Particle Network introduces modular L1 blockchain for a multi-chain ecosystem

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Particle Network’s modular L1 blockchain is a common settlement layer for a multi-chain ecosystem.
It options Chain abstraction and Universal Accounts.

Particle Network has launched its modular Layer-1 blockchain, an improve powered by chain abstraction and common accounts to make consumer expertise throughout blockchains simpler.

Particle Network’s L1 is a Cosmos-SDK-based blockchain that can act “as a universal settlement layer for the multi-chain ecosystem.”

“Relying on the Cosmos SDK to build this chain allows us to make it intrinsically modular, retaining its sovereignty while outsourcing key functions like validation and data availability to specialized ecosystem actors. Our L1 is also based on Rollkit and uses Berachain’s Polaris framework for EVM compatibility. Furthermore, it leverages a Universal Inter-Blockchain Communication (IBC) protocol for interoperability, enabling cheap, fast cross-chain transaction execution,” Particle Network famous in a blog post.

A singular consumer expertise

According to the Particle Network workforce, chain abstraction permits for simplified consumer interactions in a multi-chain ecosystem.

Within this framework, any consumer can work together with any product and asset within the quickly rising Web3 panorama. Chain abstraction allows performance for Universal Accounts, which on this case, create an setting that works just like a single chain with unified liquidity and sovereignty.

Chain abstraction and common accounts permit customers to work together with various kinds of blockchain networks and decentralised functions (dApps). Particle’s Wallet Abstraction means a common Web3 expertise with no worries about a number of wallets and bridging amongst different components.

The L1 will depend on Universal Accounts for simplified good contract administration throughout all EVM chains in addition to heterogeneous blockchains like Bitcoin (BTC) and Solana (SOL).

Universal Liquidity will present for unified liquidity with optimistic execution of atomic transactions and swaps. There’s additionally Universal Gas Token that permits customers to pay fuel with a single fuel token quite than a number of models.