Ronin embraces Chainlink’s CCIP for secure cross-chain gaming future

Ronin has built-in Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance the safety of its cross-chain bridge, based on an October 10 assertion shared with CryptoSlate.

Ronin defined that each one crypto presently bridged utilizing the Ronin Bridge will transition to CCIP for native cross-chain transfers.

The community will initially assist transfers between Ethereum and Ronin. Your complete migration course of is predicted to take two to a few months.

Why CCIP?

Ronin revealed that it performed a radical choice course of, contemplating LayerZero and Axelar earlier than selecting Chainlink’s CCIP as its major cross-chain infrastructure.

Based on Ronin, CCIP was chosen for its superior safety, which is achieved by a number of decentralized Oracle Networks (DONs), an impartial danger administration community, high-performance node operators, and extra safety measures similar to fee limits and time-bound upgrades. .

The blockchain gaming platform defined that the CCIP integration is predicted to considerably improve the safety of property transferred to the Ronin community. Moreover, it’ll enhance the person expertise and release sources to speed up Ronin adoption.

Sky Mavis lead researcher Phuc Thai mentioned Chainlink’s CCIP safety and reliability made it an apparent alternative for the gaming community. Thai added:

“Along with cross-chain interoperability, we’re wanting to work on integrating Chainlink’s suite of oracle providers that can function a key basis for the subsequent section of DeFi progress on Ronin.”

Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, additionally expressed his pleasure in regards to the transfer, saying:

“CCIP will allow the Ronin group to take full benefit of the multi-chain panorama and speed up the adoption of Web3 gaming.”

Ronin’s safety challenges

The partnership follows a latest white-hat Most Extractable Worth (MEV) $10 million exploit on the Ronin Community, which compelled the community to droop operations and renewed issues round bridge safety.

In 2022, the community suffered one of many largest hacks in crypto historical past, shedding greater than $600 million in property. Since then, Ronin has labored to strengthen safety, transferring to a specialised bridging answer and auditing two third-party firms to enhance resilience.

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