Top US crypto exchange Coinbase has added sudden support for proof-of-stake blockchain Axelar, sparking a rally for its native token, AXL. Axelar is a project built using the Cosmos SDK (software development kit), and aims to deliver cross-chain communication between numerous other blockchains. Its functions include making cross-chain token transfers, calling smart contracts, or sending arbitrary messages from one chain to another. Developers can use Axelar to build decentralized applications (dApps) that allow users to interact with assets or applications on multiple chains within one platform. Says Axelar’s whitepaper, “Axelar enables dApp builders to add cross-chain functionality to their applications,Go to Source
Author: NixCoin