Chainlink Releases New Transporter Application for Cross-Chain Transactions
Chainlink Releases New Transporter App for Cross-Chain Transactions
Chainlink, a prominent provider of data feeds for blockchain-based smart contracts, has introduced a new application called the Transporter for submitting and monitoring cross-chain transactions. This application is built using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which is considered the standard for cross-chain interoperability.
The Transporter app allows users to transfer tokens across various blockchains, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX. According to Chainlink, this app provides unprecedented security for users looking to transfer tokens across different blockchains.
Sergey Nazarov, the co-founder of Chainlink, stated, “Transporter makes it easier to utilize the security benefits of Chainlink CCIP for the transfer of large token value and critical messages across chains. Having a secure way to move both value and data across chains is something the blockchain industry has needed for years, and I’m excited that Transporter is making that more accessible.”
In addition to the new Transporter app, Chainlink has also introduced a new token transfer mechanism for CCIP, allowing native ETH to be transferred cross-chain through WETH token pools. This implementation marks the first instance of a lock and unlock mechanism being implemented in CCIP.
The Transporter application offers users an intuitive UI, 24/7 global support, and a visual tracker for real-time visibility into the state of their cross-chain transactions. Users can track their assets and messages at every step of the transaction using the Transporter app and the Chainlink CCIP Explorer.
Chainlink has emphasized that the Transporter app does not charge additional fees, only the regular fees for using CCIP, which cover gas costs for completing transactions on the destination chain and fees paid to CCIP service providers. Venture capital firms Fourth Revolution Capital and Moonrock Capital are among the early users of the Transporter application, according to Chainlink.
