Chainlink Boosts Security and Banks Join Blockchain Ledger
Chainlink has released an upgraded version of its cross-chain bridge, called CCIP 2.0, which enables companies to add extra security checks to transfers between blockchains.
The upgrade comes five months after a $292 million hack on rival LayerZero's bridge, where attackers linked to North Korea's Lazarus Group drained funds from Kelp DAO.
CCIP 2.0 allows companies to choose additional verifiers, either running their own or hiring outside providers, which sit on top of Chainlink's default network of 16 independent node operators.
Chainlink has also announced a new framework that enables banks to connect to Swift's blockchain ledger through its Runtime Environment, called CRE. Banks will retain control over their transaction-signing keys under this setup.
The upgrades have sent LINK trading near $15.20, with one analyst predicting a possible move above $100 after years of consolidation.