Pivx
PIVX
Private Instant Verified Transaction
Top Markets
Summary
Key Metrics
24h Volume
The aggregate trading volume for PIVX on Bittrex over the past 24hrs, in USD.
Circulating Supply
Amount of PIVX that is currently available to the public and in circulation.
Market Cap
The Marketcap is calculated using the last price on Bittrex and liquid supply sourced from Messari.io
Key Info
Sector
Currencies
Category
Payments
Token Type
Native
Token Usage
Payments, Vote
Consensus Algorithm
Proof-of-Stake
On-Chain Governance Type
Delegative on-chain vote
overview

PIVX aims to build a digital value transfer network that prioritizes transaction data security and user privacy while minimizing transaction times and fees. PIVX originally launched on January 31, 2016 as Darknet (DNET) and later rebranded to its current name after significant development and community involvement.

PIVX’s founders are keen on DASH’s general architecture but decided to implement a proof-of-stake network, which they believe offers a fairer reward system with a see-saw mechanism to auto-balance reward payouts. PIVX sees privacy as a critical component of a daily means of exchange and set out to combine the “digital cash” ethos of DASH with more advanced privacy and anonymity.

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technology

PIVX employs a custom version of the Zerocoin protocol based on the commonly used libzerocoin technology that obfuscate sending and receiving addresses for added privacy. Unlike Dash and Zcash, on-chain PIVX transactions can be completely anonymous. Users need only to convert their standard PIVX tokens into “zPIV” tokens and can then send them to any PIVX address.

New blocks are added to the PIVX chain every 60 seconds, on average. A small percentage of each block reward goes to PIVX’s self-governance budget. Reward remainders are split between a master node and the staked network participant. Proof-of-stake blockchains like PIVX require participants to stake a portion of their tokens before contributing to the network as a transaction propagator and validator.

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