Hassan Maishera
On Thursday, Chainlink announced via X that Corn has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable secure cross-chain token transfers for BTC assets.
Powered by Arbitrum, Corn is the first Bitcoin-secured network by Babylon with liquidity support for BTC LSTs. CCIP’s consensus layer is powered by Chainlink Decentralized Oracle Networks (DONs), infrastructure that has secured over $75 billion in DeFi TVL at its peak and enabled over $19 trillion in onchain transaction value since the start of 2022.
Corn also chose CCIP because it empowers developers to create cross-chain native applications through the transfer of arbitrary data, encoded as bytes, between smart contracts on different blockchains. CCIP enables the transfer of value (via CCTs) cross-chain along with data instructions informing the receiving smart contract on what to do with those tokens once they arrive on the destination chain.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 5.5% over the past 24 hours, trading at $18.73.
