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

Must Read

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

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

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

Counting on the Cosmos SDK to construct this chain permits us to make it intrinsically modular, retaining its sovereignty whereas outsourcing key capabilities like validation and information availability to specialised ecosystem actors. Our L1 can also be primarily based on Rollkit and makes use of Berachain’s Polaris framework for EVM compatibility. Moreover, it leverages a Common Inter-Blockchain Communication (IBC) protocol for interoperability, enabling low-cost, quick cross-chain transaction execution,” Particle Community famous in a weblog publish.

A singular person expertise

In keeping with the Particle Community workforce, chain abstraction permits for simplified person interactions in a multi-chain ecosystem.

Inside this framework, any person can work together with any product and asset within the quickly rising Web3 panorama. Chain abstraction permits performance for Common Accounts, which on this case, create an atmosphere that works just like a single chain with unified liquidity and sovereignty.

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

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

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Common Liquidity will present for unified liquidity with optimistic execution of atomic transactions and swaps. There’s additionally Common Fuel Token that permits customers to pay fuel with a single fuel token slightly than a number of items.

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