PIVX
PIVX is a cutting-edge blockchain project and cryptocurrency focused on user data protection,November 25 th2015 announced and January 30 th2016 fairly launched. At launch (based on the Quark proof-of-work algorithm), it had no ICO, no premine, and no ongoing developer premine.PIVX converted to a proof-of-stake algorithm and has since led the development of proof-of-stake and user data protection protocols. It protects user data through August 17 th2016; this is a highly customized anonymity protocol based on Sapling zero-knowledge proofs integrated into proof-of-stake.SHIELD to implement user data protection; this is a highly customized anonymity protocol based on Sapling zero-knowledge proofs integrated into proof-of-stake.PIVX is a decentralized, open-source blockchain and cryptocurrency project managed, developed, governed, and maintained by a community-driven decentralized autonomous organization (DAO). It is a proof-of-stake protocol that uses a custom-developed proof-of-stake consensus engine and has a native cryptocurrency named “PIV”。 PIVX also integrates other features, including the 2nd feature layer, which provides a voting-based decentralized governance mechanism through a masternode network; the project is currently developing new features for this layer, including deterministic masternode lists and long-lived masternode quorums, and is further adding the Sapling zero-knowledge proof anonymity protocol to all transactions and staking; all these features are highly customized.PIVX’s token supply comes directly from a static or fixed block issuance rate and any monthly budget allocations.PIVX also limits the dynamically calibrated token supply by burning all transaction fees.PIVX is an independent blockchain unrelated to applications and payments. It uses its native cryptocurrency (PIV) as a means of preserving user data and exchanging digital currency almost instantly, while also distributing it as rewards to those who help secure, build, decentralize, and govern the PIVX network. Individuals purchase and/or acquire PIV, hold or stake it (hot or cold holding), or lock it in masternodes to participate in the network.
Overview
PIVX is a cutting-edge blockchain project and cryptocurrency focused on user data protection,November 25 th2015 announced and January 30 th2016 fairly launched. At launch (based on the Quark proof-of-work algorithm), it had no ICO, no premine, and no ongoing developer premine.PIVX converted to a proof-of-stake algorithm and has since led the development of proof-of-stake and user data protection protocols. It protects user data through August 17 th2016; this is a highly customized anonymity protocol based on Sapling zero-knowledge proofs integrated into proof-of-stake.SHIELD to implement user data protection; this is a highly customized anonymity protocol based on Sapling zero-knowledge proofs integrated into proof-of-stake.PIVX is a decentralized, open-source blockchain and cryptocurrency project managed, developed, governed, and maintained by a community-driven decentralized autonomous organization (DAO). It is a proof-of-stake protocol that uses a custom-developed proof-of-stake consensus engine and has a native cryptocurrency named “PIV”。 PIVX also integrates other features, including the 2nd feature layer, which provides a voting-based decentralized governance mechanism through a masternode network; the project is currently developing new features for this layer, including deterministic masternode lists and long-lived masternode quorums, and is further adding the Sapling zero-knowledge proof anonymity protocol to all transactions and staking; all these features are highly customized.PIVX’s token supply comes directly from a static or fixed block issuance rate and any monthly budget allocations.PIVX also limits the dynamically calibrated token supply by burning all transaction fees.PIVX is an independent blockchain unrelated to applications and payments. It uses its native cryptocurrency (PIV) as a means of preserving user data and exchanging digital currency almost instantly, while also distributing it as rewards to those who help secure, build, decentralize, and govern the PIVX network. Individuals purchase and/or acquire PIV, hold or stake it (hot or cold holding), or lock it in masternodes to participate in the network.