Particl, focused on fixing the biggest issues that continue to plague crypto: the inability to effectively spend cryptocurrencies without friction and with the full guaranty of privacy, this morning announced the launch of its new marketplace. According to the update, Particl’s marketplace is an entirely decentralized ecosystem built around a native privacy coin, PART. “Using a combination of P2P and blockchain technologies, Particl Open Marketplace is able to provide a verifiably private shopping experience that ensures no user data can be created or collected by any party other than the one you are transacting with,” Paul Schmitzer, Particl Project Marketing and Strategy said in the news release. “The Particl protocol also brings the cost of buying and selling online to the bare minimum as no central entity has the ability to charge fees.”
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Particl is a privacy-focused ecosystem based on P2P/blockchain technologies. It is composed of three main components: 1) a privacy coin capable of untraceable/unlinkable transactions; 2) a private, decentralized online marketplace where anyone can buy and sell goods and services for cryptocurrencies without leaving a trace; and 3) a platform on which various applications can be integrated and interacted with. Particl uses a double deposit escrow system based on the MAD game-theory. Each party adds collateral (PART coins) into a smart-contract which is released back to both users, without any fee, once they both agree the transaction is complete. This is scalable, requires no staff and ensures a mutually satisfying transaction. For more information, visit www.Particl.io.
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