In 1997, Juan Maldacena noted that the low energy excitations of a theory near a black hole consist of objects close to the horizon, which for extreme charged black holes looks like an anti-de Sitter space. He noted that in this limit the gauge theory describes the string excitations near the branes. So he hypothesized that string theory on a near-horizon extreme-charged black-hole geometry, an anti-de Sitter space times a sphere with flux, is equally well described by the low-energy limiting gauge theory, the N = 4 supersymmetric Yang–Mills theory. This hypothesis, which is called the AdS/CFT correspondence, was further developed by Steven Gubser, Igor Klebanov and Alexander Polyakov, and by Edward Witten, and it is now well-accepted. It is a concrete realization of the holographic principle, which has far-reaching implications for black holes, locality and information in physics, as well as the nature of the gravitational interaction. Through this relationship, string theory has been shown to be related to gauge theories like quantum chromodynamics and this has led to a more quantitative understanding of the behavior of hadrons, bringing string theory back to its roots.