Hey guys, another crypto article coming your way. Today I will be posting about PIVX. PIVX is an acronym for Private Instant Verification Transaction. PIVX is currently ranked 39th overall in the total crypto market. The price has recently pulled back to the $3.38 range USD. Recently it was slightly above $4 USD. PIVX has very fast block times of 60 seconds and allows users to use instant transactions. Each transaction is verified and confirmed by PIVX Master-nodes. This prevents fraudulent transactions.
An important feature of PIVX to many users is privacy. The PIVX wallet has mixing features that cut the owner from their coins. This prevents other people from knowing how much PIVX or which PIVX you are sending out to someone. On top of that PIVX will be implementing the Zero coin protocol in the near future to further help with privacy. This will make transactions 100% anonymous. Zero knowledge proofs will be part of the Zero coin protocol. Zero knowledge proofs allow transactions to occur with the only public knowledge info being that money was sent or received. People will not be able to see how much was sent and people will not be able to see your wallet balance.
PIVX is Proof of Stake. This means that you can leave your wallet open (but encrypted) to earn new PIVX. The more PIVX that you hold, the more likely you will stake new PIVX. This encourages holding and prevents dumping of PIVX, because you are essentially rewarded by not selling your PIVX. I currently own and stake PIVX and lately I have been getting daily stakes. I am Long PIVX. I feel that once Zero Coin is implemented the price will increase significantly in value (this is my honest opinion, not financial advice).
Well there you have it. Let me know what you think about PIVX. Are you staking, holding, trading, or selling? Thanks for reading and stopping by.
Take care and stay safe out there,
Pete