Ondo

Token

Chainlink

<div class="insidebitcoins">
 Blockchain oracle provider Chainlink unveiled a new bridge application called “Transporter” that allows users to transfer virtual assets and information across multiple blockchain networks.
 The bridge will be made available to both individual users and institutions, and is compatible with Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Polygon, Optimism and WEMIX, it said in a blog post.
 Chainlink said that the application will enable “a cost efficient way to make high-value token transfers across blockchains.”<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="What Is Chainlink (LINK) and How Does It Work?" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/12/8c4cda57d0ebbc16af8ac0cb93228877.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2024/04/12/8c4cda57d0ebbc16af8ac0cb93228877.webp" alt="What Is Chainlink (LINK) and How Does It Work?">
 </noscript>
 <h2 id="span-style-font-weight-400-chainlink-moving-into-the-burgeoning-blockchain-bridging-sector-span">Chainlink Moving Into The Burgeoning Blockchain Bridging Sector</h2>
 Chainlink’s application serves as the company’s entrance into the growing blockchain bridging sector. With the blockchain and Web3 space expanding, the need for a simple solution that can act as an information channel between networks and decentralized applications has grown. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are excited to introduce @transporter_io, the next evolution in <a rel="noopener noreferrer nofollow" title="cross" href="https://thebittimes.com/tag/cross.html">cross</a>-<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> bridging, powered by #Chainlink CCIP.
 Transporter is your gateway to the multi-<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> universe.
 Cross chains with confidence: https://t.co/OJ9XWcAy4F pic.twitter.com/ANNWiFfXdC
 — Chainlink (@chainlink) April 11, 2024
 </blockquote>
 
 Chainlink’s application is not the first to enter the market. Existing bridges have transferred around $12 million in the past months, according to data from DefiLlama. As such, the protocols have become popular targets for hackers, putting users’ funds at risk.
 “Having a secure way to move both value and data across chains is something the blockchain industry has needed for years,” said Chainlink co-founder Sergey Nazarov.
 <h2 id="span-style-font-weight-400-ccip-the-foundation-of-chainlink-s-transporter-span">CCIP The Foundation Of Chainlink’s Transporter</h2>
 The transporter was built on top of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which has been a pivotal component of the company’s partnership with SWIFT. “Transporter makes it easier to utilize the security benefits of Chainlink’s CCIP for the transfer of large token value and critical messages across chains,” Nazarov said.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 #Chainlink CCIP now supports the cross-chain transfer of native ETH, starting with support for @ethereum, @arbitrum, and @Optimism.
 Alongside this upgrade, a new pricing model has also been introduced to accelerate the growth of the <a rel="noopener noreferrer nofollow" title="cross" href="https://thebittimes.com/tag/cross.html">cross</a>-<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> economy.https://t.co/YVrO4gps1z
 — Chainlink (@chainlink) April 11, 2024
 </blockquote>
 
 Transporter also comes with real-time visual trackers to follow assets and information transferred between chains. CCIP’s regular fee is charged, and then split into two parts. One portion of the fee is used for network fees on the desired chain, with the rest paid to CCIP service providers.
 Meantime, a meme coin presale project called Dogeverse&nbsp;is aiming to introduce a level of utility to the Dogecoin brand with the launch of its bridging technology.
 Currently providing support for ETH, BNB Chain, Polygon and Avalanche, the project will soon connect to Base and Solana as well.
 Investors have been flocking to Dogeverse’s presale, as it charges towards $3 million raised in less than four days since its launch.
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
 <ul>
 <li style="font-weight: 400;">Multichain Meme Coin Debutant Dogeverse Raises $1 Million In Just Two Days Of Presale</li>
 <li style="font-weight: 400;">Ondo Price Prediction: ONDO Soars 4% As Ondo Finance Converts Between USDC And BlackRock’s BUIDL, And This ICO Gives Traders A Last Chance To Buy</li>
 <li style="font-weight: 400;">Upcoming Crypto Presales: Unlock Early Investment Opportunities!</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-unveils-new-bridge-application-for-large-token-transfers-across-blockchains-tbt85179.html">https://thebittimes.com/chainlink-unveils-new-bridge-application-for-large-token-transfers-across-blockchains-tbt85179.html</a>
</div>

Chainlink Unveils New Bridge Application For Large Token Transfers Across Blockchains

Table of Contents

TheBitTimes

Other articles published on Apr 12, 2024

Bitcoin and Altcoin Markets Rocked by Sudden Price Movements

SBF’s Legal Battle: Cryptocurrency’s Crucible of Justice

Can Sponge Token Repeat its Explosive Growth with Sponge V2?

Ethereum Layer-3 Altcoins Have ‘Serious 100x Potential’, Says Coin Bureau’s Guy Turner – Here Are...

NFTs Attempt Another Comeback – NFT Trading Sales Volume Jumps 46% This Week

UK and Republic of Korea Collaborate on AI Summit

Join our free newsletter for daily crypto updates!