- Sergey Nazarov says CCIP is a low-level infrastructure that facilitates the Web of Contracts.
- Nazarov likened the CCIP to the well-known TCP/IP.
- The CCIP seeks to attach the separate chains in ecosystems into one community.
Chainlink co-founder Sergey Nazarov has described the Cross Chain Interoperability Protocol (CCIP) as a low-level infrastructure that facilitates the Web of Contracts. Nazarov defined how the novel protocol works in a brief video recorded throughout Korea Blockchain Week.
The Chainlink co-founder likened the CCIP to the well-known TCP/IP, an info switch protocol that creates the web. Based on him, the web runs on TCP/IP, a protocol connecting the whole web applied sciences into one community.
Nazarov defined that the situation is just like what obtains with chains, the place there are silos of ecosystems, and the CCIP seeks to attach the separate chains in ecosystems into one community. He additional defined that the setup enabled by the CCIP gives customers an identical expertise to what they get whereas utilizing the web.
The blockchain knowledgeable in contrast the CCIP setup with utilizing one utility, working on one know-how, and one set of cloud know-how with out essentially realizing what the cloud suppliers do or who they’re. Beneath this association, a specific utility utilizing one set of applied sciences can join to a different on a totally separate set of know-how as a result of each functions can talk.
Nazarov referred to the blockchain model of this type of association because the Web of Contracts, the place no matter which blockchain customers start with, they’ll equally and simply use all the things on different blockchains. Like it’s with the web, the Chainlink co-founder defined that the method would occur with out customers fascinated with it.
Based on Nazarov, this development in blockchain know-how would simplify its utilization and permit people and companies to use the know-how with out issues. He emphasised that the CCIP would run within the background, and customers wouldn’t be involved with the main points of how the protocol operates.
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