ParticlePrice

(PRTCLE)

Particle Network is a Web3 project that aims to simplify the user experience in the decentralized web. Its core mission is to create a seamless, barrier-free, and borderless Web3 environment by abstracting the complexities of interacting with various blockchain networks. The project seeks to eliminate the need for users to manage multiple wallets, different blockchain addresses, or complicated bridges. Particle Network operates as a modular Layer-1 blockchain designed to connect other blockchains, focusing on a concept known as chain abstraction. This means users do not have to be aware of which specific blockchain they are actively using. The project offers several key functionalities to achieve its goals: Universal Accounts: These provide users with a single, consistent address and a unified balance across all connected blockchains, simplifying asset management and interaction with decentralized applications (dApps). Universal Liquidity: This feature ensures that users' tokens are instantly available across different networks, enabling seamless asset exchanges and transactions without manual cross-chain bridging. Universal Gas: This solution addresses the challenge of gas fees by allowing users to pay transaction fees with their token of choice or any supported cryptocurrency across any connected blockchain, removing the need to hold multiple specific gas tokens. Particle Network's native token plays a crucial role within its ecosystem. It functions as a unified gas token, facilitating the execution of transactions across various Layer-1 and Layer-2 blockchains. This token also serves to secure the network through staking and provides participants with governance rights within the ecosystem. Furthermore, it acts as an intermediary token within the Universal Liquidity system, supporting the chain abstraction mechanism. The project was co-founded by Pengyu Wang and Tao Pan in April 2022. Particle Network has collaborated with over 50 blockchain projects and integrated with more than 200 dApps and gaming projects, fostering a growing ecosystem. It also employs dual staking via Babylon and aggregated data availability to enhance network security and performance. Additionally, Particle Network provides a Wallet-as-a-Service protocol and SDKs for developers, along with features like one-click onboarding and social logins for users to simplify Web3 adoption. Learn more

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