Pivx

Overview of Pivx

PIVX integrates other features including a 2nd layer of functionality through a Masternode network that provides a decentralized governance mechanism of voting; and is currently developing new features for this layer which include the Deterministic Masternode Lists, Long Living Masternode Quorums (LLMQs) and more, as well as including the addition of the anonymity protocol zk-SNARKs Sapling to staking and masternodes—all of these heavily customised.

PIVX is a pioneer in Proof of Stake (PoS) technology and an MIT licensed, open source, decentralized blockchain-based cryptocurrency focused on achieving fungibility, transaction privacy, community governance, network scalability, and real-world utilization to become one of the most technically advanced globally-accepted online digital currencies.

PIVX is the first proof of stake cryptocurrency to be based on the version 0.10 or higher Bitcoin codebase, and the PoS structure utilised does away with coin age, meaning in order to get the most out of your staking you must keep your wallet open at all times, resulting in more constantly available nodes, strengthening the network.

PIVX could be considered as the perfect alternative to several other privacy-focused digital currencies which include Monero (XMR) and Zcash (ZEC) not only due to its technological superiority but also because it’s, in fact, the most robust and innovative of all privacy-preserving cryptocurrencies.

PIVX has a balanced ecosystem because 60% of coins are staked or locked in masternodes, and coin holders only suffer a small rate of inflation, which continuously decreases as the coin supply increases, since only a fixed amount of 2.34–2.6 million PIV can be minted per year.

Pivx Lite is a fork from the original Pivx coin that was forked from Dash, with the idea of creating a currency that built upon Bitcoin but that had faster confirmation time and was exponentially more secure due to start of the art security that was implemented at that time.

PIVX, a User Data Protection oriented Proof of Stake blockchain ecosystem provides you the ability to send, receive, and enjoy rewards all in a simple, secure, and protected manner thanks to SHIELD: our unique implementation of zk-SNARKs technology based Sapling Protocol.

PIVX is meant to be a payment processing system similar to Bitcoin, but more emphasis is placed on its usability, with the developers working on apps which can make It easier to use on a mobile device by a fewone who isn’t familiar with cryptocurrency.

PIVX SHIELD design also enables users to switch between transparent and private transactions on the blockchain while allowing them to choose whom to share access to their private transaction information using viewing keys.

PIVX’s core development team consists of 3 veteran blockchain developers with a combined 14+ years of active blockchain development, and each have been engineering and coding PIVX for 3 years each.

Blockchain

These robust features essentially capture the SHIELD protocol.This way, looking from a wider perspective, PIVX has taken the best privacy features available at present and implemented them on a PoS blockchain to do away with scaling issues, humongous energy consumption, and mitigate the risks associated with the possibility of a 51 percent attack associated with PoW.

Mine

These nodes are the backbone of the present and future services offer on the PIVX network, and as such are rewarded at a slightly higher level as compared to just staking when the number of them is at a predetermined level defined in the seesaw mechanism.

Network

Support

PIVX coin has a completely customized codebase of Bitcoin core 0.10.x and DASH, which is maintained by six full-time core developers, including an academic/professional cryptographer and additional support from many part-time and volunteer workers.

Transactions

It uses zk-SNARK technology-based Sapling protocol on PoS blockchain to provide complete protection for transactions conducted over the PIVX Network. By implementing SHIELD Protocol, PIVX has become the first crypto project in the world to adopt this technology.

What are the advantages of PoS over PoW?

Compared to the PoW cryptocurrencies like Bitcoin or Monero, it is far easier and less costly to participate in the network and receive rewards with PIVX.You can stake even with 1 PIV, and with PIVX's Cold Staking, you have the opportunity to keep your energy and hardware costs as low as possible.

How to buy PIVX on SimpleSwap?

Let’s say you want to buy PIVX.

How Many PIVX Coins Are In Circulation?

PIVX creates a new block every 60 seconds.Each of these blocks create 5 new PIV, and allocates 1 new PIV.What does 'allocate' mean? To understand that, the PIVX governance model needs to be understood.

Got your Pivx wallet ready?

Your personal Pivx wallet is needed if you want to store your Pivx in a secure way.If you want to buy Pivx instantly on our website, you will need a Pivx address.Feel free to check out our recommended Pivx wallets.

Dash vs PIVX: Which Should You Fork to Start Your Own Cryptocurrency?

Have you ever thought about creating a custom cryptocurrency? It isn’t as challenging as it was a few years ago.The blockchain is now closely connected with many other technologies.Many startups are designed to contain their own blockchain and be powered by their own cryptocurrency.

Ready to Get Started?

Whether you are a developer, merchant, end user, or window shopper, we welcome you to the PIVX community.

Ready to Get Started?

Whether you are a developer, merchant, end user, or window shopper, we welcome you to the PIVX community.

Have a Project?

Send Apriorit a request for proposal! We’ll get back to you with details and estimations.

What Are the Benefits of PIVX?

PIVX is more energy efficient than other Proof of Work (PoW) cryptocurrencies due to the PoS consensus mechanism.There is also a network of masternodes that maintain the PIVX blockchain.Masternodes govern the network and can vote on decisions regarding future development of the coin.There is also a self-funding treasury that releases funds for new development of the PIVX blockchain.

How can I receive PIVs as the rewards with Proof of Stake?

It is simple.Buy PIVs on the exchange, move coins to your wallet, hold, and unlock your wallet for staking.The more coins you hold in your wallet, the more likely you will get a reward.

What is PIVX?

PIVX means – Private – Instant – Verified – Transaction.PIVX is a form of digital online money using blockchain technology that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees with market leading security & privacy.

How do I buy PIVX?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including PIVX.

How to Buy PIVX?

You are not able to purchase PIVX with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for PIVX at an exchange which lists the token.

Need more help?

You can learn more in the PIVX Knowledgebase or post your questions in the PIVX Forum or Discord.

What is PIVX?

PIVX is a privacy-focused, decentralized, open source cryptocurrency run by a global community run by creators, innovators, and technology enthusiasts.

How Do I Buy PIVX?

One of the reasons you probably haven’t heard of PIVX is because it isn’t easy to buy.In fact, currently it can only be purchased on markets such as Binance using Bitcoin.Yes, you read that right, you currently cannot buy PIVX with USD.But thanks to Coinbase and other apps which allow Bitcoin purchases with USD, you can easily use an app to convert your USD to Bitcoin then transfer your Bitcoin to an exchange where you can purchase PIVX with it.Note that you will need a PIVX specific wallet in order to hold the coin.It can easily be downloaded from the PIVX website.

What’s New?

Thank you,
@crcdistribution
, for your investment in the Alliance and the City of Robertsdale!…
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What do you think about the PIVX today?

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What Is the Roadmap for PIVX?

The development team is busy implementing the Zerocoin protocol into deterministic wallets for PIVX.This protocol is dubbed zPIV.A great and unique feature of zPIV is that your wallet balance can be masked.This is great for security and for deterring potential hackers from stealing your funds.It is also a completely unique feature to only PIVX.

What Does the Team Look LIke?

Since the PIVX coin is a privacy cryptocurrency, a lot of the contributors like to keep their identities hidden.Very few of the actual team members are listed on the website.Anyone that is a trusted member of the PIVX community and is active contributor to the project can asked to be listed on their website by reaching out on the official DIscord channel.

Where is PIVX Now and What’s in the Pipeline?

As mentioned earlier, PIVX was a top 10 cryptocurrency by market cap in 2017 courtesy of it being an innovator in the blockchain industry.At the time, PIVX was a bigger cryptocurrency than Zcash, a project that has a market cap of $2 billion today.

What Is PIVX?

Well you’re probably wondering, just what is PIVX.In short, it’s a privacy coin most closely related to Monero or ZCash.The acronym PIVX stands for Private Instant Verified Transaction and it was invented as a fork from the DASH altcoin.It is built on a proof of stake consensus, and prides itself on its community governance.

Where can I get PIVX wallet?

PIVX produces its own wallet software that is available for download on its website, which allows you to store PIVX on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

How does the staking work?

Whenever an user has at least 1 PIV in their fully synchronized PIVX core wallet, that node then is permitted to participate in the network with its corresponding amount of stake.PIVX uses an advanced Proof of Stake algorithm, which effectively secures the network against malicious actors.This allows PIVX owners to receive block rewards just by helping to secure the network.Anyone who owns PIV can stake and receive rewards.

Why The Revival?

So, why has PIVX just appeared back on the radar now? Well, whenever Bitcoin makes a run for the moon (as it is currently doing) it always boosts up altcoins with it.This is because people will often stumble across them and find them cheaper than Bitcoin.Therefore, it can be assumed that part of the coins current revival is because of the popularity of Bitcoin.

What are the disadvantages of PIVX?

The project began its way from PoW mining, but in August 2016, it switched to PoS.Now PIVX works on the Blackcoin cryptocurrency PoS 3.0 protocol and is based on the Bitcoin Core 0.10.x code base.PIVX uses a two-tier architecture with master nodes for decentralized management and improved anonymity.

Why Does PIVX Have An Unlimited Coin Supply?

Unlike Bitcoin which has a maximum coin supply of 21 million Bitcoin, PIVX does not have this limit.The reasoning behind this is that while Bitcoin is more of a digital asset, PIVX acts like a digital currency.The supply of any currency should increase and be subject to inflation.This is called quantitative easing in the central banking world.

What is SwiftTX?

PIVX’s SwiftTX is near instant transaction times where transactions are confirmed within seconds.This is accomplished through the network of masternodes and transactions do not need multiple confirmations like Bitcoin before it is spendable.

What hashing algorithm does PIVX use?

PIVX is a proof of work (PoW) and proof of stake (PoS) coin that uses the Quark algorithm.

How do I mine PIVX?

PIVX can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a PIVX and access to a mining pool that pools your effort with other miners and a wallet to store the PIVX that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What is PIVX?

What is PIVX?PIVX, or Privacy Instant Verified Transaction (PIVX), is a decentralized, open-source cryptocurrency.It is based on the principle of anonymity of users.PIVX cryptocurrency is a fork of DASH cryptocurrency that uses only the best aspects of DASH and Bitcoin.The work of the PIVX cryptocurrency is currently based on the Proof of Stake protocol, but for the first half year the Proof of Work protocol was used.

What is a Deterministic PIVX Wallet?

A deterministic wallet is a wallet that can easily be restored or backup using a backup phrase.This is usually a long list of words.The user does not need to know the private key to restore the wallet.Since the zPIV protocol works with zero knowledge proofs there is no link between the sender and receiver.Sending PIVX using the zPIV protocol is 100% anonymous and untraceable.This is good news as users will not have to keep backups every time they mint new private PIVX coins.This will include future and past backups of any private PIVX minted.In addition to the wallet features they also plan to introduce staking of zPIV called zProof-of-stake (zPOS).

What is Staking?

Staking is the process of locking your coins for any time period set by you in order to help the network achieve consensus of proof of stake by validating every transaction that occurs on the network to be written permanently to the blockchain.In return stakers that mint the next block are rewarded a block reward.

Is zPIV A Different Coin to PIVX?

No, zPIV and PIVX are the same cryptocurrency.The zPIV protocol pools the private transactions on pIVX using zero-knowledge proofs.

What do investment analysts think about PIVX?

Weiss Research, an investment research firm that rates cryptocurrencies, has given PIVX an overall rating of “C”, a technology and adoption rating of “C-“, and a market performance rating of “C+”.

What is the value of PIVX?

One PIVX (PIVX) is currently worth $1.65 on major cryptocurrency exchanges.You can also exchange one PIVX for 0.00003098 bitcoin(s) on major exchanges.The value (or market capitalization) of all available PIVX in U.S.dollars is $107.59 million.

What is a PIVX Masternode?

A PIVX Masternode needs 10 000 PIVX to be locked in a wallet on the server as collateral.Masternodes earn rewards for offering services to the PIVX network.The nature of the masternodes concept is that they must be fully decentralized and trustless.The rewards to masternode holders are slightly higher returns than to wallet holder who stake PIVX for rewards.These rewards are variable and are determined by a see-saw algorithm.

How Does PIVX Work?

PIVX is in fact a decentralized autonomous organization (DAO) which is self-funded and community driven.PIVX is intended to be a “third generation” privacy coin and uses a modified version of Dash’s masternode architecture and Zcoin’s Zerocoin privacy protocol (which was originally designed for Bitcoin).

What is a Proof of Stake?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain.In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake.It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero.They use more energy than a small country to power their blockchain.PIVX uses far less energy than Bitcoin or Monero.

Need more help?

You can learn more in the PIVX Knowledgebase or post your questions in the PIVX Forum or Discord.

What is The See-saw algorithm?

This custom algorithm is a clever response to networks that become too masternode heavy.This leads to issues related to governance.With DASH masternode owners have voting rights and greater control over the network.The more masternodes someone has the more influence they have over decisions.This makes influence more centralized and that access to owning a masternode is only accessible to a select few.The see-saw algorithm of PIVX checks the amount of masternodes in comparison to the amount of PIVX staked at the same moment.If the amount of masternodes is too many then the algorithm adjusts the rewards that are released to masternode owners.They will earn less rewards.This is to incentivize masternode owners to rather stake coins and give up voting rights.In this sense there is a greater decentralization of voting rights and a greater distribution of PIVX holders.Unlike most cryptocurrencies, the supply of PIVX is unlimited.

What Features Make PIVX Different From DASH?

Instead of being built on a PoW algorithm like DASH, where miners have to spend computer resources to verify the blockchain, the PIVX algorithms relies on PoS.PIVX is also completely different to other privacy coins like Monero (XMR) and ZCash (ZEC) in that it doesn’t require mining to generate new coins but holders earn a stake or reward for simply holding PIVX in a wallet.Proof of Stake is a method of distributed consensus.Holders of PIVX are rewarded for having the coins in their wallet.Another great feature of PIVX is the see-saw algorithm and Instant Transactions using SwiftTX.

What is the Reddit page for PIVX?

The official Reddit community (subreddit) for PIVX is r/pivx.

PIVX on the Decline?

PIVX is notable for being one of the few privacy coins that relies on a proof-of-stake consensus mechanism.

What is the SHIELD Protocol?

SHIELD Protocol is a financial data protection protocol implemented by PIVX.It uses zk-SNARK technology-based Sapling protocol on PoS blockchain to provide complete protection for transactions conducted over the PIVX Network. By implementing SHIELD Protocol, PIVX has become the first crypto project in the world to adopt this technology.In addition to enhanced privacy through zero-knowledge transactions, the SHIELD Protocol also optimizes transaction data on the blockchain by generating lightweight proofs.

What Is PIVX (PIVX)?

Protected Instant Verified Transaction (or eXchange) (PIVX), launched January 30th, 2016, is a decentralized, MIT licensed open-source, fair-launch blockchain/cryptocurrency project managed, developed, governed, and stewarded by a community driven decentralized autonomous organization (DAO).It has been designed, engineered, and tested using advanced cryptography protocols to provide, first and foremost, user Financial Data Protection.PIVX is Financial Data Protection.

What are the advantages of PIVX?

Being the anonymity is one of the “chips” of PIVX, its creators do not reveal their names.The cryptocurrency entered the market on February 1, 2016, with the name Darknet (DNET), but was soon renamed PIVX (Private Instant Verified Transaction).

What is zPOS?

Similar to staking normal PIVX coins, holders can also stake zPIV coins.The advantage of this is that they will be able to earn higher rewards.A new block reward system is proposed that will see zPIV holders earn 50% greater rewards than holding normal PIVX coins.To earn rewards, users must keep their wallets open 24/7.This creates a bigger network of nodes that are instantly available.

What coins are similar to PIVX?

The following coins use the same hashing algorithm (Quark) as PIVX: LockTrip, Vitae, Dimecoin, BillionHappiness, MonetaryUnit, Rapids, PEPS Coin, Nyerium, Herbalist Token, Carebit, Gossip Coin, Dystem, Social Send, Dequant and Anime Token.

What is PIVX?

PIVX is a cutting edge User Data Protection oriented blockchain project and cryptocurrency.Launched in January 2016, it has delivered unparalleled transaction privacy and obfuscation algorithms deployed on a Proof of Stake blockchain, which allows users of PIVX to fully protect their sensitive data including personally identifiable data as well as financial data from floating around freely on the web.This protection comes through PIVX SHIELD, which is a highly customized anonymity protocol based on zk-SNARKs Sapling.PIVX is also an open-source and decentralized autonomously organized (DAO) project featuring community governance mechanisms and multi-purpose masternodes.Click here for Masternode stats from masternodes.online.

What Makes PIVX Unique?

PIVX is a decentralized autonomous organization (DAO) that is self-funded and community-driven.

Where did PIVX come from?

When creating the coin, the developers chose the blockchain-community service as their main goal.The priority is fair and transparent management of the system by its participants.

History of Pivx

In 2017, PIVX used Zerocoin protocol, anonymous coins called zPIV (zerocoin PIV), Zerocoin proof-of-stake, SwiftTx, and SeeSaw algorithm.