Recently, Particle Network has launched its new chain abstraction product, Universal Account, for internal testing.

I have introduced Particle in several of my previous articles. With a funding of 23 million, the latest round of investment came from Binance. Each product they release never fails to surprise people.

I previously participated in the Pionner test network, and their activities always generate a lot of buzz. However, the previous events were too crowded. This time, the internal testing requires a verification code, so there will definitely be fewer people. I obtained 3 internal testing codes, one for my own testing and the other two for lucky draws. However, I am not sure if there will be any airdrops for the internal testing, it all depends on fate. The requirements for the lucky draw are:

1) Follow @riyuexiaochu @ParticleNtwrk

2) Retweet and comment on this tweet

Now, let me share some of my opinions.

First, let's introduce the concept of chain abstraction. When you hear the word "abstraction," it might instantly give you a headache. In fact, its original intention is just the opposite. It simplifies the chain, helping users manage the chain uniformly without having to worry about whether it's V, E, S, or M. It can achieve: 1) using any wallet or common social account to log in, without needing to deal with private keys, public keys, or mnemonic phrases right from the start; 2) aggregating funds from various chains.

Chain abstraction is different from other purely narrative concepts. It has a very high practical demand. In the current era of numerous public chains, cross-chain operations are often required, and sometimes the funds on one chain are insufficient, requiring crossing several chains. When encountering coins without gas fees, you also need to go to the exchange to get some. It's simply too annoying!!! Therefore, when I tested Particle Network's Universal Account, I felt that it was incredibly smooth. It allows for the direct aggregation of funds from various chains in my wallet with just one click, and I can use any token as gas fees, perfectly solving the aforementioned problems.

You know, when the market is good, various chains, memes, and Dapps keep popping up. Whether you make money as a "leek" or not doesn't matter, what matters is that you have to participate. Daily running around on various chains, Universal Account is really needed, and once you've used it, you might not be able to do without it.

I think this unified account of chain abstraction is a better product than cross-chain bridges. It can completely replace cross-chain bridges because asset cross-chain is not the goal at all; the goal is the use of funds. I simply don't want to bother with token cross-chain or chain crossing. It's like what Ford said, "If I had asked people what they wanted, they would have said faster horses." It wasn't until he showed them the car. Similarly, users actually don't want to deal with cross-chains, and we are not familiar with LayerZero at all. I just want to simply buy a meme and make a hundredfold profit.

The "convert" function of Universal Account can convert the assets in the wallet into the specified token of the specified chain with just one click. As shown in the screenshot I provided, it can convert all the ETH, USDC, and USDT in my wallet into USDC on arb. Then I can happily buy coins. Moreover, I personally speculate that this is just the internal testing version. In the future, this step can be skipped directly, and the assets can be directly aggregated in the DEX exchange, achieving the goal in one step.

In a broader sense, chain abstraction is a necessary infrastructure for the mass application of blockchain. We know that the easier it is to understand a new thing and the closer it is to the existing methods, the easier it is for the public to accept it. However, the current blockchain is just the opposite. When newcomers arrive, the first step is to have their own wallet and understand public keys, private keys, gas fees, and various public chains, which is as difficult as advanced mathematics. This undoubtedly makes many people hesitate. The function of chain abstraction allows for logging in with a small fox or a social account, unifying public chains. For newcomers, the threshold is lowered, and the acceptance is greatly increased.

In actual testing, it gave me a very smooth feeling, and the product experience was very good. Of course, the current testing version has limited support for public chains and tokens, but I believe it will soon support BTC series, Solana, and Move series.

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