Axelar protocol was developed by the founding members of Algorand and their team. It is powered by a decentralised network and designed to connect all blockchain ecosystems that speak different languages.
This will allow developers to launch and utilise products across multiple chains including Bitcoin, Ethereum and Polkadot.
Commenting on the investment, Teck Chia, Head of BINANCE X, said: “We are impressed by Sergey and Georgios from the Axelar team for their strong background in cryptography and consensus.
“Interoperability is an important challenge for today’s blockchain ecosystem. We appreciate Axelar’s decentralised, secure, and uniform approaches to complete cross-chain communication. We look forward to supporting Axelar in enabling interoperability with the Binance Smart Chain.”
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