NFT News Daily TheBittimes.com

Chainlink(LINK), a decentralized oracle network, has announced the implementation of its Cross-Chain Interoperability Protocol (CCIP) on Coinbase’s Ethereum layer -2 scaling solution, Base. This development offers Base developers a method to devise cross-chain services and applications, enhancing the capability to transmit messages, handle token transfers, and process other transactions across varied blockchain systems. CCIP’s technology is rooted in Chainlink’s oracle networks. Chainlink Labs, the developer, posits that these networks have successfully safeguarded billions in assets and processed over $8 trillion in on-chain transactions. #Chainlink CCIP is now live on @BuildOnBase mainnet! Discover how CCIP is empowering apps built on Base to scale faster and connect to Web3's rapidly expanding multi-chain ecosystem https://t.co/AbiGprCx1J — Chainlink (@chainlink) September 27, 2023 Johann Eid, Chainlink Labs’ chief business officer, emphasized the combin...

The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software. The Optimism network has concluded its “Bedrock” upgrade on June 7, reducing deposit times , lowering layer -1 fees, and enacting additional security Features , according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help create a “Superchain” of scaleable Web3 networks based on Optimism’s OP Stack software. OP Mainnet’s migration to Bedrock has concluded and the Bedrock sequencer has started up. Key external OP Mainnet infrastructure is starting to come back online. You can track infrastructure status here:https://t.co/XTtaArdI03 — Optimism (_) (@optimismFND) June 6, 2023 In a conversation with Cointelegraph, OP Labs CEO Karl Floersch stated that Bedrock implements multiple gas optimizations the team discovered, reducing the network’s data availabi...