Introduction
In the rapidly evolving world of blockchain technology, cross-chain interoperability has emerged as a crucial area of focus. Among the pioneers in this field stands Axelar Network, a platform that seamlessly connects over 30 blockchain networks, including Fantom. Axelar’s mission extends beyond mere bridging; it envisions a fully interoperable Web3 landscape.
Axelar Network: A Closer Look
Axelar is a Proof-of-Stake (PoS) blockchain that operates as an overlay network for other blockchains. This architecture enables secure and efficient cross-chain communication, empowering developers to create decentralized applications (dApps) that grant users seamless access to assets and applications across multiple chains with a single click.
Decentralized Architecture
Axelar’s decentralized nature is powered by a network of validators. This open and inclusive architecture allows anyone to participate in the network’s operation, ensuring its resilience and reliability.
Cross-Chain Protocols
At the core of Axelar’s technology lie two permissionless protocols:
- Cross-Chain Gateway Protocol (CGP): CGP facilitates message routing and translation between Gateways on external chains, enabling secure read and write operations.
- Cross-Chain Transfer Protocol (CTP): CTP allows full nodes on connected external chains to communicate with Axelar validators, facilitating the transfer of messages and data.
Gateways: Connecting External Chains
Gateways serve as bridges between Axelar Network and external blockchains. These gateways enable the exchange of messages, data, and assets, ensuring seamless interoperability.
Satellite Bridge: Bridging the Cosmos and Ethereum Worlds
Satellite, a web-based application, simplifies the transfer of assets between Cosmos-based chains and EVM-compatible blockchains. This bridge provides a user-friendly interface, making inter-chain asset transfers a breeze.
Supported Assets
Axelar Network supports a range of native assets, including AVAX, ETH, FTM, MATIC, and GLMR. Users must verify the correct token contract before depositing assets to avoid potential losses.
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