PIVX PIVX Price

What is PIVX (PIVX)?

Launched on January 30th, 2016, PIVX (Protected Instant Verified Transaction or eXchange) stands as a unique entity in the cryptocurrency landscape. Originating as a community-governed fork of DASH, PIVX has swiftly evolved into a privacy-centric, Proof-of-Stake cryptocurrency, integrating cutting-edge technologies and pioneering innovations in the blockchain domain.

At its core, PIVX is committed to user financial data protection, underpinned by an advanced implementation of the zk-SNARKs Sapling protocol, ensuring all transactional activities are shielded. This focus on privacy is harmoniously balanced with compliance to AML/CFT standards set by the Financial Action Task Force, showcasing PIVX's dedication to regulatory adherence. The PIVX network is further enhanced by its Masternode system, which adds a second layer of functionality, allowing for decentralized governance and voting on community proposals. This system is integral to PIVX's identity as a decentralized autonomous organization (DAO), self-funded and steered by its community.

Financially, PIVX demonstrates a unique approach to currency management. It operates on a static block emission rate combined with a dynamic coin-supply mechanism, where 100% of transaction fees are burned, controlling inflation effectively. PIVX's monetary policy is thoughtfully designed to support a sustainable, scalable, and decentralized node infrastructure, enabling private, instant transactions globally.

What is unique about PIVX (PIVX)?

PIVX stands out as a decentralized, self-funded DAO with a focus on privacy and user data protection, utilizing Proof of Stake and burning 100% of transaction fees. It offers features like SHIELD for transaction security, a Masternode system for governance, and only requires 1 PIV to stake​​.

Who are the founders of PIVX (PIVX)?

PIVX was conceptualized by three individuals: Coin-Server, s3v3nh4cks, and Stakebox. Post-2018, the project's direction has been led by core blockchain developers Fuzzbawls, Furzy, and Random.Zebra, along with community contributions​​.

Who are the backers/investors of PIVX (PIVX)?

PIVX, as a community-driven project, does not have traditional backers or investors. Its development and governance are supported by the community and stakeholders, which includes masternode owners and PIVX holders participating in network activities and governance.

What is the consensus mechanism of PIVX (PIVX)?

PIVX uses a Proof of Stake (PoS) consensus mechanism, enhanced with features like Time Protocol v2 and Cold Staking functionality for added security and efficiency​​.

Where can I buy PIVX (PIVX)?

You can buy PIVX (PIVX) on Binance, MEXC, Nonkyc.io, CoinstoreBitMart cryptocurrency exchanges.