Bittime - Particle Network, a Layer 1 (L1) public blockchain that implements on-chain abstraction, recently achieved an impressive milestone. The phase 1 Particle Network testnet which has been running for 7 days has succeeded in collecting more than 600,000 Universal Accounts. This number indicates the high interest and potential that Particle Network has.
Universal Account and Universal Gas
As a modular L1 blockchain with chain abstraction, Particle Network offers innovation in the form of Universal Accounts. Through Universal Accounts based on a high-performance EVM execution environment, testnet users can connect to various L1 and L2 blockchains, such as Ethereum, BNB Chain, Polygon, and BTC L2.
Its advantage lies in the ability to carry out full cross-chain transactions without the need to store the original token from another blockchain directly. Instead, Particle Network uses Gas Universal tokens to facilitate such transactions.
To date, more than 13 million cross-chain atomic transactions have been successfully carried out on the L1 Particle Network network.
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Testnet Phase 2 with Universal Liquidity
Meanwhile, Particle Network has just completed a testnet upgrade at block height 439944. This upgrade provides provisions for the upcoming Phase 2 testnet which will focus on Universal Liquidity.
With the presence of Universal Liquidity, users and developers can utilize Universal Accounts to create seamless cross-chain assets on the Particle Network network. This integration enables the abstraction of purchasing power distributed across multiple blockchains seamlessly.
Thus, Particle Network has the potential to be a solution to user and liquidity fragmentation amidst the proliferation of emerging blockchains.
Can Particle Networks Compete?
The achievement of 600,000 Universal Accounts in a short time on the Particle Network testnet network is an indication of great interest and potential.
Chain abstraction capabilities through Universal Accounts and Universal Gas offer a compelling solution for users and developers looking to interact cross-chain efficiently.
In addition, Phase 2 of the testnet which will focus on Universal Liquidity further adds to the appeal of Particle Network. Even though it is still in the testnet stage, this achievement is something players in the blockchain industry should be wary of.
Particle Network has the potential to become a bridge connecting various blockchain and crypto ecosystems, while providing a more integrated user experience in the future.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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