Ronin has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to improve the security of its cross-chain bridge, according to an October 10 statement shared with CryptoSlate.
Ronin explained that all crypto currently bridged using the Ronin Bridge will transition to CCIP for native cross-chain transfers.
The network will initially support transfers between Ethereum and Ronin. The entire migration process is expected to take two to three months.
Why CCIP?
Ronin revealed that it conducted a thorough selection process, considering LayerZero and Axelar before choosing Chainlink’s CCIP as its primary cross-chain infrastructure.
According to Ronin, CCIP was selected for its superior security, which is achieved through multiple decentralized Oracle Networks (DONs), an independent risk management network, high-performance node operators, and additional security measures such as rate limits and time-bound upgrades. .
The blockchain gaming platform explained that the CCIP integration is expected to significantly increase the security of assets transferred to the Ronin network. Furthermore, it will improve the user experience and free up resources to accelerate Ronin adoption.
Sky Mavis lead researcher Phuc Thai said Chainlink’s CCIP security and reliability made it an obvious choice for the gaming network. Thai added:
“In addition to cross-chain interoperability, we are eager to work on integrating Chainlink’s suite of oracle services that will serve as a key foundation for the next phase of DeFi growth on Ronin.”
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, also expressed his excitement about the move, saying:
“CCIP will enable the Ronin community to take full advantage of the multi-chain landscape and accelerate the adoption of Web3 gaming.”
Ronin’s security challenges
The partnership follows a recent $10 million white-hat Maximum Extractable Value (MEV) exploit on the Ronin Network, which forced the network to shut down operations and renewed concerns around bridge security.
In 2022, the network suffered one of the largest hacks in crypto history, losing more than $600 million in assets. Since then, Ronin has worked to strengthen security, moving to a specialized bridging solution and auditing two third-party companies to improve resilience.