Particle Community Unveils Modular Layer-1 for Chain Abstraction & Common Accounts

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Particle Community, a number one supplier of Account and Pockets Abstraction options, has introduced its revolutionary Modular Layer-1 powering Chain Abstraction and Common Accounts.

By way of this launch, Particle Community goals to handle Web3’s ongoing fragmentation throughout ecosystems, simplifying customers’ interactions throughout a number of blockchains right into a unified, seamless expertise. Equally, by introducing Common Accounts, Particle strives to permit customers to handle their identification and property throughout numerous chains with a single account.

This launch marks a major milestone in Particle Community’s journey, constructing upon its wealthy historical past of innovation and its mission to ship seamless, user-friendly blockchain options. Based in 2022 with the imaginative and prescient to empower builders and Web3 end-users, Particle Community has constructed a profitable observe report in addressing the complexities of asset administration and consumer onboarding/retention in Web3. Particle boasts over 900 integrations of its Pockets Abstraction stack, greater than 17 million wallets created throughout 56 chains, and 10 million+ account abstraction UserOperations processed by way of its merchandise. Particle has additionally already debuted its first chain abstraction answer: BTC Join, the primary account abstraction protocol for the Bitcoin ecosystem, which has obtained extensive adoption throughout the Bitcoin L2 ecosystem.

Particle Community’s modular Layer-1 answer depends on these current merchandise to allow its Common Accounts, Common Liquidity, and a Common Fuel Token. The challenge has introduced that due to its modular design, its entire ecosystem will probably be seamlessly onboarded to coordinate and settle its operations on its L1. This may unlock Common Good Accounts for all customers, with dApps immediately with the ability to faucet into the Bitcoin ecosystem.

Particle Community’s Modular L1 powering Chain Abstraction

Particle Community’s modular L1 blockchain powers chain abstraction by coordinating accounts throughout chains whereas abstracting fuel and unifying liquidity. This empowers current L1s and L2s with seamless coordination and asset settlement.

Constructed utilizing the cutting-edge Cosmos SDK, this L1 introduces a number of revolutionary options, similar to a twin staking mannequin leveraging EigenLayer’s restaking options and Particle Community’s personal token. Particle Community’s L1 Common Accounts empower customers with one deal with for all chains, together with the BTC and EVM ecosystem making a single interplay level. Additionally they leverage Common Liquidity for seamless cross-chain transactions, supported by a single Common Fuel Token to simplify fuel funds and cut back friction for customers. This represents a leap in direction of a friendlier Person Expertise and infinite interoperability, setting a brand new benchmark for blockchain connectivity. Moreover, Particle Community’s Modular L1 combines modular structure’s sovereignty and scalability with the unified liquidity and consumer expertise of single-chain programs.

Particle’s L1 additionally introduces a novel system aggregating Information Availability suppliers similar to Avail, EigenDA, Celestia, and NEAR DA. This enables it to retain excessive decentralization, scalability, and efficiency. All these options not solely simplify the expertise of finish customers, but in addition enable builders to take their dApps to a broader viewers, unconstrained by multi-chain fragmentation.

A Sturdy Basis for the Future

With a strong basis of greater than 17 million customers, 4 million day by day lively customers, 2 billion in whole worth locked, and a vibrant group, Particle Community is well-positioned to make this launch a powerful success. The corporate’s robust observe report, evidenced by its in depth partnerships and lively consumer engagement, underscores its dedication to main the evolution towards a extra built-in and user-friendly blockchain ecosystem.

As Particle Community embarks on this thrilling new chapter, it outlines a delicate roadmap that features the launch of its Testnet and V1 Mainnet in Q1 2024, adopted by the introduction of Twin Staking and Abstracted DA Testnet in Q2 2024. This sequence of improvements paves the way in which for a future the place blockchain expertise is extra accessible, environment friendly, and unified than ever earlier than.

About Particle Community

Particle Community is on the forefront of Web3 innovation with its Modular L1 powering Chain Abstraction. After efficiently integrating Pockets Abstraction into 900 dApps, serving 17 million customers, Particle Community is unifying the Web3 expertise via its Cosmos SDK Layer-1. This empowers Common Accounts, Common Liquidity, and a Common Fuel Token throughout various ecosystems, similar to BTC, SVM, IBC, and EVM.