In order to improve interoperability between blockchains, Chainlink (LINK) launched its new bridge: Transporter. Currently, the app allows moving assets across 8 networks. Let’s take a closer look.
Chainlink (LINK) launches its Transporter bridge
Thursday, leader of the crypto-oracles Chainlink (LINK) introduced its new product: a bridge called Transporter. The latter is built on its technology stack “Chainlink Cross-Chain Interoperability Protocol» (CCIP), which is already used in several of its applications, as demonstrated by a partnership with Circle earlier this year.
👉 Go further — What is Chainlink (LINK)?
For now, ETH, USDC as well as LINK can be moved using Transporter through the following blockchains:
- ethereum;
- Arbitration;
- Avalanche;
- BNBChain;
- Base ;
- Polygon;
- Optimism;
- WEMIX.
Therefore, Chainlink is now inviting developers who want to integrate Transporter into their own applications to get in touch.
While bridges may be an “easy” target for hackers, the company emphasizes the importance of developing these technologies:
In an industry defined by hundreds of blockchains, layer 2s, sidechains, appchains, etc., there is an urgent need for a universal standard for cross-chain connectivity. Solving this problem is not easy: almost 50% of all value hacked in Web3 is due to cross hacks.
Today, many bridge technologies compete with each other and it will be interesting to see to what extent one or the other gains the upper hand in the coming years.
👉 How to buy LINK token from Chainlink?
Chainlink’s LINK is trading at $17.82 per unit at the time of writing, up 2.37% in 24 hours. In terms of capitalization, it is 10.5 billion dollars, which is the 16th place in the ranking.
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Source: Chainlink
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I timidly discovered the world of blockchain at the end of 2018 in my quest for financial freedom. At first I invested moderately, but it was not until two years later that I bet everything on the movement that was then taking shape. I will dedicate 2021 to better training to gain more knowledge and seriousness. As I often say: I still have a billion things to learn. And what I know, I want to share with you.
Vincent Maire
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