Analysis Today TheBitTimes.com

Particle Network’s modular L1 blockchain is a universal settlement layer for a multi-chain ecosystem. It features Chain abstraction and Universal Accounts. Particle Network has introduced its modular Layer-1 blockchain, an upgrade powered by chain abstraction and universal accounts to make user experience across blockchains easier. Particle Network’s L1 is a Cosmos-SDK-based blockchain that will act “as a universal settlement layer for the multi-chain ecosystem.” “ Relying on the Cosmos SDK to build this chain allows us to make it intrinsically modular , retaining its sovereignty while outsourcing key functions like validation and data availability to specialized ecosystem actors. Our L1 is also based on Rollkit and uses Bera chain ’s Polaris framework for EVM compatibility. Furthermore, it leverages a Universal Inter-Block chain Communication (IBC) protocol for interoperability, enabling cheap, fast cross- chain transa...

Terraform Labs co -founder Do Kwon is pushing back against the United States Securities and Exchange Commission ( SEC ) regarding Slack messages presented as crucial evidence in an ongoing Legal battle . These messages, dating back to September 2019, involve a discussion between Kwon and his co -founder , Daniel Shin, regarding potential tactics to boost investor interest in the Seoul-based payments provider, Chai Corporation . The exposed chat reveals that Kwon and Shin brainstorm strategies to attract investors. Chai Corporation, founded by Kwon and Shin in mid-2019, had close ties with Terraform Labs until their separation in 2020. The leaked messages indicate that Kwon had plans to shape transactions to make them more appealing, stating, “I can just create fake transactions that look real.” He believed these transactions could generate fees and be phased out gradually as Chai grew. Kwon also sought confidentiality, saying, “I won’t tell if you won’t...