Axelar Network has released Axelar Core v.1.3.5 for both mainnet and testnet. The update includes a security patch for CometBFT, the consensus engine underlying the Cosmos SDK, as well as a fix for a non-critical issue in the rewards module.
AXL Info
Axelar is designed to facilitate secure cross-chain communication for Web3, serving as a pivotal tool for decentralized applications (dApps) builders. The project provides a decentralized network that facilitates seamless interaction across different blockchain platforms. Axelar’s system is comprised of three core components: a decentralized network, a software development kit replete with protocols and APIs, and gateway smart contracts that enable cross-chain connectivity. Its mission is to simplify and enhance cross-chain communication while maintaining security and flexibility.
The operation of Axelar revolves around its decentralized network of validators, powered by a proof-of-stake (PoS) consensus mechanism. App builders can utilize a straightforward API that routes messages and ensures network security. What sets Axelar apart is its secure cross-chain communication over dynamic validators, claiming to be unique in building such capabilities on a PoS system.
AXL is the native token of the Axelar network, and it plays a vital role in the ecosystem. The Axelar protocol also facilitates the cross-chain transfer of various native tokens, including but not limited to AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon), through their wrapped ERC-20 versions.
