Axelar is a network that connects different blockchain. A blockchain for all blockchains.
The idea is to make Web 3.0 more secure with permissionless solutions, with a proof-of-stake mechanism, giving validators the option to stake AXL tokens in order to verify transactions.
At the time of writing, Axelar is capable of connecting 49 blockchains.
The AXL token is a proof-of-stake token, one billion of which were issued at launch.
The ultimate goal is to create a blockchain for all blockchains, but also a cross-chain bridge to allow larger pools of liquidity and even integrate NFTs across different chains.
I know that because I was just gifted free AXL by Revolut, which is actually a good app.
I wouldn’t use it for crypto, because there are better options, but it combines the virtues of Booking.com with Coinbase and your bank and Trading 212 in one.
I’m gradually moving away from traditional banking, and I’m doing it by combining crypto apps and other apps like Curve and Revolut.
It’s a long process, but we’ll get there eventually.
This article was crossposted on Publish0x.
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