Chainlink has launched a bridge using its CCIP tech to securely transfer a large value of tokens and critical messages across blockchains. The bridge is available for both individual users and institutions, providing a cost-efficient way to make high-value token transfers with peace of mind. The first available blockchains for the bridge are Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.
The bridge uses Chainlink 's CCIP tech, which is used by SWIFT, to move a large value of tokens and critical messages safely across blockchains. Chainlink 's bridge is available for both individual users and institutions and aims to allow"a cost-efficient way to make high-value token transfers across blockchains with peace of mind," a Chainlink spokesperson explained in an interview on Telegram.
The first available blockchains for Transporter are Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX, the press release said. The release marks the entrance of the crypto world's key software platform that connects blockchain rails with external data – or oracle service – to the fast-growing sector of blockchain bridges. As the digital asset economy mushrooms,serve a crucial role in connecting the ever-increasing number of individual blockchain rails, allowing the transfer of value and data between them. Existing bridges transferred some $12 billion worth of assets across chains through last month,"Having a secure way to move both value and data across chains is something the blockchain industry has needed for years," Chainlink co-founder Sergey Nazarov said in a statement."Transporter makes it easier to utilize the security benefits of Chainlink's CCIP for the transfer of large token value and critical messages across chains."The platform also offers global support and a real-time visual tracker to follow the status of transfer between chains. It charges the regular fee of using CCIP, which covers the cost of executing the transaction on the destination blockchain and the fees paid to CCIP service providers. "I expect that Transporter will quickly establish itself as the standard for cross-chain enablement for high-value use cases,” said Nomatic, an investor at venture capital firm Fourth Revolution Capital, which was one of the early users of the bridge.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Chainlink Bridge Token Transfers Blockchains CCIP Tech Secure Individual Users Institutions Cost-Efficient High-Value Arbitrum Avalanche Base BNB Chain Ethereum Optimism Polygon WEMIX
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