• Sergey Nazarov says CCIP is a low-level infrastructure that facilitates the Internet of Contracts.
• Nazarov likened the CCIP to the famous TCP/IP.
• The CCIP seeks to connect the separate chains in ecosystems into one network.

Chainlink co-founder Sergey Nazarov has described the Cross Chain Interoperability Protocol (CCIP) as a low-level infrastructure that facilitates the Internet of Contracts. Nazarov explained how the novel protocol works in a short video recorded during Korea Blockchain Week.

The Chainlink co-founder likened the CCIP to the famous TCP/IP, an information transfer protocol that creates the internet. According to him, the internet runs on TCP/IP, a protocol connecting the entire internet technologies into one network.

Nazarov explained that the scenario is similar to what obtains with chains, where there are silos of ecosystems, and the CCIP seeks to connect the …

The post Chainlink Co-Founder Describes CCIP as an Internet of Contracts appeared first on Coin Edition.

• Sergey Nazarov says CCIP is a low-level infrastructure that facilitates the Internet of Contracts.
• Nazarov likened the CCIP to the famous TCP/IP.
• The CCIP seeks to connect the separate chains in ecosystems into one network.

Chainlink co-founder Sergey Nazarov has described the Cross Chain Interoperability Protocol (CCIP) as a low-level infrastructure that facilitates the Internet of Contracts. Nazarov explained how the novel protocol works in a short video recorded during Korea Blockchain Week.

The Chainlink co-founder likened the CCIP to the famous TCP/IP, an information transfer protocol that creates the internet. According to him, the internet runs on TCP/IP, a protocol connecting the entire internet technologies into one network.

Nazarov explained that the scenario is similar to what obtains with chains, where there are silos of ecosystems, and the CCIP seeks to connect the …

The post Chainlink Co-Founder Describes CCIP as an Internet of Contracts appeared first on Coin Edition.