Review on Particl by Fabrizio Zampieri
Particl, found online at Particl.io, is a P2P marketplace built as a…
Particl, found online at Particl.io, is a P2P marketplace built as a decentralized app (DApp) on bitcoin’s blockchain. Particl sees itself as a decentralized private marketplace where parties can make transactions without the need to exchange personal information.
With Particl, the amount of the transaction is only visible to the participants in the transaction.
One of the core functions of Particl is to provide an end-to-end encrypted chat interface where private communication tools provide direct messages and group chats. All encryption is done on the client side (like Signal and WhatsApp) and stored within the data storage network (DSN). Messages are off-chain so they don’t bog down the network with micro-transactions.
PART tokens have a block time of 120 seconds.
The lead developers on Particl are the same team that worked on ShadowProject and ShadowCash, a similar initiative. Particl is an extension of that project, built under a new name with more privacy-centric goals in mind.
The PART coin was launched at a price of around $5 USD in July 2017. Current quotation (6 may 2018) is 16.73 usd.
Pros
- - In Particl platform stakeholders can earn income even if they don’t buy or sell anything on the market. The Particl network is secured by proof of stake. - Particl has built-in, decentralized voting to give stakeholders more control over the network. - Particl allows two untrusted parties to interact in a completely anonymous way without the need for a trusted third party intermediary. Particl’s system involves a “mutually assured destruction” type situation where neither party has anything to gain by scamming the other. - Particl is currency agnostic, which means it will support the use of many cryptocurrencies with the intent of being an inclusive platform.
Cons
- PART is tradable on few exchanges (Bittrex, Upbit, LiteBit.eu, Bit-z).
