Review on Particl by Toprak Dere

Name: Particl
Item: Particl
Rating: 4

January 11, 2021

About Particl

Particl is the newest, decentralized, secure and peer-to-peer cryptocurrency on the block with an emphasis on ease of use and scalability as well as creating an ecosystem built around privacy and anonymity.

It aims to start a new era of cryptocurrency and blockchain technology with an emphasis on the security and protection of user data and transform the way online transactions work in a completely insecure way without intermediaries.

With privacy-focused cryptocurrencies gradually gaining popularity, cryptocurrencies like Particl that emphasize on protecting and securing user data may rise in the future. For a relatively new cryptocurrency, PART has a dedicated and communicative development team as well as rapid user adoption and community engagement. This may mean that PART cryptocurrency will soon be an important chance for users.
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Pros

Proof of Stake system - Particl, although based on Bitcoin, is a fully PoS based cryptocurrency with staking rewards up to 5% per year. The reward will decrease by 1% each year and then remain stable from the 4th year. Therefore, Proof of Stake coins are much more environmentally friendly and efficient than similar Proof of Work systems, as there is no heavy mining.
RingCT - PART uses an innovative protocol called ring signature or ring confidential transaction to protect the privacy of users in the blockchain. This protocol anonymizes transactions by scrambling and combining multiple addresses. This makes it extremely difficult to determine the origin and destination address of a single transaction.
Segregated Witnessing - PART uses the new SegWit technology to improve the security and stability of the blockchain. In SegWit, the block size is increased, and this, in addition to increasing transaction confirmation speeds and block times, also removes an important flaw known as transaction formability, in which the authentication blocks of signatures cannot secure themselves. In addition, this technology eliminates this problem and greatly increases network capacity and efficiency.

Cons