Chainlink’s Cross Chain Protocol Goes Live On Base: Here’s The Latest
Blockchain oracle network Chainlink has integrated its Cross-Chain Interoperability Protocol (CCIP) on the Coinbase layer 2 network, Base.
According to a Sept 27 press release, the cross-chain interoperability protocol is now live on Base giving the network’s developers access to the whole structure for building web3 products and services.
With the integration, creators can utilize smart contracts to build decentralized applications (dApps) that can host multiple networks at once, sending messages transferring tokens across chains, and initiating transactions.
The protocol relies on Chainlink’s oracle network with a developer’s claim of facilitating transactions worth a total of $8 trillion in on-chain value.
Johann Eid, Chief Business Officer at Chainlink Labs hailed the partnership as both firms have utilities drive more adoption in the crypto ecosystem leveling on their innovative products in the last few months.
“With CCIP now live on Base, developers have access to the leading interoperability protocol to easily build cross-chain applications and services. Base and Chainlink are both building on the forefront of blockchain development as we work to bring the next wave of millions of new users into our industry. The scalability and technological creativity of Base as a layer 2 solution, combined with an ever-increasing number of Chainlink services, is a boon for developers looking to build the next generation of cross-chain applications and services."
On his part, Jesse Pollak the creator of Base described the integration as a move to enable developers to unlock new use cases. “We're excited about the launch of CCIP on Base to let developers securely build cross-chain applications, empowering them to experiment further
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