Particl Whitepaper

Abstract

Abstract— The online services we use are increasingly demanding
more of our personal data, a disturbing trend that
threatens the privacy of users on a global scale. Entities such as
Google, Facebook and Yahoo have grown into colossal, seemingly
unaccountable corporations by monetizing their users’
personal data. These entities are charged with keeping said
data secure and, in the case of social and economic interactions,
safeguarding the privacy of their users. Centralized security
models are not applicable to the new generation of technologies
such as Bitcoin. This paper discusses a system which combines
a Bitmessage-style network with anonymous payment schemes
to create a privacy-centric marketplace. Furthermore we apply
a multi-signature escrow technique involving insurance deposits
should which deter fraudulent actors from participating in
trades, given that their incentive is to make a profit

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Particl Whitepaper

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