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Axelar launches MDS developer component: The ultimate solution for interoperability
For the first time in Block chain history, a solution that allows dApps to easily connect with any user and operation logic on the Internet, while maintaining verification and end-to-end open source properties.
With the help of Axelar MDS, the potential of Blockchain goes far beyond simple bridges or Oracle Machines. Users can send a message on Telegram to rebalance the insurance pool on Sui, which can then interact with Decentralized Finance protocols on Arbitrum and private Blockchains of financial institutions. This level of integration and interoperability opens up a world of possibilities for Decentralized applications.
The three main components of Axelar MDS are:
Interchain Amplifier: Now on Mainnet, it's a simple, permissionless way to connect your chain with the Axelar Network and its supported chains. It supports dynamic, customizable integrations, and can connect chains such as SUI, Aptos, and Solana.
Inter-chain Token Service (ITS): A trap-grade tokenization tool that can completely replace cross-chain bridges for on-chain minting and management of tokens across any connected blockchains. With ITS, tokens can be natively transferred across-chain while maintaining full functionality and interchangeability.
Axelar Virtual Machine (AVM) supports Amplifier and ITS to enable Smart Contract logic at the cross-chain layer. This opens the door for a new generation of multi-chain developer tools and complex dApp scenarios. ETH introduced ProgrammabilityToken, while Axelar introduced Programmability interoperability.
By combining these additional features, Axelar has created the most comprehensive interoperability platform on the market:
Flexible, enhanced economic security: The connection with ETH (through EigenLayer) and other external Collateral adds a layer of customizability to Interchain Amplifier, which has already allowed for custom security configurations for new integrations.
Built in collaboration with OpenZeppelin to create an open interoperable interface, integrated into OpenZeppelin's leading smart contract library. Developers using these Open Source semantics can plug in any interoperability technology.