Shiba Inu, a popular meme coin ecosystem, has integrated Chainlink's Cross-Chain Interoperability Protocol, strengthening its market position.
Breaking Cross-Chain Barriers
The adoption of the Cross-Chain Token standard marks a pivotal moment for Shiba Inu and TURBO. Powered by Chainlink's CCIP, SHIB, BONE, LEASH, and TURBO tokens can now securely move across 12 blockchains, enabling TURBO to operate on BNBChain and Ethereum.
How It Works: Cross-Chain Transfers
The CCT standard employs Chainlink's CCIP mechanism, offering two key methods for cross-chain token transfers: A Lock-and-Mint Program for token transfers from Ethereum to other supported networks and a Burn-and-Mint Program extending token movement across all other networks.
Empowering Developers on Shibarium
Shibarium developers now have access to infrastructure fostering the creation of interoperable projects. Chainlink CCIP provides tools to develop secure dApps with reliable cross-chain functionality.
Integration with Chainlink offers new opportunities for Shiba Inu, enhancing transparency, decentralization, and security within the ecosystem for developers and users alike.
