PR: The Dash Fork, PIVX Cryptocurrency Brings Private Instant Verified Transactions to the Masses
Press Release: PIVX cryptocurrency, forked from DASH v0.12.0.x core uses custom PoS, changes name from Darknet to enable private, instant and verified transactions.
March 15, 2017 – PIVX (Private Instant Verified Transaction), formerly known as Darknet offers an upgraded DASH v0.12.0.x clean fork based cryptocurrency with custom Proof of Stake (PoS) code to the community. The open source cryptocurrency platform has replaced the previous Proof of Work (PoW) consensus algorithm to bring private, instant and verified transactions to the masses.
Through its latest changes, PIVX has eliminated the dependency on resource intensive hardware for mining, like in the case of other PoW cryptocurrencies. Instead, the community members can earn PIVX by holding on to some tokens in their wallet while keeping it connected to the internet. The platform’s latest PoS 2.0 algorithm allows any device running a PIVX wallet, irrespective of its technical specification or operating system to take part in the staking process and earn rewards.
Being a Dash fork, PIVX utilizes Bitcoin Core by default. It uses the current Bitcoin v0.10.x core in combination with some already committed v0.13.2 updates. Since its launch on January 31, 2016, PIVX has been the only PoS cryptocurrency to be based on Bitcoin Core v0.10.x or above, making it the most up to date and technically advanced PoS cryptocurrencies in the market.
PIVX inherits all the technical features of Dash, including the masternodes, instant transfers, and private transfers. The PIVX team is working on further improving the platform by updating it to v0.12.1.x Dash core with enhanced features like IPv6 support, along with the existing IPv4 and TOR Network support.
The PIVX cryptocurrency network has a block time of 60 seconds with fixed block rewards. The custom seesaw algorithm incorporated in the system dynamically alters the rewards split between a masternode and staking nodes. Detailed information about the seesaw algorithm is available in PIVX’s whitepaper.
The PIVX team is one of the first to explore the implementation of libzerocoin protocol with non-optional minting to the platform. A successful integration of the zerocoin protocol will further enhance the network privacy, making every end-to-end transaction untraceable.
PIVX believes in having an inclusive governance by the community. The team is currently involved in discussions to further improve the existing masternode voting system by including non-masternode PIVX holders in the decision-making process and utilization of its block reward budget. These discussions are held as publicly viewable live meetings for increased transparency continuing until an ideal governance solution is devised and implemented.
With these features, PIVX hopes to revolutionize the world of private cryptocurrency, in terms of monetization and exchange methods.
About PIVX
PIVX is a multifaceted community-centric endeavor in the blockchain tech and cryptocurrency realms. It offers a transactional security and privacy-centric, decentralized open source cryptocurrency for the community.
Learn more about PIVX at – https://pivx.org/
Read PIVX whitepaper at – https://pivx.org/what-is-pivx/white-papers/
Media Contact
Contact Name: PIVX Marketing Team
Contact Email: [email protected]
This was also on the huff post! Making waves guys!
link?
http://www.huffingtonpost.com/entry/the-dash-fork-pivx-cryptocurrency-brings-private-instant_us_58cadcc8e4b0e0d348b3414e?ncid=engmodushpmg00000004
Congrats!
http://www.huffingtonpost.com/entry/58cadcc8e4b0e0d348b3414e
This post has been ranked within the top 80 most undervalued posts in the second half of Mar 16. We estimate that this post is undervalued by $2.16 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Mar 16 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Way to go. Can't wait for PIVX to implement zerocoin protocol to make it even more private than dash.
Love PIVX! just bought some more...get that MasterNode! get it!
Very good article. I was about to start a similair discussion. Investing in cryptos is still a risky thing. I was researching a way to find more info about the current cryptocoins on the market. I found this great website: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto.