Presentation and definition of the crypto-currency Pivx (PIVX)
- Name of the crypto-currency : Pivx
- Symbol : PIVX
- Where to buy PIVX ? Binance
- Creation Date : February 2016
- White paper of Pivx
- Web Site Pivx
The network Pivx : what is that ?
Pivx is a decentralized network and open-source, which allows financial transactions are anonymous and secure. The name “Pivx” is the acronym for “Private Moment Verified Transaction (X)”. From the outset, the project has been designed to ensure privacy, and increased security to each transaction. Originally called the Darknet, the development team then chose a name closer to the values and ideologies of the network. Pivx is the first platform decentralized using the proof-of-stake to ensure such anonymity in transactions.
The blockchain and PoS
Pivx works with a blockchain. This blockchain is then secured by the consensus PoS (Proof of Stake, proof of ownership) and by a system of masternodes. It comes to portfolios Pivx.
The protocol Zerocoin
The network Pivx allows transactions to be completely anonymous and secure, thanks to the protocol Zerocoin. A network like Bitcoin is going to record and publish every transaction in the blockchain. On the other hand, the protocol Zerocoin will validate the transaction and never publish the details. It will retain against the data in encrypted form. In addition, the exchange system SwiftTX allows you to validate each transaction in just a few seconds, regardless of its amount.
The benefits of the network Pivx
The network Pivx is to work with transaction fees very low, typically of the order of a fraction of a penny. It is therefore particularly interesting for micro-payments. In addition, this is not an ICO (Initial corner offering) that funded the project Pivx. The issuance of Pivx has thus initially been carried out in an equitable manner between the first users.