Shiba Inu, one of the most popular meme coins, has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP). This move allows SHIB, BONE, and LEASH tokens to adopt the Cross-Chain Token (CCT) standard.
Breaking Cross-Chain Barriers with Chainlink CCIP
The adoption of the CCT standard marks a significant milestone for Shiba Inu and TURBO. By leveraging Chainlink’s CCIP, SHIB, BONE, LEASH, and TURBO tokens can now be transferred securely across 12 blockchains. Shiba Inu has also integrated Chainlink CCIP as its main infrastructure for cross-chain applications in Shibarium.
How Cross-Chain Transfers Work
The CCT standard employs Chainlink’s CCIP mechanism, enabling two key methods for cross-chain token transfers: the 'Lock-and-Mint' Program and the 'Burn-and-Mint' Program. These mechanisms ensure security, reliability, and interoperability, setting a new benchmark for blockchain token transfers.
Empowering Developers on Shibarium
Shibarium developers now have access to infrastructure fostering compatible projects. Chainlink CCIP provides tools for developing secure, feature-rich decentralized applications with reliable cross-chain functionality.
The integration of Chainlink CCIP and Data Streams provides an essential foundation for the future development of the Shibarium network, supporting innovations and the growth of efficient and secure DeFi markets.
