According to CoinDesk, Axelar’s ​​head of global communications Galen Moore talked about the importance of blockchain and Bitcoin at the Consensus 2023 conference. He said that the existence of Bitcoin allows people to conduct transactions with anyone in the world on the Internet, only needing to exchange minimal information. This is not due to the database technology of blockchain, but to the currency of Bitcoin, which provides economic incentives for the Bitcoin network to make transactions secure and information-minimized.

Moore also said that assets such as Bitcoin and Ethereum use decentralized verification through mining and staking incentives. This decentralized network allows people to trade on the Internet without the involvement of banks. He believes that this ability to trade with minimal information will become an important part of the Internet and is worth long-term efforts.