Ronin has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance the security of its cross-chain bridge, according to an Oct. 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 full migration process is expected to take two to three months.
Why Choose CCIP?
Ronin conducted a thorough selection process, considering LayerZero and Axelar before choosing Chainlink’s CCIP as its primary cross-chain infrastructure.
CCIP was selected for its superior security, achieved through multiple Decentralized Oracle Networks (DONs), an independent risk management network, high-quality node operators, and additional security measures such as rate limiting and time-locked upgrades.
The integration of CCIP is expected to boost the security of assets transferred to the Ronin Network, improve user experience, and accelerate Ronin’s adoption.
Phuc Thai, head researcher at Sky Mavis, stated that Chainlink’s CCIP security and reliability made it an obvious choice for the gaming network.
Ronin’s Security Challenges
The partnership follows a recent white-hat Maximal Extractable Value (MEV) $10 million exploit on the Ronin network, reigniting concerns around its bridge security.
In 2022, the network experienced one of the largest hacks in crypto history, losing over $600 million in assets. Ronin has since strengthened its security measures and conducted audits with external firms to enhance resilience.
