Private Instant Verified Transaction (PIVX)

in #cryptocurrency7 years ago (edited)

PIVX is a privacy focused cryptocurrency, currently in the PoS stage.

PIVX uses the updated PoS 2.0 protocol and is based on Bitcoin core 0.10.x code base. It uses a network of masternodes for transparent decentralized governance and increased privacy.

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PIVX, is a privacy-focused, decentralized, open source cryptocurrency run by a global community run by creators, innovators, and technology enthusiasts.

Already extremely secure and private, PIVX is aiming it’s sights on establishing the first truly anonymous crypto-currency. Soon, we will be using Zerocoin Protocol as our Full-time Transaction Protocol.

REWARD SYSTEM
All blockchain communities that are decentralized have some sort of rewards system for people who help secure their network. In some systems like Bitcoin, these rewards are given to ‘Miners’, a select subgroup of people who secure the Bitcoin network. In PIVX, anyone who has PIV can help secure the network and is able to receive rewards for their efforts!
As of today there are three distinct groups who all help out PIVX in different ways and are all receiving rewards for those efforts.

DASH vs PIVX

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Source : pivx.org

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