The existing solutions fall into one of two categories:
The Axelar protocol provides a uniform solution to cross-chain communication that’s designed to be interoperable with any chain, satisfy plug-and-play connectivity with almost no work to integrate a new chain, and is decentralized by design. Axelar stack includes both cross-chain routing and application-level transfer protocols.
One gateway allows platform and application builders to access all interconnected chains via the Axelar network. As a result, developers can build on the best platforms for their needs while leveraging global liquidity and composability.
The team will continuously support a testnet environment pre and post mainnet launch. We expect to release a new testnet version every 4–8 weeks with more features and properties added.
The testnet will remain open for several weeks until the next iteration is released, at which point the team may wind down the testnet between releases for maintenance and to prepare for the next version.
The exact duration will depend on the complexity of the functionality we’re testing, operational support, and other factors.
Axelar’s initial focus is to support frictionless asset transfers across arbitrary chains. By creating the necessary infrastructure for cross-chain communication, Axelar is building a network and application that will allow all users to be able to use any asset in any application on any platform, making cross-chain liquidity accessible to all.
Axelar Network also allows applications to compose across arbitrary chains. For instance, if you want to retrieve interest rate information for example from one platform, you’ll be able to execute a general request through the application-level protocols and retrieve an interest rate from a different platform for your application.
There are two paths for interacting with the Axelar protocol: through the applications that are being built such as asset transfer applications, or by direct integrations with application builders.
An initial application that has been built is to allow a user to take their asset and rapidly move it to one of the other connected platforms, then participate with it directly in that application.
The next phase of integrations is direct integrations with application builders. If an application builder builds on top of blockchain A but wants to include assets or compose with applications from blockchain B, they can integrate the Axelar protocol with their application. By connecting to Axelar, they will be able to issue requests to interact with assets of all supported ecosystems.
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