What is PIVX?
PIVX is a form of digital online money using blockchain technology that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees with market leading security & privacy.
Launch Date: January 31st, 2016
Block Time: 60 seconds
Block Size: 2mb
Total Coin Supply To Date: 55 million
Circulating Supply: < 30 million. This is due to masternode collateral (10,000 PIV per masternode) being locked in escrow as well as any staking wallets holding PIV off exchanges.
PIVX Transaction Fee: < $0.001 (for Normal sends), < $0.01 (for Private sends)
PIVX is a multifaceted community-centric endeavor in the blockchain tech and cryptocurrency realms. What we mean by that is this: There are many components of what and who PIVX is and why PIVX was manifested.
PIVX is the fastest and lowest cost privacy-focused digital currency, using a Proof of Stake (PoS) consensus system algorithm allowing all owners of PIVX to participate in earning block rewards while securing the network with full node wallets.
Designed to be used as a viable currency that preserves individuals privacy and security, PIVX has the most sustainable supply model, is not susceptible to 51% attacks, is already globally distributed without centralization of coins to select few, is supported by thousands of passionate individuals in a Decentralized Autonomous Organization (DAO), and is already being accepted and used by merchants (online and physical locations) around the world.
In support of our global reach, PIVX was the first cryptocurrency project to translate it’s website and materials into over 30+ native languages, providing unparalleled access to information about cryptocurrency and PIVX in individuals most familiar language.
PIVX is the first proof of stake coin with the zerocoin protocol (called zPIV) and zerocoin staking (named zPOS); a completely new Proof of Stake algorithm providing unparalleled privacy, speed of transactions, and low transaction costs.
PIVX employs a second-tier decentralized network of masternodes providing additional services such as community voting governance, self-funded treasury system and instant transactions. It’s easy to implement and setup a PIVX wallet, be it desktop, mobile, raspberry Pi, etc, allowing for simple merchant adoption.
Additionally, PIVX has one of the most stable designed economic models in cryptocurrency. PIVX has implemented a Dynamic Supply System governing its coin supply; block rewards are static and inflation is reduced whenever a transaction is included in a block by burning transaction & zerocoin fees. At a certain threshold combination of transactions per minute, PIVX will become deflationary.