What Is Particl?

About Particl (PART)

Particl (PART) is a cryptocurrency that can be used for various purposes. However, the main idea of Particl ecosystem and cryptocurrency is the building of a digital marketplace. Particl ecosystem has a number of unique features:

1. Marketplace
   
   The uniqueness of this marketplace lies in its complete anonymity. Particl claims that no information is saved on any server. Thus this marketplace does not require any escrow services. Moreover, there are no limits on payment methods. Users do not have to use PART, they can choose other cryptocurrencies to make a deal.
2. Voting
   
   Particl ecosystem offers an instrument for decentralized voting. Different communities can benefit from this taking communication within a group to the next level. However, users should be aware that PART holders have more rights for participating.
3. Income
   
   The opportunity to get income from the platform is beneficial both for users and the platform itself. It does not take much to start getting income. Users just need to stake their coins. They get their passive income in PART coins. This activity increases the number of active nodes and makes the platform more sustainable in the face of hackers’ attacks.

PART is a privacy coin that uses RingCT, CT, Bulletproofs and stealth addresses.

PART is built on the Bitcoin codebase which makes it more flexible and allows RingCT to be used in decentralized applications.

Where did Particl (PART) come from?

Particl is a relatively new system. Although it has started as a different project called Shadow Cash, its team did not go public until it became Particl in 2017. The developers are focused only on Particl now and do not support previous projects. Now the team consists of 22 members. Here are the co-founders of Particl:

1. Ryno Mathee. Lead co-developer
2. Paul Schmitzer. Co-founder, Communication Manager
3. Gerlof van Ek. Co-founder, Lead Designer & Branding, UI/UX, Developer

What are the advantages of Particl (PART)?

Particl ecosystem has an impressive number of advantages that can be attractive to new users:

1. Passive income
2. Does not collect personal information
3. Hides the participants of all the transactions
4. Hides the amount that was used for a transaction
5. Uses the RINGCT which provides a high level of anonymity
6. Provides opportunities for developers to make it easy to build new applications
7. Proof-of-Stake system
8. Convenient and pleasant design

What are the disadvantages of Particl (PART)?

You may need to set up TOR. It is required to protect anonymity and get privacy benefit, but its functions are not built in. Although, Particl can be used without it.

How to exchange crypto on SimpleSwap?

If you want to continue your immersion in the Crypto World and purchase some cryptocurrencies, you are welcome to use SimpleSwap by following the simple instructions below:

1. For example, you want to swap BTC to ETH. Select the currency you want to exchange (e.g. BTC) in the first drop-down list. Then enter the amount you want to swap.
2. Select ETH in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
3. Click the Exchange button.
4. Enter the Recipient's Address. ETH will be sent there. Be careful and make sure you use the correct address.
5. Create the exchange.
6. You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to ETH exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.