Chainlink Unveils CCIP v1.5 Update, Enhancing Cross-Chain Tokens

user avatar

by Giorgi Kostiuk

2 years ago

Chainlink officially launched the CCIP v1.5 upgrade on the mainnet. This major enhancement allows developers to interact more easily with cross-chain tokens, providing new tools for seamless integration and deployment across multiple blockchains.

Key Features of CCIP v1.5

A pivotal feature of the CCIP v1.5 upgrade is the introduction of the Cross-Chain Token (CCT) standard. This allows token developers to integrate both new and existing tokens into the Cross-Chain Interoperability Protocol without the need to include CCIP-specific code in the token contracts.

Self-Serve Deployment and Customization

With the new upgrade, developers have the opportunity to deploy pre-audited token pool contracts to convert any ERC20-compatible token into a CCT.

Expanding USDC Access

Alongside the v1.5 upgrade, CCIP is expanding its support for Circle’s Bridged USDC Standard. This is essential for addressing liquidity fragmentation in the multi-chain ecosystem.

The release of CCIP v1.5 marks a significant milestone for Chainlink in solidifying its position within the crypto space. New features and partnerships facilitate broader adoption of their technologies.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.