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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...

Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof of concept,” widespread adoption of this alternative to traditional finance is only possible when the developer and user experience is improved. Developer Incentives and Mass Adoption of Defi Besides improving developer and user experience, the Radix CEO told Bitcoin.com News that the provision of ongoing and sustainable support to developers ensures “you [don’t] end up with a ghost chain.” Ridyard, a YC Alumni, also shared thoughts on how defi and Web3’s scaling woes can be overcome. Ridyard further discussed Coinbase’s attempt to bolster developers with its recently launched layer 2 (L2) blockchain and why this is unlikely to result in the envisaged mass adopti...

During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin block chain . Ordinal Inscriptions on Bitcoin Blockchain Spark Debate Among Crypto Community The controversial NFT concept known as Ordinals, which uses the Bitcoin block chain to mint inscriptions, has been a highly topical subject recently. Since its introduction, there has been a marked increase in the number of inscriptions being added to the Bitcoin block chain in a permissionless manner. This includes JPEG images, NFTs from other block chain s like Bored Apes, and even a DOOM video game file. The biggest surprise was when the Luxor mining pool mined a 3.96 MB block (#774,628) that contained Ordinal inscription #652, a JPEG image of a wizard. Charts show a rise in Ordinal mints since the Feb. 2, 3.96 MB block mined by L...