Chainlink CCIP v1.5 Update Introduces the CCT Tokenization Standard, Enabling Self-Service, Control, Flexibility, and Security Features

Chainlink has introduced an update to the CCIP protocol to v1.5, which is now available on the mainnet for all developers on all major supported networks.

Chainlink has introduced an update to the CCIP protocol to v1.5, which is now available on the mainnet for all developers on all major supported networks. CCIP brings the CCT tokenization standard, enabling self-service, control, flexibility, and security features. It also brings handy tools for developers like CCIP Token Manager, CCIP SDK, and the updated CCIP Explorer.

Details on the Features and Benefits of Chainlink CCIP v1.5

CCIP is a Cross-Chain Interoperability Protocol that aims to become a universal solution for DeFi and TradFi and simplify and improve mass scaling of the number of integrated tokens.

This is made possible by the Cross-Chain Token (CCT) standard cross-chain native tokens provided by CCIP, which enable self-service deployment, full control and ownership for developers, and many other features for development and security.

Chainlink introduced the CCIP update to v1.5 on mainnet, improving and extending its capabilities to all developers across all supported networks, namely:

This provides features that make development and management much easier and more efficient:

Chainlink has also stuck to its style and paid special attention to additional security features:

Conclusion

Among more and more significant integrations – this is another very big infrastructure update from Chainlink that fundamentally improves the availability, resilience, and functionality required for the development and adaptation of the entire Web3.

LINK’s rise from $20.2 to $24.2 in the last few days looks extremely fair against such fundamental and consistent initiatives and provides a solid enough basis for a justified price for this asset.

However, it is still worth remembering that the technical component is far from the only one in shaping the price, and a myriad of factors can influence this, so be aware and stay tuned.

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