Sergey | Axelar
@sergey_nog
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Following
1,521
Media
125
Statuses
1,658
building @axelarnetwork . crypto(graphy), algorithms, dist systems. prof @uwaterloo , @MIT PhD. pr: @algorand , @IBM . (RTs and likes are not investment advice)
Joined October 2019
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어린이날
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子供の日
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えーりん
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Blockchain infra is still in the 80s. Dress appropriately.
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There will be 1000 write-ups criticizing the technology, approach, or distribution of
@worldcoin
. In fact, it's pretty easy to do this for any person with crypto/security background. + You'll get a lot of media attention.
But I think it's important to take a step back, imagine…
Going forward, the Hamming distance between your eyeballs and mine will be used to differentiate us. This will be fun. cc
@worldcoin
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Really tried to be nice, but let me repeat for the last time --
@LayerZero_Labs
does not understand technology. Period.
* Transport layers provide message segmentation, delivery, flow control, congestion control, path discovery, quality of service mechanisms, etc.
* They…
@jason_c_ma
@LayerZero_Labs
@PrimordialAA
Sir you are completely misconstruing what is said.
LayerZero is building the permissionless infrastructure layer for all of interoperability (the entire transport layer).
In this permissionless system any entity including Axelar should be able to plug and play within the…
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Security is a multi-dimensional problem with a binary outcome.
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* 12 seconds cross-chain swap between
@MoonbeamNetwork
&
@BNBCHAIN
.
* 17 seconds swap between
@FantomFDN
&
@0xPolygon
and last but not least ...
* 25 seconds swap between
@ethereum
&
@MoonbeamNetwork
Pinch me. Am I dreaming?
@axelarcore
@squidrouter
Let's hit < 2s F1…
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Yesterday the
@axelarcore
processed over $140M in cross-chain transfers. Last 7 days: $283M.
It was the highest used bridge network with Nil robustness issues.
Beating even volumes of the highest native bridges by almost 3x.
[Bridges built on top of the…
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Almost "everything" you need to know about fully homomorphic encryption and how it can solve (at least some) of our data privacy problems.
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/1 Folks -- let's start building cross-chain. Here's everything you need to know to get started. ⬇️
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Bryan spends so much time watching
@axelarnetwork
network upgrades because, well,
@LayerZero_Labs
runs on top of
@axelarnetwork
.
After failing to build a solution to the problem, they switched to building a wrapper on top of real solutions 🤷♂️.
#zerotech
#zerosecurity
Imagine tcp/ip going down for a casual 2 hours of downtime. Immutable messaging protocols not 3rd party messaging services.
Imagine your app having externally enforced scheduled downtime without your say or ability to prevent it. Choose defi and decentralization
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#Cosmos
reminds me of Canadian universities.
Great talent, great tech, amazing ideas.
Need: funding, marketing, and networking.
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It's sad to see most Canadian startups get sucked into the local bubble of small government grants, endless local meetups organized by bankers/government to teach each other, and useless "entrepreneur of X" awards. If you build in Canada, you need to sell outside/be global from…
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.
@Polkadot
: 23 connected chains, ~ 665k cross-chain messages, unknown $ transfer value; in development since 2017.
@axelarcore
49 connected chains, ~900k cross-chain messages, > $6.5B processed, in development since 2020. ~ 1/4 of Polkadot's venture funding.
Efficient…
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Over the last 5 years, over $1B of venture capital went into development of ZK tech*. Astonishing. Invented over 30 years ago. Improved over decades. Unlocked by an application. Check out some of the original papers.
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It takes full 6 seconds to do a cross-chain swap between
@arbitrum
and
@KAVA_CHAIN
. Unbelievable. Let that sink in. cc
@axelarcore
@squidrouter
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L2s are about to explode with leading ecosystems like
@0xPolygon
@arbitrum
@optimismFND
moving towards app-chain models. This will allow us to scale, but the fragmentation in liquidity, dev experiences, and user experiences will be unsustainable, unless we keep building…
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great demo of a bridge app build on
@axelarcore
testnet by
@PantyTonight
Almost 3 weeks development on Axelar cross-chain UI. The latest update is to support Keplr wallet to enable cross-chain transfer from Axelar to EVM chains such as Moonbeam, Ethereum, Avalanche, Fantom, Polygon. Let's see how it looks
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Have you ever wondered why Threshold ECDSA is painful, Threshold Schnorr is straightforward, and Threshold BLS is trivial? Here's an informal explanation:
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Writing Zero Knowledge provers -- notoriously known as one of the hardest tasks in crypto/programming -- will be fully automated by AI within the next few years. Why?
(1) The problem statements are usually well defined -- there is an input, a program, and a desired output. So…
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The difference between
#Cosmos
IBC,
@Polkadot
interop and
@axelarcore
is the approach and philosophy to connectivity.
The first two assume homogeneous architecture, and certain rules must be met to achieve connectivity.
@axelarcore
supports heterogeneous systems and "adopts"…
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/1 As the
@axelarnetwork
expands with more connections and programmability at the network level, it will be easier and easier to engage, build and expand the chain-agnostic future. Here's a few ideas on the infra layer to get started & how to get funding.
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When Silicon Valley folks tell me they take cold showers to train resilience, my jaw drops. You mean you got up from a nice bed, took off your earplugs and satin eye mask, had an espresso, took a cold shower, and went to work? And now you're resilient?
If you're looking to…
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In recent conversations with
@TaschaLabs
&
@ChorusOne
, I've been asked on what I think about appchains vs shared blockchains. Here's a simple framework to help devs think on where to build:
1. If you don't know what you're doing / don't have a product-market fit -- launch on a…
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Welcome
@chainlink
and
@SergeyNazarov
to the interop land. Ping us if you have any questions.
1/ The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets.
#LinkTheWorld
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#1
biggest DeFi innovation of 2023 -
@squidrouter
on
@axelarnetwork
.
If you're not building chain-agnostic dApps & experiences for your users for the next cycle (1-click from any chain), don't build at all. Users want simplicity.
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Great chatting with
@BanklessHQ
@TrustlessState
@sgoldfed
&
@zmanian
on General Message Passing between Cosmos and Ethereum.
TLDR: You can build a Cosmos app chain & have
@MetaMask
users interact with it seamlessly from any EVM chain without bridging!
[and vise versa: Cosmos…
🚨PREMIERE 🚨
@axelarcore
just unlocked the new era of interoperability 🚀
- What's the TLDR?
- Why's this a game changer?
- Which chains will benefit?
Guests:
@sergey_nog
@sgoldfed
@arbitrum
@zmanian
@cosmos
Tap in! 👇👇
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In 2021 we confused devs by asking them to choose an L1/L2 to build on. It's a hard choice involving many tradeoffs. In 2023 we're confusing devs by asking them to choose an execution, a data availability, a storage layer, etc. Stop the madness. Build
#interchain
.
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We're officially back to the Terra heights! But this time without crazy incentive pumps and with General Message Passing.
#organicgrowth
#keepbuilding
.
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Have you ever heard about Zero-Knowledge Proofs(ZKPs) and Secure Multi-Party Computation(MPC)? They're making their way to our systems. But did you know that you can build ZKPs from MPC generically? If not, this is a must read result:"MPC in the Head."
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It's been an amazing journey to get here. Very proud of
@axelarcore
; thank you all of our partners, community, validators, and builders! Let's continue building the web3 future togehter!
Using Web3 today is like sending email in the 80s: Overwhelming, tedious, clunky.
Axelar is changing this. Powering a cross-chain future that lets users tap any asset, any dApp, any chain w/ 1 click. Now, network & AXL token are live & decentralized! 🦾🔥
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90% of users won’t care if an exchange is decentralized. But they will now care if they can trust it. Decentralization is a tool to get to this end state.
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Launching a token on a single chain is so 2019.
You should launch them on all chains, in 1-click. Instantly global liquidity, cross-chain support, and distribution.
Welcome 2023.
Last week at
@Interop_Summit
,
@sergey_nog
posed a question 🤔
How do you make a token available on ALL chains?
He then unveiled a simple interface where anyone can deploy tokens across multiple ecosystems in one click.
The Interchain Token Standard 🔜
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Here's a powerful service to simplify cross-chain interactions: You can now deploy your cross-chain contracts with a constant address across multiple EVM chains. Why bother? Read more to find out:
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Fact
#2
:
@axelarcore
traffic increased by 25x over the last 6 months!
What drives the growth? The up-and-coming category of applications that leverage General Message Passing to enable unified developer and user experiences across dozens of chains.
Over the next week, I'll tell you 5 facts about
@axelarcore
that you wish you knew. Mark the thread & comment below if you have any specific Qs.
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The crypto space is unusable. The problem is getting worse with multiple layers continuing to spread across the stack isolating functionalities [storage, settlement, compute, and execution] to scale, yet adding to UX problems and fragmentation.
Abstracting developer and user…
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Prediction: Users and developers will care even more about decentralized systems, but not for the reasons you think. Here’s the gist:
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When people ask me about this "v2" announcement.
After failing to sell "we're the most trustless interop protocol" narrative via it's 2/2 multisig, security assessments of major projects like Uniswap, Layerzero has now pivoted its messaging into being a wrapper contract on top…
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ok, let me give you the punch line of what this means for devs:
GM, CT! We just announced something big for
#AvalancheSummit
hackathon: General Message Passing means u
#Web3
buidlers can develop cross-chain apps that:
1. Are decentralized and uncensorable. 🔏
2. Can call any function on any chain. 📞
How it work:
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The
#JensenIndex
-- the number of arm-hops separating you from the nvidia ceo. I'm at 2 arm-hops via
@ilblackdragon
and 3 via
@crainbf
. What a beautiful morning. ☕️
My arm was touched by the arm that was touched. Jensen number of 2. 🙏🙇♂️
@ilblackdragon
@buidl_asia
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Crypto industry will have an extra 2 years of free runway if we just consolidate our attention to 6 major events per year and cancel all others.
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Don't want to get Rekt by bridges? Build future-proof dApps.
Thread below.
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When they go down, we rise up.
@axelarcore
network saw some of its highest levels of activity last week with no interruptions.
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.
@Uniswap
decision to add fees to the front-end is a net positive for the industry:
1. Projects need to be sustainable and profitable.
2. It create competitive fee markets where VC capital is no longer used to subsidize growth.
3. They'll need to retain and grow users via…
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interop gets a new look & feel. check it out
@axelarnetwork
Today, blockchain interoperability has a new look and new language 🦾
Axelar is the shortest path to scale 👀 ⤵️ 🧵
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A good analyst can fit any data to fit a desired narrative. The best analyst has integrity not to do that and write narratives from facts.
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I still get shocked by the argument that light-clients or ZK proofs are great because you don't have to trust intermediary chains for communication. It's a very technologically shortsighted viewpoint: If you live in a world of 10k, 100k networks, you can't have pairwise…
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Casually building in the bear market.
Data sources:
Square / Paypal = IPO filings.
Axelar Network =
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We're building one of the core transport layers and infrastructure stacks for the web ecosystem. We're still early, hungry, and excited. Honored and grateful to have an opportunity to work with this amazing team every day
@axelarcore
.
Passion is the 🔑 to greatness and there isn't a more passionate team about Web3
#Interoperability
than Axelar's!🦾
The team loved meeting so many passionate developers and users from all over the 🌎🌍🌏 @
#AvalancheSummit
& we are excited for
#PBWS2022
, coming next!
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- Q: What is one thing you didn't anticipate when starting axelar?
- A: Having to deal with bad RPC connections across the industry.
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In 2020 we bet on multi-chain.
In 2021 we built.
In 2022 and beyond, we will continue building and scaling the ecosystem.
It's the only way to grow, and we're still early.
Huge congrats to the team, and thank you to all our friends and supporters!
📢Big News: Axelar raises $35M Series B financing round at a $1B valuation🚀
This investment will power the growth of the network, the team and new cross-chain integrations.
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Huge. Congrats on the integration
@squidrouter
!
Very happy to share that we’ve integrated
@squidrouter
as a new bridge provider, enabling cross-chain bridging in < 20sec on MetaMask Portfolio! 🦊🦑
🔗
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can't sell fish for car wheels with the "modular" interop stacks. congrats
@axelarnetwork
and
@wormholecrypto
.
.
@LayerZero_Labs
launched a
@LidoFinance
$stETH bridge last October without first asking for Lido DAO's permission.
The DAO responded this week by endorsing a pair of its biggest competitors.
@skesslr
reports
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The secret we don't talk about.
Web3 does NOT need millions of developers!
Its products have a 10x distribution multipliers compared to web2 stacks [less software to manage, easier and faster to ship, AI will be able to write most of the contracts soon, instant distribution to…
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@DCbuild3r
@Fiskantes
@LayerZero_Labs
There is an oracle network that must serve as the transport of headers. Oracles are instantiated as separate chains or in federated models with closed validators. They often run a consensus or use a middle chain to agree on the header info. Validation just pushed to 3rd parties.
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Just about 2 months since the release of its beta, the Interchain Token Service is the 2nd most popular application on
@axelarnetwork
. Major integrations in the works.
Are you not interchaining?
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Thesis: 1) Soon, a large fraction of Bitcoin will live on other networks.
2) We will stop talking so much about L1s and bridges and will start discussing interesting applications and assets.
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There are ~25m developers in the world, and maybe ~100k blockchain developers. With the right tools & languages development in blockchains can be made easier than ever. Why? Because you can combine data / compute into one. No need for separate databases & app-servers.
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Year 2025: Rollups and Cosmos app chains are indistinguishable.
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Biggest failure of the internet? Arguably, an inability to figure out a business model besides selling ads for over a decade.
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Being a giant self-funded R&D lab is the biggest product-market-fit of crypto to date. What's next?
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I only have one 2023 prediction: we're all going to have to work together as a community & harder than ever. Come hang out with an amazing crowd
@interop_summit
to talk about missing building blocks, applications, learn new stacks, and more.
#ETHDenver
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if you're going to dream about modular thesis this weekend, then your morning should be spent thinking about interop between modules.
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Why blockchains? It will be easier to build with global distribution and accountability. That's it.
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/1 To survive as an ecosystem and keep growing, we must scale horizontally: we must go multichain and cross-chain. Multichain is already here. Cross-chain is here to be built. Read below on a layered framework to help us build secure interoperable systems
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When another interop protocol is trying to find a unique market position.
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Over the next week, I'll tell you 5 facts about
@axelarcore
that you wish you knew. Mark the thread & comment below if you have any specific Qs.
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Intents are shortcuts. But they're here to stay. Let's see what they're & how they help scale interop &
@axelarcore
. Also, they help execute cross-chain transactions in seconds (vs minutes)!
Thread ⬇️
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Super excited for the integration between
@axelarcore
&
@Filecoin
. We're entering the era where chains with different properties can now be composed (cheap storage with DeFi/NFT chains & dApps).
The Filecoin Network has taken a significant leap forward in cross-chain interoperability with the mainnet launch of messaging and token bridging solutions by
@axelarcore
and
@CelerNetwork
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This is a huge milestone for the team and the broader ecosystem. Thank you all who contributed and got us to this point! We are looking forward to the next few months and the multi-chain future ahead of us!
🚀 Today we announce the start of the Axelar Mainnet Rollout!!!
Over a year in the works, it is time to take the next step in this journey toward delivering universal connectivity for
#web3
.
Full announcement here:
🧵
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"I have coins on Scroll, and I want to pay for coffee (if the "I" is literal, referring to me the writer of this article, then "coffee" is of course a metonymy for "green tea"). You are selling me the coffee, but you are only set up to receive coins on Taiko. Wat do?"
This is…
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The most exciting part about working in "emerging" tech is that you can be an architect and an engineer simultaneously. Most established industries have those roles decoupled by now.
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One of the biggest mistakes from early stage founders: pitching the same message to investors and your users. Investors are looking for asymmetric returns and a huge vision that has some probability of success.
But users need clarity on how you solve their painful problems…
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A great overview of the
@axelarnetwork
by
@MessariCrypto
describing the programmability, scalability, and advanced security capabilities of the network, along with ongoing projects and collaborations with partners like
@dYdX
@LidoFinance
@UniswapFND
@OndoFinance
@MetaMask
…
Read more about recent technology from Axelar and its upcoming roadmap in the full report from
@redvelvetzip
below.
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who's up for a challenge? will support any quick & longer-term projects around this.
🚨5,000 AXL bounty🚨
Build a Frames transfer app for Interchain Token Service (ITS) on
@farcaster_xyz
🏅2K AXL
🥈🥉 1.5K AXL
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A high school student asked me to summarize 3 professions. Pick your path based on what you like. 🦜
Academics: criticize -> criticize -> criticize -> do -> repeat.
MBA: leadership -> talk -> leadership -> talk -> repeat.
Engineers: do -> do -> do -> fix -> repeat.
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No, you didn't just do a cross-chain swap in 4 seconds, did you??
@KAVA_CHAIN
@arbitrum
@squidrouter
@axelarcore
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Year 2035, a processor running a program P on input X returns P(X) and a ZK proof of correctness.
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While blockchains brag about thousands of transactions per second, AmazonDB processed 89m calls per second in its peak last year. Do you have a path to get there? 🤔
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Cross borders and politics, cross EVM and Cosmos, can swap as it’s one.
The Cosmos is here.
Swap in, out and in between easier than ever before with Squid.
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/1 It was great to host Mary Maller from
@ethereum
at
@axelarcore
, where she told us about their new work on Distributed Key Generation with
@kobigurk
,
@Daeinar
, Sarah Meiklejohn, Gilad Stern, and
@alinush407
. The talk will be available online soon, but here's the gist:
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Can someone connect us with Rahul pls?
@axelarcore
is hiring
it's time to build your own sovereign appchain Rahul ... time to build your own appchain.
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AI in academia will be dead within two years. We've seen this with all tech stacks—networking, graphics, crypto, etc.—where, once an inflection point is reached, the industry takes over. The influx of capital buys the talent, and off it goes.
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GMP everyone.
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Working in startups requires you to love different things at different points in time. Initially, you love the idea, then the product, then the people, then the ecosystem.
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How it started vs how it's going. Amazing progress! Best UX in town.
@squidrouter
We are proud to announce that Squid has raised $4m in a strategic funding round led by Polychain Capital and backed by leading funds and angels!
We invite you all to join us in celebrating the exciting news on the very day Squid launched last year 💫
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The research study conducted by
@UniswapFND
on interop providers is one of the most comprehensive I have seen.
Huge kudos to the team working on this & dedication to look beyond the hype.
.
@UniswapFND
gives top honors to
@wormholecrypto
and
@axelarcore
in first-ever Bridge Assessment Report.
@skesslr
reports
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so many awesome mainnets ahead: this week we upgrade eth mainnet, next week we're going to
@MessariCrypto
#Mainnet2022
, then we launch
@axelarcore
mainnet. exciting.
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Cosmos drama never sleeps. Imagine if all 500 cosmos devs could collaborate towards the same goal.
1/ Dear Cosmonauts, today All in Bits (AiB) has taken a stand against an ongoing disparagement and disinformation campaign that has been harmful to our reputation and is creating a toxic culture that is detrimental to the Cosmos ecosystem.
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Amazing insights into the web3 dev ecosystem by
@ElectricCapital
.
Keep in mind that the web3 stack is easier and cheaper to build on. So you don't need a ton of devs to generate a ton of value heading into the future. You need good devs.
Protocols like
@compoundfinance
/…
0/ We are delighted to release the 5th annual
@ElectricCapital
Developer Report
We analyzed a record 485 million code commits across 818k repositories—20x more code than our first report from 2019!
356+ people across the community contributed to making this report.
Long,…
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The fundamental issue with web3 UX stems from Telegram. Its horrible UX is in the blood of devs that use it for daily comms.
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amazing.
1/ An "Axelar handcraft table" made from real teak wood to show our love to the project 😍🥰
We can now enjoy our afternoon tea 🍵🫖 with Axelar everyday!!
@axelarcore
#axelarnetwork
#AxelarQuantumCommunity
#AxelarQuantumCommunityProgram
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If you want to meet a tall handsome Greek gold Math Olympiad winner, this might be your only chance.
To all friends who are in Dubai next week: shoot me a DM, would love to meet in person.
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Evolution of how companies build trust:
web 1: wear a suit.
web 2: open source codebase.
web 3: build on an open system.
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Wondering about what applications you can build using the Axelar Network? Read more to find out. 👇
@axelarcore
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Fact
#1
:
@axelarcore
is the most decentralized interop network on the market connecting dozens of unique chains and their communities.
Did you know that its fully permissionless model allows anyone to validate, transact, relay, and send cross-chain messages?
Today, the…
Over the next week, I'll tell you 5 facts about
@axelarcore
that you wish you knew. Mark the thread & comment below if you have any specific Qs.
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