PIVX (Private Instant Verified Transaction) is a cryptocurrency designed with the primary goal of ensuring privacy, fast transactions, and security for users. It is one of the cryptocurrencies focused on high security, using blockchain technology to create a decentralized and transparent payment system.
Outstanding features of PIVX
Privacy: PIVX uses the Zerocoin protocol to obscure the identities of senders and receivers in transactions, helping to protect users' privacy.
Transaction speed: Compared to many other cryptocurrencies, PIVX has significantly faster transaction confirmation speeds, thanks to the Proof of Stake (PoS) consensus mechanism.
Safety: PIVX is built on the blockchain platform, a highly distributed and secure technology, helping to prevent fraud and attacks.
Staking: Users can participate in staking to earn more PIVX by contributing their assets to validate transactions on the network.
Governance: The PIVX community has the right to participate in decision-making about the development of the coin through a decentralized governance system.
What is PIVX Coin?
PIVX Coin is the native cryptocurrency of the PIVX Blockchain platform. It is used to:
Transaction: Like many other cryptocurrencies, PIVX Coin is used as a medium of exchange for buying and selling goods and services. However, the unique feature of PIVX is its focus on transaction privacy, helping to protect users' personal information.
Transaction fee: When performing transactions on the PIVX network, users need to pay a small fee in PIVX Coin to validate and record the transaction on the blockchain.
Staking: Users can participate in staking PIVX Coin to support network security and receive rewards.
Governance: PIVX uses a decentralized governance model (DAO), allowing PIVX Coin holders to participate in the community decision-making process. This ensures that the platform's development always aligns with the community's desires.
History of the PIVX platform's establishment
PIVX was initially created as a fork of Dash (formerly known as XCoin and Darkcoin) in 2016. Dash is a cryptocurrency that also emphasizes transaction speed and has several security features. However, PIVX has taken a distinctly different development path, focusing more on privacy and technological improvements.
Key milestones
2016: PIVX was forked from DASH and officially launched. Subsequently, this platform transitioned from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS).
2017: Launched mobile wallet and new features to enhance user experience.
2018: Continued development and community expansion.
2019 - present: PIVX continues to develop and update new features while expanding its partner network.
Basic information about PIVX
Name: Pivx
Trading name: PIVX
Platform: Pivx
Algorithm used: PoS + zPoS Hybrid
Transactions per second: 173 tps
Block creation time: 60s
Total supply: 88,879,430.38 PIVX
PIVX Transaction Fee
In the PIVX network, transaction fees are calculated as follows:
Regular transactions (public send): Fees are very low, usually less than 0.001 USD. This means that the fee is almost negligible compared to the transaction value.
Private transactions (anonymous send/Private Send): Fees are slightly higher than regular transactions, but still very low, less than 0.01 USD. PIVX's Private Send feature uses the CoinJoin protocol to mix transactions, helping to protect users' privacy. This incurs a little extra fee.
Current exchange rate of PIVX
Where to buy PIVX Coin?
You can buy and sell PIVX Coin on exchanges like Binance, Mexc, Gate, Bitmart, etc. Among them, Binance.com is the exchange currently having the highest 24h trading volume for PIVX, accounting for over 40%.
For those who intend to buy this coin, you should go to Binance exchange for trading. If you don't have an account on this exchange, you should register for an account immediately to start trading.
Binance registration link: https://accounts.binance.com/register?
Conclusion
PIVX has established its position as one of the leading blockchain platforms in terms of privacy. With a combination of advanced technology, scalability, and decentralized governance, PIVX promises to continue developing and providing optimal solutions for users in the cryptocurrency field. However, like any cryptocurrency project, investing in PIVX also carries risks. Users should research and assess thoroughly before making investment decisions.