General Message, Message Patching, Passing: A New Strategy for Interoperability

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The new strategy that axlers are pioneering is not token transfers, but data transfers. So you call it general message, message patching, passing to just allow chains to talk to each other,. Not share assets with each other. You can build token transfer as an application on top of general message passing and then return the result back to your wallet.

We’re entering a new multi-chain and secure cross-bridge world very soon. With Axelar's General Message Passing launch, a new era for interoperability has been unlocked.

Tune in to hear from CEO/Co-Founder Sergey Gorbunov, Zaki Manian, Co-Founder of Sommelier Protocol, Co-Founder of Iqlusion, & Steven Goldfeder, Co-founder of Offchain Labs, and contributor to Arbitrum

------ 🚀 Airdrop Alpha is waiting for you on Bankless.com https://bankless.cc/Alpha

------ BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask

------ TIMESTAMPS:

0:00 Intro 5:09 Axelar Explained 8:25 Cross-Chain Bridging 10:46 Axelar’s Announcement 15:10 Bridges of the Past & Future 19:00 General Message Passing 21:40 The New Way For Interoperability 28:42 Arbitrum’s Side 32:36 The Tech Metaphor 35:40 Multichain & Interoperable World 37:00 Bridge Security 39:05 GMP Applications & Services 40:57 Zaki’s Cosmos Vision 43:20 Why is this Bullish for Arbitrum? 47:27 Resources 48:00 Closing & Disclaimers

------ RESOURCES:

Sergey Gorbunov https://twitter.com/sergey_nog

Zaki Manian https://twitter.com/zmanian

Steven Goldfeder https://twitter.com/sgoldfed

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures