At the moment, we can witness the rise of one of the most revolutionary projects in the blockchain world. The project was created with the idea of making life easier not only for ordinary cryptocurrency users, but also for application developers.
Axelar Network aims to simplify cross-chain interaction. This means that creating bridges to support applications will be much easier and more understandable, and at the same time requires less money to create.
Axelar can safely be called a blockchain for blockchains. Thanks to its core protocols, it will allow an application on the Ethereum network to enter into contracts on the Binance or Cosmos network just as easily.
The main protocols in the official white paper are compared to those of the Internet, and not surprisingly, because they perform similar functions.
Cross-Chain Gateway Protocol (CGP) — This protocol is used to connect multiple autonomous blockchain ecosystems and is responsible for routing through them.
Cross-Chain Transfer Protocol (CTP) — Allows users to interact with applications on other networks using simple API calls.
The project has already entered into several partnerships with significant projects such as Avalanche, Terra, Moonbeam, etc.
more details https://axelar.network/blog/partnerships
The team has experience in the blockchain world. Information about them can be found at https://axelar.network/team.
The mainnet will be rolled out shortly and the first applications will start running on the Axelar system.
The project is able to completely change our understanding of the scalability of cryptocurrency systems (scalability has always been one of the main problems of the blockchain system), and will become an impetus for even greater interest from people who have never known it.