.chainlink has launched its Cross-Chain Interoperability Protocol on the ethereum, avax, 0xPolygonLabs, arbitrum and optimismFND testnets, which will help connect the on-chain world to the traditional financial system.
which is used by over 11,000 banks around the world to facilitate international payments and settlement.
In 2021 alone, the network settled about $1.8 quadrillion in transactions from over 11,000 member banks,A diagram depicting how financial institutions can use CCIP to transact on-chain.Source: Chainlink.on July 17 that CCIP aims to create a bridge the on-chain and off-chain worlds: “Just like key standards such as TCP/IP remade a fragmented early internet into the single global internet we all know and use today, we are making CCIP to connect the fragmented public blockchain landscape and the growing bank chain ecosystem into a single Internet of Contracts.”that can seamlessly transmit value between networks will be a critical building block for a blockchain-powered society, Nazarov added.
Among the other financial institutions exploring the use of Chainlink’s interoperability solution includes BNY Mellon, BNP Paribas, Citi, Australia and New Zealand Banking Group, Clearstream, Euroclear and Lloyds Banking Group, according to Chainlink.In addition to the five blockchains integrating CCIP, decentralized finance protocol AAVE is set to implement the interoperability solution, while decentralized derivatives platform Synthetix is already live on the CCIP mainnet.
The price of the Chainlink token, LINK, increased 9.7% to $7.27 over the past eight hours while the rest of the market remained relatively neutral,
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chainlink's Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes LiveThe chainlink interoperability protocol or “CCIP” is live for early-access users. Co-founder Sergey Nazarov told CoinDesk it’s “the standard that could connect all of the blockchain and all of the bank chains” $LINK camomileshumba reports
Read more »
Multichain Shuts Down Operations After CEO Detained | CoinMarketCapCryptoNews: Multichain (MULTI), a cross-chain bridge protocol, has announced the closure of its operations. 🧐
Read more »
The Texas Chain Saw Massacre Receives Bloody New TrailerCheck out the latest trailer for The Texas Chain Saw Massacre game, as Gun Media gives you a bloodier and grislier look at what's to come.
Read more »
The Gartner Supply Chain Symposium/Xpo™ 2024 conferenceGartner Supply Chain Symposium/Xpo provides CSCOs the opportunity to access expert guidance, actionable tools and peer insights to amplify their impact and lead business acceleration. Save the date for GartnerSC 2024: CSCO SupplyChain
Read more »
Terra (LUNA) Chain to Be Halted, Here's Why and When.terra_money Terra (LUNA) chain to be halted on this date, here's why LUNA TerraLuna
Read more »
Safe partners with Monerium for euro on- and off-chain paymentsSmart wallet provider Safe is partnering with stablecoin issuer Monerium for euro on- and off-chain payments.
Read more »