$PIVX PIVX Coin, also known as PIVX, is an open-source cryptocurrency focused on privacy, decentralization, and operated by a global community. Here are some key pieces of information about PIVX Coin:
• Project Background:
• The concept of PIVX Coin was conceived in 2015, aiming to address the challenges that hinder the widespread adoption of blockchain technology, integrating multiple features to provide a data-protective and privacy-oriented cryptocurrency.
• PIVX was launched on February 1, 2016, under the name Darknet (DNET), later renamed to PIVX to reflect its community philosophy and ideals.
• Technical Features:
• PIVX is based on Bitcoin Core 0.10.x and DASH technology, utilizing the Proof of Stake (PoS) 3.0 protocol to ensure network security, and features an innovative variable reward mechanism to dynamically balance block rewards between masternodes and stake nodes.
• PIVX offers users the flexibility to choose whether to keep their transaction information private through its custom zk-SNARKS-based SHIELD protocol.
• Monetary Policy:
• The monetary policy of PIVX aims to achieve long-term sustainable balance, supporting a scalable, decentralized, and resilient node infrastructure for instant private transactions.
• PIVX has a fixed issuance rate of 10 PIV per block (split between stakers and masternodes), with transaction fees deducted from the supply, creating a deflationary effect.
• PIVX's annual inflation rate is approximately 12.68%, which will effectively decay to 0%.
• Market Performance:
• According to data from 2024, PIVX's market price is 0.2377, with a 24-hour trading volume of 12,808,327, a circulating supply of 87,979,018 PIVX, a maximum supply of 87,981,037 PIVX, and a market capitalization of 20,858,536.
• Community Governance:
• PIVX emphasizes community governance, with 10% of the remaining budget proposals allocated to support community development.
• Privacy Protection:
• PIVX provides the SHIELD protocol, allowing users to choose whether to keep transaction data confidential, effectively addressing the challenges to financial privacy in the digital age.
• Trading Platforms:
• PIVX is listed on multiple trading platforms, including Bithumb, Binance, Bittrex, KuCoin, CoinEx, and more.
PIVX Coin is known for its privacy protection features, community governance, and technological innovations, aiming to provide a secure, private, and decentralized digital currency solution.