Chainlink Introduces CCIP 2.0 Allowing Custom Verifiers for Secure Transfers
- Chainlink launched CCIP 2.0, enabling institutions to use custom verifiers instead of relying solely on Chainlink’s default network.
- The update follows a $292 million hack on Kelp DAO, linked to North Korean hackers, which led several firms like Kraken and Lombard Finance to switch to Chainlink.
- CCIP now secures over $84 billion in cross-chain token value, according to Chainlink’s reports.
- Institutions can implement their own Cross-Chain Verifier (CCV) or hire firms like Infosys for verification services.
- The Risk Management Network’s automated offchain role is no longer active in current CCIP deployments but may return as an optional layer in future releases.
Chainlink’s launch of CCIP 2.0 allows institutions more flexibility and security by enabling them to operate custom verifiers rather than depending solely on the default network setup, addressing previous vulnerabilities highlighted by the Kelp DAO hack.
With this upgrade, Chainlink aims to enhance security and trust in cross-chain transactions while continuing to secure significant token value across blockchains.(Source)
