Golden
PIVX

PIVX

PIVX is a cryptocurrency utilizing masternodes and focusing on privacy.

PIVX is a cryptocurrency whose acronym stands for Private Instant Verified Transactions. It was founded in 2015, originally known as Darknet (DNET).



PIVX is an anonymous peer-to-peer currency that is community driven and uses Blackcoin’s improved Proof of Stake 2.0[1] protocol instead of Proof of Work. The platform is designed to be similar to the code found in Bitcoin core 0.10.x. The cryptocurrency transitioned from Proof of Work to Proof of Stake in 2016. The feature that PIVX has developed to instill Proof of Stake was made to provide an overall improvement in security. PIVX uses Masternodes which are nodes that run the same wallet software within the same blockchain. This provides services like instant transactions, coin mixing, and a decentralized budgeting system.



Along with Masternodes, some of PIVX's key features include Obfuscation, SwiftTX, and See-Saw Rewards Mechanism. The See-Saw Rewards Mechanism balances the difference between Masternodes and staking nodes on the network, it dynamically adjusts the block reward size between the two nodes. The block reward split between the nodes balances at 10% for staking nodes (budgeting system), and 90% is dedicated to Masternodes (the number of coins locked to Masternodes is smaller than 1% of the entire coin supply). This feature creates a strong network of profitable Masternodes which creates an incentive for 60% of the total coin supply to be available for staking, securing the network and maintaining liquidity.

Timeline

November 6, 2017

PIVX attended Web Summit 2017 as an Exhibitor

August 17, 2016

PIVX transitions from proof of work to proof of stake

The transition from proof of work to proof of stake is completed.

January 29, 2016

PIVX is launched under the name DarkNet (DNET)

The PIVX original blockchain is launched with proof of work with the name DarkNet.

People

Name
Role
LinkedIn

Chad Ballantyne

Marketing



Eric Stanek

Lead Design



John MacPherson

Business Developer



Robert DeVoe

Content Writer



Further reading

Title
Author
Link
Type
Date

Bitcoin Truly Decentralized: Fork Of Dash Plans To Lead Community Back to Satoshi

Iyke Aru

Web



PIVX Set to Implement Three Top Developmental Changes

Marat Arguinbaev

Web



PIVX Technical Notes / White Paper

Pivx Team

Academic



PIVX Zerocoin (zPIV) Technical Paper

Pivx Team

Academic



What is PIVX - An Ultimate Guide on PIVX crypto

Coinswitch

Web



Documentaries, videos and podcasts

Title
Date
Link

Blockchain - PIVX Basics - Ep1

Dec 9, 2017

Proof Of Stake - PIVX Basics - Ep2

Dec 15, 2017

Companies

Company
CEO
Location
Products/Services









References