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Reading https://threadingontheedge.substack.com/p/solving-blockchain-fragmentation
TLDR:
Particle Network is building a Modular Layer 1 blockchain to solve the problem of blockchain fragmentation through âChain Abstractionâ.
Key Points:
Particle Networkâs Chain Abstraction allows users to seamlessly interact with any blockchain using a single account, balance, and gas payment method.
It provides Universal Liquidity, Universal Accounts, and Universal Gas to simplify the multi-chain Web3 experience.
Particle Networkâs Modular L1 is built on the Cosmos SDK, enabling sovereignty while outsourcing validation and data availability to specialized actors.
The project has already onboarded 17M+ users and processed over 13M transactions in its testnet phase.
In-depth Summary:
Blockchain fragmentation has been a long-standing issue in the ecosystem, forcing users to manage multiple wallets, bridge funds across chains, and learn new ecosystems. Particle Network aims to solve this problem through its âChain Abstractionâ approach.
Particle Networkâs Modular Layer 1 blockchain provides three core functionalities: Universal Liquidity, Universal Accounts, and Universal Gas. This allows users to seamlessly interact with any chain using a single account, balance, and gas payment method, simplifying the multi-chain Web3 experience.
The project is built on the Cosmos SDK, which makes it intrinsically modular and able to maintain sovereignty while outsourcing validation and data availability to specialized actors. Particle Network also introduces aggregated data availability (AggDA) by integrating solutions like Celestia, Avail, and NEAR Protocolâs data availability.
Particle Network has already onboarded 17M+ users and processed over 13M transactions during its testnet phase. The project has unveiled various use cases, such as enabling users to engage in perpetual trading, purchase NFTs, and trade memecoins across different chains with a seamless experience.
ELI5:
Particle Network is building a special blockchain that can talk to all the other blockchains. This means you only need one account and one wallet to use any blockchain app or service. You donât have to worry about moving your money between different blockchains anymore - Particle Network will handle that for you!
Writerâs Main Point:
The primary point of the article is to highlight Particle Networkâs vision of solving the problem of blockchain fragmentation through its âChain Abstractionâ approach, which aims to provide a unified and simplified multi-chain experience for users.