OpenZeppelin and Axelar have reached a cooperation to provide underlying interoperability for EVM ecosystem developers
The collaboration includes a bug bounty and incident response program, and plans to provide a standardized and secure EVM cross-chain development framework.
As the standard for secure blockchain applications, OpenZeppelin and Axelar development team Interop Labs announced a strategic partnership to coordinate open source standards and development resources for cross-chain communication, and to enhance interoperability between the rapidly expanding Ethereum L2 ecosystem and the broader Axelar connection network.
With the emergence of fast and low-cost chain-issuing solutions in the Ethereum ecosystem such as modularity, the number of new L2s has expanded dramatically, and users and liquidity have become increasingly dispersed. At the same time, from a development perspective, projects such as new L2s are relatively simple when connecting to the Ethereum mainnet, but to link different L2s together, separate development work is required.
Because most L2s currently establish a basic cross-chain connection with Ethereum through a sorter and a cross-chain bridge, where the sorter sends verified transaction bundles to the Ethereum blockchain for final verification, and the cross-chain bridge allows users to move packaged assets between Ethereum and L2.
This approach brings a poor user experience, hinders the low-friction flow of assets and data, and fails to achieve the interoperability of the core of the Ethereum blockchain, bringing huge challenges to user experience and developer efficiency:
· Each application needs to provide users with a separate "cross-chain" interface and corresponding services
· Users cannot trade directly between L2
· Applications cannot integrate functions on other EVM chains
Axelar development team Interop Labs has reached a cooperation with OpenZeppelin and plans to make interoperability a core component of the EVM ecosystem in two stages.
"Achieving interoperability between hundreds of blockchains is a multi-dimensional challenge. For application developers, the cost of adding additional cross-chain functions is real," said Stephen Fluin, director of developer relations at Interop Labs. "So having an open source library and standardized developer experience will allow them to easily build native interoperability into their DApps. This will be revolutionary and catalyze more innovation to happen."
On the one hand, the Axelar Network will be integrated into OpenZeppelin's libraries and Contracts Wizard to provide base-level interoperability for developers in the EVM ecosystem: full EVM interoperability, seamless and simple from day one, and will eventually be open to all Cairo and Solidity DApp developers.
As part of OpenZeppelin’s contract library, this new Solidity library will provide developers with the tools they need to build connected applications. The OpenZeppelin contract library has secured over $6 trillion in total value transfer and is an important platform for developer acquisition and ecosystem growth. By integrating with Axelar, developers can leverage these powerful tools to easily implement cross-chain capabilities, enriching the Ethereum ecosystem and driving its continued growth.
On the other hand, future phases of this collaboration will include additional libraries and Ethereum Improvement Proposals (EIPs) to further expand and improve these capabilities to support more token standards and existing library implementations. Axelar currently connects the Cosmos and Ethereum Virtual Machine (EVM) ecosystems, and is expected to support other consensus-based mainstream blockchain networks such as Solana, Stellar, and Sui later this year.
Of course, security always comes first. The collaboration will include bug bounties and incident response programs, and open source development is also a core commitment. All results will be publicly available and available under an open source license to promote transparency and encourage open contributions.
“We are excited to work with the Interop Labs team to advance cross-chain messaging and interoperability capabilities with the support of the Axelar Network. This is an important moment in our commitment to enhancing the Ethereum ecosystem and supporting its continued growth,” said Luca Cosivi, Head of Ecosystem Development at OpenZeppelin.
Overall, this collaboration marks a significant step forward in solving interoperability challenges, providing developers with a standardized and secure framework to innovate and build better solutions for a seamless multi-chain experience.
About Axelar
Axelar is a Web3 interoperability platform that allows top DeFi applications to achieve seamless cross-chain links based on an open technology stack and cover all blockchain users, while supporting open, scalable and secure cross-chain smart contracts, with supporters including Binance, Coinbase, Dragonfly, Galaxy and Polychain. For more information, please visit the official website.
About OpenZeppelin
Founded in 2015, OpenZeppelin is committed to creating and protecting the open economy through secure and reliable blockchain infrastructure. As of the time of writing, the OpenZeppelin contract library has secured more than $6 trillion in total value transfer, and the Defender cloud service simplifies and protects decentralized applications. It aims to empower developers through industry-leading tools and initiatives to promote a secure blockchain ecosystem. For more information, please visit its official website.
About Interop Labs
As the core development team of Axelar, Interop Labs is a leading developer of blockchain interoperability technology, dedicated to supporting the expansion of next-generation Internet applications through interoperability technology to cover billions of users. For more information, please visit official website.
This article is from a contribution and does not represent the views of BlockBeats
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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