PIVXPIVX (PIVX) Price

1. Project introduction

Private Instant Verified Transaction (PIVX) is a transaction mechanism that ensures security and instant verification, using encrypted currency, an open cryptocurrency, which stands for instant verification.

Private Instant Verified Transaction (PIVX), launched January 30th, 2016, is a decentralized, open-source, fair-launch blockchain/cryptocurrency project managed, developed, governed, and stewarded by a community-driven decentralized autonomous organization (DAO). It is a Proof-of-Stake (PoS) protocol using its custom-developed PoS consensus engine with a native cryptocurrency, denominated as “PIVX”.

PIVX integrates other features including a 2nd layer of functionality through a Masternode network that provides a decentralized governance mechanism of voting; and is currently developing new features for this layer such as the Deterministic Masternode Lists, Long Living Masternode Quorums (LLMQs) and more, as well as including the addition of the anonymity protocol zk-SNARKs Sapling to all transactions and staking—all of these heavily customized. All the PIVX supply occurs as a direct result of a static/fixed block emission rate plus any monthly budget allocation payouts. PIVX also has a dynamically calibrated coin-supply restrained by the burning of transaction fees. PIVX is an independent, application and payment agnostic blockchain.

2. Team introduction

Lead developer: Fuzzbawls

Github:https://github.com/Fuzzbawls

3. Application

Total supply: 70,213,190

PIVX uses its native cryptocurrency (PIVX) as both a means of rights-preserving, privacy enabling, near instant digital currency exchange as well as the reward for those who help secure, build, decentralize, and govern the PIVX network protocol. PIVX is purchased and/or obtained to be held or staked (hot or cold) or locked in masternodes by individuals who want to participate in the network.