$94,008.00
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0.84%$3.16
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2.48%$0.999838
0.03%$29.03
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0.00%$12.71
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0.28%$0.729182
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0.06%$0.00001874
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0.39%$0.448758
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2.67%$0.01766069
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0.41%$0.999784
0.01%$1.35
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7.62%$2,002.93
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2.26%$93,902.00
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0.42%$0.594468
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0.45%$0.145391
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1.39%$0.536174
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0.02%$0.00871765
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16.55%$1,878.70
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10.01%$1,765.64
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4.98%$0.139741
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14.77%$0.00322126
-9.36%$0.704553
-3.46%$1.00
0.03%$93,890.00
-1.22%Reading
Blockchain oracle platform Chainlink has extended its cross-chain capabilities to Coinbase-incubated Ethereum layer-2 network Base.
According to an announcement shared with Decrypt, Chainlink has enabled the Cross-Chain Interoperability Protocol (CCIP) on Base. CCIP is a cross-chain communication protocol for different blockchains and traditional Web2 applications like SWIFT’s payment system.
The protocol enables the development of cross-chain applications that can send messages, transfer tokens, and initiate actions across blockchains.
Chainlink also serves as the primary oracle for the Base network.
The announcement added that projects including Raft, Nuon, Folks Finance, Polychain Monsters among others are already integrating CCIP on Base.
Johann Eid, chief business officer at Chainlink Labs, said in a statement that following the launch, “developers have access to the leading interoperability protocol to easily build cross-chain applications and services.”
Base creator Jesse Pollak added that the launch will let developers "securely build cross-chain applications, empowering them to experiment further and unlock new use cases.”
Coinbase Chief Legal Officer talks to Decrypt's Andre Beganski about the recent Uniswap court ruling, tokenizing its Base L2, and the company's own battle for clearer regulations in the U.S..
Chainlink debuted CCIP in July this year and has so far integrated Ethereum, Avalanche, Polygon, Arbitrum, and Optimism to the protocol, with Base becoming the sixth addition to the lineup.
The CCIP protocol has been implemented across ten applications since then and has generated a revenue of over $86,000, according to a Dune dashboard.
The firm has also successfully experimented with SWIFT-based payments from top banks including Citi and BNY Mellon to various blockchains.
Cryptocurrencies have failed to deliver on their promises, cryptography pioneer Adi Shamir suggested at the RSA Conference in San Francisco, California, on Tuesday. "My personal opinion is that the world would have been better without cryptocurrencies," he told attendees of an expert panel at the conference, per an initial report by The Register. Shamir, co-inventor of the RSA encryption algorithm, was unequivocal about his position. While praising Satoshi Nakamoto's seminal whitepaper on Bitco...
Bitcoin developers are debating a proposal that could fundamentally change what the alpha crypto and network is used for, dividing the community between those who see it as necessary progress and others who fear it threatens Bitcoin's core purpose. At issue is a technical change called "removing OP_RETURN limits." If approved, it would allow people to store much larger amounts of non-financial data directly on the Bitcoin blockchain, for use in things like text and images. The issue Currently, B...
Scroll said Monday it has become the first Ethereum Layer 2 using zero-knowledge proofs to reach a critical development stage, allowing users to post transactions without relying on a central operator. In a post to X, Scroll touted its advances in security, scalability, and decentralization after claiming the project had reached “Stage 1” in its development. “While Scroll has always had a fully functional zk proof system, users previously had to trust the centralized sequencer to avoid censorshi...
