Introduction
Protected Instant Verified Transaction, or PIVX, is a decentralized and open-source privacy coin seeking to provide a secure medium for all financial transactions. PIVX is uniquely developed by the decentralized anonymous organization that is driven by the community of its users and seeks to avoid influence from national and international public organizations. Officially being released in 2016, PIVX has a current market capitalization of $12.5 million USD and is a relatively smaller privacy coin in comparison to the aforementioned coins.
Key Features
- PoS mechanism
- zk-SNARKs
- Shielded or transparent transactions
- Two tier system
- Staking tier
- Masternode tier
Wallets & Exchanges
- Desktop wallet
- Mobile wallet
- Third party wallets
Comparison to Bitcoin
- PIVX has no mining rewards, just staking rewards. Bitcoin gives miners 100% of block rewards
- Transaction fees are burned after every transaction while Bitcoin rewards miner with transaction fees
- Masternode governance system with a decentralized voting system
Future Plans
- SHIELD staking
- Staking pool operators
- Multi-signature sporks
