- Enterprise-grade safety
- Unlocking DeFi utility
Main cryptocurrency alternate Kraken has determined to chop ties with its legacy cross-chain supplier and migrate solely to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
By doing this, the alternate goals to safe Kraken Wrapped Bitcoin (kBTC) and all of its future property.
Enterprise-grade safety
In accordance with the alternate, the choice to decide on Chainlink CCIP was pushed by the protocol’s enterprise-grade infrastructure and stringent threat administration capabilities.
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Kraken chosen Chainlink CCIP because of its alignment with strict safety and threat administration protocols.
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The system makes use of infrastructure that meets ISO 27001 and SOC 2 Sort 2 certifications.
The protocol is powered by 16 unbiased nodes, making certain that no single level of failure compromises the cross-chain transfers.
The structure is “safe by default” and contains native charge limits.
Unlocking DeFi utility
Chainlink confirmed the partnership, noting that CCIP will allow the safe distribution of Kraken’s wrapped property throughout numerous blockchains and international markets, beginning with kBTC.
Kraken acknowledged that by working collectively, the 2 entities may also help speed up international crypto adoption by unlocking expanded utility and distribution for wrapped property throughout the Decentralized Finance (DeFi) ecosystem.
The alternate assured present kBTC prospects that no fast motion is required on their half.
Additional particulars relating to the migration course of can be introduced on official Kraken channels.
Within the meantime, LINK has reached a major community milestone as distinctive tackle exercise surged to an eight-month excessive, with over 282,000 lively addresses recorded by Santiment.
LINK is 4.7% over the previous 24 hours, based on CoinGecko knowledge.