Axelar to Upgrade Testnet for Cosmos SDK Support
Axelar announces that its testnet will undergo an upgrade on December 1 at 2 PM UTC. The update introduces support for Cosmos SDK v.0.50, reducing block times from five seconds to one second.The maintenance window is expected to last about one hour. During this period, testnet versions of Axelar Network will have token transfers and General Message Passing (GMP) temporarily unavailable. All pending GMP calls will be executed automatically once the upgrade is complete.AXL InfoAxelar is designed to facilitate secure cross-chain communication for Web3, serving as a pivotal tool for decentralized applications (dApps) builders. The project provides a decentralized network that facilitates seamless interaction across different blockchain platforms. Axelar’s system is comprised of three core components: a decentralized network, a software development kit replete with protocols and APIs, and gateway smart contracts that enable cross-chain connectivity. Its mission is to simplify and enhance cross-chain communication while maintaining security and flexibility.The operation of Axelar revolves around its decentralized network of validators, powered by a proof-of-stake (PoS) consensus mechanism. App builders can utilize a straightforward API that routes messages and ensures network security. What sets Axelar apart is its secure cross-chain communication over dynamic validators, claiming to be unique in building such capabilities on a PoS system. AXL is the native token of the Axelar network, and it plays a vital role in the ecosystem. The Axelar protocol also facilitates the cross-chain transfer of various native tokens, including but not limited to AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon), through their wrapped ERC-20 versions.