New York, NY, October 3rd, 2024, Chainwire

MDS: A New Interoperability Standard
MDS is a new interoperability standard that utilizes enhanced AXL token utility to enhance security and scalability across Web3. Mainnet launches for top layer 1 blockchains are on the horizon, featuring advanced security via Babylon and EigenLayer.

Axelar, a blockchain interoperability leader, has launched the Mobius Development Stack (MDS) following on-chain governance approval, marking it as the first holistic interoperability platform. MDS allows customizable, self-service integration with any on-chain or off-chain system, paving the way for new decentralized applications. Upcoming L1 interoperability launches include Solana, Stellar, Sui, and XRP Ledger, powered by the newly launched Interchain Amplifier.

“Web3 was designed to break free from walled gardens,” says Georgios Vlachos, director at Axelar Foundation. MDS empowers developers to create decentralized applications that seamlessly combine resources, logic, value, and network effects in a global internet landscape.

MDS aims to redefine how data, value, and users interact in a revamped Web 3.0: one connection, infinite possibilities.

Key Benefits of the Mobius Development Stack (MDS)

• Self-service, customizable connections: Launching on mainnet allows dynamic integrations with various consensus models, prepared to connect with Flow, Hedera, Solana, Stellar, Sui, and XRP Ledger.
• Native tokens anyplace, beyond bridges: The Interchain Token Service allows rapid tokenization of crypto and real-world assets, opening liquidity and enabling fractional ownership across chains.
• Bridge between on/off-chain: MDS serves as a secure gateway facilitating off-chain actors (e.g., ZK co-processors, AI co-processors) to interact with Web3 dApps.
• Limitless community: Foster omnichain user experiences enabling NFTs and rapid RWA tokenization across multiple chains.

Collaborating with Leading Ecosystems for Interoperability Standards

MDS enables self-service connections to any blockchain consensus system, prompting adoption by leading L1 ecosystems with formal launches anticipated soon.

“The Sui ecosystem is advancing with innovations like Mysticeti and zkLogin,” states Adeniyi Abiodun at Mysten Labs.

This integration with Axelar MDS equips developers with powerful tools to cohesively innovate across Web3 tech and communities.

Enhancing Cross-chain Functionality

Integrating MDS into private-chain and public L1 environments can bridge traditional finance with blockchain innovations.

“Bringing Web3 to traditional finance without seamless interoperability limits our progress,” mentions Jasmine Cooper from RippleX.

Enhanced Security for Institutions

MDS positions Axelar as the first institutional-grade interoperability network integrating Babylon and EigenLayer, delivering enhanced security.

“Bitcoin sets the security standard; integrating with Axelar MDS brings its security across Web3,” asserts David Tse of Babylon.

This is crucial for institutional participants needing high-quality digital collateral for significant financial investments.

Vendor-Agnostic, Open Interface

OpenZeppelin leads Web3 developer tools; integrating Axelar creates an open, vendor-agnostic interface for dApp developers, empowering multichain development from day one.

A New Security Approach and Improved AXL Tokenomics

The launch of the Mobius release and the Interchain Amplifier results in permissionless cross-chain connections supported by a novel security structure powered by the AXL token.

About Axelar

Axelar, a decentralized interoperability platform, connects all blockchains, promoting open, scalable, and secure solutions. It is backed by major players in the industry. For further details, visit axelar.network.

About Axelar Foundation

The Axelar Foundation is dedicated to supporting Axelar’s growth as a decentralized interoperability network.

About Babylon

Babylon focuses on creating Bitcoin security-sharing protocols and has launched a self-custodial Bitcoin staking protocol.

About EigenLayer

EigenLayer is a protocol leveraging Ethereum to unlock connectivity among decentralized networks.

About Interop Labs

Interop Labs enhances blockchain interoperability technology, essential for Web3 infrastructure growth.

About Mysten Labs

Mysten Labs is developing foundational infrastructure for Web3 with expertise in distributed systems and programming languages.

About OpenZeppelin

OpenZeppelin is committed to blockchain security and reliability, empowering developers worldwide.

About Stellar

Stellar is a scalable blockchain network facilitating financial services and fostering economic growth.

About Sui

Sui is a pioneering Layer 1 blockchain promoting speedy, secure, and accessible digital asset ownership.

About XRP Ledger

XRP Ledger is a reliable decentralized blockchain focused on asset tokenization and financial services.

Contact Information

PR Director
Karla Vilhelem
MarketWaves
karla@marketwaves.co

This article was originally published on Chainwire.