Elastos and Particle Network Simplify Web3 Onboarding
Key Milestone in Web3 Onboarding
Elastos and Particle Network have achieved a significant milestone in enhancing user onboarding for decentralized applications (dApps). This collaboration simplifies the transition for Web2 users to Web3, making it more accessible and expanding adoption.
Integration with Elastos Smart Chain
Particle Network has successfully integrated the Elastos Smart Chain (ESC) Mainnet. This integration allows users to operate Elastos dApps using familiar Web2 logins, such as Google, creating a seamless experience. As a result, developers can attract Web2 users, opening up new revenue streams without the need for complex crypto wallets or seed phrases.
Simplifying Blockchain Interactions
The partnership enables users to engage with Elastos dApps without paying gas fees, enhancing the user experience. For instance, users can log in with a Bitcoin wallet to secure stablecoin loans and use these funds immediately on platforms like Elacity. This approach retains decentralization benefits, such as data control and security.
Strategic Benefits for Elastos
Elastos aims to streamline user interaction with decentralized services and BTC-backed solutions by collaborating with Particle Network. This effort aligns with their work on the BeL2 protocol, which secures Bitcoin on its main network using zero-knowledge proofs.
Vision for a Unified Web3 Experience
Particle Network emphasizes the importance of simplifying the Web3 user experience. By providing a single, unified on-chain address and balance across various blockchains, users can enjoy a seamless interaction with dApps. This partnership with Elastos is a step towards making Web3 experiences part of everyday life.
Elastos’ Future Prospects
Elastos plans to expand its ecosystem around the BeL2 protocol with partners like Particle Network. This expansion is crucial for developing a new economic model based on Native Bitcoin, enabling a wide range of decentralized finance, music, and entertainment applications.
About Elastos and Particle Network
Elastos is pioneering a modern Internet infrastructure with blockchain technology, focusing on privacy and digital asset ownership. Meanwhile, Particle Network addresses Web3 fragmentation by offering Universal Accounts, allowing seamless interaction across multiple blockchains.
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