What is Particle Network? One article to understand the chain abstraction project Particle Network

What is the Particle Network chain abstract project? Understand the chain abstraction project Particle Network in one article! Do you feel like you are stumbling around in the complex Web3 world, full of cross-chain challenges and liquidity issues? Ever thought there was a way to make it all clearer? Next, let us understand the concept of Chain Abstraction.

Today, the editor of this site will share with you a detailed introduction to the chain abstraction project Particle Network. Friends who need it can take a look!

What is the Chain Abstraction Project Particle Network

Chain Abstraction aims to solve multi-chain fragmentation by providing a unified user experience across all blockchains question. Imagine having a single address, balance and interaction point for the entire Web3 ecosystem!

One of the leading projects in the field of chain abstraction is Particle Network, which is a modular L1 that supports seamless cross-chain operations. . The goal of this project: unify user accounts into a single address and balance accessible across any chain.

You may ask: "How does Particle Network do this?" The answer is through three core functions:

• Universal Liquidity

• Universal Account

• Universal Gas

Let’s take a closer look Check out each function!

Universal Liquidity unifies the liquidity of all chains through optimistic execution of cross-chain atomic transactions and swaps. This means users can interact seamlessly with new chains even if they don’t hold tokens on those chains.

Universal accounts provide a single point of interaction, user addresses and balances between all chains (EVM & non-EVM) without the need for manual bridging or multi-chain wallets/assets manage!

Universal Gas allows users to use one Gas token to pay for cross-chain transaction gas fees, thereby eliminating the need to use multiple native tokens (ETH, SOL, MATIC, etc.) .

Still confused? Let’s look at two real-world use cases.

So, how does Particle Network facilitate this seamless coordination? The answer is through its modular architecture:

• Master Keystore Hub Cross-chain synchronization setup

• Decentralized messaging network to send between chains Information

• Decentralized Bundler handles cross-chain operations

Particle Network is not just lip service, their past results are very good .

• Total users exceed 17 million

• Daily active users exceed 4 million

• TVL reaches 20 Billion+

• Processed more than 10 million user operations

• More than 700,000 Twitter fans, more than 500,000 Discord fans...

#The L1 is secured through an innovative double staking system, combining PARTI token staking with Babylon’s BTC staking. This makes it more independent and harder to control.

They recently launched the first phase of the testnet, and in less than a week, they gained more than 600,000 general accounts and processed more than 13 million transactions! Particle Network has also reached cooperation with at least 56 chains, including Linea, Avalanche, Mantle, NEAR Protocol, BNB Chain, etc.

Particle network and NEAR protocol, SocketDAO, Agoric, Polygon Avail Layer, etc. are all exploring chain abstraction. The Particle Network’s modular L1 design, strong community, and innovations in universal accounts, liquidity, and Gas put it at the forefront of chain abstraction.

The benefits of chain abstraction are profound:

• Seamless user acquisition

• Unified liquidity

• Scalable Blockchain

• Composable Applications

This can radically enhance Web3 product offerings and network effects.

With the launch of the test network in the second quarter and its demonstrated features such as wallet, liquidity and Gas abstraction, we can foresee that the Particle network will be greatly popular. welcome.

Aggregated DA and double pledge features will be launched in the fourth quarter.

#The future of Web3 will be a full-chain future, and projects like Particle Network are paving the way for a truly unified user-friendly experience.

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