Price (USD)$ 0.1783
Circulating SupplyPIVX 69.78227M
Volume (24h)$ 86.48634K
Market Cap$ 12.44182M
Low/High 24h$ 0.1756 - $ 0.1843
Change (24h)-$ 0.000725
PIVX may seem like just another cryptocurrency but if you dig deeper you’ll understand it’s much more profound. This article will help you here!
PIVX coin price today is 0.1783 USD.
PIVX was launched in 2016 by a few crypto enthusiasts. PIVX started as a fork of DASH under the name Darknet, which was later rebranded to PIVX. PIVX is an abbreviation for Private Instant Verified Transaction. As it goes by the name, PIVX aims to build a useful, convenient, and fast means of exchange that'd be helpful in everyday life. PIVX vividly emphasizes the privacy, security, and anonymity of the blockchain as the developers find those features crucial to any means of exchange.
PIVX stands out for having its own Proof of Stake (PoS) protocol, with the staking options and masternode governance. PoS makes it easier and more pleasant to create and manage within the blockchain.
Masternodes take a big part in PIVX system operation, they control the Governance/Treasury system. The perfect balance is kept due to the desire for Stakers and Masternodes to maximize their rewards. They create economic forces that maintain the equilibrium on the platform and leave everyone satisfied.
In 2020 PIVX has been implementing a lot of updates into its system, including a new logo, a totally rebranded and modernized website, and the cutting-edge User Data Protection and Privacy Protocol SHIELD. There was a similar protocol before called Zerocoin with SwiftX system. But no worries, it doesn't mean that PIVX is relaxed on speed now. PIVX is still extremely fast, but the near-instant SwiftX will be added back in the future.
SHIELD is the first zk-SNARK’s based privacy protocol on a PoS blockchain. Since the beginning PIVX was aiming to be private and secure, so since 2016 it was operating on the Zerocoin protocol but it has to retire because an improved privacy-centric protocol has come - SHIELD. Because of the zk-SNARK (zero-knowledge proof that requires no interaction between the prover and verifier) technology, SHIELD works as a real shield in the crypto-world, that protects users’ rights, preserves privacy, and keeps private information protected.
It also means you are not limited on the amount you can spend, your full balance is available for transacting privately. Overall, all SHIELD transactions are private, but PIVX will still allow users to choose freely on how they want their transaction: public or private. However, both methods are just as easy.
On the SHIELD transactions are still very fast, completed almost instantly.
Later on, the developers plan to add such features as trustless setup, anonymous light protocol research, anonymous voting, and staking.
Mining on the PIVX blockchain differs a little bit from the classic mining we’re used to. The good news is that users don’t need any GPU for it. Participants can get PIVX coins either two ways:
PIVX coins are actively traded on digital exchanges surpassing the sum of $1.5 million daily. Common trading pairs include BTC, ETH, and even main fiat currencies - USD and EUR.
PIVX is not going traditional in matters of wallets too. The official PIVX wallet can be downloaded on the official website. PIVX is also supported by Coinomi, Ledger, Flitswallet, and CoinSpot wallets.
A remarkable element of the system is its mobile wallets that function more like mobile payment instruments like Apple Pay or PayPal. Both Android and IOS wallets are quite sophisticated and offer 2-factor authentication.
The same as most other cryptocurrencies you can sell or exchange your PIVX coins, as well as get a passive income by staking.
Unlike many other coins, PIVX is completely self-funded, it neither had any ICO in the beginning nor any pre-mining of coins was offered.
The PIVX has gone through several periods of ups and downs. It’s obvious that the lowest price was prescribed on the days of initial inception, but later on, as the community grew and the network became fully developed, the interest had grown considerably.
"PIVX is a master cryptocurrency. The tech is top-notch, privacy security is beyond reproach, decentralization is paramount, and it contains the features needed and desired for a widely used digital currency." – Uncle Wookie, Medium.com
“This project, in addition to having a backup with the name of your company, has won land because it has many characteristics that all users seek in addition to taking into account the Ideas and advice from your users to improve the interface of your platform and provide the best service to all your users globally.” – Julio Varela, Revain.org
Now let’s sum it up - PIVX is a community-driven, private, secure, and rather promising cryptocurrency on the market today and it’s definitely worth a look, keep your eye on it!
Today PIVX price is 0.1783 USD. The best way to exchange your coins to PIVX is StealthEX. It’s a super-friendly, non-custodial and limitless cryptocurrency exchange platform.
If you already have savings in crypto and wish to invest in PIVX, just go to StealthEX and follow these easy steps:
You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.