ADSactly - Spotlight on Cryptocoins -- PIVX -- 7th feature "private" coinssteemCreated with Sketch.

in crypto •  8 months ago

Spotlight on Cryptocoins -- PIVX -- 7th feature "private" coins

Hello Steemians

In this series of articles I want to put a spotlight on a specific cryptocurrency and write about the details in all these aspects:

  • Aim of the currency

  • Technical details

  • Market position

  • Forecast

The cryptocurrency in focus currently will be one of the so-called "private" coins. Coins that create the possibility to be more or less in private while doing transactions. How private you are is one of the main questions to be answered in this articles.

In this 7th article of the series, the spotlight will be on PIVX.




PictureSource

Aim of the Currency

What is this currency about? What does it do differently than the rest?
Where is the unique selling point and at what audience is this coin targeted.

All that questions and more will be answered in the following paragraph.

PIVX is one of the bigger players on the private coins' market and has been founded under the name Darknet/DNET back in November 2015. It is based on the original Bitcoin Core which has been updated to Bitcoin Core 0.12.1 in 2016.
Originally, PIVX has been a PoW(Proof of Work) Coin, but since August 17, 2016, PIVX is a PoS Coin, with a Masternode system attached.
PIVX is mainly focused on keeping transaction data private using the zerocoin protocol and is the only PoS coin that has implemented this protocol currently.

Technical Details

PIVX has wallets that support Linux, Max, and Windows as well as a mobile app for Android devices.

PIVX features a PoS Concept and also a Masternode approach. Every 60 Seconds 5 new PIVX are created and distributed according to the following rules:

  • 10% is going to the reward pool for running new projects
  • 90% is getting divided between the stakers and the Masternodes, by an algorithm that is constantly balancing the rewards between the two parties. Currently, the rewards are a bit in favor of the Masternodes to compensate higher costs of operation.
  • There is no mining in PIVX since August 17, 2016.

Privacy of transaction is achieved using the zerocoin protocol, which means that for a private transaction you can create out of your normal PIV into untraceable zPIV, if you are sending this to a receiver again normal PIV without history will appear in his wallet. The link between sender and receiver is severed using a protocol level mixing service with zero knowledge proofs, making the transaction fully private.
Transactions costs for either private or transparent transactions, that are possible as well, are very low compared to other private coin implementations.
Transactions times in PIVX are very fast compared with other Cryptocurrencies, this is because a protocol named SwiftTX has been implemented which is using the confirmations of the Masternodes and therefore does not need to wait on other confirmations.

Market Position

At the time of writing this article (01/09/2018) PIVX is placed 59th in market capitalization, with the total value of $664.134.175 USD. The 24h Volume was $12.139.500 which is a high number compared to the last month.

The team around PIVX is also extremely active and they are delivering updates and new software quite regularly. The marketing team is creating new campaigns and adds quite often and they are constantly raising awareness.

Most of the Cryptocurrencies have had a massive boost of price in the last month and *PIVX from this tendency as well.
Looking back one month into the past, we see that the price is now 3 times what it was beginning of December. 12$ today versus 4$ on Dec,10 .


GraphSource


If we are looking back one year into the past we see that PIVX was traded for 1 cent until March 17, making it an impressive and massive increase until today.


GraphSource

Forecast

Just like all the other private coins PIVX for sure has a valid point in trying to keep the privacy of the sender and receiver.
PIVX has secured quite a good spot within the top 100 Cryptocurrencies, a strong position for further growth.
The forecast is very positive, the roadmap features a encrypted chat as well as Multi-Sig Addresses and the integration of I2P Network Nodes (in addition to TOR Network) to have another option for IP Adress privacy.

Conclusion

PIVX is keeping your transaction details mixed and therefore completely private, IP privacy is guaranteed using the TOR Network Nodes.
PVIX is developed by a ** community-based **, following the statement PIVX will work towards a ‘Community Designed Governance’ system that changes the distribution of votes, to include the entire PIVX community which has been signed of by the Masternode owners.

Last but not least there are also some drawbacks and they should not be unmentioned:

  • Masternode cost is high needing 10000 PIVX, worth 120,000 USD currently.
  • Privacy of transaction has been also viewed with criticism.
  • PoS can also be seen as the rich getting richer because of the need to have a stake.

Authored by: @jedigeiss






Interested in joining us? Come join our Discord server at: https://discord.gg/gXMH3qu

!

Vote @adsactly-witness for Steem witness! Go to:
https://steemit.com/~witnesses

In the bottom of the page type: adsactly-witness and press vote.


Use small letters and no "@" sign. Or, click here to vote directly!

Thank you!


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

the juice about pivx is it has a private Instant Verified Transaction, that is privacy focused, decentralized, and open source, the dev has been active right from the fork and having a global community with technology-enthusiasts. Pivx to me is still the most undervalue coin and it will huge soon.

Privacy coins are a bit of a grey area for the future of crypto currencies, they obviously offer a very unique feature of anonymous transactions but on the other hand it might paint a bad picture for the future of crypto currencies as they will be hard to regulate.

I am thinking to add pivx in my long term bag. One of the reason of doing that is I can hold it on ledger wallet completely safe.

Awesome analysis. Started following!
scan_to_tip_pivx_sm.png

·

i ll try to buy small amount of that crypto

POSW (future STAKENET) will be a better option?
It will be a fork from PIVX, with masternodes as well, privacy, Tpos, possibility to stake from cold storage and a very ambitious Roadmap for 2018.
Cheaper and better ROI.

·

Worth a look

Nice one. I am not so into crypto, so I dont know much about PIVX, all i know is that its the improved version of DASH, in wallet coin mixing based on CoinJoin with various improvements over the original :) my apologies.
But my word for everyone is make your own due diligence, read about the fundamentals and try to see the big picture of each currency.
Find the projects that interest you, and that you believe have a viable future and a use in the world and invest in them.
If you can’t see the big picture in 5 years - don’t invest. Pay close attention to what the coin DOES and what it stands for. Pay attention to how passionate its userbase is.
Unit price is not a good metric to go by, you need to take market cap and the number of coins in circulation into consideration as well. The larger the market cap of a coin is, for it to even double in price will take a huge influx of wealth.
Bottom line is do your own research, define your goals, and chart out your way. Thanks @velimir for the invite. Its great to be here.

I like the fact that you diluted the tape and showed (new for some who had not previously known) a coin and its characteristics.
Now the growth of the market and the majority of growing crypto-currencies is based on news. Most recently, we saw a consequence of the negative news about South Korea and the absence of registration on the crypto-exchange markets. That is, my idea is that in our time growth is due to two factors:

  • real benefits and other characteristics of the crypto currency
  • news about a certain crypto currency, which are able to attract investors
    Exclusively, news is pushed up the leading crypto-currencies from the list.
    Although my opinion - bitcoin is overrated, in fact this is an outdated technology (long transactions and large commissions are some of the shortcomings with which we have faced) and there are much better alternative altcoyins - which are currently undervalued. He (bitcoin) is a tool for gamers of large players.
    Thanks for the article, it is the popularization of other worthy coins that will change the situation

Wow, that's what I like to read on Steemit, crypto! Crypto trading is in my eyes something like a 3 years old baby, just started to live. And we will be veterans of trading in a few years. PIVX is a great project, currently at number 51 in this 'bloodbath' at coinmarketcap.com
When I look at some coin, first of all I look on Circulating Supply and here we have 55m. My personal favorite is VTC which is on 42m Circulating Supply. In my opinion both coins can go higher at 10x/$. Look at NEO, it has 65m CS and it's on 97.98 US$. That means we have a large space for improvement. :)

God bless you

What number of pivx do you need to set up a masternode? and what else on top of that?
Dash was around around $10 over a year ago and now is over $1000...
1000 dash makes roughly 7% a year if im not mistaken, so almost 1.5 dash a week...what is the % interest for pivx for staking and for their masternode? I would want to get in this soon before their price rockets up even further.

·

20,000 PIVX for a masternode.. not sure what the reward is

·
·

Hello dude now it has been updated to 10,000 PIVX for a masternode and actually it gives you around 20$ per day, you can check the others masternodes here : https://masternodes.online/currencies/PIVX/
Hope it will help

·
·
·

Better option is to get future POSW masternodes. Its a fork from PIVX chain. Next month they are doing the swap to STAKENET, new name. Rebrand. You need between 15,000-25,000 POSW for a master node, not decided yet. Much more cheap than PIVX and you will get more rewards.

·
·
·

damn...i guess im priced out then

·
·
·
·

This is why I sort of dislike PoS, a lot of time it sort of keeps the small guy out of the deal and causes inequality in the crypto space.

·
·
·
·
·

Get on bitcointalk and read the altcoins announce thread. You can get in on the next great coin on day one. In the mean time take a look at Smartcash (Smart) . Project started 6 months ago. SmartNodes (masternodes) launched this week. Read my articles on steemit you would like what you findout.

·
·
·
·
·
·

Ok @nitego I will read your articles!

·
·
·
·

I give you an advice, check SUCR coin, it's still affordable Masternode to make, it's only 1000 SUCR that costs around 0.1, and it's very new, I'll make a full post about it soon keep update I upvote and follow u @ssjsasha ;)

·
·

whoa thats a lot

·

The exact question I wanted to ask

·

Dash doesn't have the unlimited supply. That's the reason why I believe that pivx will never reach dash price wise.

·

RIPPLE XRP WILL POSSIBLY REACH 13000 THIS YEAR per COIN IN MY OPINION 🚀 let's Hodl together.

·
·

Here we are talking about PIVX, this post has nothing to do with yours XRP...
Remember that XRP is not a cryptocurrency, it can be control by Ripple at anytime to delete, move, clone or make new coins, this is just giving your BTC for a money that you not control, better to have Cash than XRP...

·

Based on estimates for May 2017 through April 2018, average yearly returns for staking are approximately 4.8%.
For up-to-date reward check PIVX Rewards Calculator.

PIVX was the first alt coin I bought! Unfortunately I didn't backup my wallet and lost them all :( :( :(

2018 will be a great year for pivx!

Bought Pivx at .75! Sold way to early! Great coin to hodl!

·

Hello, actually a private coin is a coin that we can retrace from address to address like we can with BTC for example, it means you can't really know what is on the address with a blockexplorer,
PIVX is already in the market and you can buy it here : https://www.cryptopia.co.nz/Register?referrer=membercrypto
Hope I've answered to your questions

·
·

The Private coin is a category of coins which focus to maintain your privacy while you do your transactions. Some examples are Monero, Zcash, PIVX, Komodo, Zcoin, NEVcoin, ZenCash, Verge, Dash. Correct me if i am wrong.

·
·
·

And POSW, future STAKENET. Next month rebrand and swap coins. POSW is a fork from PIVX with masternodes as well. Better option

Pivx is one of my favourites out there! it has such a huge potential especially with proof of stake and zerocoin.

Honestly I don't really understand the use of privacy coins. I understand that a large corporation would likely not want public record of their spending but for the average user how does it work? It seems as soon as you deposited privacy coins or spent them you'd be revealing your identity. Or am I misunderstanding?

·

privacy coins keep sender and receiver information hidden from anyone's view. It is very useful for people who do not want government or authorities to track how much crypto they have and using. The darknet which is much bigger than the typical internet we use has a lot of people wanting to keep their privacy when making transactions.

There are many methods to keep coins private. If you look at monero and read into the coin they use multi-signature to conceal sender and receiver. A lot of crytonite coins have this feature.

·
·

I doubt Government won't go after these kind of coins.

·

While some people will probably like the feature for money laundering, it also has a very legit use case: in a normal blockchain, everybody can look at your wallet - so everybody knows how much you own and what and where you spend your money on. This is not the case with a privacy coin.

·
·

What if we get paid our salaries in crypto? Do you want your coworker in the same position as you to see your salary (maybe you make a bit more than him). I dont want the whole world to be able to see how much money I have, we should have both privacy and non private coins for different use cases.

pivx is a good coin,as more and more investors join the crypto market, there will be an increasing need for privacy,private coins will have the spotlight, and pivx is one outstanding privacy coin

·

But PIVX has competitors like Verge, Dash, Monero & many others.

Thanks for the information you gave. privacy is essential.

I remember in 2017 when PIVX doubled from $.08 to $.16 and thought this coin was going to be massive one day! I think these privacy have definitely created their own niche! The masternodes are much cheaper than Dash's at current prices! :D

Seems like some very interesting stuff!

Am seeing PIVX raking from 59th position to top 10th position among the Cryptocurrencies in few month to come

nice one

PIVX is one of my favorite privacy coins. Tor Network Nodes is the main attraction for me to PIVX. The concept of privacy is frowned on by a large portion of society. I believe we all have a right to private moments, thoughts, investments and a lot more! I invested in PIVX mostly at the $1.00 to $1.25 range and purchased 5000 coins. I regret not purchasing 10,000 for the masternode opportunity you talked about in this post. I am very excited about my profit with PIVX, however the masternode is always a great way to have an additional yearly income. I really appreciate the detailed information you have shared within this post. Thank You for taking your time to share this post on steemit. I am going I am going to follow your steemit blog, so I will be able to share your knowledge with others. I have also just resteemed this post, so my current followers can benefit from the information as well. Have a great weekend!

·

You can purchase POSW for a master node. It will be forked next month from PIVX. Next month rebrand, swap and all the good features with privacy, Tpos, masternodes...
Cheaper and better ROI

·
·

This sounds like a good plan. Thank You for letting me know about this. I have also just followed you on Steemit so I can learn from your knowledge. Have a great Sunday.

Now the whole agenda is bitcoin and ethereum. It is really nice of you to talk about different subjects. Your opinion on your sharing is; PIVX; the team and the stability in their growth are predicting that they are not a Pump & Dump coin. There is also a management mechanism that provides financing support for the development of PIVX and its affiliated projects.

Amazing and informative write-up. Thanks!

Great Post! This is a fantastic format to present a "coin" to us all. Will look out for the next one! Cheers

PIVX plans to remove the coinjoin method of DASH and apply the modified libzerocoin protocol instead. This will make it one of the most advanced POS coins.
pivx.jpg

Nice post
Very much
If u can,cek my post/blog upvote
If u can't that okey
So,thanks you

I wish that I started to learn about all of these coins features.
we could all just have bought a pivx masternode and just coasted through this whole crypto boom..
the prices have gotten out of most of our reach........
ps great article it was very interesting...........

it was a very informative article.You explained all the details about PIVX.I have never been involved with PIVX before, but I have to look at it.Thanks for sharing..

Great content! Very good overview for a person just getting started to look at the alt coin space. Thanks!

Thanks for inform us @adsactly and how we can download this this application for Android please tell me

Great post outlining PivX and I really like how you have picked a layout to feature coins under.

I do something similar on my page, where I overview multiple coins, doing one a day. New series of coins to be announced tomorrow!

PivX is a great coin and has some good use cases, it is certainly one of the leaders in its niche.

Thanks for the great content @adsactly!

Great info, will check Pivx out...Here's a valuable analysis on REDD:

REDD (RDD) - Analysis (53% POTENTIAL PROFIT) — Steemit https://steemit.com/bitcoin/@benkalashnikov/redd-rdd-analysis-123-potential-profit

rdd.png

Nice posting interested amazing article

This post has been Resteemed and Upvoted by @alaminbinamir
Governments around the world,
are using "Child Protection Agencies"
to take children away from loving families
and place them in foster care or group homes
or put up for adoption.
THESE FAMILIES NEED PROTECTING.
Thank-you @adsactly for supporting

Do you think I could translate this article into Spanish?all the credits for you, interesting post @adsactly

its very nice post.hope that people of all ages like it..they also learn many think from here.So thanks for sharing a valueable post with us.....

Nice insight and info. Tks for sharing . Keep it coming

good information details. if they cash any time even then it comes to the Government knowledge. privacy can be for how long.

Coming across posts like this makes me understand that there is still so much to learn.

Great articles. Nice forecast. I'll consider PIVX. Privacy and anonymity is what I love about the crypto space.

wow. awesome

Only thing that I don't like about pivx is unlimited supply...

Really, this post is very enligthening.
Thanks for the information.

i love the idea behind PIVX and now i am out to know more about TOR network nodes

Nice, I would buy some PIVX soon! Thanks!

·

filthy-stinking-thieves.jpg

Rewards Pool Farmer Alert

check out the comments section of @ryacha21 above. (https://steemit.com/@ryacha21/comments)

He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.

HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..

Learn more about this sack of monkey spunk here:

https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4

Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.

Post Author, @adsactly I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of @ryacha21

i love u post, but
i want to vote back @adsactly

Congratulations @adsactly, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 27 and the total pending payments to posts in these categories was $3263.39. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Thanks dear sharing information. Great work friend. Keep it up.

·

Keep posting your post are interesting

Upvote for upvote thanks
https://steemit.com/science/@johnelia/smarphone

If you like PIVX, you gonna love @smartcash! They just launched the SmartNodes this week and you should have a look at it.

·

POSW they are gonna lunch masternodes next month. I will be a fork from PIVX. Check it out!

I think private coin is useful for super rich. but the nation dont ignore that coin. so I guess the nation stress dark coin.

Gracias por la información

To me PIVX is a completely new coin. I really did not know much about until I read your post in detail. It is true and i agreed upon this act that in recent past many coins got the Rise and PIVX also moved with high tendency as well

PIVX, Amazingly went it's journey...

If we are looking back one year into the past we see that PIVX was traded for 1 cent until March 17, making it an impressive and massive increase until today.

Thanks for explaining PIVX rise and fall in detailed with graphical explanation. Amazing Review i must say

Worth Reading blog for the steemians specifically for the Minnows like me.

Stay Blessed, Steem On!

Get in early on the Monetize Coin Token sale, with only 500,000 MNZ Tokens available at the discounted pre-ICO price of $0.35 and a realistic target value of $10 by February, this is the easiest way to 30x your investment.

Click here:
https://monetizecoin.io/5a59983248095
https://monetizecoin.io/5a59983248095
https://monetizecoin.io/5a59983248095

Verry good post

I like privacy coins. I believe they have a clear use case as with other cryptocurrencies without a privacy feature, your transactions will be documented in a public ledger and therefore traceable (especially for governments). There are certainly instances where I would prefer this transparency, but for a transaction between two persons, a privacy coin will always be my first choice.
When it comes to PIVX, I doubt it is the best coin of its kind. Monero and ZCash are already more established. From a technical perspective, I am not sure though, which coin has more potential. I guess there is a tradeoff between strong privacy features and transaction speed and or transaction fees. Can anyone shed some light on that?

very nice post

Crypto currencies are boom! The future of currencies. Im personally looking at the XRPUSD(RIPPLE) for buy opportunities. Electroneum too!
Nice post mate!

Congratulations @adsactly!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 4 with $ 618,1

Good introduction. Started following so I can learn more @adsactly

Hello @adsactly it is good to know that more and more new cryptocurrencies are entering in market. I have written post on cryptocurrencies future in 2018. Please have a look and give your remarks when you have time.

I will look more into this private coin. Thanks for providing us with in-depth information about it

Amazing

This post has really shed some good light on the marketing and future prospects of cryptocurrency. All said and done, one of the revelations for me in the write-up is the fact that PIVX is keeping owners' transaction details mixed and therefore completely private while the IP privacy is guaranteed using the TOR Network Nodes.

Great insight on the PIVX cryptocoin and one to look at and get in the game when the market allows it. I am looking at some privacy coins beside MONERO (XMR) which in my opinion is the father of all the others, but there is place for some more to cover the request on the market for such coins. Having implemented the Zero protocol first hand they might have an advantage before the competitors, but it all resumes if they can keep up and continue growing. And what they showed for now is promising...

PoS Concept and Masternode approach are a great deal of features in PIVX.

amazing privacy coin. I should have invested more in this coin but still not too late I think.

Definitely not the first time I've read about this currency here on Steemit. Its always cool to see how must prices for different cryptos have risen over a year. I find it most interesting how there hasn't been mining of PIVX in a year and a half roughly too...

Thanks for the write up, I am going to go back and read your previous articles!

A very informative post, going to add it in my portfolio, thanks for the knowledge mate :)

Stay blessed :)

I like the fact that you diluted the tape and showed (new for some who had not previously known) a coin and its characteristics.
Now the growth of the market and the majority of growing crypto-currencies is based on news. Most recently, we saw a consequence of the negative news about South Korea and the absence of registration on the crypto-exchange markets. That is, my idea is that in our time growth is due to two factors:

real benefits and other characteristics of the crypto currency
news about a certain crypto currency, which are able to attract investors
Exclusively, news is pushed up the leading crypto-currencies from the list.
Although my opinion - bitcoin is overrated, in fact this is an outdated technology (long transactions and large commissions are some of the shortcomings with which we have faced) and there are much better alternative altcoyins - which are currently undervalued. He (bitcoin) is a tool for gamers of large players.
Thanks for the article, it is the popularization of other worthy coins that will change the situation

Charges of banks are ridiculous and anything that toppled them makes my day. Cryptocurrency to the moon

I do not know about all these mastermodes crypto...

For everyone that has Pivx, you can store it in the ledger wallet bitcoin.

I like your post @adsactly

Thank you very much for sharing. I have not heard it before. You have provided me with an idea on the subject. You encouraged me to investigate this topic.

Awesome post! I invite you to visit our blog and vote us back! And of course to enjoy our content :)

OKEx is it legit to trade there?

exactly kind of info i need. thanks for sharing info details on PIVX coin