- Particle Community’s modular L1 blockchain is a common settlement layer for the multi-chain ecosystem.
- Comprises chain abstraction and common accounts.
Particle Community launched its Layer-1 modular blockchain, an improve powered by on-chain abstraction and common accounts that facilitate the consumer expertise throughout blockchains.
Particle Community L1 is a blockchain based mostly on the Cosmos-SDK that may act “as a common layer for populating a multi-chain ecosystem”.
“Counting on the Cosmos SDK to construct this chain permits us to make it internally modular, keep its sovereignty, whereas outsourcing key capabilities corresponding to authentication and knowledge availability to specialised ecosystem actors. Our L1 can also be based mostly on Rollkit and makes use of Berachain’s Polaris framework for EVM compatibility. As well as, it makes use of the Common Inter-Blockchain Communication (IBC) protocol for interoperability, enabling low-cost and quick cross-chain transactions.,” Particle Community famous in a weblog publish.
A novel consumer expertise
In keeping with the Particle Community crew, chain abstraction permits simplified consumer interactions in a multi-chain ecosystem.
Inside this framework, any consumer can work with any product and asset within the quickly rising Web3 setting. The abstraction of the chain permits performance for common accounts, which on this case create an setting that works very like a single chain with unified liquidity and sovereignty.
Chain abstraction and common accounts permit customers to work together with various kinds of blockchain networks and decentralized functions (dApps). Particle’s Pockets Abstraction means a common Web3 expertise with out worrying about a number of wallets and bridging between different elements.
L1 will depend on Common Accounts for simplified sensible contract administration throughout all EVM chains in addition to heterogeneous blockchains corresponding to Bitcoin (BTC) and Solana (SOL).
Common Liquidity will guarantee unified liquidity with optimistic execution of atomic transactions and swaps. There may be additionally a Common Fuel Token that enables customers to pay for gasoline with a single gasoline token as an alternative of a number of models.
