Beyond the rebrand from DarkNet, the heart and thought process driving the PIVX team is obvious when one considers that the switch from proof-of-work to proof-of-stake was executed on the desire to create a sustainable cryptocurrency with realistic returns.
According to Snappy, the PIVX switch to proof-of-stake has been beneficial on two fronts:
- Ability to reward coin holders and grow the PIVX community
- Masternodes are producing consistent passive income
- Staking to secure the network is possible with only 1 PIV
- Reduced carbon footprint against a backdrop of bitcoin mining climate destruction
The PIVX team didn’t stop there, though.
In a cryptocurrency first, innovation continued at PIVX with a complete customization of the Zerocoin protocol now followed by a next industry first: PRIVACY STAKING… shielded staking addresses, taking PIVX to elite status in the crowded privacy coin space.
As if privacy staking weren’t enough to create FOMO, the PIVX team is planning to introduce yet another underestimated and transformative technology: the zDex. zDex is an in-wallet, crypto-to-crypto exchange… look for the zDex to quickly become valuable not only to the PIVX network, but to the PIVX community as well.
“Whoever does multi-coin wallet and decentralized exchange well is gonna be onto a real winner… you guys have always been very community driven. That’s one of the things that first attracted me to PIVX…” – Nuggets News Australia
Watch the interview now: