More information about PIVX
About
PIVX: Private – Instant – Verified – Transaction(Tx) is an MIT licensed, open source, blockchain-based cryptocurrency with ultra fast transactions, low fees, high network decentralization, and Zero Knowledge cryptography proofs for industry-leading transaction anonymity.
PIVX is the first cryptocurrency to implement a directly spendable Zerocoin protocol and has also developed and implemented an industry-first Zerocoin-capable Proof of Stake consensus algorithm, called zPoS, that allows complete privacy of the balance and transactions while staking.
PIVX also utilizes a decentralized network of masternodes that allow feature services, treasury management, and community governance.
PIVX project is focused on advancing its privacy technology to ensure fungibility, improving network scalability, and increasing real-world utilization to become a globally-accepted decentralized online digital currency.
The Next Revolution of Electronic Cash
Private
PIVX implemented an advanced version of the “Zerocoin Protocol”, that gives PIVX users the option of making completely anonymous transactions. Zerocoin for mobile is coming soon also!
Fast
In the Bitcoin network, transactions require 10 minutes for confirmation! For a business, this is unacceptable. PIVX transactions, on the other hand, are confirmed within 60 seconds and are most often instant.
Low Fee
Currently, the fee to send a $25 Bitcoin transaction, e.g. to pay for a decent meal, is $0.42. The same transaction, paid with PIVX, would cost less than $0.01. i.e. It’d almost be free!
Ownership Reward
We have 3 different types of reward given out to the owners of PIVX. Masternodes, PIV staking and zPIV staking. Due to our large network size, our reward return rate is very consistent and highly reliable.
Secure Network
Performing a 51% attack on PIVX, a highly decentralized Proof-of-Stake network with no possibility of highly concentrated mining pools or delegated nodes, is next to impossible.
Decentralized Team
We are a globally distributed decentralized organization with no central ruling company. No headquarters, CEOs, or CFOs. It is maintained by the community.
Energy Efficient
PIVX is eco-friendly as it does not require any traditional computationally demanding miners to run its network. It’s our estimate that the energy needed to run our entire network can be provided by a single wind turbine!
Community Based
The heart of PIVX is our community. We spend a great amount of time supporting, equipping, and inspiring all, helping each community member to bring their best to the table. Anyone can help out the PIVX project!
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.
- PIVX Transaction Fee: < $0.001 (for Normal sends), < $0.01 (for Private sends)
PIVX DETAILS
PIVX is a multifaceted community-centric 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, PIVX has the most sustainable supply model, is not susceptible to 51% attacks, is already globally distributed without centralization of coins to select few, is supported by thousands of passionate individuals in a Decentralized Autonomous Organization (DAO), and is already being accepted and used by merchants (online and physical locations) around the world.
In support of our global reach, PIVX was 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.
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.
PIVX is the first cryptocurrency to implement a directly spendable Zerocoin protocol and has also developed and implemented an industry-first Zerocoin-capable Proof of Stake consensus algorithm, called zPoS, that allows complete privacy of the balance and transactions while staking.
PIVX also utilizes a decentralized network of masternodes that allow feature services, treasury management, and community governance.
PIVX project is focused on advancing its privacy technology to ensure fungibility, improving network scalability, and increasing real-world utilization to become a globally-accepted decentralized online digital currency.
The Next Revolution of Electronic Cash
Private
PIVX implemented an advanced version of the “Zerocoin Protocol”, that gives PIVX users the option of making completely anonymous transactions. Zerocoin for mobile is coming soon also!
Fast
In the Bitcoin network, transactions require 10 minutes for confirmation! For a business, this is unacceptable. PIVX transactions, on the other hand, are confirmed within 60 seconds and are most often instant.
Low Fee
Currently, the fee to send a $25 Bitcoin transaction, e.g. to pay for a decent meal, is $0.42. The same transaction, paid with PIVX, would cost less than $0.01. i.e. It’d almost be free!
Ownership Reward
We have 3 different types of reward given out to the owners of PIVX. Masternodes, PIV staking and zPIV staking. Due to our large network size, our reward return rate is very consistent and highly reliable.
Secure Network
Performing a 51% attack on PIVX, a highly decentralized Proof-of-Stake network with no possibility of highly concentrated mining pools or delegated nodes, is next to impossible.
Decentralized Team
We are a globally distributed decentralized organization with no central ruling company. No headquarters, CEOs, or CFOs. It is maintained by the community.
Energy Efficient
PIVX is eco-friendly as it does not require any traditional computationally demanding miners to run its network. It’s our estimate that the energy needed to run our entire network can be provided by a single wind turbine!
Community Based
The heart of PIVX is our community. We spend a great amount of time supporting, equipping, and inspiring all, helping each community member to bring their best to the table. Anyone can help out the PIVX project!
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.
- PIVX Transaction Fee: < $0.001 (for Normal sends), < $0.01 (for Private sends)
PIVX DETAILS
PIVX is a multifaceted community-centric 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, PIVX has the most sustainable supply model, is not susceptible to 51% attacks, is already globally distributed without centralization of coins to select few, is supported by thousands of passionate individuals in a Decentralized Autonomous Organization (DAO), and is already being accepted and used by merchants (online and physical locations) around the world.
In support of our global reach, PIVX was 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.
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.
https://pivx.org
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