[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"0b036d33-75b5-4f76-8a74-d81ef479d212","updated_at":"2023-08-15T02:03:10.757382+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Step into the world of PIVX (Private Instant Verified Transaction), the privacy-focused cryptocurrency born from DASH roots in 2016. Operating on a Proof-of-Stake model, PIVX introduces a novel approach to secure and private digital exchanges. This article delves into PIVX's journey, exploring its foundational features, including the innovative Masternode structure, privacy technologies like zPIV and PrivateSend, and its integration of the I2P network and Dandelion Protocol. Discover how PIVX pioneers a realm where user privacy and transaction efficiency thrive.","sapo":"Unveiling PIVX: Redefining Cryptocurrency Transactions with Privacy and Efficiency. Delve into the realm of PIVX (Private Instant Verified Transaction), uncovers PIVX's journey, spotlighting its unique attributes like Masternodes, zPIV, PrivateSend, and integration with I2P and the Dandelion Protocol. Witness how PIVX revolutionizes digital transactions, making privacy and security paramount.","title":"The Complete Guide to Cryptocurrencies: PIVX","content":"

PIVX is a privacy-focused cryptocurrency, born in 2016 from the expertise of former DASH community members. Operating on the Proof-of-Stake model, PIVX redefines secure digital exchanges with its commitment to user privacy and seamless transactions.

What is PIVX (PIV) ?

PIVX, short for Private Instant Verified Transaction, is a privacy-focused cryptocurrency that operates on the Proof-of-Stake model and has roots in DASH. Launched in 2016, it was founded by former DASH community members, including James Burden (s3v3nh4cks), who brought years of experience to the project.

Originally known as Darknet (DNET), PIVX shifted from Proof of Work to Proof of Stake, aligning with Bitcoin's approach. Its core aim is to provide an efficient, private, and secure digital exchange platform for everyday use.

The development team prioritizes user-friendliness, privacy, and security. 2016 saw major security enhancements with the introduction of Masternodes, improving transaction speed, coin mixing, and budget management.

PIVX stands out with features like transaction privacy through Obfuscation, rapid transactions via SwiftTX, and a balanced See-Saw Rewards Mechanism that allocates 90% of rewards to Masternodes and 10% to staking nodes, boosting network security and liquidity.

This mechanism secures 60% of the total coin supply, reinforcing the PIVX network's stability and efficiency.

PIVX - Private Instant Verified Transaction

How does PIVX work?

Proof of Stake (PoS) Consensus: PIVX operates on a PoS mechanism, where users participate in transaction validation and block creation based on the number of PIVX coins they hold and "stake" in the network.
Masternodes for Enhanced Features: PIVX employs a tiered network structure with masternodes. These nodes facilitate advanced features like InstantX and PrivateSend. InstantX enables near-instant transaction confirmations, while PrivateSend ensures privacy by mixing coins, making it difficult to trace transaction origins.
zPIV and Zerocoin Protocol: PIVX introduced zPIV, a privacy-oriented version of PIVX. zPIV uses the Zerocoin protocol, allowing users to convert their standard PIVX coins into zPIV, enabling completely private transactions without linking them to their history.
I2P Integration for Privacy: PIVX integrates the Invisible Internet Project (I2P) network, enhancing privacy for participants in transactions. I2P obscures both the sender and receiver identities, contributing to a higher level of anonymity.
Dandelion Protocol for Security: PIVX incorporates the Dandelion Protocol, which adds an extra layer of security to transactions. This protocol initially conceals the origin of transactions before broadcasting them, reducing the likelihood of tracking the transaction source.

In essence, PIVX's combination of PoS consensus, masternodes, privacy-focused technologies such as zPIV and PrivateSend, integration with I2P for enhanced privacy, and the utilization of the Dandelion Protocol for security collectively create a comprehensive ecosystem that prioritizes privacy, security, and efficiency in its operations.

How many PIVX coins are there?

The current circulating supply is 75,495,870.735 PIVX.

How much is PIVX coin?

As of August 15th, the cost stands at $0.1956 per PIVX.

PIVX's price

Figure 01. PIVX's price. Source: BitScreener

Is PIVX listed on Binance?

PIVX has been listed and available for trading since January 23rd, 2018. Binance provides a variety of choices, allowing you to conveniently purchase PIVX with the utmost security and minimal fees, wherever Binance operates.

Is PIVX coin a good investment?

PIVX gained significant attention in the crypto space recently, making it a noteworthy coin. Considering this, it's reasonable to consider PIVX as a promising investment choice.

What is the PIVX price forecast?

The extended forecast for PIVX entails a forward-looking assessment of its future price potential. This forecast encompasses a range of factors that could impact the cryptocurrency market, encompassing technological progress, rates of adoption, regulatory shifts, and the broader market mood.

PIVX future price prediction

Figure 02. PIVX future price prediction

Conclusion

PIVX sets a new standard for secure cryptocurrency transactions by seamlessly integrating privacy-focused technologies with a user-friendly approach. As the digital landscape evolves, PIVX demonstrates the potential for privacy-conscious innovation in the world of cryptocurrencies.

","tags":[{"tag":{"tag":"cryptocurrency","id_tag":"cryptocurrency"}},{"tag":{"tag":"PIVX","id_tag":"pivx"}}],"image":{"fileName":"PIVX (1).png"}}]

The Complete Guide to Cryptocurrencies: PIVX

Related topics