Right now as I write this article, the rush is on for investors to get into a little known cryptocurrency called PIVX.

It can be purchased on several exchanges including Bitfinex and Bittrex and there are rumors about that it will soon be circulating around Poloniex. Part of the reason for the sudden excitement that has caused it to jump almost 50pct in less than 12 hours is the announcement of an implementation of something called 'Zerocoin Protocol.'

What is ZeroCoin Protocol and What Does it Mean for PIVX?

Zerocoin Protocol is a coding implementation that will effectively make the first cryptocurrency with both POS (Proof of Stake) and a 2nd-tier Masternode network (an amazing addition that helps the network operate privately). This new 2nd-tier masternode network will have Zero-Knowledge private transactions (part of the reason for the success of Bitcoin in the first place...).

How good is the news?

For supporters of DASH, MONERO, CLOAKCOIN and BITCOIN this is big news. Many crypto investors want to support private solutions and PIVX is leading the way with its new innovative technology.

Final Thoughts

PIVX looks like it's here to stay but nothing is certain in the cryptocurrency world. Don't invest what you can't afford to lose. If you'd like to invest in cryptocurrency but don't know your way around yet, I recommend starting with bitcoin as it's one of the least volatile cryptocurrency's available and it has the longest track record of success.

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Sources:

CryptoNinja