- What is Axelar? (EN)
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Axelar — It is a decentralized network, protocols, APIs and tools aimed at creating simple cross-chain communication for the blockchain ecosystem. Also, with the help of Axelar, dApps will be able to interact seamlessly with different ecosystems.
Thanks to a decentralized open network of validators, anyone can join the Axelar Network, use it and participate in the network protocol.
What are the main protocols Axelar uses?
- CGP — Inter-chain Gateway Protocol
It is necessary to connect blockchain ecosystems of different structures, and is also responsible for routing between them. With it, you do not need to make any changes or additions to the source code of the ecosystem.
CTP — Inter-Chain Data Transfer Protocol
This protocol makes it easy for dApps to use cross-chains.
We’ll talk about him a little later.
What does the Axelar network offer?
For developers of blockchain platforms:
The ability to connect your blockchains to all other ecosystems without changing the source code.
For dApps developers:
The ability to place your dApps on any blockchain platform, block, unlock, transfer assets and interact with applications in any other chain through the Axelar API
The ability to interact with all ecosystem applications from their wallets
Other developers can also offer new integration points, protocols and routing at the application level. Users will vote for the applications, and validators, if approved by users, will accept the changes.
How is Axelar going to scale inter-chain communication?
Developers of blockchain platforms, in order to support the cross-chain, do not have to carry out difficult integrated work. The protocol should be seamlessly connected to any existing or new blockchain platform.
Changes in one ecosystem should not affect compatibility with other blockchains. The system itself must recognize and track updates.
For easy communication between ecosystems, it is necessary to support address discovery between them, applications and routing.
A common language for applications.
A simple protocol is needed for asset transactions and communication with other applications, regardless of where they are located.
Networks should be decentralized, open and allow participation in their development.
The system must guarantee high performance for applications using its capabilities.
The system should guarantee high security for assets in the process of processing by an inter-chain network.
Axelar provides a solution for cross-chain communication that meets the needs of both platform developers (no integration work is needed) and dApps developers (one protocol and API for accessing interaction with the entire ecosystem).
The Axelar Network consists of a decentralized network that connects various blockchain ecosystems, and protocols with APIs that make it easier for applications to work between chains.
The network connects already existing autonomous blockchains (Bitcoin, Terra, Algorand, Stellar) and interoperability centers (Ethereum, Polkadot, Avalanche, Cosmos).
Axelar aims to enable developers to create applications without deploying their own inter-chain protocols, using the Axelar universal protocol and API.
The network operates according to the DPoS model.
This model allows you to maintain a large decentralized set of validators, ensuring that validators are responsible for maintaining bridges.
About the CTP protocol
CTP is a protocol that allows applications to use the capabilities of inter-chain communication.
Applications mainly consist of:
- External graphical interface
Smart contract (on one chain)
The intermediary node that carries out transactions between the first two components
The CTP protocol has:
- CTP requests.
Developers can host their applications on any chain and embed their smart contracts with threshold bridge accounts to fulfill CTP requests.
Threshold bridge accounts.
If a developer has placed their smart contract on a single chain, then this contract will refer to threshold bridge contracts for inter-chain support.
Threshold bridge contracts allow dApps:
Register the blockchain they want to interact with
Register the assets on the blockchain that they want to use
Perform operations on assets
The Axelar network is aimed at combining various blockchain ecosystems into one inter-chain layer.
Application developers will be able to create their own dApps using a universal protocol and API for accessing inter-chain communication.
Axelar Network partners are companies such as Avalanche, Keprl, Terra, Moonbeam, Chainnode, Polygon, Chorus, Pangolin, Cosmostation, P-OPS Team, Citadel.one and Metrika.
This list and links to each partner can be found on their website.
- Date of publication:
- Sat, 01/15/2022 - 03:19
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