The Transformational Power of CCIP: A Game-Changer for Chainlink and the Crypto Ecosystem

<p>Chainlink, a renowned decentralized oracle network, has been at the forefront of smart contract technology. Now, it’s unveiling a new initiative called the Cross-Chain Interoperability Protocol (CCIP), which promises to radically change how value is captured and distributed within the Chainlink ecosystem and the broader crypto world. Here’s why this is such a seismic shift.</p> <h1>Traditional Oracle Models: The Indirect Value Capture</h1> <p>Traditionally, Chainlink oracles have worked behind the scenes, enabling the functionality of third-party decentralized apps (dApps). This has meant that value was indirectly captured; whether it be through terms like “Total Value Secured” (TVS) instead of “Total Value Locked” (TVL), or complicated off-chain deals between Chainlink and dApps. Although effective, this indirect model had its limitations.</p> <p><a href="https://medium.com/@pareto_investor/the-transformational-power-of-ccip-a-game-changer-for-chainlink-and-the-crypto-ecosystem-fe41d978b7e2"><strong>Website</strong></a></p>