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Private Instant Verified Transaction, PIVX, is a privacy focused decentralized open source cryptocurrency launched on Feb 1, 2016, under the name of Darknet (DNET) before it was professionally re-branded to PIVX. Initial Proof of Work (PoW) distribution phase ended August 2016 when DNET transitioned to the current Proof of Stake (PoS) phase. PIVX runs on Blackcoin PoS 2.0 protocol and is based on Bitcoin core 0.10.x code base. It utilizes a network of masternodes for an openly visible decentralized governance and increased transaction privacy. The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved. While we are well on our way to achieving this, some of the features are under development and should appear in the near future.

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PIVX Rating Report

PIVX is a Bitcoin-based cryptocurrency featured with private instantverified transactions and low transaction fees. It utilizes a custom Proof of Stake protocol for securing its network, and a See-Saw mechanism for balancing the reward. The members information is not fully disclosed. Currently, the project is still in the early stage of product development, and little progress has been made in marketing.
Coin Bureau

PIVX: The Privacy Centric Dash Fork

PIVX is another cryptocurrency that is trying to focus on transaction privacy and anonymity. PIVX is a fork of the DASH coin which happened on 31 January 2016. PIVX stands for Private Instant Verified Transcation (X). They chose to fork from DASH so that they could have the speed benefits of that blockchain. PIVX uses a Proof-of-Stake consensus algorithm where PIVX holders can stake PIVX on to earn staking rewards. PIVX also has a masternode network where nodes must stake more than 10,000 PIVX in order to earn the masternodes rewards. PIVX is also the first Proof-of-Stake coin with the zerocoin protocol (zPIV) as well as zerocoin staking (zPOS). The zerocoin protocol ensures privacy of the users through a process called "minting". Rewards in the PIVX ecosystem provide for a unique method of token supply. Every minute, a block is confirmed and the reward of about five PIV is released. This reward is divided up between a winning masternode, and a winning proof-of-stake participant. PIVX tokens are available on a number of exchanges and hence they are relatively liquid. Given that they are a staking coin, people are more incentivised to buy and hold them. This means that they are relatively less volatile than altcoins with comparable market capitalisations.