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What Is Axelar?

As a blockchain that connects other blockchains, Axelar stands out among blockchain interoperability networks and cross-chain bridge providers. As a blockchain, it establishes a smart (programmable) transport layer, capable of running smart-contract logic. This allows the Axelar network to automate tasks and abstract away complexities for both developers and end users – sometimes known as chain abstraction.

Cross-chain bridges and other cross-chain networks are dumb pipes. With Axelar network as a smart transport layer, the blockchain layer becomes:

💡 Abstracted for the user. With General Message Passing, applications send any payload & trigger multiple function calls across chains, enabling one-click UX.

💡 Abstracted for the app developer. The Axelar Virtual Machine automates complex tasks involved in managing token supply on multiple chains.

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What Is Solana (SOL)?

Scalability is one of the biggest challenges in blockchain technology. As networks grow, they often face limitations in terms of transaction speed and confirmation times. Because Solana is built on a new architecture, it tackles these limitations without compromising security or decentralization. 

Founded in 2017 by Solana Labs' Anatoly Yakovenko, the Solana blockchain is now one of the most widely used blockchains in the world. Solana uses a number of innovations, such as PoH and parallelization, to efficiently process tens of thousands of transactions per second (TPS) in one global state machine. 

How Does Solana Work?

Solana is a third-generation Proof of Stake (PoS) blockchain that has implemented a number of unique innovations to facilitate high throughput, fast transactions, and low fees: 

Parallelization: The ability to process more than one transaction at any given time.

Proof of History (PoH): A method of verifying time without the need for a conventional timestamp.

Tower Byzantine Fault Tolerance (BFT): A PoH-optimized version of Practical BFT.

Turbine: A block propagation protocol that keeps the network in sync.

Gulf Stream: A mempool-less transaction forwarding protocol.

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Why Is The Crypto Market Down Today?

Click and win rewords
The cryptocurrency market experienced a downturn recently, with the total market capitalization dropping by approximately 7.68% to $2.27 trillion on the previous day. Bitcoin , the largest cryptocurrency, is currently trading at $67,279, 7.69% down over the past seven days but reflecting 4.98% increase in the last 24 hours. Ethereum, the second-largest cryptocurrency, is trading at $3,527, down by 10.25% in the last seven days.
Click and win rewords

The cryptocurrency market capitalization decreased from $2.73 trillion to $2.53 trillion over the past seven days, while the 24-hour trading volume stands at $148.02 billion. The month has been marked by significant price fluctuations in cryptocurrencies, notably with Bitcoin reaching a new all-time high of $73,750 before subsequently dropping to the $62,000 level within a matter of weeks. It remains uncertain whether the second half of the month will bring slower growth or if cryptocurrencies will once again reach new all-time highs.

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An Intro to Cryptocurrency

A cryptocurrency is a digital asset secured by cryptography. They run on peer-to-peer networks that enable cheaper and faster transfers. Also, their distributed network enhances security as there is no single point of failure. Some of the main features of cryptocurrencies include:

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Censorship-resistant

A cheap and fast payment method

However, cryptocurrency trading is subject to high market risk. Please make your trades cautiously. And always DYOR (do your own research)!

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What Is Cyber Connect?

CyberConnect embraces the ideals of DeSoc by placing the reins directly into the hands of creators and their communities. They supply appropriate tools for developers to build innovative apps and provide a platform where creators can directly interact with their audience without going through an intermediary.

Here is a brief overview of CyberConnect’s release history:

CyberConnect V1 was launched in Q3 2021 as a decentralized social graph protocol. It provided developers with a shared data layer to construct their apps.

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What is Sui?

Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. Employing a novel object-centric data model, Sui supports dynamic and composable on-chain assets with sub-second transaction finalization
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