What is PIVX Coin
Private, Instant, Verified Transaction


PIVX Coin Price

What is PIVX? | A Quick Overview

PIVX means: private, instant, verified transactions. That is the basis of what PIVX is. A community-centered blockchain currency for quick transactions.

This cryptocurrency aims for private, fast, and secure transactions for anyone using their product.

The History of PIVX Coin

The company launched February 1st, 2016 with the name Darknet or DNET.

Then later, under a rebranding effort, Darknet became PIVX.

Being created with only self-funding, it hit the markets at $.001 and now sits over $10

The Team

Being a privacy coin, PIVX has many people working on the development and marketing.

Its two co-founders operate under analysis:

  • S3v3n h4cks
    • An Expert in IT infrastructure and cryptocurrency.
  • Coin Server
    • An sysadmin and networking expert.
    • Master node Hosting Service Operator
    • Web and Applications Developer

Unlike many of the Cryptocurrency companies, this is a privacy-based coin which lends credit to its founders and developers keeping their identity private.

The Purpose of PIVX Cryptocurrency

This cryptocurrency believes that everyone has the right to exchange privately and securely, “without interference from corporatocracy pressures, governmental influences, prying eyes, and nefarious individuals and movements.”

What that means is that this is a privacy coin developed for stealth and security.

Alike coins such as zcash, zencash, dash, monero, verge and the like PIVX wants to help make currency private again.


The Features of PIVX Coin


This is a protocol for full privacy in transactions for the users.

Zerocoin converts publicly view-able PIV into anonymous PIV (zPIV.) Once this is sent from one user to another it shows up as PIV with no recollection of it becoming zPIV.


Instant transactions.

Using a network of masternodes, swifttx transactions are confirmed and spendable within seconds with no need to wait for confirmation.

CodeBase: PoS 3.0 Bitcoin Core 0.10.x

With this code base, proof-of-stake allows anyone to get the most out of staking by keeping your wallet up at all time.

Strengthening the network by resulting in more available nodes.

See-Saw Rewards Mechanism

Based on the number of coins held for masternodes and amount of coins available for staking on the network allows for variable rewards based on the needs of the network.

Keeping the network masternodes and security evenly distributed for reward.

This creates a see-saw effect where they balance out.


Masternodes allow nodes to offer network service abilities in a decentralized and efficient manner.

This requires 10,000 PIV as collateral allowing the owner to vote on budget and development proposals.

Because this makes the structure of PIVX network, they are rewarded more than just regular proof-of-stake users.

What We Think of This Cryptocurrency

PIVX is a privacy coin that offers the user a few awesome features.

With routing through TOR, masternodes, PoS, and their other features it certainly is an interesting coin.

While we aren't hodlers yet, we may investigate and invest in the future.

If you liked this review and want to help support the academy donate some Pivx below!





What Is Steemit (Steem)? A Digital Currency and Publishing Platform

What is Steemit (Steem)? A Digital Currency and Publishing Platform STEEM Coin Price   STEEM Dollars Price   What Is Steemit? A Quick Summary Steemit is a blockchain based platform that allows publishers to be rewarded for their content in a decentralized model. Essentially, it is a blockchain based Cryptocurrency paying medium. Publishers can be…


What Is Decred Coin (DCR) | Autonomous Digital Currency

What is Decred Coin (DCR)? DCR Coin Price What is Decred? A Quick Summary Decred is an autonomous digital currency built with scalability and decentralization as main components. Using a ground up build, it’s aiming to help make on chain scalability and this complete open-source currency available for individuals, groups, and companies. The History of…

Dash Cryptocurrency Review

What Is Dash Cryptocurrency?

What is Dash Cryptocurrency? DASH Coin Price What is DASH? A Quick Overview Dash is currently ranked in the top 10 cryptocurrencies per coinmarketcap.com and is a great privacy coin to watch. Today we are going to dive into how dash was created, what it is for, what we think of it, and how you…

Verified on Po.et

February 23rd 2018, 14:33