PART Specifications
Quick introduction to technical properties of Particl's native PART coin. Read our PART coin FAQ on Wiki for more details
Updated August 22, 2019Blockchain specifications
PART is a Proof-of-Stake and privacy-focused cryptocurrency based on the Bitcoin codebase. It is always maintained to its latest version for security, usability, and stability purposes.
Its blockchain is powered by multiple leading edge distributed protocols typically built for Bitcoin. This includes Segwit, atomic swaps, and the Lightning Network.
| Block time | 120 seconds 5× faster than BTC |
|---|---|
| Block size | 2 MB 2× larger than BTC |
| Consensus mechanism | Particl Proof-of-Stake with quantum-resistant cold-staking |
| Money Supply | ≈ 9.081 million PART |
| Always up-to-date BTC codebase | New changes to Bitcoin codebase are integrated to Particl regularly to keep up with latest security fixes and performance improvements |
| SegWit Segregated Witness | Native support for all transactions |
| Atomic Swaps | Supported with compatible blockchains |
| Fair distribution | No ICO, no pre-mine |
Staking
Particl’s staking protocols rewards stakers with regular dividend-like rewards in exchange for securing the network by keeping their nodes online.
Stakers can also use cold staking which rewards them with staking rewards even if their funds are stored offline in cold wallets or hardware devices. Stakers can also team up and stake using cold staking pools which are like mining pools, but for staking.
| Particl Cold Staking | Staking via dedicated devices or hardware wallets |
|---|---|
| Yearly interest rate | 3 % decreasing each year by 1% (after 2 years onwards 2% yearly) |
| Current staking reward | ≈ 0.9654 PART |
| Coin maturity | 225 confirmations approx. 8 hours |
Privacy features
PART is a next-generation privacy coin that leverages a combination of several privacy protocols (CT, RingCT, Bulletproofs, stealth addresses) as well as the Bitcoin codebase to provide unmatched privacy and flexibility.
Because these protocols run on top of the Bitcoin codebase, PART is able to be used within smart-contracts and decentralized applications, making them as private as the PART currency itself.
| Multi-state privacy | 3 optional privacy levels for transactions |
|---|---|
| Public transactions | Bitcoin-like public transactions, auditable on blockchain |
| Blind transactions AKA Confidential Transactions (CT) | Transaction parties are visible on blockchain, but the amount is hidden |
| Private transactions AKA RingCT | Both transaction parties & amounts are hidden on blockchain |
Security features
The security of the PART coin is second to none with several tools being available to increase the security of your funds.
Use hardware wallets, set up multi-signature addresses right from your mobile application, or store your funds (and even stake them) from a hardware device like the Ledger Nano S or the Trezor.
| Multi-signature wallets | Supported with Particl Copay |
|---|---|
| Ledger hardware wallet | Supported with Particl Qt |
| Trezor hardware wallet | In development Supported with Particl Qt |
| Staking from hardware wallet | Keep your coins safe and stake them at the same time |
Particl Desktop
Particl Desktop is a modern, intuitive, and user-friendly desktop application. Make untraceable payments, buy or sell products and services online using the Open Marketplace, participate in community decisions, or start staking your funds. Particl Desktop is your point-of-access into the Particl ecosystem.
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