Chainlink CCIP v1.5 Goes Live On Mainnet
this chain link The CCIP v1.5 upgrade has just gone live on mainnet. The upgrade will focus primarily on its new CCT standard, which will be used primarily to provide developers with a wide range of new tools to integrate their token projects.
LINK is up nearly 7% today, however, the altcoin has seen a significant price correction over the past month.
Chainlink upgrades CCIP
chain link, Influential blockchain technology and infrastructure companieswhich has attracted widespread attention with its Cross-Chain Interoperability Protocol (CCIP).
For several months, the company Try to use CCIP to attract big customersand have seen Successfully attracted institutional investors. Now, a major new update has gone live on mainnet.
“Chainlink CCIP v1.5 upgrade is now live on mainnet for all developers. This version enables developers to cross-chain tokens in a self-service manner, deploying cross-chain tokens (CCT) across 20+ blockchains in minutes )etc.” claim on social media.
According to blog postal Chainlink’s CCIP v1.5 focuses on expanding the number of integrated tokens and making the protocol easier to use for developers.
It introduces the Cross-Chain Token (CCT) standard, aiming to make adding new tokens to CCIP easier than ever. Some Major networks have integrated Chainlink,CCT will improve these collaborations.
However, it is unclear whether this CCIP upgrade will Increase the price of Chainlink LINK token. its value The whole month of December was stagnant.and Chainlink’s latest major partners Haven’t stopped the recession yet.
LINK has seen a slight price increase since the company announced this latest upgrade, but it’s unclear whether this will create real momentum.
Chainlink also introduced several other new features in CCIP v1.5, but most of them are related to the new CCT standard. For example, it includes a new front-end web interface for developers to manage CCT tokens.
The new upgrade also introduces a way for developers to prove Token burning Or an event on the source chain before CCIP can mint or unlock tokens on the target chain. Ultimately, it’s unclear how much immediate success Chainlink will see from this CCIP update.
Nonetheless, the company has a vested interest in CCIP’s long-standing reputation as an industry standard, and these upgrades demonstrate that this goal remains a priority. Regardless of whether LINK rebounds quickly or not, Chainlink may not need to grow quickly here.
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