What is Particle Network?
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Hello friends, we could currently be facing one of the most important years for cryptocurrencies in which more and more investors and institutions are focusing their attention on the crypto sector and many believe that bitcoin could be advancing to $100,000 sooner than expected.
One could say specifically at the end of summer, a key moment for the market that is leaving unique opportunities with which to take advantage of the rise and potential of this sector before it is too late. For this reason, I would like to mention a project that will give a lot. What to talk about in the coming months.
The project that I am going to mention is Particle Network we started with a project with a lot of potential by taking advantage of modularity, a revolutionary technology that greatly enhances the blockchain sector, a new development that divides the blockchain into several modules in such a way that instead of all the modules being executed by the same blockchain such as Ethereum, it allows you to choose a different solution for each module that is specialized in this specific aspect.
With the intention of making it much more efficient and look at it this way, what is more efficient in terms of a company manufacturing a product, selling it and taking care of marketing and transportation and everything or taking care of something in special and the rest is handled by other companies that are specialized in their field, such as marketing or distribution, transportation. This is something similar, what happens with this technology.
However, today, even though new scalability solutions such as rollups or layer 2 are emerging, many of them are incompatible with each other or are in different blockchains, which forces you to have to make bridges and in the long run makes the experience very difficult. users a very important disadvantage that represents a barrier to the growth of adoption, which is why particle has created a blockchain based on Cosmos technology.
Which is mainly focused on solving this problem by integrating a solution that they have called chain abstraction that basically tries to simplify the user experience with a tool that connects all these solutions directly instead of having to go around so many times to achieve your goal. You will simply be able to send your assets, buy or trade everything in one fell swoop and between any blockchain.
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It achieves this through a system of three main modules, a universal account with which you as a user can control your balance of all your wallets and blockchains from the same all-in-one account, a universal liquidity system that unifies the liquidity of all blockchains to that you can access different tokens without having to make bridges and a universal gas token which will be used to pay the FEE of any chain
Without a doubt a system that has not only caught my attention but particle is generating a lot of excitement with its launch and already has a fairly large community on social networks with almost 700,000 followers on Twitter more than 400,000 on discord more than 1 million registered users as well as its ecosystem that has more than 4 million active users.
To date, of the more than 17 million that it currently has, which have registered a fairly significant volume, specifically more than 2,000 million dollars to date, another positive point is the great support that this project has with many partnerships that can be viewed in their website.
| In conclusion |
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Particle Network is a new project that has a great community and has great sponsors who are supporting the project, which is why it has very good potential to invest in the long term. Its innovative technology will give a lot to talk about and because becoming one of the great a In the future, before finishing the publication, remember that investing in new projects is a double-dealing weapon, so I advise you to study a project well before investing.
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