Rewrite of CMC-description



  • This is the original particl description on CoinMarketCap as of March 2020:

    Launched in July 2017, Particl® (PART) aims to offer its decentralized multifunctional technology to create DApps, execute public or anonymous smart contracts, share encrypted messages or leverage the secure B2B B2G and B2C marketing platform to enable anyone to buy/sell products/services. Particl® claims to be completely private and highly encrypted, which means that no transaction can be traced back to a user and user identity. It is possible to generate passive income by storing interest staking 4% of PART. In its PoS3 protocol, several functions have been added: cold staking, SDK, Quantum resistance, Sidechain crossover functions, community voting. The team plans to add more features in the future.

    We should envision to rewrite the description to reflect in a better way the current project development status.

    The document where to elaborate the description on can be found here:
    https://www.dropbox.com/scl/fi/03kc1x2uir3ri3i39a8ud/Rewrite-of-CMC-description.paper?dl=0&rlkey=dwbivhf1tqcpuy0g6n4lcmgz3



  • I think the fully decentralised market place is the outstanding feature of Particl. While all the other features are nice, they play a supporting role to the marketplace. The CoinMarketCap description would, I believe, be most effective if it really highlights this feature rather than emphasising Particl as a DApp platform which we have many of already. I’d welcome your edits and suggestions to improve the text:

    *Launched in July 2017, Particl® (PART) is decentralised marketplace for goods and services. The market place runs as a peer-2-peer networked application rather than a website but has a familiar graphical interface for those using traditional eCommerce market platforms. Listings may be published globally or to private groups. There are no third parties between you and your buyer/seller, and payment can be made in any currency, though is settled in the native currency PART. PART is needed to economically secure both the blockchain and the settlement of every marketplace purchase via an automated escrow system in which parties may be penalised if they fail to uphold their agreements.

    Particl is an independent blockchain based on the Bitcoin Core source code with multiple additions to support the censorship resistant marketplace. These include Confidential Transactions with Bullet Proofs from the Blockstream Elements project (to hide tx amounts), Ring Signatures from CryptoNote/Monero (to hide party addresses) and SMSG, a DHT embedded in the node stack for carrying rich data such as listings images and chat messages, without bloating the ledger.*


  • Admin

    Counteroffer

    This approach shows the “what” instead of the technical how while having a distinct separation of the layers. It avoids technical terms as far as possible. It aims to answer the benefits of the platform and the utility of the Particl Coin.


    Particl is a privacy-first and worldwide censorship-resistant eCommerce platform, built on blockchain technology. It restores the balance of power towards the individual, not corporations or governments, by decentralizing core aspects of today’s internet and today’s economy.

    Particl Marketplace with its no-commissions, near-zero fees, and no login-data prerequisite is a multi-vendor marketplace like Amazon. It preserves your privacy, making you earn more money while being able to have products at more reasonable prices. It protects its vendor’s supply-chains and interests. It protects users from scam attacks with its built-in and game-theory based automated dual-escrow system and enables anybody to operate a completely independent restricted and private marketplace on their own.

    Particl Coin (PART) is an independent digital currency that offers superior data protection and privacy technology. At its core, the latest Bitcoin-code is implemented but enhanced with features that make PART unique. At the same time, it is the settlement-layer underneath transactions made on any Particl application. Any payment, in fiat or digital currency, is converted into PART to provide the needed privacy aspects listed above and making users non-blackmailable and detached from the traditional banking system.



  • Here I tried to combine both proposals (dros’ structuring with opaceys’ writings):

    Launched in July 2017, Particl ® (PART) is a decentralised, privacy-first eCommerce platform for goods and services.

    Particl Marketplace runs as a peer-2-peer networked application rather than a website but has a familiar graphical interface for those using traditional eCommerce market platforms. Listings may be published globally or to private groups. There are no third parties between you and your buyer/seller, and payment can be made in any currency, though is settled in the native currency PART.

    Particl Coin (PART) is needed to economically secure both the blockchain and the settlement of every marketplace purchase via an automated escrow system in which parties may be penalised if they fail to uphold their agreements. PART is using the PoS3 protocol on its independent blockchain, and is based on the latest Bitcoin Core source code with multiple additions to support the censorship resistant marketplace. These include Confidential Transactions with Bullet Proofs from the Blockstream Elements project (to hide tx amounts), Ring Signatures from CryptoNote/Monero (to hide party addresses), Cold Staking, Quantum Resistance and SMSG, a DHT embedded in the node stack for carrying rich data such as listings images and chat messages, without bloating the ledger.


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