# Spotlight on Cryptocoins -- Particl/PART -- 12th feature "private" coins

## Hello Steemians ##



In this __series of articles__ I want to put a spotlight on a __specific cryptocurrency__ and write about the details in all these aspects:

- __Aim of the currency__

- __Technical details__

- __Market position__ 

- __Forecast__



The cryptocurrency in focus currently will be one of the so-called **"private" coins**. Coins that create the possibility to be more or less in private while doing transactions. How private you are is one of the main questions to be answered in this articles.


In this __12th article__ of the series, the spotlight will be on __Particl__.<br>
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<center><img src="https://image.ibb.co/mtLwjS/download.jpg"/><br>
<a href="https://www.particl.io">PictureSource</a></center>




### Aim of the Currency ###



What is this __currency about?__ What does it do differently than the rest?<br> Where is the __unique selling point__ and at what audience is this coin targeted?



All that questions and __more will be answered__ in the following paragraph.

**Particl** or PART is a multi-purpose cryptocurrency, created to fulfill different use-cases. **First** it is a private cryptocurrency with three different states of privacy, **second** it is directly used on the anonymous marketplace of Particl and **third** it can be used also for creating other dApps in the Particl environment.

Atomic Swaps is one of the most interesting features that PART is offering since this ultimately making it possible to use your favorite cryptocurrency directly on the Particl Platform, enriching the native features with the increased security and privacy.

The consensus algorithm is using a Proof-of-Stake approach and features currently a minimum of 5% staking interest per year.

Some of the features are still under heavy development, the marketplace is for instance still in alpha and only available on the testnet, as well as the migration to use RingCT, which will be done in a hard fork.



### Technical Details ###

**Particl** has wallets that support Linux, Mac, and Windows and also a mobile version supporting Android and iOS. The most convenient method to use PART is the so-called *Desktop*.
*Blind* or *anon* transactions can currently not be done using the mobile wallet.

**Particl** is a pure PoS coin that currently offers 5% annual Proof-of-Stake rewards. 
There is no master node-mechanism in place.

The current number of circulating coins is a low 8.954.704, this number is only increased by 5% annually. The block Time is 120 Seconds with a 2Mb block-size.

**Particle** bases on the latest Bitcoin core (0.16.0) and has Segwit enabled per default for all transactions.

**Privacy of transaction** has three different levels within PART. 
- **Public** is like the names say a transaction completely public.
- **Blind** uses the CT, *confidential transaction*, protocol to achieve a medium security. The transaction details are only known to the participants and those they designate. Transaction costs are higher than in public mode.
- **Anon** is the maximum privacy option, using the  RingCT protocol. This is also the most expensive kind of transaction



### Market Position ###

At the time of writing this article (05/02/2018), __Particl is placed 121th__ in __market capitalization,__ with the total value of $148.674.949. The 24h Volume was $1.809.670 USD which is a **rather low number** compared to the last month.

The last weeks and months have been quite a bumpy ride with cryptocurrencies, but the trend rather goes up for **Particl**. The **all-time high was reached on January 13th with over 47 USD per PART.** 
Since then the price has been losing ground, only stopped at 9,33 Dollars at the beginning of April.

**Currently, curves are going up and the price is at 16.60 USD per PART.**

<br><br>



<center><img src="https://image.ibb.co/fh4EM7/part1m.png"/>
<a href="http://www.coinmarketcap.com">GraphSource</a></center>
<br>

Looking back a year, we can see there was a lot of sideways movement in the first period of time. The coin shot upwards like most of the cryptomarket in the year-end hype of 2017, lost a lot of ground and rebounds now since the beginning of April.


<center><img src="https://image.ibb.co/g2Lzon/partall.png"/>
<a href="http://www.coinmarketcap.com">GraphSource</a></center>



### Forecast ###

Just like all the other **private coins** Particl for sure has a valid point in trying to keep the privacy of the sender and receiver.
**Particl** is not listed on many exchanges currently, but it can be bought using Bittrex and Upbit.

**Technically this coin goes new ways** having the Bitcoin Core Code including 3 different layers of security and privacy.
If the **team can deliver the new features and software** like they are planning to, the price for sure will go up as well. 
The Roadmap of the coin can be found [here](https://particl.io/roadmap/).

### Conclusion ###


**Particl** is offering privacy in three different levels from public to anon, it is also possible to use TOR to hide the IP details.
The features surrounding this, especially Atom Swaps and the anonymous marketplace are for sure creating extra attention on this coin and **deliver added value.**

Last but not least there are also __some drawbacks__ and they should not be unmentioned:

- Proof-of-Stake coins sometimes are criticized for making the already rich even richer.
- __Privacy of transaction__ has been also viewed with __criticism__.
- Integration of anonymous marketplace can be seen as problematic. 

<center>Authored by: @jedigeiss</center>
<br>
<center>![](https://image.ibb.co/cH49mR/disclaimer.png)</center>
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