Ronin Network adopts Chainlink CCIP to strengthen cross-chain security

Ronin Community right this moment introduced that it has chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to strengthen the safety of the Ronin Bridge and thus enhance the community’s cross-chain infrastructure.

The adoption adopted a three-stage aggressive choice course of, which ended with Chainlink outperforming different candidates, LayerZero and Axelar.

Ronin’s bridge validators selected Chainlink’s CICIP for its sturdy safety features. The protocol presents a number of Decentralized Oracle Networks (DONs), an unbiased Threat Administration Community, and different safety measures that considerably scale back the chance of assaults and vulnerabilities.

“Safety was a very powerful think about deciding which cross-chain protocol would safe the way forward for the Ronin ecosystem,” mentioned Phuc Thai, principal researcher at Sky Mavis. “Along with cross-chain interoperability, we’re wanting to work on integrating Chainlink’s suite of oracle companies that can function a key basis for the subsequent part of DeFi progress on Ronin.”

The combination will start with assist for bridge transfers between Ethereum and Ronin, with the intention of a seamless migration within the coming months.

Quite a few main monetary establishments and market infrastructure suppliers have adopted Chainlink’s CCIP to reinforce their operations, enhance interoperability between private and non-private blockchains, and facilitate the safe switch of tokenized property.

Key companions embody BNY Mellon, Citi, Euroclear, Lloyds Banking Group and Deutsche Financial institution-backed Taurus SA, to call a couple of. The answer can also be trusted by a number of blockchain initiatives reminiscent of ZKsync, Sonic Labs and Celo.

“Safe interoperability enabled by CCIP will allow the Ronin neighborhood to take full benefit of the multi-chain panorama and speed up the adoption of Web3 gaming,” mentioned Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.