Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now live on the ZKsync Era L2 network. The integration will improve cross-chain and L2 protocol interoperability and simplify Web3 integration into the TradFi sector.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now available on the ZKsync Era network, the Ethereum ecosystem’s Layer 2 protocol. The integration is designed to significantly improve cross-chain interoperability of L2 protocols and enable Web3 developers to create decentralized apps (dApps) with advanced functionality.
The CCIP is the industry standard for cross-chain interoperability, allowing devs to build secure dApps that can run simultaneously on different blockchains. According to Marco Cora, Director of the ZKsync Foundation, the integration of Chainlink’s solution into ZKsync Era will provide a gateway for TradFi institutions looking to place their assets on the blockchain to integrate elements of decentralized finance (DeFi).
The CCIP and ZKsync Era integration will enable the creation of multi-layer smart contracts with cross-chain interoperability, allowing developers to perform unique programmable transfers protected by ZKP technologies that underpin the ZKsync protocol. The CCIP integration will also enhance the functionality of projects operating within the ZKsync ecosystem, providing access to faster and cheaper transactions without compromising security. The initiative aims to create a unified financial space, where users can interact with the same dApps across different blockchains.
The CCIP was launched by the Chainlink Labs team in July 2023. The technology was tested by SWIFT, Vodafone, The Depository Trust and Clearing Corporation (DTCC), Australia and New Zealand Banking Group (ANZ), and Sygnum and Fidelity International.
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