Chainlink has released CCIP 2.0, updating its cross-chain interoperability protocol to let enterprises add their own security checks on top of the platform’s default validation setup. Under the new model, users can build extra verification layers for cross-blockchain transfers beyond Chainlink’s standard network of 16 operators.
The upgrade comes after Kelp DAO suffered a $292 million hack in April. That incident was attributed to a LayerZero bridge configuration that used a single validator, according to the source material. Following the attack, Kelp DAO moved its rsETH token to Chainlink.
The report also said Chainlink’s risk management network will no longer run as a separate security backstop. That means users who do not add their own validators will rely on one validation network instead of two. CoinDesk was cited as the source for the report carried by Odaily.
Chainlink has released CCIP 2.0, an update to its cross-chain protocol that allows enterprises to add their own security checks for cross-blockchain transfers on top of the platform’s default validation network of 16 operators.
The upgrade comes after Kelp DAO suffered a $292 million hack in April. The incident was attributed to a LayerZero cross-chain bridge setup that used a single validator. Kelp DAO later migrated its rsETH token to Chainlink.
Under the updated design, Chainlink’s risk management network will no longer operate as an independent security safeguard. Users who do not add their own validators will depend on one validation network rather than two.
CoinDesk was cited in the report.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
