About PIVX
PIVX-(PiVX):, which stands for Private Instant Verified Transaction is an MIT licensed anonymity-based, community-governed fork of DASH. It is a Proof of Stake cryptocurrency with Zerocoin protocol implementation. PIVX has 2-tier currency: a regular coin for ordinary transactions, and an anonymous zPIV (which can be staked) for private transactions. Similar to Dash, PIVX supports quick and private transactions, along with masternodes. The decentralized network of masternodes facilitates treasury management and community governance.
PIVX: Private – Instant – Verified – Transaction(Tx): This is an MIT licensed, open source, decentralized blockchain-based cryptocurrency focused on achieving fungibility, transaction privacy, community governance, network salability, and real-world utilization to become one of the most technically advanced globally-accepted online digital currency. NOTE: New Privacy Protocol is in development.
BTC
What is PIVX?
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.
Launch Date: January 31st, 2016
Block Time: 60 seconds
Block Size: 2mb
Total Coin Supply To Date: 55 million
Circulating Supply: < 30 million. This is due to masternode collateral (10,000 PIV per masternode) being locked in escrow as well as any staking wallets holding PIV off exchanges.
The PIVX Transaction Fee: < $0.001 (for Normal sends), < $0.01 (for Private sends)
PIVX DETAILS
PIVX is a multifaceted community-eccentric endeavor in the blockchain tech and cryptocurrency realms. What we mean by that is this: There are many components of what and who PIVX is and why PIVX was manifested.
PIVX is the fastest and lowest cost privacy-focused digital currency, using a Proof of Stake (PoS) consensus system algorithm allowing all owners of PIVX to participate in earning block rewards while securing the network with full node wallets.
Designed to be used as a viable currency that preserves individuals privacy and security.
The PIVX is the most sustainable supply model, is not susceptible to 51% attacks, is already globally distributed without centralization of select few coins.
Our PIVX is supported by thousands of passionate individuals in a adamant Decentralized Autonomous Organization (DAO) that is already being accepted and used by merchants (online and physical locations) around the world, because of security and heightened privacy.
In support of this global reach, PIVX is the first cryptocurrency project to translate it’s website and materials into over 30+ native languages, providing unparalleled access to information about cryptocurrency and PIVX in individuals most familiar language.
PIVX is the first proof of stake coin with the zerocoin protocol (called zPIV) and zerocoin staking (named zPOS); a completely new Proof of Stake algorithm providing unparalleled privacy, speed of transactions, and low transaction costs.
Our PIVX employs a second-tier decentralized network of masternodes providing additional services such as community voting governance, self-funded treasury system and instant transactions.
It’s easy to implement and setup a PIVX wallet, be it desktop, mobile, raspberry Pi, etc, allowing for simple merchant adoption.
Additionally, PIVX has one of the most stable designed economic models in cryptocurrency. PIVX has implemented a Dynamic Supply System governing its coin supply; block rewards are static and inflation is reduced whenever a transaction is included in a block by burning transaction & zerocoin fees. At a certain threshold combination of transactions per minute, PIVX will become deflationary.
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