralized oracle networks to further enhance its security. Each node has an independent key to ensure that there is no single point of failure.

• Independent risk management network: CCIP has a risk management network constructed by different teams using different programming languages, which can monitor and verify the CCIP network completely independently.

• Configurable transmission rate limit: CCIP’s transmission facility provides a customizable rate limit for the project team to limit the total value that can be transmitted across the chain within a specific period of time, which can reduce The impact when the worst happens.

Chainlink launches its own cross-chain bridge Transporter

Transporter introduction

Chainlink launches its own cross-chain bridge Transporter through CCIP, officially expanding its business territory to 2C cross-chain services.

Transporter User Interface

Currently, the networks supported by Transporter include Ethereum, Arbitrum, Avalanche, BNB Chain, Base, Optimism, Polygon and WEMIX.

The types of tokens supported vary by network. Almost all of them support ETH, USDC, and LINK. Some networks support LRT, such as ETHx and rsETH. It can be seen that Chainlink intends to seize market hot spots and promote this service to General participants. But what’s interesting is that there is currently no option for USDT.

Transporter security is based on CCIP

Transporter is the front-end interface for interacting with users, and the underlying layer is the oracle network infrastructure based on CCIP and Chainlink. All Transporter transmissions are protected by Chainlink CCIP, so this cross-chain transaction has all the security features of CCIP mentioned above.

Transporter is a cross-chain bridge front-end interface based on CCIP

The most important feature of cross-chain bridge is security, which has not happened since CCIP has been running. Major security incidents do have great advantages for Chainlink to launch its own cross-chain bridge Transporter.

Transporter can bring more brand value to Chainlink

In addition to driving the adoption and popularity of CCIP, Transporter can also increase the brand value of Chainlink.

Transporter is not only a new service for Chainlink, but also expands its business territory to ordinary users. It is the first attempt to go beyond the B2B and infrastructure markets. It is expected to see more oriented services in the future. Services for general users are expected to bring more brand value to Chainlink.

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