2023-07-12
Axelar and Microsoft announced partnership.
Axelar's blockchain data integration and interoperability solutions will be
available to Microsoft customers via Azure Marketplace, the software discovery & integration platform used by
Microsoft's thousands of cloud computing infrastructure customers.
Axelar and Microsoft have also agreed to
explore connecting private with public blockchains and leveraging Azure OpenAI
services to create entirely new experiences in Web3.
Axelar is a decentralized network that
connects blockchains with each other and with external data sources. It enables
cross-chain communication and interoperability
Axelar consists of three main
components: the Axelar Core, the Axelar Hub, and the Axelar Bridge.
The Axelar Core is a proof-of-stake
blockchain that runs the Axelar protocol, a set of smart contracts that
coordinate cross-chain transactions and data transfers.
The Axelar Hub is a network of
validators that secure the Axelar Core and relay messages between blockchains.
The Axelar Bridge is a software module
that integrates with existing blockchains and allows them to interact with the
Axelar network.
By using Axelar, developers can build
applications that leverage the best features of different blockchains, without
having to deal with the complexity and fragmentation of the current landscape.
Axelar ranks #179 largest crypto by
market cap. AXL, the native token of the Axelar network has a fully diluted
market cap of $393 million.
