With the help of the Axelar blockchain network, hundreds of different and previously isolated blockchains can now work together more seamlessly in the multi-chain future.
The Axelar network consists of SDKs and APIs that enable cross-chain composability, a set of decentralized validators, secure gateway contracts, standard translation and routing architecture, and various SDKs. In addition to being able to access users, assets, and apps across all ecosystems, developers can build apps on the ideal platform for their use case.
Axelar’s main goal is to build the basic infrastructure needed to onboard the next billion Web3 users. To accomplish this, Axelar plans to:
- Provide blockchain developers with a simple and easy-to-use mechanism to interact with other chains.
- Provide cross-chain compatibility for decentralized application (dApp) developers.
- enabling seamless user interaction with applications in various ecosystems
Technology
Three key elements make up the two-layer system of the Axelar network. A decentralized network supported by validators, who perform transactions and keep the network running, makes up the first part. Validators manage the Cross-Chain Gateway Protocol, an overlay found on top of Layer 1 blockchains. This protocol allows validators to cast their votes, verify occurrences on external joined chains, and perform read and write activities. in the smart gateway contracts created there.
The second part consists of gateways, which are smart contracts that link the Layer 1 blockchain connected to the Axelar network. Validators monitor gateways for incoming transactions and inspect them for authenticity. After reaching an agreement, they write to the destination chain gateway to perform the cross-chain transaction. The underlying infrastructure layer is made up of validators and gateways.
APIs and SDKs build on top of validators and gateways, giving developers simple access to the Axelar network. By introducing global interoperability into their blockchains and applications, developers can compose two chains in one hop, thanks to this application development layer. With Axelar, developers can handle cross-chain requests, execute cross-chain application triggers, and transfer assets between addresses on two blockchain platforms.
Essentially, Axelar reduces cross-chain interop to a single set of API requests. This is a crucial component of adoption because the developer experience for deploying Web3 applications should be as seamless as possible, as it is for Web2 developers, where specific implementation considerations for each underlying ecosystem and network are largely abstracted. .
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