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Chainlink launches CCIP 2.0 to give big crypto apps more control over their security
The upgrade lets companies add custom checks or outside verifiers as Chainlink seeks to reduce bridge risks after a $292 million Kelp DAO hack.
- On Monday, Chainlink released Cross-Chain Interoperability Protocol 2.0, a major upgrade enabling different blockchains to communicate and swap funds securely.
- The launch follows the year's biggest DeFi hack five months ago, when attackers allegedly linked to the Lazarus Group drained about $292 million from a Kelp DAO bridge running on LayerZero that relied on a single verifier.
- CCIP 2.0 allows companies to add custom security checks alongside Chainlink's network of 16 independent node operators, with options to hire external providers such as Infosys and Nethermind.
- Aave and Maple have already begun adopting features from the upgrade, while the Risk Management Network no longer serves as the primary safeguard for transactions.
- Johann Eid, Chainlink Labs' chief business officer, stated that "historically, legacy bridges have lost billions due to insecure infrastructure," emphasizing users need not be "cross-chain security infrastructure experts.
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GlobalFinTechSeriesChainlink Launches CCIP 2.0 to Maximize the Utility and Reach of Institutional Digital Assets Across Blockchains
Now live, CCIP 2.0 enables institutions to distribute tokenized assets across chains without rearchitecting their existing tech stack, launching with partners...
·Chicago, United States
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Cryptocurrency News | Cryptocurrency Prices | Market CapChainlink CCIP 2.0 Gives Institutions Their Own Cross-Chain Checkpoint
Chainlink launches CCIP 2.0 with custom verification, compliance controls and flexible finality for institutional assets across blockchains.
Chainlink presented CCIP 2.0, an update of its interchain infrastructure that incorporates independent verifiers, compliance controls and tools to facilitate integrations. The company states that the system secures more than $84 billion in token value.
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