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Cryptocurrency News Articles
Alaska Gold Rush Integrates Chainlink CCIP to Enable Secure Cross-Chain CARAT Transfers
Jun 30, 2024 at 03:00 pm
Alaska Gold Rush has announced the integration of Chainlink CCIP, the industry standard for safe cross-chain interoperability, between the BNB Chain and Polygon mainnets.
Alaskan Gold Rush, a Chainlink BUILD project, has announced the integration of Chainlink CCIP (Cross-Chain Interoperability Protocol) on BNB Chain and Polygon mainnets.
This integration will enable the transferability of CARAT, the in-game token for Alaska Gold Rush, across BNB Chain and Polygon.
Chainlink CCIP is the industry standard for secure cross-chain interoperability, boasting the highest level of cross-chain security in the market at level-5.
It is the only interoperability solution to achieve this level of security, ensuring that cross-chain transfers are protected against a wide range of threats.
Additionally, CCIP is supported by the Chainlink Risk Management Network, a decentralized network that autonomously monitors and attests cross-chain transactions for any suspicious activity.
Alaska Gold Rush selected Chainlink CCIP due to its unmatched track record of meeting the stringent security and reliability requirements in the blockchain industry.
CCIP is the only interoperability solution to achieve level-5 cross-chain security, and it’s further supported by the Chainlink Risk Management Network, an autonomous network that monitors and attests cross-chain transactions for any suspicious activity.
This level of protection is crucial, considering the historical industry vulnerabilities and billions of dollars in user funds lost due to insecure cross-chain infrastructure.
After evaluating several options, Alaska Gold Rush found that Chainlink CCIP offered the necessary features and benefits.
“Defense-in-depth security measures provide multiple layers of protection to safeguard cross-chain transactions,” said Rafał Koczan, CEO of Alaska Gold Rush.
“Moreover, the extensibility and future-proof nature ensures that the system can adapt to future technological advancements, the scalable architecture allows the system to handle increasing loads and demands, and the seamless integration enables smooth and efficient integration with our existing systems.”
Moving forward, Alaska Gold Rush also plans to integrate Chainlink CCIP to enable secure cross-chain transfers within an on-chain NFT marketplace.
This strategic move will enhance the platform’s security and reliability, opening up new possibilities for users to leverage its services.
“We’re excited to integrate the industry-standard Chainlink CCIP to enable secure cross-chain transfers of our in-game CARAT token,” said Rafał Koczan.
“Chainlink’s unmatched security and performance are critical to our ability to scale across the multi-chain ecosystem and accelerate the mass adoption of Web3 gaming.”
At the time of writing, Chainlink’s token (LINK) is trading at $13.77, according to data from CoinMarketCap.
The token experienced a slight decrease of 4.11% in the past 24 hours, but it maintained an overall increase of 1.16% over the last seven days, indicating a bullish trend in the market’s sentiment towards Chainlink’s technology and role in enhancing blockchain interoperability.
In related news, CNF reported on Chainlink’s support for secure cross-chain swaps via ChainSwap, further solidifying its position as a reliable and secure blockchain solution provider.
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