Axelar Collaborates with Arbitrum to Host the Cross-chain Collider ETH Interop Party on February 26th in Denver

The event will take place during ETHDenver. AXL Info Axelar is designed to facilitate secure cross-chain communication for Web3, serving as a pivotal tool for decentralized applications (dApps) builders.

Axelar, a decentralized network facilitating secure cross-chain communication, is partnering with Arbitrum to host the Cross-chain Collider ETH Interop Party on February 26th in Denver. This event will unfold during ETHDenver, a renowned gathering in the Web3 space.

Delving into Axelar's Architecture

Catering to the needs of decentralized application (dApp) builders, Axelar aims to simplify cross-chain communication. The project boasts three integral components: a decentralized network, a software development kit (SDK) complete with protocols and APIs, and gateway smart contracts for enabling cross-chain connectivity. Axelar's mission is to streamline and enhance cross-chain communication while ensuring security and flexibility.

Powered by a proof-of-stake (PoS) consensus mechanism, Axelar's operations are governed by a decentralized network of validators. App builders can effortlessly integrate a simple API that handles message routing and maintains network security. Notably, Axelar boasts the capability of secure cross-chain communication via dynamic validators, a unique feat in building such functionalities on a PoS system.

The native token of the Axelar network is denoted as AXL, serving as the lifeblood of the ecosystem. The Axelar protocol also boasts the capability to facilitate the cross-chain transfer of various native tokens, such as AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon), through their wrapped ERC-20 versions.