Ronin Network Officially Integrates Chainlink CCIP for Cross-Chain Transfers

Ronin Network Integrates Chainlink's CCIP for Enhanced Cross-Chain Connectivity

In a significant move towards bolstering its cross-chain capabilities, the Ronin Network has officially integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP). This development, reported by Odaily, represents a major step forward for Ronin's cross-chain infrastructure as it empowers Chainlink to secure Ronin's cross-chain bridge.

The Voting Process: A Competitive Selection

The decision to adopt Chainlink was made following a competitive voting process within the Ronin validator node community. Chainlink received overwhelming support, securing 10 votes, while its closest competitor, LayerZero, garnered just 3 votes. Notably, Axelar did not receive any votes.

Initial Phase: Ethereum and Ronin Blockchain Connection

In its initial phase, Chainlink will facilitate cross-chain transfers between the Ethereum and Ronin blockchains. This integration aims to enhance user experience and facilitate seamless transactions across networks.

User-Friendly Migration Planning

During the migration planning stages, both Ronin and Chainlink have prioritized user convenience. Users of the Ronin Network will not have to undertake any migration processes to transfer all circulating tokens on Ronin. Token holders are not required to take any action, ensuring a smooth transition for the community.

Conclusion

This strategic collaboration between the Ronin Network and Chainlink signifies a robust enhancement in cross-chain functionality. Users can expect greater security and ease of use in their transactions, contributing to a more interconnected blockchain ecosystem.

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• Ronin Network
• Chainlink CCIP
• Cross-Chain Interoperability
• Blockchains
• Ethereum
• Token Transfer

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