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WETH

Chainlink

<p>Chainlink has just launched Transporter, a secure crypto transfer application across different blockchains. Based on Chainlink’s Cross-Chain Interoperability Protocol (CCIP), this solution promises to simplify and secure transactions across multiple networks.</p>
<h2 id="h-transporter-the-application-that-simplifies-and-secures-cross-chain-transfers">Transporter, the Application That Simplifies and Secures Cross-Chain Transfers</h2>
<p>Developed in partnership with the Chainlink Foundation and Chainlink Labs, the Transporter application provides a user-friendly interface that allows for easy transfer of tokens across 8 major blockchains, including Ethereum, Polygon, and Binance Chain.</p>
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<p>Users can thus monitor their transactions in real-time via Chainlink’s CCIP explorer, without any additional fees apart from those charged by CCIP service providers. The 24/7 support and visual tracking of key steps such as confirmation and finality bring peace of mind and transparency.</p>
<p>“<em>Having a secure way to move value and data between blockchains is something the industry has needed for years</em>,” <a href="https://blog.chain.link/transporter-launch/" target="_blank" rel="noopener noreferrer nofollow">states</a> Sergey Nazarov, co-founder of Chainlink. “<em>We anticipate that Transporter will make this more accessible.</em>”</p>
<h2 id="h-chainlink-pushes-boundaries-with-a-new-transfer-mechanism">Chainlink Pushes Boundaries with a New Transfer Mechanism</h2>
<p>At the heart of Transporter, the Chainlink CCIP protocol ensures the security of each transaction from end-to-end. Its robustness is based on the use of multiple decentralized oracle networks and an independent risk management system, thus eliminating any single point of failure.</p>
<p>To further enhance this security, Chainlink has subjected the CCIP code to rigorous audits. The company has also established configurable transfer rate limits per route and per token. The goal: to significantly reduce the risks of cross-chain transfer-related hacking, which represent nearly 50% of the hacks in the crypto universe.</p>
<p>Furthermore, Chainlink has improved CCIP with a new mechanism allowing for native ETH transfers via WETH token pools. A significant advancement for the protocol’s lock/unlock functions.</p>
<p>With Transporter and the ongoing evolution of CCIP, Chainlink sets the foundation for simple, transparent, and ultra-secure cross-chain interoperability. By reconciling security, simplicity, and innovation, the company lays the groundwork for a more interconnected blockchain ecosystem that is accessible to everyone.</p>

Crypto: Chainlink Revolutionizes Cross-Chain Transfers with Transporter

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