Link cross in the Transfer Agreement

Aug 6th, 2022
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How to link cross in the Transfer Agreement

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hi everyone my name is Jeff day Im a software engineer at Circle uh today Im going to be giving a demo on circles cross chain transfer protocol also known as cctp a permissionless on chain utility that will allow users to burn native usdc on one chain and mint the same amount on another chain so at a high level this presentation will cover the following why we built cctp a high level overview an integration walkthrough and a short demo so first why we built cctp we had a few key design pillars around which we wanted to build cctp first a focus on Native usdc our primary goal was to allow individuals to seamlessly move native usdc between blockchains we really want to move away from any type of wrapped asset because they create huge honey pots as weve seen over the past year or so so the escrow contracts can be drained and cause a huge loss of funds second unify liquidity we have a lot of confusion in customer errors caused on blockchains where there are two versions of usdc uh both

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Chainlink CCIP provides a single simple interface through which dApps and web3 entrepreneurs can securely meet all their cross-chain needs. You can use CCIP to transfer data, s, or both data and s across chains.
Swift used Chainlinks Cross-Chain Interoperability Protocol (CCIP) to connect with different blockchains.
Cross-chain transfers are when s on one blockchain network are transferred to another chain, such as ETH being sent from Ethereum to Optimism. Cross-chain transfers unlock the multi-chain, multi-trillion-dollar future of Web3.
CCIP (Cross-Chain Interoperability Protocol) It enables secure data sharing and transaction execution across different blockchain platforms, making it an essential tool for achieving interoperability in the DeFi ecosystem.
Chainlink CCIP: The Superior Infrastructure for Canonical Bridges. As the industry standard for secure cross-chain interoperability, Chainlink CCIP serves as the optimal infrastructure to power the canonical bridge for any blockchain ecosystem.
Even though both protocols are architecturally pretty similar, the main differences lie in the configurability of their security architecture. Conclusion: Chainlink offers a more developer-friendly, security-focused approach right out of the box whereas LayerZero offers more control and customisability.
Cross-chain smart contracts are a unified application consisting of multiple smart contracts deployed across multiple networks. In a cross-chain context, different smart contracts on different chains perform different tasks, yet all stay synchronized and support a single use case in a unified application.
Chainlink is a blockchain project designed to connect different networks and protocols together through oracles. Oracles are networking tools that allow cross-network communication. The projects goal is to provide support for all blockchains, facilitating data movement globally between blockchains.

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