Particle Network priceParticle

What Is Particle Network?

Particle Network is a modular Layer 1 blockchain designed to address the complexities and fragmentation of the current Web3 ecosystem. Launched in 2022, Particle Network initially started as a Wallet Abstraction service provider, enabling users to create smart contract wallets linked to their Web2 social accounts. This unique approach has led to the activation of over 17 million wallets and integration with more than 900 decentralized applications (dApps).

With its modular Layer 1 blockchain, Particle Network aims to unify interactions across different blockchain ecosystems. By coordinating Universal Accounts and Liquidity, Particle Network allows users to maintain a single address and balance across various chains, streamlining the user experience and enhancing interoperability within the blockchain space.

How Particle Network Works

Particle Network's modular Layer 1 blockchain is built using the Cosmos SDK, which ensures a high degree of modularity and sovereignty. The network coordinates and settles cross-chain transactions within a high-performance EVM-compatible execution environment, leveraging Berachain's BeaconKit for EVM compatibility. This setup enables three core functionalities: Universal Accounts, Universal Liquidity, and Universal Gas.

Universal Accounts aggregate token balances across all chains, allowing users to interact with the blockchain ecosystem using a single address. These accounts utilize Particle Network's Universal Liquidity to execute atomic cross-chain transactions seamlessly. By pooling funds from a user's balance across multiple chains, Particle Network ensures that transactions are carried out efficiently and transparently, without the need for manual bridging or swapping of assets.

Universal Liquidity is another critical component of Particle Network, handling the automatic movement of funds across chains. It enables users to execute cross-chain transactions without the hassle of maintaining multiple wallets or manually transferring assets. By using liquidity providers and atomic transaction sequences, Particle Network ensures that users can interact with any blockchain effortlessly.

Universal Gas addresses the issue of fragmented gas tokens across different blockchains. With Universal Gas, users can pay transaction fees using any token from any blockchain. This flexibility is achieved through Particle Network's native Paymaster, which converts the chosen token into the required gas fee, ultimately settling the transaction on Particle Network's native chain with the PARTI token.

Products of Particle Network

Particle Network offers several products designed to enhance the blockchain user experience. One of the flagship products is the Modular Smart Wallet-as-a-Service (WaaS). This service allows developers to integrate smart contract wallets directly into their dApps, leveraging Multi-Party Computation Threshold Signature Schemes (MPC-TSS) for enhanced security. Users can create or access wallets via social logins, bridging the gap between traditional and decentralized finance.

BTC Connect is another significant product, providing the first EVM-compatible ERC-4337 account abstraction protocol for Bitcoin. This protocol enables users to control a smart account on an EVM-compatible Bitcoin Layer 2 network using a regular Bitcoin wallet. This integration enhances the user experience by allowing seamless interactions across Bitcoin and EVM networks without requiring additional interfaces or wallets.

When Is Particle Network Token Launch Date?

The Particle Network token launch is part of their broader roadmap for 2024. The specific dates are yet to be announced, but it has been confirmed that there will be an airdrop for early adopters. Interested investors should follow the project’s media channels for the latest updates and detailed information about the token launch, economic model, and airdrop specifics.