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Particl
About Particl
Particl (PART) is a privacy-focused decentralized platform, launched in July 2017, that provides a blockchain-based marketplace for secure and anonymous e-commerce transactions. Developed by the Particl Foundation, co-founded by Paul Schmitzer and Ryno Mathee in Zug, Switzerland, the platform integrates privacy-enhancing technologies like Confidential Transactions and Ring Signatures to ensure transaction security and privacy. The Particl platform is scalable, energy-efficient, and features voting and governance models. The native token, $PART, is utilized for various functions within the platform. It is used for conducting private transactions, paying for marketplace services and transaction fees, staking for network governance, and incentivizing user participation in maintaining the network's integrity. $PART thus plays a crucial role in the operation and governance of Particl's e-commerce platform, supporting its aim to offer private and secure online transaction solutions.
Particl (PART) is a privacy-focused decentralized platform that facilitates secure and anonymous e-commerce transactions. It aims to provide a blockchain-based marketplace where users can buy and sell goods and services privately. Leveraging various privacy-enhancing technologies such as Confidential Transactions and Ring Signatures, Particl ensures that transactions on its platform are secure, untraceable, and private. The platform is designed to be highly scalable, energy-efficient, and offers various features like a decentralized voting mechanism, a governance model, and self-sustainable funding for continuous development.
Particl was developed by the Particl Foundation, a non-profit organization. The project was initiated by a group of blockchain developers and privacy advocates who recognized the need for more private and secure e-commerce solutions within the blockchain space. Headquartered in Zug, Switzerland, it was founded by Paul Schmitzer and Ryno Mathee. Particl was officially launched in July of 2017.
The team behind Particl focused on combining privacy-centric technologies with the benefits of a decentralized marketplace to address issues like data security and user privacy in online transactions.