Chainlink launches new version of its crypto bridge tech 'CCIP' to give apps more control over their security
The new software lets companies add custom security checks so they do not fall victim to the same type of vulnerabilities that plagued rival bridges.
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.
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 just one of those checks.
Chainlink is best known as an oracle network, feeding blockchains outside data such as asset prices that lending and trading apps depend on. CCIP, first launched in 2023, extends into moving tokens and messages between chains.
Like LayerZero, CCIP 2.0 lets companies choose extra verifiers, running their own or hiring outside providers such as Infosys and Nethermind. Unlike Kelp's setup, though, those sit on top of Chainlink's default network of 16 independent node operators, which must reach a quorum on every transfer.