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Axelar Network
@axelar-network
With @ethdenver 2024 in the books, here are some key takeaways and insights from the week: From Axelar BD lead @normiejim: Bull market energy is back, and people are excited and motivated to build new decentralized applications- Modularity is all the hype with projects like @monad & @celestia 🦾
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Axelar Network
@axelar-network
Cont: Axelar is widely recognized as a Tier 1 interoperability solution, the network has proven itself through the team’s commitment to decentralization and security.
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Axelar Network
@axelar-network
⚙️From the DevRel team: Most L2s have a potential vulnerability on the L1- they could lie about transactions at the sequencer, however Axelar's integration mitigates this problem with a more secure and decentralized path: the network bases messages on cryptographic truth at the L2 level.
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Axelar Network
@axelar-network
Meaning, Axelar solves the L2 sequencer centralization problem because a state change that is verified on L2a gets transmitted to Ethereum or to L2b faithfully, without going through the centrally controlled sequencer.
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