Chainlink launches cross-chain bridge Transporter based on CCIP protocol

The oracle blue-chip project Chainlink, based on its proprietary transmission protocol CCIP Cross-Chain Interoperability Protocol, today launched the cross-chain bridge Transporter, providing services for general users for the first time, potentially enhancing the brand value of Chainlink.

Background: What is CCIP

CCIP is a cross-chain messaging protocol launched by Chainlink, which provides Web3 project teams with a transmission infrastructure designed based on the oracle framework, enabling safer integration of information across various networks.

CCIP Enables Diverse Data Transmission

What sets CCIP apart is its utilization of Chainlink's oracle infrastructure, allowing for cross-chain transactions without the need for additional trust assumptions. Unlike typical cross-chain bridges that mainly transmit token assets, CCIP can transfer a wider range of information, including NFTs, decentralized identities, liquidity within protocols, wallet signatures, governance voting results, and more.

For example, Aave's governance module, Aave Governance V3, is based on the CCIP protocol. It transfers governance voting results from different blockchains to Ethereum for verification, then returns the verification results back to the respective blockchain to trigger the update of the code by robots.

The RPG game project KMON recently announced its integration of the CCIP protocol, allowing the game's NFTs to cross-chain to other networks without the project having to build a dedicated cross-chain bridge.

By integrating CCIP, Ethereum Name Service (ENS) can securely cross-chain its domain names to other networks. This mechanism, known for its security, has also garnered praise from Vitalik.

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The advantage of CCIP lies in its flexibility to assist in the transmission of diverse data across different blockchain networks without adding complexity or trust assumptions, maintaining protocol security.

CCIP Security

The Chainlink CCIP network architecture can be mainly divided into message transmission routes, Risk Management Network, Decentralized Oracle Networks (DON), and dual-blockchain networks.

This architecture ensures the solid security of CCIP:

• Decentralized Oracle Networks: CCIP utilizes multiple independent decentralized oracle networks to further enhance its security, with each node having its own key to ensure no single point of failure.
• Independent Risk Management Network: CCIP has a risk management network constructed by different teams using different programming languages, allowing for independent monitoring and verification of the CCIP network.
• Configurable Transmission Rate Limits: Within CCIP's transmission infrastructure, project teams can set customizable rate limits to restrict the total value of cross-chain transmissions within a specific period, reducing the impact in worst-case scenarios.

Chainlink Launches Its Own Cross-Chain Bridge, Transporter

Introduction to Transporter

Chainlink introduces its own cross-chain bridge, Transporter, through CCIP, officially expanding into 2C cross-chain services.

Currently, Transporter supports networks such as Ethereum, Arbitrum, Avalanche, BNB Chain, Base, Optimism, Polygon, and WEMIX.

The supported token types vary by network, with most supporting ETH, USDC, LINK, and some networks supporting LRT, such as ETHx and rsETH. This move indicates Chainlink's intent to capitalize on market trends and offer this service to general participants. Interestingly, the option for USDT is currently absent.

Detailed explanation of liquidity and collateral token LRT project's opportunities and risks

Transporter Security Based on CCIP

Transporter serves as the frontend interface for user interaction, built on the foundation of CCIP and Chainlink's oracle network infrastructure. All Transporter transactions are protected by Chainlink CCIP, ensuring that these cross-chain transactions possess all the security features of CCIP mentioned above.

Security is paramount for cross-chain bridges, and since the inception of CCIP, there have been no significant security incidents, providing a considerable advantage for Chainlink's introduction of its own cross-chain bridge, Transporter.

Transporter Enhancing Chainlink's Brand Value

Transporter not only drives the adoption and visibility of CCIP but also enhances Chainlink's brand value.

The significance of Transporter for Chainlink lies not only in being a new service but also in expanding its business to general users. This marks the first attempt to step into the B2B and infrastructure markets, with expectations of seeing more services tailored towards general users in the future, potentially bringing more brand value to Chainlink.