Blockchain Ecosystems with Sergey Gorbunov

Today on Fortune Teller Podcast we are talking with Sergey Gorbunov, Co-Founder of Axelar Network. The Axelar Network brings Decentralized Interoperability to Ethereum, Cosmos Avalanche, Terra, Moonbeam and others, by unlocking cross-chain communications. Blockchain platform builders can plug-in their blockchain ecosystem to all other blockchain ecosystems.

Dapp builders can host their dapps anywhere, as well as lock, unlock, and transfer assets, and speak with dapps on other chains via Axelar API.
Users are able to interact with all applications across each blockchain’s ecosystem right from their wallet.

Axelar is empowered by a decentralized and open network of validators. Any user can join, use it, and partake in the Axelar protocol. Byzantine consensus, cryptography, and incentives are used to ensure high-safety and liveness needs for cross-chain requests.

The network is a universal platform to connects all blockchains via a decentralized network and an SDK of protocols and APIs. With the network and SDK, developers can effectively make new connections and implement their dapps with all blockchain ecosystems. This creates greater access to users, assets, liquidity, and many other applications.

Axelar differs from similar projects in that current projects work on interoperability within their own ecosystems. They generally lack methods to connect external blockchains based off of different consensus rules and software stacks. The need to provide interoperability in the wider crypto ecosystem has been met with unproven centralized point-to-point bridging options created in the market.

Axelar gives a complete solution to cross-chain interactions that is made to be interoperable with any chain. This allows for plug-and-play connectivity with little work to integrate new chains, and is made to be decentralized. Axelar features cross-chain routing and application-level transfer protocols.

This lets builders access all interconnected chains via the Axelar network. This results in allowing developers to build on the best platforms that suit their needs and use global liquidity and composability. Due to being decentralized, it is open for anyone to participate in.

Being universal in connecting, it is possible to scale across arbitrary Layer 1, Layer 2, Proof of Work (PoW) or Proof of Stake (PoS) chains. Retail users will be able to take advantage of cross-chain asset transfer workflows directly within the apps that they already use.

The Axelar Network has already been audited by NCC, Cure53, and Oak Security. Axelar continues to perform audits of other components and functionalities, stress-testing, and pen-testing of its network throughout development. In January 2022, the Public Mainnet roll out begins, after initial interrogations with Bitcoin, Ethereum, and the support of arbitrary EVM chains have happened.

To learn more about Sergey Gorbunov, visit:
Company Website: https://axelar.network
Instagram: https://www.instagram.com/axelarcore
Twitter: https://twitter.com/axelarcore
YouTube: https://www.youtube.com/channel/UCf8GFg58fdp1iZwLAOV1Tgg
LinkedIn: https://www.linkedin.com/company/axelarnetwork/

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The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/