What is Particl Marketplace?
Particl Marketplace is a decentralized ecommerce platform built on blockchain technology to enable private peer-to-peer transactions without a middleman. It leverages features like multi-signature escrow wallets, ring signatures, and native cryptocurrency payments to facilitate confidential online shopping.
On Particl Marketplace, buyers and sellers can trade goods and services securely through the use of blockchain-based smart contracts. Sellers list their products and set prices in PART, Particl's native cryptocurrency. Buyers can browse listings anonymously and purchase items using PART coins. Their payments are held in escrow until the sale is complete.
A unique feature of Particl is the use of ring signatures and Confidential Transactions to hide order details as well as the identities of both sellers and buyers. This enhances privacy and anonymity compared to traditional ecommerce platforms. Additionally, Particl uses multi-signature escrow wallets so funds are only released when both parties confirm the transactions.
As a decentralized peer-to-peer network, Particl does not charge any fees or collect user data. The platform is community-driven, self-governed, and designed to give users more control over their online shopping experience through blockchain technology.