Chainlink Introduces Cross-Chain Bridge Transporter Powered by CCIP Protocol
Chainlink, a leading project in the oracle machine industry, has launched a cross-chain bridge called Transporter today, based on its proprietary Cross-Chain Interoperability Protocol (CCIP). This is the first time that Chainlink has provided services specifically for general users, and it is expected to enhance the brand value of Chainlink.
Background: What is CCIP?
CCIP is a cross-chain messaging protocol introduced by Chainlink. It provides a transmission infrastructure for Web3 project teams based on the oracle architecture, enabling the secure integration of information from various networks.
CCIP can transmit diverse data
One of the unique features of CCIP is that it is based on Chainlink’s own oracle infrastructure, which eliminates the need for additional trust assumptions for cross-chain operations. Unlike most other cross-chain bridges that can only transfer token assets, CCIP can transmit a wider range of information, including NFTs, decentralized identities, liquidity within protocols, wallet signatures, and governance voting results.
For example, the governance module Aave Governance V3 of AAVE is based on the CCIP protocol. It transfers governance voting results from different blockchains to Ethereum for verification and sends the verification results back to the respective blockchains to trigger code updates by robots.
Transporter Introduction
Transporter is a cross-chain bridge introduced by Chainlink. It is built on the CCIP and provides services for general users. It ensures the security of Transporter based on CCIP.
Transporter can bring more brand value to Chainlink
The advantage of CCIP is that it can flexibly assist in the transmission of diverse data across different blockchain networks without increasing complexity and trust assumptions, thereby maintaining protocol security.
Chainlink’s CCIP network architecture primarily consists of message transmission routes, a Risk Management Network, a Decentralized Oracle Network (DON), and bilateral blockchain networks.
CCIP’s secure architecture includes:
– Decentralized Oracle Network: CCIP utilizes multiple independent decentralized oracle networks to enhance security. Each node has an independent key, ensuring the absence of a single point of failure.
– Independent Risk Management Network: CCIP has a risk management network constructed by different teams using different programming languages. This network can independently monitor and verify the CCIP network.
– Configurable Transmission Rate Limit: CCIP’s transmission facility provides project teams with customizable rate limits, limiting the total value of cross-chain transmissions within a specific time frame and reducing the impact in worst-case scenarios.
Chainlink expands its business scope to 2C cross-chain services by launching its own cross-chain bridge Transporter.
Transporter is a user-facing interface that is built on CCIP and Chainlink’s oracle network infrastructure. All Transporter transactions are protected by Chainlink’s CCIP, ensuring the security features mentioned above.
Transporter currently supports networks such as Ethereum, Arbitrum, Avalanche, BNB Chain, Base, Optimism, Polygon, and WEMIX.
The supported token types vary depending on the network, but most networks support ETH, USDC, and LINK. Some networks, such as ETHx and rsETH, support LRT. It is interesting to note that USDT is currently not listed as an option.
Transporter is not only a new service but also an expansion of business to general users for Chainlink. It is the first attempt to step into the B2B and infrastructure markets, and it is expected to see more services targeting general users in the future, bringing more brand value to Chainlink.
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Transporter
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