Coinspeaker Push Protocol Expands Beyond Notifications With New L1 Chain
Web3-native communications startup Push Protocol is working on launching its Layer-1 blockchain, dubbed the Push Chain. As reported by The Block, it plans to develop the L1 to focus on chain abstraction and building Web3 applications with multichain accessibility. Ultimately, the Push Protocol will address the challenges of fragmented user experiences and scalability issues with the Push Chain.
Push Chain will introduce groundbreaking features to achieve these goals, such as the ability to do any chain transactions. It also plans to introduce a new model called Consumer transactions. Other features expected to come with the chain are wallet and gas fee abstraction, sharding, and sub-one-second transaction finality.
Push Protocol Pivots With Push Chain
For a long time, the blockchain-based notifications project has operated as a communication protocol. It enables cross-chain notifications and messaging for Decentralized Applications (dApps).
This upcoming Proof-of-Stake (PoS) chain is a strategic shift from Push’s original form.
The entire notification and chat protocols will be merged into the Push Chain, turning these interactions into value-accruing transactions. The integration aims to ensure its continued status as the standard for Web3 communication while leveraging Push Chain’s scalability and innovation advantages.
Under its PoS consensus algorithm, the Push Chain will bridge EVM and non-EVM ecosystems.
In the long run, it will enable seamless transactions, liquidity bridging, and smart contract interoperability. According to a spokesperson for the project, the team “worked on building notification nodes for years and completed their implementation in January 2024.”
“It was during this journey that we realized our efforts to scale, unify web3, and enable seamless onboarding for an exceptional consumer experience could evolve into something far more impactful,” the Push spokesperson added.
Push Chain Plans For Phased Launch
As part of its benefits, the Push Chain will serve as a common settlement layer for all the L1s and L2s.
If this is achieved, the resulting “universal smart contracts” will offer developers or users access to the state of a wallet on another chain. The chain’s initial testnet would be phased out, starting with the first in mid-January 2025. The mainnet will follow later in the year.
For now, the Chain is live on devnet. It includes tools and resources for developers, such as the Push Chain Whitepaper, Push Chain Knowledgebase, Push Scan Explorer, and Tx App.
The chain will pave the way for consumer-friendly apps like decentralized social platforms, gaming ecosystems, universal Decentralized Finance (DeFi), and cross-chain non-fungible token (NFT) marketplaces. By doing so, Push Chain could drive mass adoption of Web3. All the resources going into the development of the chain position it to form the infrastructure for on-chain AI.
For context, features like its shared state, fast finality, sharding, transaction payload size, and the ability to have users from any chain give Push Chain the capacity to support fast, multi-use AI use cases in Web3.
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Push Protocol Expands Beyond Notifications With New L1 Chain