PIVX

What is PIVX?

PIVX is a privacy-focused, Proof of Stake blockchain that offers users the freedom of optional privacy while sending and receiving funds. It is designed to protect users' financial information, providing both transparency and privacy based on their preferences.

• Optional Privacy: Users can choose between shielded or transparent transactions.
• Secure: Transactions are protected using Zero Knowledge Proofs.

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Recent Video Interview

Main points of the interview:

• Siggi, a former banker turned crypto enthusiast, joined PIVX due to its approachable community and privacy focus.
• Transition from Zerocoin protocol to zk-SNARKs for enhanced privacy.
• PIVX offers staking rewards around 6% and masternode rewards approximately 8%, with governance decisions.
• Exploring future innovations, including shielded NFTs and staking from shielded addresses.

SHIELD: Total Privacy When You Want It

PIVX's SHIELD feature allows for complete transaction protection, ensuring financial privacy.

• Zero Knowledge Transactions: Keeps transaction details hidden while maintaining authenticity.
• Lightning-Fast: Transactions are quick, taking just a fraction of a second to verify.
• No Preparation Time: SHIELD provides privacy instantly, with no need for setup.
• User Control: Users can selectively share transaction details using viewing keys.

Advanced Proof of Stake

PIVX's Proof of Stake system rewards users for helping secure the network. By simply holding PIVX in their wallet, users can earn rewards, contributing to the network's security.

• Low Energy Consumption: Proof of Stake can be done on regular computers, reducing energy costs.
• Fair Rewards: Every UTXO has a chance to win a stake.

Decentralized Governance

PIVX operates on a decentralized governance model, where community members can submit and vote on proposals. Masternodes play a key role in this process, ensuring fair and transparent decision-making.

• Community Treasury: Funds are allocated monthly for proposals that receive sufficient support.
• Decentralized Voting: Masternode owners vote on proposals anonymously.

Sustainable Economics

PIVX's monetary policy is designed for long-term sustainability, balancing inflation and deflation.

• Self-Funded: PIVX was launched with no ICO and is a fair-launch coin.
• Dynamic Coin Supply: Coin supply adjusts based on transaction volume, with fees burned to create a deflationary effect.

Team Background

The PIVX team comprises dedicated blockchain architects and developers, including Alessandro Rezzi, Duddino, and Fuzzbawls, who continuously push the limits to deliver innovative technologies and secure the network.

Project Development

PIVX introduced "exchange addresses" specifically designed to prevent shield transactions, ensuring smoother and more compliant deposits on Binance. This measure was implemented to meet regulatory requirements while maintaining PIVX's commitment to privacy, allowing users to transact seamlessly without compromising the platform's core values. Read more in PIVX's official update.

Projects in the Nodes Category

Check out other projects in the Nodes category:

• Divi: a lightweight cryptocurrency that simplifies financial transactions and promotes mainstream adoption.
• Enecuum: a cryptocurrency connecting devices using PoW, PoA, and PoS.
• Swarm: a DeFi platform that trades tokenized real-world assets alongside crypto.

PIVX Price Analysis

As of November 25 2024 PIVX has a marketcap of $23M. This is {{percentagefromath}} from its all time high of $13.56. In terms of its tokenomics, there's a total supply of 88M with 100% currently outstanding. Keep in mind PIVX has a fully diluted value of $23M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.