Chainlink Launches Cross-Chain Interoperability Protocol v1.5 Upgrade

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Chainlink Launches Cross-Chain Interoperability Protocol v1.5 Upgrade
CHAINLINKCCIPCROSS-CHAIN INTEROPERABILITY
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Chainlink has rolled out the Cross-Chain Interoperability Protocol (CCIP) v1.5 upgrade, enabling developers to easily deploy Cross-Chain Tokens (CCTs) across over 20 blockchains in minutes. The new upgrade introduces the CCT standard, offering developers full control, enhanced programmability, and zero-slippage transfers. Developers can utilize pre-audited contracts to transform ERC-20 assets into CCTs without needing CCIP-specific code in their smart contracts. CCIP v1.5 also features a Token Manager for streamlined deployment and management of CCTs, as well as Smart Accounts requiring multi-owner approvals for transactions.

On Jan. 15, the Chainlink team announced that the Cross-Chain Interoperability Protocol v1.5 upgrade was now live on mainnet for all developers.

“CCIP v1.5 marks a major upgrade to the CCIP developer experience, making it easier than ever to onboard new or existing tokens to the CCT standard and integrate CCIP into cross-chain applications.” The upgrade also includes a CCIP Token Manager which provides a streamlined user interface for developers to launch and manage CCTs.This release empowers devs to take their tokens cross-chain in a self-serve manner, deploy Cross-Chain Tokens across 20+ blockchains in minutes, & much more.Developers can also manage CCT deployments with “Smart Accounts,” which will require approvals from multiple owners to authorize transactions, it added.

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