Axelar launches new inter-chain token service: making ERC-20 token exchange more free

Blockchain project #Axelar recently launched a new service called "Interchain Token Service" (ITS). The main goal of this service is to make it easier for all ERC-20 tokens on Ethereum-compatible chains to communicate and use each other.

Ethereum is a blockchain technology, and ERC-20 tokens are like digital currencies issued on Ethereum. Axelar’s ​​new service makes it easier to use all of these currencies in different places.

Decentralized exchange SushiSwap is one of the first institutions to use this service. It's like a market, but there is no central manager and all transactions are completed automatically.

So, to put it simply, Axelar’s ​​new service is to make it easier to exchange and use special currencies on Ethereum.

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