#Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App 'Transporter'

Chainlink's CCIP technology, also utilized by #SWIFT , powers a newly unveiled #Blockchain bridge application called "Transporter," enabling secure transfer of significant token values and critical messages across blockchains.

Bridges play a pivotal role in linking disparate blockchains, although they frequently become targets for exploitation.

Initially, Transporter supports Arbitrum, Avalanche, Base, $BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.

Chainlink, a leading data provider, introduced its Transporter blockchain bridge application, facilitating the movement of crypto assets and data across multiple networks.

Available to both individual users and institutions, Chainlink's bridge aims to provide a cost-effective method for high-value token transfers across blockchains, ensuring peace of mind for users.

Transporter supports several blockchains, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.

This release marks a significant development in the crypto industry, as it introduces a key software platform connecting blockchain networks with external data, known as oracle service, to the rapidly expanding sector of blockchain bridges.

These bridges are vital in linking the growing number of individual blockchain networks, facilitating the transfer of value and data between them. Despite their importance, bridges are often targeted by exploits and hacks, posing risks of losses for users.

According to DefiLlama data, existing bridges transferred approximately $12 billion worth of assets across chains last month. However, their vulnerability to exploitation underscores the need for secure solutions like Transporter.

Source - coindesk.com

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