Particle Network is an important piece in the infrastructure of the Crypto market, playing the role of bringing users from Web2 to Web3 easily and simply through improvements in user experience. So what’s special about Particle Network V2? Let’s join us to learn about the overview and evaluation of Particle Network V2 in the article below.
To better understand Particle Network V2, people can refer to some of the articles below:
- What is Particle Network? Particle Network Cryptocurrency Overview
- What is Account Abstraction? Mass Adoption Blockchain Vision
- What is Modular Blockchain? The Difference Between Monolithic Blockchain And Modular Blockchain
Particle Network Overview
Brief introduction to Particle Network
Particle Network is an infrastructure platform for Web3 applications with the goal of helping developers focus on their strengths to build Protocols and DApps with available tools from Particle Network such as Connect. , Auth, Wallet, NFT, Node and Account Abstraction. Not only that, Particle Network’s tools aim to help users have the simplest and easiest operations on Web3. Particle Network can focus on 2 main factors:
- User experience must be like Web2.
- Maximum support for developers in building products.
Currently, Particle Network supports many different Blockchain platforms and Web2 platforms such as iOS, Android, Flutter, React Native, Web,…
Especially Account Abstraction technology, this technology has recently been frequently mentioned by Vitalik in major events such as ETH Denver or Token 2049 as one of the “keywords” helping the Crypto market move towards Mass Adoption. It can be said that this technology is considered the core technology of the Crypto market in the near future.
The Particle Network project itself has also successfully called for $8.7M from many famous investment funds such as Longhash ventures, CyberConnect, Haskey Capital, Animoca Brand, GSR Ventures,… Not only that, the Particle Network team also has Experience in building Asia’s leading Social Games platforms and extremely good at designing user experience solutions.
Motivations for Particle Network to change
Some of the issues that arise when users move from Web2 to Web3 are especially privacy aspects. Simply paying for a cup of Coffee can expose you to all of your Web3 assets, which clearly need editing and change.
In version V2, Particle Network will still focus on user experience. What do you think about:
- Private Keys are easy to lose and cannot be recovered if lost.
- Having to sign too many times in 1 transaction.
- It is very easy for hackers to take over all assets.
- Must use ETH as transaction fees in the Ethereum network and most Layer 2s.
These issues are truly inconvenient and limit Crypto from reaching Mass Adoption. So in Particle Network V2 all of the above problems will be solved.
Overview and Evaluation of Particle Network V2
Overview of Particle Network V2
It can be seen that in version V1, the development team did a very good job in building infrastructure such as Account Abstraction, Intent Solver Network to introduce in V2 we will have changes at the upper layer. Finally, it is also the layer that interacts directly with end users.
The problem I shared above is: “What will happen if you pay for a cup of coffee and from there all information on Web3 is exposed such as Web3 social network address, total assets, NFTs? holding,…”. Obviously, users from Web2 to Web3 don’t like that. Particle Network V2 will solve this problem.
In Particle Network V2, the development team used Zero-Knowledge As a Service technology and Intent Fusion Protocol to build an Intent-Centric, Modular Access Layer aimed at privacy, security and user friendliness. . In there:
- Zero-Knowledge technology brings privacy to users.
- Intent Fusion Protocol technology brings a smooth user experience like on Web2.
Version V2 also introduces Smart Stealth Addresses, allowing users to interact with third parties using temporary and one-time addresses. This is very simple without adding complexity to the network.
With zkWaaS (Zero-Knowledge As a Service), third-party projects can integrate this wallet platform to bring a user experience in NFT, DeFi, Social, Game,… without fear of being compromised. steal information or spy. Together with Intent Fusion Protocol technology, it will bring a series of unprecedented experiences to users on Web3 such as:
- No need to use Wallet when participating in Web3, you can completely use accounts like Facebook, Google,… so the worry of losing your Private Key is no longer there. However, users still inherit the security and decentralization that comes from Web3.
- Users can customize zkWaaS according to their wishes as provided by Account Abstraction technology.
- Based on user habits, developers can pre-build features that users only need the option to add or remove without complicated settings.
All of Particle Network’s technology, although still in the process of upgrading and development, has been used by third parties such as Protocols or DApps.
Particle Network V2 Review
It can be seen that with technologies such as Zero-Knowledge, Account Abstraction and Intent Fusion Protocol, Particle Network is one of the leading infrastructure projects in strongly improving user experience on Web3. It can be said that besides scalability, solving the user experience problem will be one of the final steps for the market to move towards Mass Adoption.
Particle Network builds an Intent-Centric, Modular Access Layer that also helps Protocols or DApps easily access and use the project’s technology. It cannot be denied that Zero-Knowledge technology is a leading technology in the field of user privacy and Account Abstraction technology plays a key role in improving user experience. Particle Network is choosing both to help its ecosystem do the best for users.
Summary
Particle Network V2 plays an important role for the project itself in particular because it is a leap forward in product development and also plays a big role in the Crypto market in general by solving major market problems. school. Hopefully through this article everyone can understand more about the overview and evaluation of Particle Network V2.
