Particl has focused its work on the preservation of privacy. You have created a decentralized and anonymous marketplace from a combination of blockchain and P2P, as well as a number of dApps with their own cryptocurrency. The completely decentralized and anonymous marketplace allows buyers and sellers to trade securely with each other without ever having to interact with a third party. The system also includes a completely anonymous messaging system, which is similar to BitMessage.
Who is behind Particl?
Particl is the successor of the ShadowProject, which was founded in August 2014. The team behind this project is known for its innovations in the crypto scene. You’ve been the first to do a lot of tricks, such as an HTML5 wallet, a mobile wallet with encrypted messaging and much more. Shortly after switching from proof-of-work to proof-of-stake, the team began developing a completely anonymous and decentralized marketplace. This boosted the value of the Shadow Cash Coin considerably.
At the end of December 2016, the team around the Shadow Project wanted to meet potential investors in Hong Kong. With the necessary capital, they would be able to devote themselves fully to the development and completion of the project. But in March 2017, instead, they announced the end of the ShadowProject to turn to a new project. That was the birth of Particl.
The ShadowProject probably could not be continued because of the name. Apparently, the Hong Kong partners and many PR companies have suggested that the name “Shadow Cash” has a rather dubious undertone. Most of them even completely rejected the idea of knowing their name linked to the word “shadow”.
The new vision of the project also required a lot of important code changes to the block chain, client and team structure. For all these reasons, the ShadowCash team has decided to completely separate the projects ShadowCash and Particl and to completely rebuild the new blockchain. Their final Umbra version from the ShadowCash project was used as a prototype for the new platform.
Particl Coin in figures – September 2017
Particl has a market capital of US$ 66 million. The daily trading volume amounts to 500k US$. There are currently 7,715,547 of a total of 8,711,547 Particl Coins in circulation (stand on 09.12.2017).
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What is special about Particl Coin?
Particl is based on the Bitcoin code base 0.14.2. However, the development team has added around 100,000 new lines of code to make it a completely unique coin that offers a host of features and capabilities.
Particl works with a so-called dual token system. This means that two different tokens are used, but they can be transferred seamlessly. One of them is a public token, which has the same characteristics as Bitcoin, while the second is a completely anonymous and private token. Users can easily send public coins to private and the wallets automatically convert them. The same can also be done in reverse. This offers the user a high level of privacy.
As already mentioned, Particl has its own marketplace, the Particl Market. It is an attractive option for anyone who buys or sells everything online. Similar to eBay, Etsy or Amazon, purchases and sales can be made there. The difference is that all transaction data, payments and messages between buyer and seller are sent over a self-managed, distributed network and not on central servers.
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Particl Coin wants to create an integrative platform, therefore it allows the use of other cryptocurrencies. A decentralized data protection platform that focuses on free markets cannot be limited by its own built-in token system. The goal is to lower entry barriers and reduce the difficulties of online shopping, which allows buyers and sellers around the world to enter the system more easily.
You can’t buy it directly for fiat on any exchange. You can choose the best service to buy bitcoins for your region and buy BTC there, then trade it for PART on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and secure place to buy BTC.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com