Cryptocurrency Q&A
Is Axelar a layer 1?
Is Axelar a layer 1?
Alessandra
Tue Oct 29 2024
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6 answers
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I'm exploring blockchain technologies and came across Axelar. I'm trying to understand its position in the blockchain ecosystem. Specifically, I want to know if Axelar is considered a layer 1 solution.
6 answers
ShintoSanctuary
Thu Oct 31 2024
The Axelar network, denoted as AXL, represents a groundbreaking advancement in the realm of blockchain technology.
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KatieAnderson
Thu Oct 31 2024
It operates as a Layer-1 network, which sets the foundation for its unique functionalities and integrations.
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CharmedSun
Thu Oct 31 2024
One of its CORE capabilities is enabling cross-chain interoperability, a feature that allows different crypto ecosystems to communicate seamlessly.
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Matteo
Wed Oct 30 2024
This interoperability is achieved through a sophisticated overlay network that sits atop the existing blockchain infrastructure.
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lucas_jackson_pilot
Wed Oct 30 2024
By acting as a bridge, the Axelar network facilitates the transfer of value and information between various blockchain platforms.
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