PIVX Makes History as First Proof of Stake Cryptocurrency To Enable
October 16, 2017 – Launching today, cryptocurrency PIVX (Private Instant Verified Transaction) rolls out their highly anticipated new core wallet v3.0.0 that includes support for its next-generation transactional privacy solution utilizing Zerocoin protocol (zPIV). PIVX is making history by being the first POS (proof of stake) digital currency to implement the fully private and anonymous protocol.
Most cryptocurrencies in the market today utilize a public ledger system, called the blockchain, which makes all transactions visible and traceable. This leaves users vulnerable as anyone has the ability to see all associated transactions and balances, which includes their associated addresses. If an account can be linked to a person’s identity, then all of the transactions on that account can also be linked to that person.
To help solve this problem, PIVX has implemented a highly-vetted protocol called Zerocoin which enables each transaction to be private by unlinking transactions with the use of its new second tier coin called zPIV. This revolutionary protocol will make PIVX one of the most up to date and technically advanced cryptocurrency on the market.
PIVX’s aim is to have the best technology built into a coin that maintains the ideals that Bitcoin founder, Satoshi, originally had in mind. Simply put, the goal is to put the people in power of their money so they can manage and possess their own funds.
Listed as a top 30 Cryptocurrency on Coin Market Cap, PIVX is used in over 174 countries, with approx 9000 members, and website will be translated into 30 languages by 2018. PIVX is a community-centric cryptocurrency with a focus on decentralization, privacy, and real-world use.
For more information about PIVX, please visit www.pivx.org.
ABOUT PIVX: PIVX is a community-centric cryptocurrency with a focus on decentralization, privacy, and real-world use. It utilizes an energy efficient Proof of Stake protocol and a second-tier Masternode network for inclusive community-based governance along with a blockchain based self-funding treasury system ensuring its sustainability.
PIVX is continuously striving to achieve a better governance system, instantaneous private transactions, and fungibility in order to remain next generation cryptocurrency.
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