blockchainreporter.net
Ronin Network, a well-known blockchain famous for its wide transfer volume and extraordinary TVL, has announced an exclusive integration. As per Ronin Network, it has integrated the Cross-Chain Interoperability Protocol of Chainlink in the form of cross-chain infrastructure, bolstering the security of Ronin while facilitating matchless interoperability with several other chains. The platform took to its official X account to provide the details of this endeavor.
Ronin🤝Chainlink
— Ronin (@Ronin_Network) October 27, 2024
Adopting @Chainlink CCIP as our canonical cross-chain infrastructure is set to significantly enhance the strength & security of the Ronin network.@Psycheout86 & Chainlink’s Thodoris Karakostas break down the opportunity ↓ https://t.co/mGsGZc5eH0
Ronin Network Adds Chainlink’s Cross-Chain Interoperability Protocol for Better User Experience
The platform mentioned that the integration of Chainlink’s CCIP paves the way for cutting-edge dApps and increased consumer experiences. The respective integration denotes a crucial upgrade at a time when Ronin has already gained remarkable landmarks. With more than 1B cumulative transfers, Ronin has gained a position among the most active networks in the blockchain sector. It has resilient decentralized oracles and security, serving as the core infrastructure for Ronin for transfers across chains. This will increase the capacity in the case of secure asset transactions and exchange of data with the rest of the blockchains.
Aleksander Larsen, the chief operating officer of Sky Mavis (the parent firm from Ronin) reportedly expressed enthusiasm concerning the partnership. This also highlights the potential of the CCIP of Chainlink. In addition to this, the executive also expressed that this integration offers unprecedented usability and security. The initiative will let Ronin more effectively support applications requiring access to resources and liquidity across diverse chains.
The Developers and Consumers can Receive and Send Assets and Data without an Impact on Security.
The CCIP permits developers and users to receive and send assets and data across several networks without losing security. The respective infrastructure guarantees reliability and security. The above-mentioned integration guarantees the reliable and secure execution of the transfers. The decentralized oracles and security protocols of Chainlink have added another protection layer to confront likely vulnerabilities that often deal with activities exchange.