Chainlink hits Ethereum layer 2 Arbitrum for cross-chain DApp development
Chainlink’s CCIP protocol has launched on Ethereum layer 2 Arbitrum One to help developers build cross-chain decentralized applications. Blockchain oracle network Chainlink has tapped into Ethereum (ETH) layer 2 scaling protocol Arbitrum to drive cross -chain decentralized application development . The two protocols announced the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One on Sept .21, giving developers access to Chainlink’s solution that taps into Arbitrum’s high-throughput, low cost scaling. The combination of CCIP and Arbitrum One’s ecosystem aims to unlock a myriad of use cases, including cross -chain tokenization and collateralization, blockchain gaming, data storage and computation. Chainlink Labs chief business officer Johann Eid commented on the partnership, highlighting Arbitrum’s role in offloading transaction congestion from Ethereum’s base layer and providing a base to build DApps. “CCIP now gives these users access to a...