Will Particle Network Be The L1 Unifying All Chains?

7 days ago

As always, my journeys through the Cryptoverse helped me to discover something new! Particle Network could be the next big thing, or just another project that looked amazing on paper and will fail to deliver! Time will tell!

Particle Network is a decentralized infrastructure that enables secure and efficient communication and data exchange between different blockchain networks. It facilitates interoperability and scalability for blockchain application.

Will Particle Network be the L1 unifying all chains through their Universal Accounts? The vision is to provide users with one account and balance usable across any chain. I want this to succeed!

Particle Network is a Cosmos SDK Layer-1 that enables multi-chain accounts, liquidity, and gas across public blockchains. Join the Chain Abstraction Tour and earn $PARTI Points and boosters by interacting with different chains.

One account, one balance... any chain! This is the Particle Network vision, as the Layer1 aim is unifying all chains through universal accounts. This will bring multi-chain accounts spanning all public blockchains, providing users with a single address and balance across them.

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I explored the Particle Network testnet, and was nice to see that my past on-chain history boosted me through the ranks. Received points for age, the transactions I've done and the assets I had. I wasn't that active, due to day-to-day hustle, and completed only three transactions.

In this ideal world, users will be able to pay for gas fees with any token, on any chain. The direct result will be consolidating the liquidity from different chains to enable a borderless experience. Hopefully, the points I earned will also be converted into a juicy airdrop!

My pioneer results are encouraging, with 63,050 $PARTI point claimed during the campaign. I earned an additional 30% thanks to my OG level and wallet boost, and some for following prokects, check-ins or inviting frens on Particle Network.

Why am I confident that Particle Network will shake the Cryptoverse? They officially raised $25 Million to continue funding their vision of chain abstraction. New investors joined the OG backers, which include Animoca Ventures, LongHash Ventures, and Alibaba Group, among others.

This announcement comes after a $15M round led by Spartan Group and Gumi Crypto, with additional backing from SevenX Ventures, Morningstar Ventures, HashKey Capital, MH Ventures, UOB Venture Management, Flow Traders, and SNZ.

The Pioneer Phase seen a widespread participation, registering over 114M transactions and around 1.3M Universal Accounts. It also features the first usable versions of Universal Accounts and Universal Gas, and the Universal Liquidity phase will soon to be deployed. Happy I'm one of the early birds!