Blockchains’ Future Interoperability with Axelar
Here I will explain why I believe that Axelar is the leading solution for secure network transfer of assets.
Let’s participate in the technologies of the future today.
Axelar delivers secure cross-chain communication for Web3. Secure means Axelar is built on proof-of-stake, the battle-tested approach used by Avalanche, Cosmos, Eth2, etc. Cross-chain communication means you can build a complete experience for your users that lets them interact with any asset, any application, on any chain with one click.
https://docs.axelar.dev/
Introduction
To bridge the blockchain ecosystems and enable applications to communicate frictionlessly across them, we propose Axelar network. Validators collectively run a byzantine consensus protocol and run the protocols facilitating cross-chain requests. Anyone can join the network, participate, and use it. The underlying network is optimized for high safety and liveness requirements unique for cross-chain requests. Axelar network also includes a protocol suite and APIs.
Axelar network offers the following advantages:
- For blockchain platform builders: Ability to easily plug-in their blockchains to all other blockchain ecosystems. Only a threshold account needs to be set up on the chain to plug into the network.
- For dapps builders: Application builders can host their dapps anywhere, lock, unlock, transfer assets, and communicate with applications on any other chain via CTP API. 64
- For users: Users can interact with all applications across the ecosystem directly from their wallets.
Axelar is the universal overlay network, delivering secure cross-chain communication for Web3. We take blockchain interoperability beyond pairwise bridges, providing any-to-any composability via a proof-of-stake transport layer, allowing dapp builders to deliver secure 1-click experiences for their users across any blockchain.
How does Axelar compare with everything else that’s in the market
- All competitors in the market are centralized pairwise bridges — multisigs. Those solutions introduce great risks for the ecosystem as we’ve seen with numerous hacks in the space over the year & continue fragmenting the ecosystem with pairwise liquidity.
- Axelar is the only solution delivering secure cross-chain communication. The network is based on permisionless proof-of-stake consensus, similar to the chains we’re connecting so it doesn’t add new assumptions.
- It delivers any-to-any connectivity where any new connection is automatically plugged in with all other interconnected chains creating strong compounding effects.
What I understood for myself
Since 2017 I have been a crypto enthusiast. Initially, cryptocurrency was a way for me to earn money, but as my technical knowledge grew stronger, I became more and more imbued with the spirit of the community of developers and connoisseurs of decentralization.
At the moment, I am a professional validator and before I spend time and effort on a project, I study its technical part.
Axelar is a way for me to contribute to true decentralization. Safe and uncompromising. This is how we all hoped to see the blockchain industry since 2017. There was a lot of talk about decentralization at the time, but it all came down to one thing — Binance.
Now with the secure and easy-to-develop Axelar network, we have everything you need to CONNECT all networks together. All chains will benefit from this, as liquidity will be in the black.
As a validator, I consider it my duty to hold Axelar nodes with the most secure server settings and validator architecture (Sentry Nodes, Double-signing prevention, notification of hack attempts, and so on)
I sincerely believe in the success of Axelar, as the company’s vision coincides with the development vector of blockchain technologies.
I am already a validator on the AXELAR-TESTNET-CASABLANCA-1 testnet and encourage the validator community to join us. Let’s participate in the technologies of the future today.
Dovumentation — https://docs.axelar.dev/
Axelar wiki — https://surftest.gitbook.io/axelar-wiki/
My validator — https://testnet.explorer.testnet.run/axelar-testnet-2/staking/axelarvaloper1eu28tqtanwe0fsl9nrfazr4re3rfewah889qg6
