Chainlink has taken a significant step forward in its mission to boost blockchain interoperability in the crypto ecosystem with the launch of the latest version of its Cross-Chain Interoperability Protocol (CCIP).
According to a statement from the Ethereum-based blockchain oracle platform, the upgrade, known as CCIP v1.5, offers developers enhanced tools for managing and deploying tokens across multiple blockchains.
One of the key features introduced alongside the upgrade is the Cross-Chain Token (CCT) standard. Chainlink claimed that this new standard enables seamless creation and transfer of tokens across more than 20 blockchains. CCTs provide developers with full control over their tokens, offering benefits such as enhanced programmability, zero-slippage transfers, and the ability to operate independently of CCIP-specific code in smart contracts.
The upgrade also includes a Token Manager, an intuitive interface designed for easy management of CCTs, and the integration of “Smart Accounts” with multi-signature approval processes for added security in token transactions.
Chainlink announced that the CCIP v1.5 went live on January 15, 2025.
Zach Rynes, a Chainlink community ambassador, reported testing the system by creating and transferring a Cross-Chain Token named CLG between layer-2 networks Base and Arbitrum within minutes.
The standard is expected to simplify the tokenization process and allow for faster and more efficient deployment of cross-chain assets.
“Fully permissionless and no coding required,”
Rynes wrote in a January 15 X post, highlighting the ease of using the new tools.
This new upgrade and the new features build on Chainlink’s previous moves to enhance the protocol’s privacy features. In October 2024, Chainlink introduced two critical privacy-preserving features designed to safeguard sensitive data during blockchain interactions, one of which was the CCIP Private Transactions, an encryption protocol ensuring privacy during cross-chain transactions. The other feature was the Blockchain Privacy Manager, which enables financial institutions to integrate private chains seamlessly with the public Chainlink platform, allowing for secure, confidential transactions.
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