Particle Network v2 goes live

Particle Network has announced the launch of v2 to advance the adoption of Web3. The primary aim is to encourage Web2 users to make the shift to Web3. The development brings two major aspects: the Intent Fusion Protocol and zkWaaS. Together, they will enable the community to architect a Web3 access layer that is not just intent-centric but also modular in nature.

They will carry the reputation of offering enhanced privacy, efficient transaction execution, and improved product composability. Overall, there are four advancements the community can look forward to. These are:

  • Privacy in transactions and authorization
  • User data sovereignty
  • Transaction efficiency
  • Streamlined blockchain interaction

To start with, zkWaaS ideally deals with managing the credentials of Web3 while ensuring the user’s Web3 experience is seamless. It does so by securing the login details. Moreover, zkWaaS holistically manages user data to set a new benchmark for Web3 wallet.

What lies at the core of it is Smart Stealth Addresses. The functionality assigns a temporary and one-time address to a user at the time when they are looking to interact with a third party. It serves the purpose of protecting the user’s identity and, hence, ensuring that the chances of them falling prey to any vulnerable attacks are drastically reduced.

It further eliminates the need to deploy additional smart contracts. It brings together two elements: Confidential Transactions and Confidential Authorization. Needless to say, both are aspects that users look into while deciding if it is worth transitioning to Web3 from Web2. It makes Web3 a more user-friendly platform.

Finally, Particle Network v2 brings the Intent Fusion Protocol. It simplifies user intent so that developers and users can focus solely on building intents, as the mechanism handles deconstruction, structuring, and execution of the intent automatically. The subsequent steps are contingent upon the user conveying their intent. Then, it follows the internet as Intent Bidder Network deconstructs it.

Intent Fusion Protocol verifies that the user has signed Confidential Intent Objects before the Intent Solver Network executes the action.

Particle Network v2 has brought this out at a time when there is a growing concern about Web3 being able to host decentralization and user experience together. Transaction privacy is yet another concern that has been at the center of the stage, causing resistance among the Web2 community and, hence, hampering the adoption of Web3.

The development comes against the backdrop of Particle Network’s making some significant advancements in recent days. For instance, it now houses over 800 client partners on the network. It has also added support for over 60 chains committed to adoption and interoperability.

v2 has been designed to support the future infrastructure of Web3 under the assumption that there will be a significant shift in the behavior of users and developers. It enhanced the user experience while also working on composability and user sovereignty.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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