PIVX or Private Instant Verified Transaction (X) is a transactional protection and privacy-focused decentralized open origin cryptocurrency. It implies that at its center, PIVX is devised, engineered, and emerging with the best methods and advancements to ensure your transactional security and secrecy.
It also means that individuals possess the right to interact privately and securely and share secret information, without the interference of the government and treacherous people. The transactions are completely private, safe and verified at every level.
Is PIVX a cryptocurrency?
Yes, PIVX is now one of the top 20 cryptocurrencies across the globe. It was launched on February 1st, 2016 under the name of Darknet (DNET). It uses the updated PoS 2.0 protocol and is based on Bitcoin core 0.10.X code base. It utilizes a network of master nodes for open, decentralized governance and enhanced privacy.
What are the features of PIVX?
Listed below are the features of PIVX:
#1 SwiftFX
SwiftTX transactions are accepted and executed within a matter of seconds, supported by the network of master nodes, with no waiting for duplicated confirmations to be convinced about the validity of the transaction. These transactions are also called Prompt Transactions.
#2 Code Base: PoS 3.0 Bitcoin Core 0.10X
PIVX is the first ever cryptocurrency which is stake based and is developed the version 0.10 or higher Bitcoin codebase. To leverage your staking to the best, you need to have your wallet open during all times. It results in more uniformly available nodes, establishing the network and making it effective.
#3 Master nodes
These are nodes with incentives that earn rewards based on their ability and availability to offer network services in a decentralized manner. These nodes are the backbone of the PIVX network
#4 Obfuscation
Wallet Coin mixing is done based on CoinJoin to gain an additional layer of privacy in transactions without hiding your identity. It is performed in a decentralized form promoted by the network of master nodes.
#5 Low Transaction Fee
PIVX has an astonishingly economical transaction fee that is typically a portion of a penny due to the PoS efficiency. It is highly suitable for micro-transaction business pricing models that previously used Bitcoin.
#6 Popularity on Social Sites
PIVX has a substantially big and developing active community on various social networking sites such as Slack, BCT, Reddit, Gitter, Twitter, and Facebook.
#7 Higher Profitability Percentage
PIVX has a consistently raised profitability portion compared to other cryptocurrencies using master nodes.
#8 See-Saw Reward Balance System
PIVX uses an interesting variable Seesaw Reward Balance System that automatically regulates its reward to master nodes and staking nodes.
