Particle Network Revolutionizes Web3 with V2 Zero-Knowledge Proof Wallet-as-a-Service

FinanceFeeds Editorial Team

Particle Network’s recent V2 upgrade of its Wallet-as-a-Service emerges as a game-changer, offering unparalleled privacy, user experience, and transaction efficiency in the ever-evolving Web3 landscape.

Particle Network, a leading Web3 infrastructure provider, recently introduced its V2 Wallet-as-a-Service (WaaS) solution. The new version boasts significant improvements in privacy, user experience, and transaction efficiency, establishing itself as a premier Web3 offering in its category.

The development of V2 prioritized future adaptability, ensuring that WaaS remains relevant to evolving user needs and changes in blockchain design. It remains rooted in Web3’s core tenets: user autonomy and composability.

In its inception, WaaS was introduced ten months prior, aiming to simplify user interaction with decentralized applications and elevate the overall user experience. The foundation of Wallet-as-a-Service was built upon the principle of unwavering user privacy. This ethos has been further emphasized and refined in the V2 iteration.

Wang Pengyu, Particle Network’s CEO, remarked, “Our latest V2 release signifies a monumental advancement in web3 wallet infrastructure. We’ve been relentlessly driven to develop the web3 access layer, propelling our innovation. Through integrating ZK technology and the Intent Fusion Protocol, we’re pioneering a new phase of individual autonomy and transactional efficiency. This isn’t merely a product enhancement; it mirrors our unwavering commitment to democratizing web3 accessibility.”

V2 incorporates groundbreaking features, including a zero-knowledge (ZK) element and a unique protocol dedicated to user privacy and security: the Intent Fusion Protocol. This protocol bridges the gap between the blockchain and dapp strata, enabling confidential transactions and authentication. Automating the structuring, deconstruction, and execution of user intents through the Intent Fusion Protocol allows both users and developers to concentrate primarily on intent formulation, culminating in an enhanced user experience.

The introduction of zkWaaS promises user login privacy while streamlining Web3 credential management and retaining an uninterrupted user experience. In addition, V2 brings forth Smart Stealth Addresses, allowing users to employ temporary addresses for third-party interactions. ZkWaaS introduces features like Confidential Auth and Confidential Transactions to reinforce privacy further. Its primary objective remains the seamless transition of Web2 users to the Web3 ecosystem, ensuring their privacy and a user-friendly approach.

With their Wallet-as-a-Service solution, Particle Network enables developers to craft Web3 experiences tailored to modern users’ expectations. This encapsulates a vision where optimal user experience isn’t compromised by security or privacy considerations.

V2 symbolizes a revolution in user engagement and transactional efficiency. It furthers the mission of facilitating effortless user access to Web3 offerings without undermining personal autonomy. Notably, it also offers improved data handling mechanisms that prevent the inadvertent exposure of user data on-chain.

Regarding consumer offerings, Wallet-as-a-Service V2 is Particle Network’s most sophisticated product thus far. It gives developers a comprehensive framework to roll out intricate blockchain services, including those spanning multiple chains. The solution ensures that dapps can achieve optimal performance and user experience by reducing barriers.

Particle Network spearheads Web3 infrastructure initiatives. It’s renowned for its zkWaaS (Zero-Knowledge Proof Wallet as a Service) and the Intent Fusion Protocol offerings. By developing an Intent-Centric Modular Access Layer for Web3, their ambition lies in pivoting the sector from a predominantly engineer-centric financial domain to a broader, consumer-centric marketplace. For more insights, visit: https://particle.network/

Read this next

Executive Moves

Montenegro approves Do Kwon’s extradition to US

Do Kwon, the former CEO of cryptocurrency startup Terraform Labs, is reportedly facing extradition to the United States to face fraud charges. Kwon has been imprisoned in Montenegro since March, and Montenegro’s Justice Minister Andrej Milovic is expected to make a formal decision on the extradition on December 20.

Institutional FX

Marex seeks US listing following failed UK IPO, eyes $2.8B valuation

London-headquartered commodities broker Marex has kicked off plans for a US listing, opting against a London public float after a failed attempt two years ago.

Retail FX

ThinkMarkets IPO scrapped as SPAC merger falls through

Canada-listed blank check company, FG Acquisition Corp., and Melbourne-based broker ThinkMarkets have jointly decided to call off their previously announced merger plan.

Retail FX

Exness trading volumes slow down in November, dip below $4B mark

FX brokerage powerhouse Exness reported a double-digit decrease in its trading volumes for the month of November 2023 as the market environment stabilised following a period of high volatility.

Executive Moves

iGaming veteran Breon Corcoran replaces June Felix as IG CEO

Spread betting and CFDs broker IG Group plc today announced the appointment of Breon Corcoran, the former chief executive of Paddy Power Betfair, as its new CEO, effective from January 29, 2024.

Retail FX, Reviews

A Guide to Forex Trading and Quotex App Download for PC

Trading in financial markets presents a great opportunity for profit. One of the popular choices nowadays is foreign exchange trading, also called Forex or FXm which involves buying and selling national currencies to make a profit. 

Digital Assets

Tokensoft and Chainwire Form Partnership to Boost Crypto PR Outreach

Through this partnership, Tokensoft leverages Chainwire’s expansive PR platform, enhancing its global reach within the cryptocurrency community and ensuring coverage for its token distribution, claims, and fundraising campaigns.

Digital Assets

No escape for Binance’s CZ: Court blocks travel before sentencing

A federal judge in Seattle has ruled that Chanpeng Zhao, the former CEO of Binance, is not permitted to return to his home in the United Arab Emirates before his sentencing in the United States, set for February.

Digital Assets

FINMA-regulated digital asset provider Taurus expands into Germany

This expansion follows recent moves by BaFin to accelerate the licensing of crypto custody services, aiming to boost market confidence. Following this, several new licenses were issued, notably to Commerzbank, making it the first full-service financial institution in Germany to receive a crypto custody license.

<