What is Particl (PART)?
Future of PART Cryptocurrency and know how to buy PART

#1: What is PART?

PART: The Basics

Particl is the newest decentralised, secure, and peer-to-peer cryptocurrency on the block, with emphasis on creating an ecosystem built around privacy and anonymity, along with ease-of-use and scalability. It aims to usher in a new era of cryptocurrency and blockchain technology with emphasis on security and protection of user data, and to transform the way online transactions work, in a completely trust-less way without middlemen.

PART Development

  1. Particl is the successor of the ShadowProject, another privacy focussed cryptocurrency which was founded in August of 2014. The developers behind SDC moved on to create PART with fresh, new branding in March 2017, with Particl being launched in July of 2017.
  2. Particl was founded by Ryno Mathee, with the aim of providing a decentralised, peer-to-peer, and completely anonymous marketplace based on blockchain technology, protecting and securing user data.

#2: What are the benefits of Particl?

PART Technology

  1. Proof-of Stake system - Particl, despite being based on Bitcoin, is a completely PoS based coin, with staking rewards being as high as 5% per annum. The reward will decrease by 1% every year, and then become constant from the 4th year onwards. Proof of Stake coins work by securing the network using stakers, or people who stake their own PART coins, and take part in authenticating transactions, updating the blockchain, as well as in RingCT and SegWit. This is done in exchange for a certain reward in the form of PART coins. Thus, since there is no intensive mining involved, PoS coins are much more environmentally friendly and efficient than similar Proof of Work systems.
  2. RingCT - PART uses an innovative protocol called ring signatures or ring confidential transactions to secure the privacy of users on the blockchain. This protocol anonymizes transactions by obfuscating and merging multiple addresses together, thus making determining the origin and destination address of a single transaction extremely difficult.
  3. Segregated Witnessing - PART uses the new SegWit technology to improve the security and stability of its blockchain. In SegWit, the block size is increased, which, apart from increasing transaction confirmation speeds and block times, also fixes an important flaw known as transaction malleability, where the signatures authenticating blocks are not able to secure themselves. This technology, however, removes this issue, while also greatly increasing network capacity and efficiency.

Key Features

  1. Marketplace - The most unique feature of Particl is the Particl marketplace, one of the first DApps to be released on the Particl ecosystem. The marketplace a secure, decentralised, and peer-to-peer online platform, like EBay or Amazon, whose alpha version was released on 31st May, 2018. Unlike conventional online marketplaces, however, user data will not be stored on any server, nor shared with any 3rd parties. The transactions will take place in a completely secure and decentralised manner, with privacy and anonymity being the two most important features of these transactions. The transaction will happen between the seller and the buyer, with no middlemen involved, creating a completely decentralised and trustless economy.
  2. Decentralised Voting - The Particl platform offers users with a decentralised, nd secure voting platform, which can be used by the community to productively interact and communicate with each other. Since the voting system into the PoS protocol, users with no stake in the network will not be able to vote, thus restricting voting to members who are a part of the Particl ecosystem.
  3. Passive income via staking - PART offers users with the opportunity for earning PAT simply by staking their coins. This works by helping secure the PART network, as the more active nodes there are, the more difficult it is for an attack on the system, such as 51% attack, to be successful. The users, in return for helping secure the network, are rewarded an amount of PART coins, with an interest rate of upto 5% per annum. Particl also provides users with the option of cold staking, where an active node, such as a server or VPS set up to stake coins for a particular wallet. Such a node does not have the authority to spend any coins, securing the user’s PART balance.
  4. Messaging - Particl has a secure, peer-to-peer, and completely anonymous messaging system built right into the desktop client, based on the BitMessage protocol. This provides a safe and secure way for interaction among the members of the Particl network.

#3: How to Buy & store Particl?

How to buy Particl

  1. Particl can be currently bought or traded at Bittrex, Upbit, Bit-Z and LiteBit.eu, with Bittrex being the largest by volume.
  2. PART cannot be mined, due to it being completely based on the Proof of Stake approach.
  3. PART can also be earned in the form of interest by staking your PART coins, as a reward for securing the network.

PART Wallet

The official wallet, called Particl Desktop, can be downloaded from their official website. The desktop application also functions as a centralised hub for managing your Particl account, performing transactions, staking coins, and using DApps on the PART blockchain.

CoinSwitch

While cryptocurrency exchanges provide you with a platform to buy or sell the PART cryptocurrency, CoinSwitch, the largest cryptocurrency exchange platform, comes in to help you make the right decision by providing the prices for PART on multiple crypto exchanges. With support for more than 140 coins and 45,000 pairs of cryptocurrencies, you can choose whichever pair you want with your token and compare the prices at multiple exchanges. This way, you can choose the best deal for you!

What’s more - with CoinSwitch, you do not rely on a separate PART wallet from the exchange to store your PART cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

#4: What is the future of Particl?

Price Graph

Also Read: Complete Analysis of Particl | Live Particl (PART) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

4.26

4.39

4.2

4.33

198653

42680600

May 01, 2018

16.71

17.21

15.96

16.36

1906240

149656000

Mar 01, 2018

20.68

33.08

20.28

27.31

15591800

183748000

Jan 01, 2018

21.37

21.91

19.07

21.45

649019

167201000

Nov 01, 2017

6.83

7.8

6.74

7.13

282037

52976900

Sep 01, 2017

11.65

13.67

11.32

13.67

671737

89581900

Jul 20, 2017

6.8

6.95

6.8

6.95

983921

51998200

  1. With privacy-focussed cryptocurrencies slowly gaining notoriety, prices for coins which lay emphasis on protecting and securing user data, such as Particl, may rise in the future.
  2. For a relatively new coin, PART has had fast user adoption, and community engagement, along with a dedicated and communicative development team, which means there is no significant chance of this coin dying out soon.

#5: How is Particl different from other cryptos?

  1. Dual token system - Particl uses two tokens in its ecosystem, the first being a Bitcoin-esque token, which provides the same pseudo-anonymity of BTC. Just like Bitcoin, transactions are recorded in the public blockchain. The second token, however, is 100% private and anonymous, allowing users to perform transactions in a secure and anonymous way. Public tokens can be sent to private addresses as well, with the PART technology automatically converting the public tokens to private tokens
  2. Currency agnostic - Particl is one of the only platforms which is currency agnostic. This means you can buy and sell, and perform transactions with, other cryptocurrencies such as LTC or BTC without going through the hassle of having to convert them into PART. The Particle desktop application does all of this on the fly, converting external cryptocurrencies to the native PART, allowing for a fast, efficient, and seamless experience.
  3. Emphasis on privacy and anonymity - PART is one of the few cryptocurrency platforms to lay an emphasis on protecting and obfuscating user data. Unlike other cryptocurrencies, Particl was designed from the ground-up keeping these requirements in mind, leading to robust and secure blockchain, that uses various protocols and technologies such as Segregated Witnessing, Ring Confidential Transactions to provide true anonymity and privacy to the user, resulting in an ecosystem free from censorship.
  4. Extensive features - Particl is one of the few cryptocurrencies with a robust set of features right off the bat, including a decentralised, peer-to-peer and anonymous marketplace, a secure and private messaging system, and a decentralised voting system, all hardcoded right into the network, increasing efficiency and security.
  5. All-in-one wallet - The Particl desktop client is an all-in-one application, which can be used to manage your PART balance, send and receive PART from transactions, view account details and transaction histories, as well as run DApps integrated into the wallet, and buy and sell good on the innovative Particl Marketplace.
  6. Unique development strategy - Particl itself is a DApp based on the bitcoin blockchain. This means, unlike Ethereum DApps, where the maker of the app, as well as transactions made on it, are visible on the public blockchain, Particl provides users with the security of having their transactions and DApps secure right from the get-go. Instead of using smart contracts like those on the ETH blockchain, PART DApps are hard-coded into the client, making them much more secure and efficient.

#6: Should you invest in Particl?

  1. If you’re looking for a coin that is committed to securing your data and keeping your identity private, PART might be the coin for you.
  2. With other privacy-focussed coins, such as Monero, already being hugely popular, prices for PART are still relatively low, making this a good time to buy as any. However, investors may want to look at Monero itself as it seems to be hogging most of the limelight in the private cryptocurrency space.
  3. The launch of Particl’s marketplace in the future will most likely cause an upward trend in prices.
  4. While investing in any cryptocurrency is subject to their inherent volatile nature, the unique innovations displayed in Particl, along with an active community and dev team, and good market potential, make it a very good contender for investment.
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