Altcoin
Truflation Chooses Chainlink Crypto Standard for Altcoins
Truflation, an independent and impartial provider of verifiable economic data, has chosen the Chainlink CCIP crypto standard, dedicated to facilitating cross-chain transfers of altcoins.
Thanks to the integration, the native TRUF token can now be transferred between the major Arbitrum, Base and Ethereum networks.
Chainlink CCIP: The cryptographic standard for cross-chain altcoin transfers is integrated into Truflation
Chain shirt he announced it its CCIP standard was just chosen and integrated into the Truflation crypto project, to facilitate cross-chain payments of its native TRUF token.
“@truflation has integrated #Chainlink CCIP into @arbitrum, @base and @ethereum to power TRUF transfers across chains. Truflation, a member of Chainlink BUILD, is deepening its integration with Chainlink.”
Thanks to the integration of Chainlink CCIP, TRUF can be traded across the main Arbitrum, Base and Ethereum networks.
In his blog post, Truflation explains the reasons that led it to choose Chainlink as a partner for this cross-chain journey.
The Crypto Project, an independent and impartial provider of verifiable economic data, sees in CCIP an interoperability solution with a proven track record of maintaining the highest safety standards.
In fact, the Chainlink CCIP standard is supported by the Risk Management Networka separate and independent network that continuously monitors and verifies cross-chain operations to detect suspicious activity.
This is a additional level of security This is especially important, especially in light of the industry’s historic exploits and the billions in user funds lost due to insecure and unreliable cross-chain infrastructure.
Chainlink: the crypto project that offers cross-chain of altcoins with a high level of security
Regarding the security of the Chainlink standard for cross-chain altcoin transfers, Stefano RuggineCEO of Truflation, said the following:
“We are excited to integrate Chainlink CCIP to support cross-chain TRUF transfers with cross-chain Layer 5 security. By making TRUF transfers secure and seamless, we can simplify the payment process, unlock new use cases, and enable more users to participate in our protocol in the multi-chain ecosystem.”
Not only that, Truflation wanted to underline how Chainlink CCIP is future-proof, built for support continuous updates.
Truflation lists among other things the integration of new blockchains, the introduction of advanced features and the addition of other approaches to defense in depth security.
With this setup, it would also mean integrating Chainlink’s CCIP eliminating future change costs in case new cross-chain features are needed.
TRUF’s +5% pump in the last 24 hours
It seems that the new choice of Chainlink CCIP was highly appreciated by TRUF investors.
In the last 24 hours TRUF has in fact recorded a price pump of +5.20%. At the time of writing, TRUF is worth $0.56.
After all, in addition to the token, the Truflation crypto project also seems to be well received in the crypto world.
Last September 2023, in fact, the news had leaked That Coinbase had selected Truflation as one of the first six investments for the Base Ecosystem Fund. In practice, Truflation emerged among 800 candidates.
The design behind TRUF gives users unprecedented access to independent, verifiable data on prices in key sectors such as housing, employment and transportation in the United States.