
Ronin Validators Select Chainlink’s CCIP as Official Cross-Chain Infrastructure
Ronin Validators choose Chainlink's CCIP as the network's official cross-chain infrastructure, enhancing bridge security.
Author: Tanishq Bodh
Written On: Thu, 10 Oct 2024 19:31:49 GMT
In a decisive vote, Ronin Validators have chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to serve as the network’s official cross-chain infrastructure, enhancing the security of the Ronin Bridge. After a comprehensive three-phase selection process, Chainlink’s CCIP was selected over alternative proposals from LayerZero and Axelar.
The integration of Chainlink’s CCIP will initially support bridge transfers between Ethereum and Ronin, with the broader migration set to unfold over the next 2-3 months. Users need not take any action, as all tokens on Ronin will seamlessly migrate to CCIP without user intervention.
The process began in August when Ronin requested two independent audits of its bridge, aimed at bolstering the security and accessibility of the ecosystem. In September, Ronin launched a competitive request-for-proposal (RFP) process, evaluating LayerZero, Axelar, and Chainlink CCIP. The final vote was held in October, with Chainlink securing the majority of votes from the Ronin Validator community (10 votes), followed by LayerZero (3 votes) and Axelar (0 votes).
Trusted
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.