#007: Axelar Network: James Friel

James joined the blockchain universe from traditional publishing having spent time at both Bloomberg and Time. But his experience there prepared him to truly address the reality of digital transformation.

James discusses the difference between the fundamental application of a cross-chain "bridge" and what Axelar is capable of and how it goes above and beyond the standard transfer of assets. Axelar is able to pass granular messages back and forth from different chains even if those chains are using non-compatible languages. The traditional model of bridging assets means a locking, wrapping and a mint/burn mechanism. James identifies this correctly as a solution that leads to greater and greater fragmentation of assets and liquidity as well as a growing attack surface for hackers.

Axelar deploys a delegated proof-of-stake method where a decentralized network of validators secures the balance of the ledger. This solves a historic venerability where locked assets would reside in a smart contract that was secured by a simple 2-of-2 or 3-of-5 multi-sig wallet.

To learn more about the options that Axelar provides, visit them at https://axelar.network/.

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