CCIP dev discussion

[Anonymous No.55619067]

Ok so I've completed the Getting Started guide and it took several long minutes for my "Hello World" message to go through to Mumbai. How is this supposed to be revolutionary exactly? It seems like all that has happened is that they've abstracted away the need for bridges and made cross-chain transactions programmatically more accessible to the masses??

Sergey kept saying that the next wave would be gaming. No one is going to want to play a multiplayer game on this shit if they have to wait 20 minutes for the ARM network to give it's fucking blessing.

Am I missing something here?

[Anonymous No.55619092]

>>55619067
You're missing the whole point of CCIP. Go buy XRP if you're dimwitted little brain can't comprehend the revolution that's about to take place (or already has for some)

[Anonymous No.55619106]

>>55619067
>it seems like all that has happened is exactly the problem the product was created to solve
>it's over for chainlink.

[Anonymous No.55619156]

>>55619067
>It seems like all that has happened is that they've abstracted away the need for bridges and made cross-chain transactions programmatically more accessible to the masses??

That and security. Yes anon, that's the objective.

For Web3 developers who have protocols (Aave, Uniswap, whatever), this means that they no longer have to manage their protocol on each blockchain independently. This is a major reduction in development resources required as a user can access the exact protocol from any chain and not different versions as it was before. Aave can share their liquidity between Ethereum, L2, FTM, Binance instead of needing liquidity pools for each chain.

Now how new use cases that were impossible before (besides bank chains in pic related), dunno.

[Anonymous No.55619161]

>>55619106
great, clearly I'm not missing an apostrophe.

Can someone answer my question!?.
How is this supposed to increase adoption? All it does is remove a tiny bit of friction so that now we don't have to use bridges but it's still too fucking slow.
CL Fucntions are great because it means we now don't have to pay anywhere near as much gas to execute arbitrary code.

Fantastic, great, but I don't understand why CCIP is supposed to be more important than that?

[Anonymous No.55619203]

>>55619067
https://twitter.com/0xAssblaster/status/1681965100763160576

[Anonymous No.55619206]

>>55619156
Ok thank-you, but these protocols are still going to have to store their data somewhere right? They will still have to make design decisions about which chain to write too, what latency, security etc.. It's not like they will be able to just write to CCIP...?
At least previously they were only limited by the network they were using, now cross-chain applications are also going to be limited by the bandwith of CCIP as well.

[Anonymous No.55619243]

>>55619206
>It's not like they will be able to just write to CCIP

Not yet but that's the end goal yes. Some sort of ccip console where you can code and don't worry about every chain language/specifics

[Anonymous No.55619275]

>>55619206
Chainlink has always been about creating answers for problems that don't exist. Multichain development is retarded, especially when all chains are just copies of Ethereum.

[Anonymous No.55619278]

>abstracted away the need for bridges
The issue with this statement is the fact that bridges will still exist if they're cheaper or faster so your assets are still not safe from value destruction, e.g. multichain nuked fantom stables so it doesn't matter if you had only used ccip (if it was out). Adoption will help remove one of the biggest attack vectors in defi - need ccip and official bridges with good security standards to take market share rather than Chyna scams

[Anonymous No.55619285]

>>55619067
>It seems like all that has happened is that they've abstracted away the need for bridges and made cross-chain transactions programmatically more accessible to the masses??
You say that like that bridges and crosschain messaging/transactions weren't the biggest bottleneck for the space.

[Anonymous No.55619321]

>>55619275
the best and worst thing about biz is that you never know if people are trolling or fucking stupid
r eddit: dumb people acting smart
biz: smart people acting dumb

[Anonymous No.55619361]

>>55619285
CCIP seems more like they're focusing on the security side of things instead of the scalability side of things.
My guess is that they must think that by solving the main security issue, banks will be more willing to invest in the technology to try and attract more customers, driving greater demand for the scaling problems to be solved.

[Anonymous No.55619416]

>>55619361
>security
None of this is decentralized, not even the chains this runs on. All could be controlled by a central authority. So what's the point? Just use a centralized system that runs faster

[Anonymous No.55619454]

>>55619416
one sec i'll get vitalik to change my trade from last week

[Anonymous No.55619464]

>>55619206
>It's not like they will be able to just write to CCIP...?

Right. As we move to a cross chain world, the architecture of dapps will have to be completely redesigned. On which blockchain does a user make the bulk of his transactions, which blockchain will be for data storage, settling and whatnot.

[Anonymous No.55619472]

definitely not a cult

[Anonymous No.55619566]

>>55619454
He would, if your name was Joe Lubin. This shit is utter dogshit.

[Anonymous No.55619937]

>>55619454
okay can you guys stop trading

[Anonymous No.55620005]

>>55619067
Crypto has been 10 years of hyping up useless tech hoping idiots will keep throwing in money so others can siphon it through increasingly complex BS.

That is the truth.

[Anonymous No.55620099]

>>55619067
>>55619156
>>55619161
>>55619206
>>55619278

At the yacht party… I want to watch how you guys have sex

[Anonymous No.55620171]

>>55619067
it solves a problem nobody has. crypto adoption wasn't hindered by the lack of moving between individual chains. iglf businesses cared, they'd just use the biggest one that everyone else uses. but nobody uses crypto for more than lip service, so the point is moot

[Anonymous No.55620197]

>>55619067
Its essentially a Layer-0. I dont know why Chainlink doesnt market it like that. Maybe now that 80 IQ Adelyn is out, they will think of using this terminology.

[Anonymous No.55620540]

>>55619203
kek

[Anonymous No.55620583]

>>55619203
So no one told you life was gonna be this way
(DUMP DUMP DUMP DUMP)
Your coin's a joke, you're broke
Your blockchain's DOA
It's like you're always stuck in second gear
When you're waiting two more days, two weeks, two months
OR EVEN TEN YEAAARS

[Anonymous No.55621263]

>>55620171
The ultimate goal is to move liquidity from permissioned bankchains to public chains. That's where the real money is

[Anonymous No.55621295]

Ok so can someone exchange any arbitrary crypto to another without a cex yet?

[Anonymous No.55622499]

>>55621263
You’re gullible

[Anonymous No.55623791]

>>55619067
congrats on being scammed, no refunds

[Anonymous No.55623985]

>>55619285
>biggest bottleneck for the space
the bottleneck is no serious company using any public chain for anything serious at all. some think they can wring some positive pr out of the shitty project their intern did, but they are using blockchain in the same way they are agile or have flat hierarchies

[Anonymous No.55624434]

>>55620197
metalayer

[Anonymous No.55624468]

>>55620583
Best post on biz right now