“Our goal with CCIP is to create a global open-source standard for how inter-blockchain messaging, token transfers, and advanced interoperation between blockchains will happen across our nearly 100 blockchain partners, which secure 90%+ of all value currently on a blockchain.”ĬCIP serves the growing cross-chain interoperability needs of centralized financial (CeFi) services as their users demand more access to DeFi.
#Sergey mashinsky full#
In an official press release, Nazarov said CCIP represents a watershed moment in the world’s shift toward cryptographic truth because it “unlocks the full potential of the blockchain industry, allowing the combination of previously disconnected smart contracts.” “As long as physics and math and encryption work as expected – which is probably the best guarantee you’re going to get in this world – you’re going to get what you expect,” Nazarov said. “That model of ‘Just trust us and we’ll do whatever we want’ is coming to an end.”īlockchains and smart contracts offer an alternative system without fine print that can be manipulated. After centuries of “pushing the gas pedal,” Nazarov said society’s Just Trust Us system of guarantees is “fraying.” The problem with paper-based guarantees was made painfully clear to many Robinhood users this past spring. “In the scope of history,” Nazarov said, the possibility of a cryptographically guaranteed system essentially “just appeared a second ago.” He illustrated a spectrum of financial systems, ranging from what he called a “Just Trust Us” model of paper-based guarantees to a system of cryptographic truth, which emerged with the advent of Bitcoin. Nazarov framed these innovations as a monumental step toward a global system of cryptographic guarantees – a superior alternative to the current system of paper promises that has repeatedly failed through centuries of inflation, defaults, booms and busts. The protocol allows developers to easily build cross-chain applications through a simple framework that abstracts away the complexity of the underlying protocols. CCIP is a new global standard for decentralized inter-blockchain messaging, data, and token movements.
During a heartfelt keynote speech on Day One of SmartCon #1, Chainlink Co-founder Sergey Nazarov announced two groundbreaking pieces of news: Chainlink Keepers is live on mainnet and Chainlink’s new Cross-Chain Interoperability Protocol (CCIP) will unlock decentralized inter-chain messaging and token movements.Ĭhainlink Keepers is a decentralized service that allows developers to reliably automate regular smart contract triggers, saving time and resources while minimizing risks associated with manually/centrally performed operations.
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