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Chainlink rolls out new version of its crypto bridge tech 'CCIP' to give apps more control over their security

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Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.

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Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Chainlink released the Cross-Chain Interoperability Protocol (CCIP) 2.0 on Monday, delivering a major upgrade to its communication and bridging infrastructure that enables different blockchains to communicate and swap funds.

Key facts

Summary

Chainlink released CCIP 2.0, which lets companies add their own security checks to transfers between blockchains on top of Chainlink's default 16-operator verifier network. The launch follows April's $292 million Kelp DAO hack, which was blamed on a LayerZero bridge setup that relied on a single verifier. Chainlink's Risk Management Network no longer works as a separate safeguard. It lets companies add their own security checks to those transfers, with the launch coming five months after the year's biggest DeFi hack, blamed on a rival bridge that relied on one of those checks.

Read full article at CoinDesk →

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