Global Stock News

Chainlink Upgrades its “CCIP” Crypto Bridge Tech with New Security Checks for Apps

Chainlink Upgrades its “CCIP” Crypto Bridge Tech with New Security Checks for Apps

Chainlink has released CCIP 2.0, an upgrade that lets applications add their own security checks when moving tokens and messages between blockchains. The release came five months after attackers drained about $292 million in rsETH through a bridge that relied on a single verifier.

What changes for you

For token holders, the immediate effect is limited. Existing applications can use CCIP 2.0 without changing their integrations, according to CoinDesk. The stronger checks only matter if the application using the bridge chooses to add them.

Cross-chain bridges use verifiers to confirm that a deposit happened on one blockchain before releasing the corresponding funds on another. If an attacker can deceive a verifier, the attacker may be able to…

Source link

Share this article

Scroll to Top