Luganodes X Particle Network: Modular Chain Abstraction

Introduction

Luganodes is delighted to announce our collaboration with Particle Network as a validator. This partnership is designed to bolster the decentralization and security of Particle Network's innovative blockchain infrastructure by utilizing Luganodes' enterprise-grade solutions.

To improve the decentralization, permissionless operation, and security of our upcoming L1, we are onboarding our first batch of industry-leading professional Validators, who will contribute to our decentralized network by running Modular Nodes.

Modular Nodes play a vital role… pic.twitter.com/id5SLamsVP

— Particle Network (@ParticleNtwrk) May 20, 2024

The L1 Unifying All Chains Through Universal Accounts

Particle Network is leading the charge in blockchain innovation by addressing Web3's fragmentation issues. Launched in 2022, the project initially provided Wallet Abstraction services, enabling users to create smart contract wallets linked to their Web2 social accounts. With over 17 million wallet activations and 900 dApp integrations, the network is now evolving into a modular Layer 1 (L1) blockchain, focusing on chain abstraction.

The Problem Particle Network Solves

The Web3 experience can often feel fragmented and unintuitive. Different chains incentivize users to stick to their network, which can necessitate different wallets for interaction and forces users to both manage fragmented balances across chains and manually bridge assets to move between them. Furthermore, protocols often choose their deployment chains based on co-marketing opportunities, total value locked (TVL), and market sentiment rather than technological innovation. Consequently, this leads to siloed, incompatible ecosystems that hinder Web3's growth and limit its accessibility to tech-savvy users.

Particle Network addresses these challenges through Modular Chain Abstraction. This approach simplifies users' interactions with blockchains, thereby enabling seamless use of any product or asset without managing multiple wallets, bridging, or dealing with underlying blockchain complexities.

Simply put: Particle Network allows users to leverage one account with one balance across the entire ecosystem.

Empowering Web3: Particle Network’s Core Functionalities

Particle Network's modular L1 blockchain coordinates Universal Accounts and Liquidity. This design allows users to maintain a single address and balance across all chains while paying for gas in any token. Built on the Cosmos SDK, this L1 retains its sovereignty and outsources key functions like validation and data availability to specialized ecosystem actors, primarily through Modular Nodes.

Universal Solutions for a Fragmented Ecosystem

Particle Network's L1 features a high-performance, EVM-compatible execution environment and dual staking for enhanced security via Babylon. Specifically, it provides three essential functionalities:

1. Universal Accounts:** Offering a single user address and balance across multiple ecosystems.

2. Universal Liquidity: Unifying liquidity across chains through atomic transactions.

3. Universal Gas: Enabling gas payments with any token, settled on the native token, $PARTI.

Additionally, the network employs a unique data availability aggregation model. By utilizing providers like Celestia, Avail, and NEAR DA it ensures a decentralized and secure data management system.

Luganodes X Particle Network

Luganodes joins Particle Network's first cohort of industry-leading professional Validators, operating Modular Nodes to secure and decentralize the network. This partnership leverages Luganodes' expertise in blockchain infrastructure to ensure robust and reliable operations for this innovative L1.

Conclusion

Luganodes is committed to advancing blockchain technology by supporting innovative projects like Particle Network. This partnership underscores our dedication to providing robust and secure infrastructure solutions that drive the industry forward. Together with Particle Network, we are paving the way for a more integrated and user-friendly Web3 ecosystem.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.