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...

Solana is known for its efficiency and scalability. It operates as a layer-1 protocol, allowing the processing of thousands of transactions per second while minimizing fees. This feature addresses the challenges that other blockchain protocols face.  In 2022, SOL, Solana’s native currency, had a turbulent year due to external factors. However, it has rebounded, rising by 500%. Currently, over 70% of all circulating SOL are staked. Focus on Solana in 2024 Solana’s commitment to high-throughput, low-latency transactions highlights its significance in 2024.  Its architecture has attracted diverse projects, including decentralized finance (defi) and non-fungible tokens (NFTs). This year, Solana is expected to achieve significant breakthroughs within its ecosystem.  It’s an opportune time to explore some of the top projects on Solana that are redefining decentralized technologies.  The below projects showcase Solana’s versatility and role as a c...