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Ethereum layer 2 Mantle Network taps Chainlink to strengthen cross-chain capabilities

Ethereum layer 2 Mantle Network taps Chainlink to strengthen cross-chain capabilities

CryptobriefingCryptobriefing2024/12/04 00:44
By:Cryptobriefing

Key Takeaways

  • Mantle Network has integrated Chainlink's CCIP to enhance cross-chain capabilities.
  • Mantle aims to empower developers to build more sophisticated decentralized applications (dApps) that seamlessly operate across multiple blockchains.

Mantle Network, an Ethereum layer 2 solution, has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to bolster its cross-chain capabilities, aiming to provide developers with a secure and reliable infrastructure to build dApps across multiple blockchains.

CCIP promotes seamless and trustless transfer of data and value across various blockchain networks, allowing Mantle to connect with multiple blockchains efficiently. Interoperability is crucial for expanding the reach of dApps and enhancing user access to a broader range of services and liquidity.

The integration allows builders to “create cutting-edge cross-chain applications and better advance the blockchain industry,” said Johann Eid, Chief Business Officer at Chainlink Labs.

“Mantle is an ecosystem that encompasses so many of the creative solutions that we’re seeing in our industry. The adoption of Chainlink CCIP is exciting as it represents a key step forward in driving innovation and expanding the multi-chain ecosystem,” Eid added.

Adopting Chainlink’s CCIP will provide Mantle access to several key features, including battle-tested security through Chainlink’s decentralized oracle networks, which have secured billions in smart contracts and enabled over $16 trillion in on-chain transaction value.

The protocol also offers programmable token transfers, secure token pool contracts, and arbitrary messaging capabilities for cross-chain communications.

“We are thrilled to adopt the Chainlink standard, CCIP further solidifies our commitment to delivering robust infrastructure for our ecosystem developers. This adoption enhances Mantle’s cross-chain capabilities and strengthens our alignment with Chainlink’s extensive ecosystem,” said Mark Veer, head of BD at Mantle.

The implementation comes with additional features such as rate limits for token transfers and allows developers to encode multiple instructions in single messages for complex, multi-chain tasks. The protocol is designed to support future updates, including new blockchain integrations and advanced functionalities.

Several projects, like Ethereum’s layer 2 blockchain Mode, have adopted Chainlink’s CCIP as its standard for cross-chain interoperability, enhancing its capabilities in decentralized finance and real-world asset applications.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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