AXELAR — a new step in the development of cryptocurrency
What is the AXELAR?
Axelar Network is a platform specialized in cross-chain communications.
The first question immediately arises — “What is it for?”.
In fact, everything is simple.
The network was created to connect blockchains of different platforms with each other.
For example, your work involves several ecosystems, and you need them to easily interact with each other.
That’s what AXELAR is for. Thanks to Axelar, application developers will be able to choose the best blockchain to host their products, as well as combine other ecosystems in their project.
The platform provides a huge opportunity: multi-interaction with multiple applications that are controlled from their wallets.
The advantage of the Axelar network in the market compared to other similar platforms:
1) Blockchain developers will be able to easily connect their platforms. To connect them, they will only need to register an account and log into it.
2) Users will be able to interact with apps directly from their wallets
3) Developers of decentralized applications will be able to host and manage their applications anywhere.
Axelar Network is a multitasking network that allows you to get information about any interest rate from the platform of your choice. The request will be executed over a common protocol from one application to another.
Axelar focuses on supporting the rapid transfer of assets between different blockchains.
The project is serious and promising . The list of funds that have supported the project proves it: Coinbase Ventures, Crypto.com, Binance, etc. It is the funds that are an indicator of the success of the project.
My opinion is, of course, subjective. But, I recommend not to pass by the project, especially for beginners. Not everyone is still aware of the enormous significance of the project, which creates such a multitasking network between different systems. This will help improve the communication and operation of many applications, as well as simplify their interaction with the consumer.