Particle Network is a technology that streamlines interactions between different blockchains.

Particle Network’s core mission is to create a barrier-free, borderless Web3 experience through advanced powering chain abstraction technologies

Particle Network is a technology that streamlines interactions between different blockchains, aiming to simplify the complexities of Web3 and provide a seamless user experience. It offers a single account solution, known as Universal Accounts, for managing transactions across various blockchain platforms.

What is Particle Network?

Particle Network’s core mission is to create a barrier-free, borderless Web3 experience through advanced powering chain abstraction technologies.

At its heart, Particle Network offers a single account solution, known as Universal Accounts, that allows users to interact with multiple blockchains effortlessly. It eliminates the need for multiple addresses and significantly enhances asset security. Users can manage their transactions across various blockchains without needing to understand complex concepts like gas fees or private key management. Advanced security mechanisms protect user assets and ensure a seamless experience.

Particle Network’s comprehensive approach includes Particle Network’s universal accounts, universal liquidity, and universal gas, all of which work in harmony to provide a consistent and user-friendly interface across different blockchain networks. These functionalities allow users to handle assets, pay transaction fees, and manage liquidity without the typical cross-chain headaches.

This network aims to make the decentralized web more accessible and user-friendly, enhancing the particle network’s capabilities.

Funding round

Particle Network has raised a total of $23.5 million in funding, according to Crypto Fundraising. Notable investors include Spartan Group, Yzi Labs (ex. Binance Labs), and Animoca Ventures.

This substantial financial backing has enabled Particle Network to develop and refine its technologies, bringing us closer to a truly borderless Web3 ecosystem.

Partnerships and Ecosystem Growth

Particle Network collaborates with over 50 blockchain projects, comprising an extensive network that enhances cross-chain capabilities. An innovative inscription campaign in partnership with multiple blockchain projects attracted 120,000 unique users to Particle Network, showcasing its growing influence.

Through collaboration with Spheron Network, Particle Network enhances its infrastructure by utilizing decentralized GPU resources. These partnerships have driven significant ecosystem growth, with over 200 DApps and gaming projects integrated into the Particle Network ecosystem. Fostering collaborations ensures continuous innovation and broad adoption of Particle Network’s solutions.

Key Features of Particle Network

The core functionalities of Particle Network are what set it apart in the blockchain landscape. At the forefront are Universal Accounts, Universal Liquidity, and Universal Gas, each designed to simplify and enhance the user experience across different blockchains.

Universal Accounts synchronize user addresses and balances across multiple chains, offering a unified balance account management system. Universal Liquidity addresses the issue of liquidity fragmentation by allowing users to manage their assets across various chains seamlessly.

Lastly, Universal Gas enables users to pay gas fees with any token, streamlining the transaction process. Let’s dive deeper into each of these functionalities.

Universal Accounts

Particle Network’s Universal Accounts are a game-changer in the blockchain world, designed to eliminate the need for users to manage multiple addresses by aggregating balances in one location. This means that users can enjoy a unified account and balance across all chains, significantly enhancing flexibility and security. Utilizing ERC-4337 smart contract wallets, Universal Accounts offer robust functionality and compatibility with both EVM and non-EVM networks, including Bitcoin, on a platform leveraging universal accounts.

Additionally, users can benefit from a universal account that simplifies their experience through Chain Abstraction, eliminating the surplus manual function from bridge assets multichain.

Universal Accounts – Source: Particle Network

Imagine having one account to rule them all—this is the promise of Universal Accounts. They provide a consistent and secure user experience by synchronizing state changes across blockchains. This functionality not only simplifies asset management but also enhances the overall user experience by reducing the complexity associated with interacting with multiple blockchains.

Universal Liquidity

Universal Liquidity is another cornerstone of Particle Network, connecting users’ funds across various chains and enabling transactions without needing to hold assets on every chain. This functionality makes cross-chain transactions seamless and efficient.

Users can, for instance, buy an NFT priced in ETH using USDT, thanks to automatic token swapping. This showcases the seamless experience provided by Universal Liquidity. Users no longer need to directly hold or manage PARTI, further simplifying their experience.

It thus ensures that transactions are not only efficient but also user-friendly and save up transaction fees, reducing the friction typically associated with cross-chain interactions.

Universal Gas

Universal Gas abstracts the complexities of gas fee payments, allowing users to pay these fees with any supported token in Particle Network Ecosystem. This is a significant improvement over traditional systems where users need specific native tokens to pay for gas. With this feature, users can pay gas fees across multiple chains with any token, simplifying the transaction process.

Frequent cross-chain transaction users will particularly benefit from this feature. Universal Gas simplifies things by allowing gas fees to be paid in any supported token, eliminating the need to hold various native tokens. This ensures a smoother and more streamlined user experience, making Particle Network a preferred choice for many blockchain users.

Technology

Particle Network employs a modular L