08/01/2022
Introduction of Blockchain Interoperability | Axelar Thailand Society
Nowadays, we surf on the internet and browse websites and interact with different content from dozens of servers, networks, and geographic locations. Each web page includes links to other websites, frames, images, video, pop-up windows connecting it to other web pages.
Blockchain Interoperability
is still in the early days of ecosystem development like the internet were in 1990, and several core like protocols and APIs are missing that prevent us from achieving global blockchain adoption.
Several major platforms such as Ethereum, Cardano, Terra, Cosmos, Avalanche, Algorand, Near, Celo, and Polkadot offer distinct features and development environments need core protocols like the internet were in 1980
And that Axelar network offer the solution that includes a protocol suite and APIs.
However, there were not smooth as silk for users and developers in bridging and communication each other in 1990’s, and the problem had been solved by
The core protocols are
Cross-Chain Gateway Protocol (CGP). This protocol is analogous to Border Gateway Protocol on the Internet.
Cross-Chain Transfer Protocol (CTP). This protocol is analogous to application-level protocols File Transfer, Hypertext Transfer Protocols on the Internet.
Axelar network offers the following advantages:
• For blockchain platform builders: Ability to easily plug-in their blockchains to all other blockchain ecosystems. Only a threshold account needs to be set up on the chain to plug into the network.
• For dapps builders: Application builders can host their dapps anywhere, lock, unlock, transfer assets, and communicate with applications on any other chain via CTP API.
• For users: Users can interact with all applications across the ecosystem directly from their wallets. A Platform for Builders.
Finally, Axelar network is a platform for developers and a global community. Its governance model is open to anyone. Developers can propose new integration points, routing, and application-level protocols, and the users can decide whether to adopt them by voting on the proposals and, if approved, validators will adopt the changes
- Website: https://axelarthailand.com/
- English Content: https://axelarthailand.com/2022/01/08/introduction-of-blockchain-interoperability-axelar-thailand-society/
-Thai Content: https://axelarthailand.com/2022/01/08/%e0%b8%97%e0%b8%b3%e0%b8%84%e0%b8%a7%e0%b8%b2%e0%b8%a1%e0%b9%80%e0%b8%82%e0%b9%89%e0%b8%b2%e0%b9%83%e0%b8%88-%e0%b8%81%e0%b8%b2%e0%b8%a3%e0%b8%97%e0%b8%b3%e0%b8%87%e0%b8%b2%e0%b8%99%e0%b8%a3%e0%b9%88/