The Hedera network has officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on its mainnet, opening new horizons for decentralized applications and their interaction with other blockchains.
CCIP: A New Era for Hedera
The launch of CCIP provides a secure, developer-ready framework that allows Hedera-based applications to interact with over 46 other blockchains. This event was made possible through the support of the HBAR Foundation and Hedera’s participation in Chainlink’s Scaling program.
Cross-Chain Tokens on Hedera
One of the innovative capabilities of CCIP is the Cross-Chain Token (CCT) standard, allowing developers to create tokens that are interoperable across supported chains while retaining full control and ownership. By utilizing tools like Chainlink’s Token Manager, developers can manage tokens on Hedera and other supported chains without compromising security.
Hedera's Ambitions in DeFi and Tokenized Assets
With the launch of CCIP and Chainlink's SmartData tools, developers gain access to instruments that elevate DeFi and tokenized assets to the next level. The ERC-20 standard has been set as the default for assets bridged to and from Hedera, ensuring smoother integration with existing DeFi protocols.
The integration of CCIP into the Hedera ecosystem and the development of Libre Capital highlight a shift in how blockchain applications are built. The future focuses on cooperation and interaction between networks, ensuring broader access to liquidity and improved opportunities for developers.
