• 10:00 – TON Launches Memelandia to Enhance Meme Coin Ecosystem 
  • 17:00 – David Carmona Sentenced to Nearly 10 Years for IcomTech Ponzi Scheme 
  • 17:50 – EigenLayer Protocol Faces $5.5M Token Transfer Issue 

Scroll Integrates Chainlink's CCIP for Enhanced Cross-Chain Transfers

Scroll Integrates Chainlink’s CCIP for Enhanced Cross-Chain Transfers

Scroll has successfully integrated Chainlink Cross-Chain Interoperability Protocol (CCIP), enabling developers to create secure decentralized applications while expanding the multi-chain ecosystem. This integration was announced in a press release shared with The Block.

Why Chainlink CCIP?

Scroll opted for Chainlink's CCIP due to its proven track record in maintaining exceptional security and reliability in the blockchain industry. Chainlink’s CCIP provides developers with the necessary tools to facilitate token transfers, messaging, and action initiation across various blockchains.

Key Features of CCIP

  • Programmable Token Transfers: This feature allows smart contracts to send tokens across different chains with specific processing instructions in a single transaction.

Developer Insights

Sandy Peng, co-founder of Scroll, remarked, "Chainlink CCIP is an industry standard, and our integration provides scalable, secure, and flexible infrastructure, enhancing our developers’ capabilities in creating cross-chain applications." He emphasized that CCIP's level-5 security strengthens Scroll’s interoperability.

About Scroll

Scroll is a scaling solution for Ethereum that utilizes zero-knowledge proofs to improve the network's capacity and performance. By establishing a Layer 2 rollup network, Scroll enhances accessibility and responsiveness, accommodating numerous users.

Chainlink's Impact

According to Chainlink Labs, they have facilitated over $15 trillion in transactions. Earlier this year, partnerships with Taurus, Fidelity International, and crypto bank Sygnum were announced.

Comments from Chainlink Labs

Johann Eid, Chief Business Officer at Chainlink Labs, stated, "L2s like Scroll are crucial for alleviating congestion and boosting efficiency within the Ethereum ecosystem. The addition of CCIP marks a significant step forward in our collaboration to benefit the industry."

Disclaimer: The Block is an independent media outlet providing news, research, and data. As of November 2023, Foresight Ventures is a majority investor in The Block.