Binance Labs Invests in Particle Network: A Brief Introduction

• What Is Particle Network?
• Key Features of Particle Network
• Enhancing Developer Experience of Particle Network
• Aggregated Data Availability (AggDA)
• Dual Staking of Particle Network
• Recent Funding and Future Plans of Particle Network

What Is Particle Network?

Particle Network is a revolutionary modular Layer-1 blockchain designed to overcome the challenges of user and liquidity fragmentation in the Web3 space. Its Chain Abstraction infrastructure, incorporating Universal Accounts, Universal Liquidity, Universal Gas, and the Particle L1 chain, fosters a seamless, interconnected ecosystem. 

Key Features of Particle Network

Universal Accounts

This innovative feature enables users to seamlessly maintain a unified account and balance across various blockchains, eliminating the complexities of manual bridging or asset management. With automated simplicity, it enhances the user experience, making cross-chain transactions effortless and convenient.

Universal Liquidity

Particle Network boosts asset fluidity and accessibility by enabling cross-chain liquidity, unlocking the full potential of digital assets with its key features that facilitate seamless interoperability between chains.

Universal Gas

With Particle Network, users enjoy the flexibility to pay for transactions using any token, eliminating the need to hold specific tokens for gas fees across multiple chains.

Modular L1 Chain

Enhancing Developer Experience of Particle Network

Particle Network offers developers a comprehensive suite of tools, including SDKs for Wallet, NFT, and Node Service, to streamline protocol and DApp development. 

Aggregated Data Availability (AggDA)

Particle Network’s Aggregated Data Availability (AggDA) approach revolutionizes cross-chain transactions. By integrating multiple data aggregation services like Celestia, Avail, and NEAR DA, Particle Network efficiently coordinates and preserves states across all Universal Accounts. 

Dual Staking of Particle Network

The Particle Network protocol utilizes a dual staking model, enhancing crypto-economic security and accessibility. This model involves two validator pools maintained by Babylon and its native token, PARTI, bolstering the network’s economic security. 

Recent Funding and Future Plans of Particle Network

Binance Labs has invested in Particle Network, following a $25 million funding round that also included Spartan Group, Gumi Crypto, SevenX Ventures, and Morningstar Ventures. This funding will propel Particle Network’s global growth, advance its features, and facilitate the launch of its L1 mainnet later in 2023.