Hard Fork: With Activation of RingCT and Bulletproofs, this company joins the ‘Big Guns’ Among Privacy Coins

Update Enables Completely Untraceable & Unlinkable Cryptocurrency Transactions at Low Cost and Precedes Upcoming Particl Open Marketplace Mainnet Launch
08 August 2019   1130

New York, USA, July, 22, 2019 — On the day of its second anniversary (July 17), Particl, the privacy-focused cryptocurrency platform and decentralized marketplace, has successfully hard forked. With the activation of RingCT and Bulletproofs, Particl’s already rigorous privacy protocol has been strengthened even further, giving users the ability to send completely untraceable currency transactions at a fairly low cost.

Originally made popular by the open-source cryptocurrency Monero, the RingCT privacy protocol fully anonymizes the transacting amounts and participants of any transaction made using the protocol and makes financial data mining ineffective. RingCT provides very strong privacy and plausible deniability that is supported by cryptography.

Unlike Monero and other RingCT-based cryptocurrencies, however, Particl’s implementation is compatible with the Bitcoin codebase, which is much more flexible and programmable than the more rigid Cryptonote codebase. As a result, Particl is enabling the RingCT protocol to reach its full potential, not only making currency transactions untraceable, but also bringing RingCT's strong privacy capabilities to decentralized applications and atomic swaps, as well as the Lightning Network, which is now running on Particl’s testnet.

The other item making its way onto Particl's mainnet, Bulletproofs, is a new generation of range proofs that makes transactions less costly to send. Also referred to as non-interactive zero-knowledge short proofs, Bulletproofs offer a groundbreaking improvement over regular range proofs, reducing their size by approximately 70%. This in turn reduces transaction fees and the space they take on the blockchain by the same ratio.

Paul Schmitzer, the Head of Marketing for Particl, said: “This release sets the stage for our upcoming mainnet release of the Particl Open Marketplace. We really look forward to bringing this completely decentralized and near-zero cost marketplace to the world so that anyone can buy and sell products and services for cryptocurrencies while keeping their shopping habits, financial data, and sales data private.”

 

About Particl

Particl is a trustless and privacy-focused ecosystem based on P2P/blockchain technologies. It is composed of three main components: a privacy coin capable of untraceable/unlinkable transactions, a forthcoming private, decentralized online marketplace where anyone can buy and sell goods and services for cryptocurrencies without leaving a trace, and a platform on which various applications can be integrated and interacted with. Particl, incorporated in July, 2017 in Zug, is funded by The Particl Foundation, a non-profit Swiss organization serving the Particl ecosystem.

 

Website: https://particl.io/

About Particl: https://particl.wiki/platform

Telegram: https://t.me/particlproject

LinkedIn: https://www.linkedin.com/company/particl/about/

GitHub: https://github.com/particl/

 

70 Crypto Hedge Funds to Close in 2019

At the same time, the number of funds opened this year is not even half of the values of the past two years
05 December 2019   57

About 70 cryptocurrency hedge funds focused on pension funds, family offices and other large investors closed this year. It is reported by Bloomberg.

The diagram below shows that the largest number of such funds were launched in 2017 and 2018 (291 and 284, respectively):

Crypto Fund Launches by Year Plummet
Crypto Fund Launches by Year Plummet

At the same time, the number of funds opened this year is not even half of the indicators of the past two years.

Most funds this year appeared in North America (28) and Europe (23). Asian countries and other regions are significantly behind in this regard.

2019 Crypto Fund Closures by Region
2019 Crypto Fund Closures by Region

The market is definitely retail driven and will remain so for the foreseeable future.
 

Nic Carter

Co-founder, Coin Metrics.

Blockchain Capital's general partner Spencer Bogart has a different perspective. In his opinion, the institutionalization of the market continues.

Taking a step back, I think some would argue that the levels of institutional adoption are disappointing or underwhelming but, of course, this view depends entirely on expectations. To me, the fact that there is any institutional adoption for Bitcoin only 10 years into existence is a radical success and beyond what anyone could have imagined just 3 or 4 years ago.
 

Spencer Bogart

General partner, Blockchain Capital LLC