Difference between revisions of "Particle Network"
(Created page with "[https://www.onchaintimes.com/p/9-aiinfra-protocols-you-should-know From] Onchain Times (15-4-2024): ''"Particle Network is a modular L1 powering chain abstraction. With hundreds of rollups and chains, it has become increasingly difficult to manage different wallets, assets split across various platforms, and the necessity of holding gas tokens on every single chain. This issue is commonly referred to as siloed ecosystems: each chain hosts distinct D...") |
m |
||
| Line 2: | Line 2: | ||
''"Particle Network is a modular [[Layer One|L1]] powering chain abstraction. With hundreds of [[rollups]] and chains, it has become increasingly difficult to manage different [[wallets]], assets split across various platforms, and the necessity of holding gas [[tokens]] on every single chain. This issue is commonly referred to as siloed ecosystems: each chain hosts distinct [[Decentralized Applications (DApps)|dApps]] and utilizes different gas tokens, making moving from one chain to another challenging and inefficient, especially for newcomers. Chain abstraction aims to mitigate this complexity by creating an experience where users feel like they are using a single, monolithic chain. In essence, users wouldn’t even know which specific chain they are interacting with. No need to worry about bridging enough gas [[token]] to this new shiny chain; Particle Network has you covered. t acts as a universal settlement layer through Universal Accounts and Universal [[Liquidity]], with the aim of making most infrastructure invisible to users. Personally, I anticipate that chain abstraction is the next logical step from modularity, and that both concepts are made to go hand-in-hand in onboarding the next billion users to crypto."'' | ''"Particle Network is a modular [[Layer One|L1]] powering chain abstraction. With hundreds of [[rollups]] and chains, it has become increasingly difficult to manage different [[wallets]], assets split across various platforms, and the necessity of holding gas [[tokens]] on every single chain. This issue is commonly referred to as siloed ecosystems: each chain hosts distinct [[Decentralized Applications (DApps)|dApps]] and utilizes different gas tokens, making moving from one chain to another challenging and inefficient, especially for newcomers. Chain abstraction aims to mitigate this complexity by creating an experience where users feel like they are using a single, monolithic chain. In essence, users wouldn’t even know which specific chain they are interacting with. No need to worry about bridging enough gas [[token]] to this new shiny chain; Particle Network has you covered. t acts as a universal settlement layer through Universal Accounts and Universal [[Liquidity]], with the aim of making most infrastructure invisible to users. Personally, I anticipate that chain abstraction is the next logical step from modularity, and that both concepts are made to go hand-in-hand in onboarding the next billion users to crypto."'' | ||
* One of the many launch [https://chainwire.org/2024/04/03/bitvm-based-bitlayer-a-leading-bitcoin-l2-nets-5m-in-funding-unveils-50m-ready-player-one-program/ partners] of [[Bitlayer]] (3-4-2024) | |||
Latest revision as of 01:37, 22 April 2024
From Onchain Times (15-4-2024):
"Particle Network is a modular L1 powering chain abstraction. With hundreds of rollups and chains, it has become increasingly difficult to manage different wallets, assets split across various platforms, and the necessity of holding gas tokens on every single chain. This issue is commonly referred to as siloed ecosystems: each chain hosts distinct dApps and utilizes different gas tokens, making moving from one chain to another challenging and inefficient, especially for newcomers. Chain abstraction aims to mitigate this complexity by creating an experience where users feel like they are using a single, monolithic chain. In essence, users wouldn’t even know which specific chain they are interacting with. No need to worry about bridging enough gas token to this new shiny chain; Particle Network has you covered. t acts as a universal settlement layer through Universal Accounts and Universal Liquidity, with the aim of making most infrastructure invisible to users. Personally, I anticipate that chain abstraction is the next logical step from modularity, and that both concepts are made to go hand-in-hand in onboarding the next billion users to crypto."
