Chainlink announced a major upgrade to the Cross-Chain Interoperability Protocol v1.5, now live on mainnet for all developers.
Chainlink Introduces CCIP v1.5
On January 15, the Chainlink team announced the Cross-Chain Interoperability Protocol v1.5 upgrade is now live on mainnet for all developers. This upgrade allows developers to take their tokens cross-chain in a self-serve manner and deploy Cross-Chain Tokens (CCTs) across more than twenty blockchains in minutes.
New CCT Standard
CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, which provides developers with full control, enhanced programmability, and zero-slippage transfers. Developers are not required to embed any CCIP-specific code into their token’s smart contract to utilize CCT. The upgrade also includes a CCIP Token Manager for streamlined deployment and management of CCTs.
LINK Price Increase
Chainlink’s native token, LINK, gained about 6% on the day to reach an intraday high of $20.60 during early trading in Asia on Wednesday. LINK has suffered a decline of approximately 30% over the past month, but buyers have again pushed its price back to resistance at $20.
The introduction of the CCT standard and the CCIP v1.5 upgrade offer developers new opportunities for integrating cross-chain functionality, fostering growth and popularity of Chainlink projects.
