Particl refers to a cryptocurrency platform which is decentralized and an autonomous marketplace. It gives users the chance to sell their goods or services in an anonymous manner. It is a self-governing platform which means there are no central authorities which have powers to decide what is to be listed on this platform.
Particl focuses on security and privacy of the blockchain. Although there may not be any centralized authority, it does not mean one can host anything they want to. So, objects like dangerous chemicals or morally wrong things will get down voted at once by this community. It is the first DAPP constructed on the Bitcoin having confidential transactions. This means that the amount transferred will only be viewable by the participants in this transaction.
With Particl the stakeholders have the chance to make money even if they are not buying or selling any item on the market. The platform is secured by the Proof-of-Stake algorithm which means that when you stake coins and run the Particl, you are working for this network and you will get PART tokens. With growing popularity of the platform, rewards for this network also increase.
Particle has privacy tools which let parties communicate with one another in full anonymity. There is no need for third parties. You can sell or buy with total confidentiality anywhere on the globe. So, this is a great option for those buying and selling goods online. You are free to buy and sell any product just like on eBay or Amazon except that the transaction data or conversations are happening in a distributed and self-governed network and not any one server.
Many key cryptocurrencies are trying to get an easy-to-use anonymous and decentralized marketplace and Particl already owns this. So, it basically owns all features needed to become a successful platform. The nature of free markets on distributed networks will automatically raise questions of governance. But Particl has its main focus on self-governance and has researched multiple self-governance models for this reason. This model for Particl has two components, namely platform governance and privacy governance. Particl will work with two kinds of tokens. These may be seamlessly transferred. One is a public token which has same features like the Bitcoin, and the second token is anonymous and a private token. The user can transfer public coin to the private and the wallet will convert these. The reverse is also possible; so, the users have a lot of privacy. Particl is a great option for online buyers and sellers and it strives to build an integrated platform. So, it allows use of different cryptocurrencies. It expects to reduce entry barriers and eliminate hazards of online shopping.
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