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Author Topic: [ANN][PART] Particl ● P2P Anon Marketplaces ● RingCT ● v3 UPGRADE this summer!  (Read 2381 times)
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October 02, 2021, 09:36:26 AM
 #161

Particl V3 is now Available on Mainnet - Download now from the official Particl website:  particl.io




Particl Development Progress Report (01-10-2021)




The end of this glorious week has arrived, and with that comes the weekly development progress report. This week has been a pretty busy one, and so we have quite a lot to report.

First thing first, this week has seen the release of the long-anticipated Particl V3 on mainnet, which includes the new Particl Desktop client and Particl Marketplace. We're happy to report that the release has gone exceptionally smoothly without any significant issue. A few minor problems have been reported concerning getting listings to show up, but they can be quickly remediated with a few manual steps that we are working on fixing. The related changes to fix those minor issues should go live pretty soon.

Additionally, a good portion of this week's focus has been on observing the network following the release, keeping an eye on the chat rooms to spot any problem and assist people with difficulties, and also answering many questions from the community both in the chat rooms, but also in private messages.



Particl V3, now finally on mainnet!

However, it's not because a lot of the focus has been around monitoring the release that there hasn't been any significant progress development-wise. In fact, it is quite the contrary; this has been a pretty productive week. So let's dive deeper into the details.

Particl Desktop Development Report

A small number of minor updates have been added and queued up for the next release of Particl Desktop. Thanks to everyone who's provided feedback (and continue to do so) based on their experience with the initial Particl V3 release.

In addition, here are the items that have seen progress this week but aren't yet fully ready.

  •    Update Particl Desktop and particl-market (marketplace codebase) to use Particl Core 0.21.
  •    Allow users to obtain the mnemonic of the marketplace-related wallets for backup purposes.
  •    A number of features related to better vendor inventory import/update, which includes the provision of a product code (allowing for updates to items via CSV amongst other things), the ability to update pricing via the batch publish window, and the ability to import images through the CSV file directly (with the possibility to specify the category and target market directly from the CSV coming soon as well).
  •    Usage of markdown in product descriptions on the marketplace to allow for better, more customizable formatting.
  •    Allowing for the sale of digital items with no need for a shipping address to be provided (i.e., download links, NFTs, user codes, etc.).


Read the full article: https://particl.news/particl-development-progress-report-01-10-2021/
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October 04, 2021, 08:20:06 PM
 #162

Particl Gets A2 Rating On EVAI.IO

More great news for Particl, only three other projects have A2 ratings and no projects have an A1!

https://twitter.com/evai_io

Join the official http://EVAI.IO discord channel to discuss the ratings






Particl V3 is now Available on Mainnet - Download now from the official Particl website:  particl.io
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October 07, 2021, 06:58:45 PM
 #163

Particl V3 is now Available on Mainnet - Download now from the official Particl website:  particl.io


New Roadmap Revealed (2021)



With Particl V3 now live on mainnet, it’s time to jump right into a new phase for the Particl project. As such, we are happy to release the new updated development roadmap and major milestones ahead of us.

In this post, we’ll expand on Particl’s vision for the future and break down every roadmap item. We also have a few words on marketing, PR, adoption, and the new website so make sure to read this blog post in full!

Table of Contents

  • Particl V3
  • Roadmap objectives
  • Discover the new roadmap
  • BasicSwap Open Beta
  • Web framework
  • What about marketing?

Particl V3 – The Foundation of Particl's entire ecosystem

The release of Particl V3 on mainnet represents a major milestone for the project. Indeed, Particl V3 is the new, more modern foundation on top of which the future of the Particl ecosystem will be built. Because the scope of this essential update was so massive, it took a long time to get ready but was a necessary step in the evolution of the project.

Indeed, Particl V3’s modular approach makes it easier and more efficient to use apps like Particl Marketplace. Still, many of its improvements are back-end functionalities and necessary improvements to the quality of the code. Simply put, all the changes introduced with Particl V3 make possible the majority of the roadmap items presented today....



Read the full blog post: https://particl.news/new-roadmap-2021/




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October 08, 2021, 08:55:24 PM
 #164

Particl Development Progress Report (08-10-2021)



With the week coming to an end, the time has come for another weekly development progress report!

This week, we revealed the new, massive roadmap that will guide the development team through the next few months. And we are happy to report that there is already one item that is expected to be completed before the end of the weekend; displaying the mnemonics of market-related wallets and identities. This feature, which a few community members requested, is accompanied back-end improvements related to user identities, setting the stage for a broader use of identities in the future (i.e., reputation system).

Other than that, there are a couple of items currently under work. Let's check them out!


Particl Desktop Development Report

The development related to Particl Desktop is generally similar to last week.

  • Update Particl Desktop and particl-market (marketplace codebase) to use Particl Core 0.21. This is a recurring task that needs to be taken care of for all major releases of Particl Core, but 0.21 introduces some specific changes that require particular attention in relation to the marketplace.
  • Allow users to obtain the mnemonic of the marketplace-related wallets for backup purposes. This is a roadmap item and is expected to be completed before the end of the weekend. Note that this item turned out to be a bit more complex than initially anticipated. As a result, some back-end changes were required to the profile and identity system, which will come in handy later down the road.
  • A number of features related to better vendor inventory import/update, which includes the provision of a product code (allowing for updates to items via CSV amongst other things), the ability to update pricing via the batch publish window, and the ability to import images through the CSV file directly (with the possibility to specify the category and target market directly from the CSV coming soon as well).
  • Usage of markdown in product descriptions on the marketplace to allow for better, more customizable formatting.
  • Enable the sale of digital items with no physical shipping address requirement (i.e., download links, NFTs, user codes, etc.).

Particl Core Development Report

This week on Particl Core, an update to the SMSG code has been made, allowing for the funding of more SMSG messages per transaction. This intends to streamline the process of publishing large numbers of listings at once on the marketplace.

Also related to publishing large numbers of listings at once, an update has been made here to Particl Core to fix an issue that prevented sellers, in some cases, to list a large number of listings at once (26+). These updates are all part of the team's post-v3 release assessment and efforts to fix immediate problems...

Read the full blog post here: https://particl.news/particl-development-progress-report-08-10-2021/
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October 21, 2021, 07:36:38 PM
 #165


Marketing Particl to the World

Get familiar with Particl's short to mid term marketing and adoption plan.




Over the last few weeks, the “Particl reboot” has been going full steam ahead. Shortly after raising funds from the decentralized treasury fund, the Particl team has set up a few initiatives in motion and been cranking up development!

In terms of significant milestones since, we find the long-anticipated Particl V3 mainnet release, Particl Core catching up to the latest Bitcoin version (0.22), the upcoming BasicSwap DEX nearing its open beta phase, and the reveal of a work-in-progress wallet: Electrum (with support for a Lightning Network user interface).

While all of these achievements are exciting from a technical standpoint, many in the community have been wondering: “But what about marketing?”. This blog post will answer that question in detail and clarify the team’s position and strategy as we progress onward.

Table of Contents

    Putting Marketing in Context
    Upcoming Marketing Initiatives
    BasicSwap; A Door Major Opener
    Community Empowerment

Over the last few weeks, the “Particl reboot” has been going full steam ahead. Shortly after raising funds from the decentralized treasury fund, the Particl team has set up a few initiatives in motion and been cranking up development!

In terms of significant milestones since, we find the long-anticipated Particl V3 mainnet release, Particl Core catching up to the latest Bitcoin version (0.22), the upcoming BasicSwap DEX nearing its open beta phase, and the reveal of a work-in-progress wallet: Electrum (with support for a Lightning Network user interface).

While all of these achievements are exciting from a technical standpoint, many in the community have been wondering: “But what about marketing?”. This blog post will answer that question in detail and clarify the team’s position and strategy as we progress onward.
Table of Contents

    Putting Marketing in Context
    Upcoming Marketing Initiatives
    BasicSwap; A Door Major Opener
    Community Empowerment

Putting Marketing in Context

First thing first, it’s essential to define what we mean by “marketing” to avoid any confusion. Marketing is an umbrella term that touches on brand awareness, PR, product placement, outreach, relationship building, and any other effort to gain adoption and new users or fans. It’s a wide range of actions converging towards making Particl more known, liked, and used.


Why do Marketing?

In the case of Particl, marketing has two clear objectives.

    Gain new users for Particl products (i.e., Particl Marketplace or BasicSwap)
    Increase the number of coin holders and project advocates.

For marketing to have any real impact on the course of the project, results need to be long-lasting. Any new user, coin holder, or advocate gained from any marketing campaign has to stick around for some time and be active within the ecosystem. When it comes to brand awareness campaigns, their message has to stick around and be clear.

This strategical and best value approach to marketing ensures that the project only spends resources towards effective initiatives rather than adopting a “spray and pray” strategy that can work for more prosperous projects, but at an extreme cost.


Read the full blog post: https://particl.news/marketing-particl-to-the-world/
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October 27, 2021, 08:22:21 AM
 #166

Particl Has a New Website!



Better telling Particl’s story, mission, and showcasing its products.



We are proud to announce that the new Particl.io website is live! Built and designed from the ground up by the team, it’s a massive improvement over the previous website. It better tells Particl’s story and mission and puts the spotlight on its products and the many benefits they offer.

There's no better way to discover the new website and understand its direction by visiting it yourself. Follow this link to discover the new front page of the Particl project: https://particl.io/

Why a New Website?

Particl is a mission-driven project with strong convictions. It is supported by incredibly talented developers who’ve built a unique and innovative decentralized platform that finally shifts the balance of power back into the hands of the people, not greedy corporations. The implications of that are huge and it has the potential to change a lot of aspects of our lives.

But somehow, the now-previous website didn’t fully do full justice to the project's mission and intentions. Although it detailed the project’s unique technical points (and they sure are impressive), it was easy for new, curious people to miss the bigger picture that ties everything together. That made it more challenging to turn these interested people into new users and fans of the project and limited the impact of any marketing, PR, or outreach effort.

That's why Particl needed a new website, especially now with the release of Particl V3 which pushes the project into a new phase where outreach will be more prevalent.

The Objectives Behind it

The website has been built with two simple but clear objectives in mind.

- Showcase Particl’s products and their benefits

- Tell Particl’s story and its mission.

Building the website according to these two objectives ensures that the big picture becomes apparent and that people understand the purpose of the project, what it's working to achieve, and what they can get from it.

After all, the official website is where new people land when they want to learn more about a project. It’s what they use to make their first impression and decide whether they want to dig deeper or skip the project out of a lack of interest. And with so many projects to look at nowadays and the sheer number of distractions screaming for attention, you have to transmit your message as clearly and concisely as possible if you want people to stick around and be interested in digging deeper....

Read the full blog post here: https://particl.news/particl-has-a-new-website/

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November 06, 2021, 08:00:58 AM
 #167

Particl V3 is now Available on Mainnet - Download now from the official Particl website:  particl.io


Particl Development Progress Report (05-11-2021)



With the week coming to an end, it's time for another progress report.

Before diving into the details, we'd like to mention that, as of last week, progress reports do not appear on the Particl News start page anymore. We've opted to create a specific section for it named "Progress" and available on the navigation bar at the top of this page. This reduces the bloat on the start page and makes it easier to follow the course of events that surround Particl. Follow the link here to get all the progress reports.

Now let's get to the interesting part!

Particl Desktop Development Progress

A good portion of the week has been spent on improving SMSG messages propagation and handling from Particl Desktop to fix an outstanding issue that caused problems for some users. A change was made to the marketplace handling of the response from core regarding sent messages; instead of failing only when a specific failure case is met, it should now fail for everything unless it meets specific success criteria. Although the fix still requires more testing, it's likely that the issue is fixed by now. A few other reported issues are being looked into, as is usual.

Aside from that, progress has continued over the previously-stated items, gradually leading up to the Particl Desktop 3.1 version.

  • Several features related to better vendor inventory import/update. This includes the provision of a product code (allowing for updates to items via CSV amongst other things), the ability to update pricing via the batch publish window, and the ability to import images through the CSV file directly (with the possibility to specify the category and target market directly from the CSV coming soon as well). This task has been marked with notable progress this week.
  • The usage of markdown in product descriptions on the marketplace for better, more customizable formatting. This task has already been started but has been put on pause until the above items are completed. It is estimated that this item will be completed very quickly once its development resumes.
  • Enable the sale of digital items with no physical shipping address requirement (i.e., download links, NFTs, user codes, etc.). This task has not been started yet.

Particl Core and Other Development Progress

This week on the Core side of things, a lot of merges and updates have gone into Particl Core and the SMSG network. Notably, some investigation and work have gone towards looking into reducing marketplace listing fees, which should go into effect in a future hardfork. As always, you can track Particl Core developments by checking out the Github repository.

Additionally, BasicSwap has received a lot of focus this week with breakthrough achievements being reached. Stay tuned for more details soon!

Marketplace Listing Seeding Proposal

Finally, there have been a few questions regarding the fully-funded Listing Seeding Proposal and its development status. We can confirm that the proposal is indeed under development at this present time, but as mentioned in the proposal, it is being done mostly outside of Particl's regular work scope. It's also being developed in a private capacity.

Since publishing the proposal, several iterations have been explored and the project has evolved into a more important undertaking. While we do not want to confirm any final structure at this moment, we are working towards making the system more open ended-instead of limited to the members who initially published the proposal.

Indeed, we are heavily considering making the "listing seeding system" usable by any community member looking to populate the marketplace with listings and manage them from a web interface.

As a final note on this subject, it's important to be aware that this proposal is now dependent on a few upcoming items, notably the SMSG Controller roadmap item. Additionally, while not a hard requirement, it would highly benefit from SMSG 2.0 which, if you remember, is expected to dramatically increase the scalability of Particl apps and services.

From now on, we will include development updates for this proposal, when there is any to mention, in the weekly progress reports such as this one.

Link to blog post: https://particl.news/particl-development-progress-report-05-11-2021/

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November 07, 2021, 11:38:50 AM
 #168

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November 15, 2021, 10:44:32 AM
 #169

Particl Development Progress Report (12-11-2021)

Get up to speed with the all the recent Particl development and research.



Another week bites the dust! So, without further ado, the time for the weekly status report has come. This week has been a continuation of the work reported in the past few progress reports.

On the side of Particl Desktop, there's not much new stuff that stands out other than the previously mentioned items seeing some progress. As usual, a few minor bugs and improvements, as reported by community members, have been fixed and will be included in the next version of Particl Desktop (3.1). Thanks to all of our dedicated community members that are still reporting issues and making suggestions to this day; it's incredibly useful and has a big impact on the quality of the product!

Particl Desktop Development Progress

Here's a short list of the current items being worked on or planned on being worked on in the short term.

Please note that these items are part of the immediate priority the team has set up following the release of Particl V3 on mainnet. They are meant to support the mainnet release by making its foundation better. While they may appear minor, they are vital to different types of users and will go a long way in making Particl Marketplace more usable in the immediate.

Any new major feature or function is planned for Particl Desktop 3.2 and subsequent versions.

 - Several features related to better vendor inventory import/update. We can report that the ability to batch update prices to multiple listings at once is mostly completed, with only UI tweaks and additional testing being required. The addition of a product code and the ability to import images directly through the CSV file directly is still in progress and is expected to be wrapped up next week, if all goes well.
 - The usage of markdown in product descriptions on the marketplace for better, more customizable formatting. This task has already been started but has been put on pause until the above items are completed. It is estimated that this item will be completed very quickly once its development resumes.
 - Enable the sale of digital items with no physical shipping address requirement (i.e., download links, NFTs, user codes, etc.). This task has not been started yet.

Particl Core Development Progress

Particl's core developer, Tecnovert, has spent the vast majority of the week testing the upcoming BasicSwap DEX and fixing various small issues. We are happy to report that the protocol is now pretty stable but still requires testing as the upcoming open beta will be over mainnet (meaning you'll be able to swap "real coins"). That's why it needs to be as secure as possible and cater to any potential weird case.

On that note, the GUI for the open beta is currently under work and will be moved as a top priority starting on Monday next week. Please keep in mind that the GUI for the open beta is not at all how we intend it to be on the date of the official release; it's merely so that you can test the bare protocol is a more user-friendly way.

We've mentioned it in the past, but it's worth repeating; we've got many surprises planned for BasicSwap and have a big strategic vision for it. While we haven't released too much information about it, or on how we plan on leveraging it to make Particl go viral, but we do not want to play our cards too early for many reasons.

As we make solid progress on the upcoming DEX every week and check more and more items off of its to-do list, we near its official announcement and the reveal of much key information regarding it. We can't wait to share those with you and we're absolutely thrilled with the direction it's taking. Stay tuned for more information, it's coming shortly!


Link to blow post: https://particl.news/particl-development-progress-report-12-11-2021/


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November 20, 2021, 11:50:11 AM
 #170

Particl V3 is now Available on Mainnet - Download now from the official Particl website:  particl.io



Particl Development Progress Report (19-11-2021)






It's Friday once again, and the time has come for our weekly development progress report. This week, we've got some exciting new feature to announce which is going to be part of the upcoming Particl Desktop update (3.1). And nobody expected it this soon! 😉

Indeed, Particl Desktop developer Arnold Bansemer initially started the week focusing on adding alternative delivery methods for digital items. Upon looking at the code, he stumbled onto something interesting.

If you recall correctly, one of the current roadmap items is the ability to adjust the value of the escrow security deposit. It is also one of the top requests we've received both from vendors and non-vendors following the release of Particl V3 on mainnet. As it turns out, due to the new, improved codebase introduced by Particl V3, adding this feature ended up being a relatively easy and quick task to do.

As a result, we are happy to confirm that the "adjustable escrow" roadmap item is now complete and merged into the Particl Desktop code, meaning that it'll be activated on the very next update (3.1).

At this time, custom ratios (0% to 100% of the value of the item being purchased) can only be decided by the seller at the time of creating a listing. To ensure unaware users aren't met with bad surprises, any listing containing custom ratios will clearly indicate it, and buyers will be forced to manually check a box confirming that they are aware of the custom ratios before checking out their cart.



Particl Desktop Progress Report

Because the majority of the week has been spent on integrating the adjustable escrow feature, the previously stated Particl Desktop "to-do" list has remained more or less the same, with a few minor exceptions.

 - Several features related to better vendor inventory import/update. We can report that the ability to batch update prices to multiple listings at once is now completed. The addition of a product code and the ability to import images directly through the CSV file directly is still in progress, however, we're now moving these two tasks for AFTER the completion of the enabling of digital items. Both of these items are relatively easy to wrap up and we'd rather focus on the more complicated task first.
 - Enable the sale of digital items with no physical shipping address requirement (i.e., download links, NFTs, user codes, etc.). This task has been started this week and will be the primary focus for next week.
 - The usage of markdown in product descriptions on the marketplace for better, more customizable formatting. This task has already been started but has been put on pause until the above items are completed. It is estimated that this item will be completed very quickly once its development resumes.

Particl Core Progress Report

This week on Core, work has gone towards keeping Particl Core up-to-date with Bitcoin's codebase. As always, you can track the progress by looking into the list of commits on the Github repository. It provides valuable insights into what's being done on that side of things.

To that end, a new Particl Core release (Particl Core 0.19.2.17) has been published and is now marked as a full release. You can download it here and consult the list of changes.......


Read the full blog post here:  https://particl.news/particl-development-progress-report-19-11-2021/
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November 25, 2021, 01:24:29 PM
 #171


Browse the public market listings without having to download the particl wallet: https://particlmarketplace.shop/




Instructions on how to do this to be released soon!
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November 26, 2021, 06:54:13 PM
 #172

Introducing Particl’s BasicSwap DEX



We are proud to announce that Particl will soon be expanding its ecosystem with a brand new distributed application: BasicSwap.

BasicSwap is a cross-chain and private decentralized exchange (DEX) protocol that allows you to swap one cryptocurrency for another without any middleman or third-party being involved. It lets you make or take orders on a distributed order book and execute swaps that are safe, trustless, unrestricted, and private. To find out what makes it a one-of-a-kind DEX, keep on reading this blog post!



Mockup of BasicSwap's UI | Work-in-progress that is subject to change

Particl’s upcoming DEX is powered by the atomic swap technology and the SMSG network, making it entirely decentralized and devoid of any central operator. No KYC, no trickery, no false promises. Just pure decentralization and privacy. And yes, in case you were wondering, it is fully compatible with Monero (XMR) and will be right from the get-go! 😉

In this blog post, we will take a deep look into this new Particl distributed application. We’ll detail how it’s going to fit in as a critical component of the Particl ecosystem and, perhaps even more importantly, ensure the personal freedom and financial sovereignty of its users.

Table of Contents


    The Particl Ecosystem Explained
    The BasicSwap DEX Explained
    List of Compatible Coins
    Key Features
    Monetization
    How Does it Compare?
    Why is BasicSwap Sorely Needed?
    Open Beta Coming Soon

The Particl Ecosystem Explained

The first step to understanding the significance of BasicSwap’s upcoming release for Particl is to get a good grasp of what the Particl ecosystem is.



Particl is an ecosystem that gives you the ability to live completely free by cutting off middlemen entirely. It’s a platform that hosts different apps that respect your rights, freedoms, and privacy without any compromise. While it’s still under heavy development, Particl aspires to become an all-inclusive and circular economy that people can use to opt-out of the current global financial system. In other words, it’s all about personal freedom and financial sovereignty.

In many ways, the ultimate vision of the platform can be compared as a sort of “decentralized and private WeChat-like ecosystem” where you can get all the key services or products you need right at your fingertips. Alternatively, you can also see it as an OS-like platform for distributed apps. In any case, Particl is an ecosystem of distributed apps, or “dapps”, where independence from any third-party or service provider is absolute. And BasicSwap is an incredibly important step towards that vision.

In fact, as the Particl ecosystem enables you to become truly financially independent, it’s easy to understand how an equally independent, resilient, and unstoppable way to buy and sell the platform’s native currency (PART) is required. However, at the time of this writing, PART is only available through centralized exchanges or by unprotected OTC deals between two people. While centralized exchanges (i.e., Bittrex, WizardSwap) can provide many benefits and unique features, not having any decentralized option is not an option for a platform that seeks to be uncompromisingly independent. But that’s all about to change!

Now let’s dive deeper into BasicSwap and let’s see how it’s going to become a cornerstone for the entire Particl ecosystem. We'll also detail how it will become a competitive and vibrant trading platform for all cryptocurrencies that end up on it.

The BasicSwap DEX Explained

Keeping in mind that the Particl ecosystem is your gateway into a completely independent and autonomous economy, it’s vital to be able to acquire (and sell or trade) the platform’s native currency in an equally independent, safe, fast, and decentralized way. That’s precisely what the BasicSwap DEX enables you to do, but it doesn’t stop at just buying and selling PART.


Particl Marketplace, accessible through Particl Desktop

Particl is an ecosystem that gives you the ability to live completely free by cutting off middlemen entirely. It’s a platform that hosts different apps that respect your rights, freedoms, and privacy without any compromise. While it’s still under heavy development, Particl aspires to become an all-inclusive and circular economy that people can use to opt-out of the current global financial system. In other words, it’s all about personal freedom and financial sovereignty.

In many ways, the ultimate vision of the platform can be compared as a sort of “decentralized and private WeChat-like ecosystem” where you can get all the key services or products you need right at your fingertips. Alternatively, you can also see it as an OS-like platform for distributed apps. In any case, Particl is an ecosystem of distributed apps, or “dapps”, where independence from any third-party or service provider is absolute. And BasicSwap is an incredibly important step towards that vision.

In fact, as the Particl ecosystem enables you to become truly financially independent, it’s easy to understand how an equally independent, resilient, and unstoppable way to buy and sell the platform’s native currency (PART) is required. However, at the time of this writing, PART is only available through centralized exchanges or by unprotected OTC deals between two people. While centralized exchanges (i.e., Bittrex, WizardSwap) can provide many benefits and unique features, not having any decentralized option is not an option for a platform that seeks to be uncompromisingly independent. But that’s all about to change!

Now let’s dive deeper into BasicSwap and let’s see how it’s going to become a cornerstone for the entire Particl ecosystem. We'll also detail how it will become a competitive and vibrant trading platform for all cryptocurrencies that end up on it.
The BasicSwap DEX Explained

Keeping in mind that the Particl ecosystem is your gateway into a completely independent and autonomous economy, it’s vital to be able to acquire (and sell or trade) the platform’s native currency in an equally independent, safe, fast, and decentralized way. That’s precisely what the BasicSwap DEX enables you to do, but it doesn’t stop at just buying and selling PART.
Mockup of BasicSwap's UI | Work-in-progress that is subject to change

BasicSwap is a decentralized exchange (DEX) protocol. It lets you swap one cryptocurrency for another from a different chain (cross-chain). It’s also private by nature.

Swaps are made directly person-to-person, without any intermediary, using a distributed order book. Every single aspect of the BasicSwap protocol is decentralized and open-source, so you don’t have to take our word for it; you can check the code yourself!

List of Compatible Coins

    Bitcoin
    Monero
    Particl
    Litecoin
    Namecoin

We are looking at adding various coins, including ETH and its ERC-20 tokens, shortly after the release of the Open Beta. Any Bitcoin-based and Segwit enabled cryptocurrency can get integrated with minimal effort. Other token issuing blockchains like Fantom, Solana, Avalanche, Polygon, or Binance Smart Chain may become available on BasicSwap as well, at a later stage of the integration roadmap.
Key Features

BasicSwap is a one-of-its-kind DEX in the blockchain industry. While it offers many benefits against centralized exchanges, it has three main distinguishing features that set it apart from other decentralized exchanges.
Distributed Order Books

BasicSwap’s first version will focus on trading with an order book. Instead of swapping your coins into a liquidity pool (like on Uniswap, SushiSwap, or PancakeSwap), you can either place an order on the distributed order book (maker), at the price that you want, or take an order that has already been placed on there by other swappers (taker). In many ways, this makes BasicSwap more akin to the typical centralized exchanges most people are used to trading on, but with a totally decentralized and private twist.

Note that, unlike the vast majority of DEXs that offer order books, BasicSwap’s order book system is truly distributed and doesn’t introduce any form of centralization. No funny business here; BasicSwap makes it truly impossible, by design, for any third-party to have uncalled influence on the platform, and that's provably verifiable through code! The order book is powered by Particl’s own P2P network, SMSG network, which is the same network that powers Particl Marketplace.

The main benefit of having an order book system is that you can swap coins at the exact price that you want to swap them for. It also attracts more traditional market makers who may not want to provide liquidity to smart-contract based liquidity pools due to the risks of rug pulls and other theoretical exploits they carry.

But there’s more coming to BasicSwap! You can expect “quick swaps” to be deployed at some point in the future. As a matter of fact, this is already being looked into at the time of this writing! We will let you know more about it as soon (™) as we can!

True Cross-Chain Swaps

Particl’s upcoming DEXs is a true cross-chain trading exchange. Unlike other DEX, BasicSwap does not mimic cross-chain interoperability. You’ll exchange one native coin for another one without any unsafe trickery!

You can swap one coin (i.e., Bitcoin) for one from another blockchain (i.e., Monero). And no, we’re not just talking about swapping coins between different Ethereum forks here (i.e., ETH to BSC). Moreover, BasicSwap doesn’t require coins to be wrapped into tokens of another chain (often Ethereum, Binance Smart Chain, or other similar chains).
The World’s Most Private Trading Exchange

To top it off, BasicSwap is inherently private. But what does that mean?! Well, it means a few things. For one, you won’t need to create an account, send documents, verify yourself, or limit your trading activities to arbitrary maximum daily restrictions. It’s open to all, without any restriction, and without any care about who you are or where you live.

That’s already a major improvement over centralized exchanges that have become way too curious, but you can take things even further! You can indeed massively increase your level of privacy by swapping any cryptocurrency for privacy coins like Particl or Monero, or by using them as a gateway to add a layer of privacy between two "public coins" (i.e,. Bitcoin and Litecoin).

Indeed, all Monero transactions are inherently private, and BasicSwap lets you swap PART using any of its privacy states; public, blind (ConfidentialTransactions), or anon (RingCT). We’re planning on eventually enabling more private swap options through other privacy coins as well (i.e., Firo, Veil, etc).

But there is STILL more to come in regards to privacy! As we move forward and deploy the Taproot protocol on Particl, you can expect swaps of Bitcoin-style currencies to become indistinguishable from regular transactions. In other words, it will be eventually near-impossible to tell that, for example, a Bitcoin to Particl swap has occurred just by looking at their respective blockchains. That’s a major win for your financial privacy!

Indeed, enabling Taproot support is planned for a later stage of the Open Beta. That's one of the reasons why Particl's blockchain is always kept up-to-date with Bitcoin’s latest releases. It brings battle-hardened and reliable functionalities for your day-to-day financial sovereignty!

The combination of all these privacy-related features will make BasicSwap the world’s most private and unrestricted trading exchange, and that, in turn, will make you completely financially independent. Claim your sovereignty and live free...because, well, now you can!


Other Interesting Features

There are a couple of other features that you may find interesting. As BasicSwap will become an important development focus moving forward, this list is expected to grow gradually.

    True Monero support
    No account, sign up, or KYC
    Incredibly low and competitive fees
    User-friendly interface
    No third-party, intermediary, or middleman at any point
    Taproot compatible
    Lightning Network compatible (in later versions)

What About Monetization?

As BasicSwap is entirely decentralized, no single party can earn profits from swaps made on the platform. That’d be very...centralized! But rest assured, we absolutely intend on turning Particl’s upcoming DEX into the spark that will cause the Particl project to go viral. Indeed, we are strongly confident that the DEX was the missing piece all along.

Indeed, it’s likely that a very small and competitive fee will be charged for using the DEX. But instead of having a third-party collecting them, it’s the entire Particl community who will benefit from them. All fees paid for using the DEX will be either converted into PART and burned, redistributed to stakers, or used as a liquidity incentive. A combination of these three strategies is likely to be what’s going to be deployed, although we haven’t finalized the strategy just yet and are still experimenting with different approaches.

In other words, we are working towards building BasicSwap in such a way that, as more people swap coins on the platform, the more demand there will be for the PART coin, the less available supply there will be, and the more valuable your staking rewards will be. And that’s just one application out of many others on the Particl ecosystem (Particl Marketplace has a similar dynamic as well).

Keep in mind that we want BasicSwap to provide an experience that has as little friction as possible. We also want any fee charged to remain very competitive with industry standards and, obviously, legally viable.
How Does it Compare

We know we know, there are many exchanges around, both centralized and decentralized. But we’re very confident that BasicSwap stands on its own and offers something quite unique.

In the interest of making it clear how BasicSwap differentiates itself from other trading platforms, here’s a brief breakdown of the differences with some of the other solutions around.


Lots more to read in the FULL blog post: https://particl.news/introducing-particls-basicswap-dex/
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