$❗️❗️❗️ What is AXL token? Highlights of Axelar Network

✍ What is Axelar Network (AXL token)?

Axelar Network is a special blockchain, capable of connecting many blockchains together. The project enables resilient cross-chain communication networks, thereby promoting the global development of the blockchain industry. Axelar uses General Message Passing (GMP) to support cross-chain computing and ensure cross-chain message security.

AXL token plays an important role in staking, management, and payment of transaction fees in Axelar Network. The platform enables developers to easily interact through SDKs and APIs to accelerate the development of Web3.

✍ Structure of Axelar Network

- Technology stack: Technology stack includes decentralized networks, gateway smart contracts, APIs and development tools

- General message passing (GMP): GMP is not only a regular bridge but also allows applications to send and receive all types of data on different chains. This includes call hash, data and order property. GMP helps applications provide a smooth, easy-to-use user experience.

- Hub and spoke structure: The structure of Axelar Network is built using the hub and spoke model. With Axelar as the hub, other blockchains connect to the platform instead of connecting directly to each other similar to tree trunks and branches.

Axelar Network's growth is demonstrated through its large number of transactions and active users. The project is applied to a variety of fields, bringing the power of cross-chain communication to many platforms.

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