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Uniswap's Major Buyback Proposal: Can UNI Trigger a Value Reassessment?
Uniswap’s latest governance proposal aims to transition the UNI token into a deflationary model by activating protocol fees and implementing a buyback-and-burn mechanism. These changes could profoundly impact UNI’s long-term value. Core Proposal HighlightsEnable protocol fees and use them to repurchase and burn UNI tokens, transforming UNI from a governance token into a productive asset backed by cash flow.Conduct a one-time burn of 100 million UNI tokens (16% of total supply), immediately bo...
Is Polymarket Considered Gambling? Legal Risks for Chinese Users
Polymarket is a blockchain-based prediction market platform that allows users to predict future events and profit by buying and selling related contract shares. This article analyzes the risks for Chinese users from a legal perspective: * How Polymarket Works: Users use stablecoins to bet on outcomes of future events like politics or sports, trading shares that represent the probability of a particular outcome. Settlements are executed via smart contracts once the event outcome is determined....
Can Stablecoins Break Visa and Mastercard's Duopoly?
Stablecoins have emerged as a potential challenger to the $1 trillion duopoly of Visa and Mastercard. These stablecoins offer the promise of significantly lower transaction fees, which could disrupt the current market dynamics dominated by Visa and Mastercard. However, the path to widespread adoption is fraught with regulatory and banking industry pressures.The Current LandscapeVisa and Mastercard currently charge merchants transaction fees of up to 2-3%, which is often the second-largest exp...
Uniswap's Major Buyback Proposal: Can UNI Trigger a Value Reassessment?
Uniswap’s latest governance proposal aims to transition the UNI token into a deflationary model by activating protocol fees and implementing a buyback-and-burn mechanism. These changes could profoundly impact UNI’s long-term value. Core Proposal HighlightsEnable protocol fees and use them to repurchase and burn UNI tokens, transforming UNI from a governance token into a productive asset backed by cash flow.Conduct a one-time burn of 100 million UNI tokens (16% of total supply), immediately bo...
Is Polymarket Considered Gambling? Legal Risks for Chinese Users
Polymarket is a blockchain-based prediction market platform that allows users to predict future events and profit by buying and selling related contract shares. This article analyzes the risks for Chinese users from a legal perspective: * How Polymarket Works: Users use stablecoins to bet on outcomes of future events like politics or sports, trading shares that represent the probability of a particular outcome. Settlements are executed via smart contracts once the event outcome is determined....
Can Stablecoins Break Visa and Mastercard's Duopoly?
Stablecoins have emerged as a potential challenger to the $1 trillion duopoly of Visa and Mastercard. These stablecoins offer the promise of significantly lower transaction fees, which could disrupt the current market dynamics dominated by Visa and Mastercard. However, the path to widespread adoption is fraught with regulatory and banking industry pressures.The Current LandscapeVisa and Mastercard currently charge merchants transaction fees of up to 2-3%, which is often the second-largest exp...
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Introduction
As the Web3 space continues to evolve, an increasing number of Web2 developers are transitioning to this rapidly growing ecosystem. This shift has created a demand for mature development platforms that can help developers focus on their core business and cutting-edge technology exploration. Particle Network is a development platform designed to meet this need, offering a range of services to facilitate a smoother and more efficient transition to Web3.
What is Particle Network?
Particle Network is an integrated development platform aimed at making the transition from Web2 to Web3 smoother and more efficient for developers. The platform offers a suite of modular services, including user authentication, wallet services, NFT services, node services, and multi-chain and cross-platform support. By simplifying interactions between "developers and chains," Particle Network helps developers save up to 90% of development time, allowing them to focus on innovation and growth in the Web3 space.
Official Website: https://particle.network/
X Social Platform: https://x.com/ParticleNtwrk
Project Team
Particle Network was announced in April 2022 and was co-founded by Pengyu Wang and Tao Pa. Both founders have experience in mobile game development and created Particle Network to provide backend infrastructure for developers.
Project Financing
June 20, 2024: Particle Network completed a $15 million Series A funding round.
April 14, 2023: Particle Network completed a strategic financing round with an undisclosed amount.
March 24, 2023: Particle Network completed a $7 million seed funding round.
May 5, 2022: Particle Network completed a $1.5 million pre-seed funding round.
Binance Labs Invests in Particle Network
Binance Labs has invested in Particle Network, a leading L1 solution that unifies all chains through a universal account, addressing user and liquidity fragmentation in Web3.
Network Functions
Through its L1 blockchain, Particle Network achieves three core functions: Universal Accounts, Universal Liquidity, and Universal Gas. Each function aims to abstract away manual multi-chain interactions from the user experience.
Universal Accounts
Universal Accounts allow each user to have a single, unified address, balance, and interaction point, regardless of the underlying chain where the application or funds reside. Additionally, Universal Accounts are compatible with both EVM and non-EVM networks, including networks with limited programmability like Bitcoin. Particle Network achieves this through the use of ERC-4337 smart contract wallets (smart accounts). Smart accounts offer greater flexibility, programmability, and security compared to typical externally owned accounts (EOAs). Moreover, Universal Accounts enhance typical smart accounts by making them cross-chain compatible. Thus, Particle Network users interact with a unified balance rather than directly with accounts.
Universal Liquidity
Universal Liquidity is the foundational layer of Particle Network's cross-chain capabilities, enabling Universal Accounts to have a single balance across all supported chains. In simple terms, Universal Liquidity is Particle Network's cross-chain bridging solution. It allows users to transact on any supported blockchain, regardless of where their funds are located.
Universal Gas
All multi-chain frameworks must overcome the challenge of gas payment. Particle Network's Universal Gas aims to abstract away the complexity of specific gas tokens. Through Particle Network's Paymaster, users can pay transaction gas fees with any supported token on any supported chain. For example, users can pay for Solana transactions with USDC on Ethereum.
Project Modules
Particle Network's core functions (Universal Accounts, Liquidity, and Gas) are implemented through three main modules: the Master Key Storage Center, the Decentralized Messaging Network, and the Decentralized Bundler.
Master Key Storage Center
The Master Key Storage Center module serves as the central source of truth on Particle Network. It works by synchronizing state changes of Universal Accounts across all supported blockchains, maintaining cross-network state consistency. This module records any changes on Particle Network, such as users adding signers to their Universal Accounts.
Decentralized Messaging Network
Particle Network's Decentralized Messaging Network (DMN) module relays successful UserOperations (transactions of Universal Accounts) from external blockchains to Particle Network. The DMN is supported by a system of Relayer Nodes, which act as messaging hubs on Particle Network. Additionally, the DMN works in tandem with the Master Key Storage Center to pass state data to and from supported blockchains. The DMN is powered by Hyperlane, an interoperability layer that allows supported blockchains to connect and communicate seamlessly.
Decentralized Bundler
The Decentralized Bundler module is responsible for executing UserOperations, a core component of Universal Liquidity. This module consists of a distributed network of Bundler nodes. Bundler nodes execute transactions on behalf of Universal Accounts, such as purchasing NFTs or swapping tokens. They achieve this by interacting with liquidity providers. In this case, liquidity providers are not traditional DEX liquidity providers but liquidity pools spanning multiple chains, used for bridging funds.
Public Testnet
Particle Network's public testnet launched on May 2, 2024. The testnet showcases two core functions of Particle Network: Universal Accounts and Universal Gas. Users can register for the testnet using EVM wallets (such as MetaMask or Rainbow) and create Universal Accounts.
Note on Web Link Access
Due to network issues, the link https://x.com/ParticleNtwrk could not be successfully parsed. If you need the content of this webpage, please check the validity of the link and try accessing it again. If you have any other questions or need further information about Particle Network, feel free to ask, and I'll be happy to help!
Introduction
As the Web3 space continues to evolve, an increasing number of Web2 developers are transitioning to this rapidly growing ecosystem. This shift has created a demand for mature development platforms that can help developers focus on their core business and cutting-edge technology exploration. Particle Network is a development platform designed to meet this need, offering a range of services to facilitate a smoother and more efficient transition to Web3.
What is Particle Network?
Particle Network is an integrated development platform aimed at making the transition from Web2 to Web3 smoother and more efficient for developers. The platform offers a suite of modular services, including user authentication, wallet services, NFT services, node services, and multi-chain and cross-platform support. By simplifying interactions between "developers and chains," Particle Network helps developers save up to 90% of development time, allowing them to focus on innovation and growth in the Web3 space.
Official Website: https://particle.network/
X Social Platform: https://x.com/ParticleNtwrk
Project Team
Particle Network was announced in April 2022 and was co-founded by Pengyu Wang and Tao Pa. Both founders have experience in mobile game development and created Particle Network to provide backend infrastructure for developers.
Project Financing
June 20, 2024: Particle Network completed a $15 million Series A funding round.
April 14, 2023: Particle Network completed a strategic financing round with an undisclosed amount.
March 24, 2023: Particle Network completed a $7 million seed funding round.
May 5, 2022: Particle Network completed a $1.5 million pre-seed funding round.
Binance Labs Invests in Particle Network
Binance Labs has invested in Particle Network, a leading L1 solution that unifies all chains through a universal account, addressing user and liquidity fragmentation in Web3.
Network Functions
Through its L1 blockchain, Particle Network achieves three core functions: Universal Accounts, Universal Liquidity, and Universal Gas. Each function aims to abstract away manual multi-chain interactions from the user experience.
Universal Accounts
Universal Accounts allow each user to have a single, unified address, balance, and interaction point, regardless of the underlying chain where the application or funds reside. Additionally, Universal Accounts are compatible with both EVM and non-EVM networks, including networks with limited programmability like Bitcoin. Particle Network achieves this through the use of ERC-4337 smart contract wallets (smart accounts). Smart accounts offer greater flexibility, programmability, and security compared to typical externally owned accounts (EOAs). Moreover, Universal Accounts enhance typical smart accounts by making them cross-chain compatible. Thus, Particle Network users interact with a unified balance rather than directly with accounts.
Universal Liquidity
Universal Liquidity is the foundational layer of Particle Network's cross-chain capabilities, enabling Universal Accounts to have a single balance across all supported chains. In simple terms, Universal Liquidity is Particle Network's cross-chain bridging solution. It allows users to transact on any supported blockchain, regardless of where their funds are located.
Universal Gas
All multi-chain frameworks must overcome the challenge of gas payment. Particle Network's Universal Gas aims to abstract away the complexity of specific gas tokens. Through Particle Network's Paymaster, users can pay transaction gas fees with any supported token on any supported chain. For example, users can pay for Solana transactions with USDC on Ethereum.
Project Modules
Particle Network's core functions (Universal Accounts, Liquidity, and Gas) are implemented through three main modules: the Master Key Storage Center, the Decentralized Messaging Network, and the Decentralized Bundler.
Master Key Storage Center
The Master Key Storage Center module serves as the central source of truth on Particle Network. It works by synchronizing state changes of Universal Accounts across all supported blockchains, maintaining cross-network state consistency. This module records any changes on Particle Network, such as users adding signers to their Universal Accounts.
Decentralized Messaging Network
Particle Network's Decentralized Messaging Network (DMN) module relays successful UserOperations (transactions of Universal Accounts) from external blockchains to Particle Network. The DMN is supported by a system of Relayer Nodes, which act as messaging hubs on Particle Network. Additionally, the DMN works in tandem with the Master Key Storage Center to pass state data to and from supported blockchains. The DMN is powered by Hyperlane, an interoperability layer that allows supported blockchains to connect and communicate seamlessly.
Decentralized Bundler
The Decentralized Bundler module is responsible for executing UserOperations, a core component of Universal Liquidity. This module consists of a distributed network of Bundler nodes. Bundler nodes execute transactions on behalf of Universal Accounts, such as purchasing NFTs or swapping tokens. They achieve this by interacting with liquidity providers. In this case, liquidity providers are not traditional DEX liquidity providers but liquidity pools spanning multiple chains, used for bridging funds.
Public Testnet
Particle Network's public testnet launched on May 2, 2024. The testnet showcases two core functions of Particle Network: Universal Accounts and Universal Gas. Users can register for the testnet using EVM wallets (such as MetaMask or Rainbow) and create Universal Accounts.
Note on Web Link Access
Due to network issues, the link https://x.com/ParticleNtwrk could not be successfully parsed. If you need the content of this webpage, please check the validity of the link and try accessing it again. If you have any other questions or need further information about Particle Network, feel free to ask, and I'll be happy to help!
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