Particl (PART) is a decentralized trading platform where transactions between participants are concluded with the use of smart contracts. To become a blockchain nodes provider, just download and install the wallet software. They don't earn here by creating new cryptocurrency units, as miners do. Instead, nodes provider uses the Particl Proof-of-Stake (PPoS) algorithm, as its mechanism. The basis for this is the proven PoS3 protocol, to which new security and stability features have been added. Thanks to the Particle CLI software library you can turn any device under Windows, macOS X, and Linux into public crypto nodes. This is especially useful when connecting IoT (Internet of Things) devices to the network. The Crypto nodes provider receives a reward on the Particl network. The amount of reward for owners of cryptocurrencies nodes was first 5% per year, then was gradually reduced to 2% per year by the software algorithm Particle. This system proved to be more viable than counting on free nodes, whose owners are working on pure enthusiasm.
How the public node system of Particl (PART) is organized?
As a public node of Particl cryptographic software, any device that has a Particl wallet with some PART coins installed on it is used. The software based on Node.js is used to create public nodes. The software for free public nodes has the ability to extend and add new services. Thanks to the interface between free blockchain nodes and Particl Core software it is possible to build complex address requests. Since the code is open source, advanced users can modify it to meet their needs. To start nodes management you need a device with at least 8 gigabytes of RAM and at least 200 gigabytes of free hard disk space. Minicomputers based on Raspberry Pi +3 or Rock64 can also be used to create crypto nodes.
Advantages of Particl (PART)
Thanks to Particl and its node system, it was possible to create a decentralized trading platform free from censorship and with minimal commission payments. Software code for working with Particl node is regularly updated, developers support and develop the project. The site ensures the confidentiality of both buyers and sellers. All payments in fiat or digital currencies are automatically converted into PART. Mutual integrity of sellers and buyers is supported by a two-way deposit system. SegWit technology is supported for all transactions. Also, Particl blockchain is compatible with Atomic Swaps technology, supports Multi-signature, and the ability to store PART cryptocurrency in hardware wallet. No issue and all PART units of 9.55 million are created initially, along with the start of the project.
Disadvantages of Particl (PART)
The popularity of the Particl cryptocurrency (PART) depends on the popularity of the eCommerce site, where PART should become the main calculation tool. Since the creation of the PART cryptocurrency in 2017, its price has fallen significantly and is not going to return to its original values. The reward for the owner of the Particl node cannot be called particularly high. Also, you can buy or sell PART not on all cryptocurrency exchanges.