Axelar & Unlocking the Future of Blockchain Interoperability

#SergeyGorbunov
#Axelar
#REDeFiNETOMORROW2023
#SCB10X

Fireside Chat: Axelar & Unlocking the Future of Blockchain Interoperability
• Sergey Gorbunov, CEO & Co-founder, Axelar
• Moderator: Travis Scher, Co-founder & Managing Partner, North Island Ventures

1/ The Axelar network aims to provide secure and seamless interoperability across blockchains. By connecting multiple layer 1 and layer 2 networks, Axelar facilitates a unified blockchain experience for developers and users.

2/ CEO Sergey Gorbunov discussed how Axelar enables arbitrary cross-chain contract calls and message passing to automate complex functions across chains.

3/ Unlike traditional bridges, Axelar offers enhanced security through proof-of-stake and a decentralized validator set. Axelar provides a general interoperability solution beyond simple asset transfers.

4/ Axelar's vision is to surpass the limitations of bridges and provide a secure, unified environment for developers and users to interact with various blockchains.

5/ Axelar has enabled general message passing across 38+ chains, including major layer 1s, layer 2s, Polkadot, and Cosmos chains. Developers can now build chain-agnostic apps and users can access Cosmos chains from EVM wallets.

6/ Axelar distinguishes itself through its security model and broad functionality. As the only decentralized interoperability solution based on PoS that is crossing dozens of ecosystems, Axelar offers programmable infrastructure to design custom connectors and build unique use cases.

7/ Several protocols are building on Axelar, including decentralized swap and lending platforms. The goal is to enhance UX and liquidity by making apps chain-agnostic.

8/ Looking ahead, combining chains with different properties can optimize UX and efficiency. Integrating AI is a potential long-term milestone.

9/ Interoperability enables innovation by allowing chains to evolve independently while connecting. Axelar aims to foster an open infrastructure layer where developers have the freedom to innovate.

10/ The session provided insights into Axelar's capabilities, differentiation, use cases, and impact on enabling blockchain innovation at scale. Overall, security, decentralization, and interoperability are crucial to connect, grow, and scale the evolving MultiChain ecosystem.