Hassan Maishera
On Wednesday, Chainlink announced in a blog post that it had launched the CCIP v1.5 upgrade. CCIP v1.5 is a set of upgrades and improvements to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
The upgrades focused on massively scaling the number of tokens integrated with CCIP and making the protocol easier for developers. The CCIP v1.5 upgrade is now live across all supported blockchain testnets and will soon launch on blockchain mainnets.
Furthermore, CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, which enables token developers to integrate new and existing tokens with CCIP in a self-serve manner in minutes.
CCTs support self-serve deployments, full control and ownership for developers, enhanced programmability, and zero-slippage transfers. Furthermore, CCIP v1.5 introduces a new Token Developer Attestation feature that enables token developers to participate in an optional layer of verification for their CCTs by attesting to token burn or lock events on source chains before CCIP can mint or unlock tokens on destination chains.
Once live across blockchain mainnets, token developers will also have access to the CCIP Token Manager, an intuitive front-end web interface for the deployment of new and management of existing CCTs by their developers.
The CCIP v1.5 upgrade also features several key developer experience improvements, including the new CCIP SDK, improvements to the CCIP Explorer, and additional security and privacy capabilities.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 1.5% over the past 24 hours and is trading at $12.22 at press time.
