Sergey Nazarov, co-founder of Chainlink (LINK), made remarkable statements about how trillions of dollars will flow into the cryptocurrency market.
Sergey Nazarov suggested that banks could create their own blockchains and transfer trillions of dollars in value to cryptocurrencies. Nazarov developed by Chainlink of these banks that create their own blockchains. CCIP protocol stating that they can adopt trillions of dollars He detailed how he could flow into the cryptocurrency industry.
This approach, put forward by the co-founder over the CCIP protocol, also moved the whales and triggered a huge rise in the price of LINK on a day when the cryptocurrency market was relatively stagnant. According to CoinGecko data, it takes action within 24 hours with the effect of news flow. $6.88 from the levels 8.34 dollars up to the levels 21% LINK on the rise, at the time of writing at $8.04 is being traded.
Two whales, whose CCIP protocol led to the uptake move, took action earlier today. 6 million dollars He had attracted attention by taking LINK worth of money.
trillion dollar process
Nazarov on why banks will create their own blockchains a three-step process suggested. The first phase includes trading and cryptocurrency services for customers. request for safe execution stated to stand.
In the second stage, while the tokenization of real world assets will come to the fore, banks will use these assets. Which chain will they place it in? stressed the importance of the question. Banks according to Nazarov they should set up their own blockchain will notice at this point.
The third stage is the banks’ private blockchains. development of financial protocols will cover. According to the founding partner, in line with this phased process, banks will invest trillions of dollars in the market for the cryptocurrencies they will offer to their customers.
You have this public blockchain and contracts facility defined primarily by DeFi, and you have this banking chain world that I think will be defined by asset tokens that function in the real world. The next step will be to allow these two worlds to overlap and grow together. And when that happens, beyond the efficiency and gains for each of these groups, you’ll see the blockchain industry as a whole grow by trillions of dollars at a much faster rate.
The CCIP protocol aims to facilitate the transfer of funds between blockchains. However, CCIP allows banks to produce their own blockchains while allowing them to connect with public blockchains.