Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

Chainlink Launches ‘Transporter’ App for Moving Crypto Cross-Chain

Chainlink, a leading provider of data feeds to blockchain-based smart contracts, has released a new application dubbed the transporter for submitting and monitoring cross-chain transactions.

In an announcement, Chainlink said the application is built using its Cross-Chain Interoperability Protocol (CCIP) – the standard for cross-chain interoperability. 

The firm went on to describe the new Transporter application as a “hyper-secure bridging Aapp” — explaining it is built on Chainlink CCIP to bring “unprecedented security” to users wanting to transfer tokens across blockchains.

App Allows Users to Transfer Various Tokens 


The Transporter app allows users to transfer tokens across a variety of blockchains, starting with Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.

“Transporter makes it easier to utilize the security benefits of Chainlink CCIP for the transfer of large token value and critical messages across chains,” said Sergey Nazarov, co-founder of Chainlink in a press release.

“Having a secure way to move both value and data across chains is something the blockchain industry has needed for years and I’m excited that Transporter is making that more accessible,” said Nazarov.

Chainlink said it has also unveiled a new token transfer mechanism for CCIP, which allows native ETH to be transferred cross-chain through WETH token pools.

“This marks the first instance of a lock and unlock mechanism being implemented in CCIP,” said the firm.

Transporter Allows Users to Track Assets 


According to Chainlink, the Transporter application is built to give users complete peace of mind by offering an intuitive UI, and 24/7 global support. The application has a visual tracker that provides real-time visibility into the state of their cross-chain transactions. 

Transporter allows users to track their assets and messages at every step of the transaction, both on the Transporter app and through the Chainlink CCIP Explorer.

No Fees


Chainlink said the new application doesn’t charge additional fees, just the regular fees for using CCIP, which cover the gas costs of completing transactions on the destination chain and the fees paid to CCIP service providers.

Venture capital firms Fourth Revolution Capital and Moonrock Capital are two early users of the Transporter application, said Chainlink.

The post Chainlink Launches ‘Transporter’ App for Moving Crypto Cross-Chain appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com