🔴Private Instant Verified Transaction (PIVX) is an open-source decentralized digital currency that focuses on privacy, launched on February 1, 2016, under the name Darknet (DNET) before being professionally rebranded to PIVX. The initial distribution phase of Proof of Work (PoW) ended in August 2016, when DNET transitioned to the current Proof of Stake (PoS) phase.📈📉🚀
PIVX operates on the Blackcoin PoS 2.0 protocol, which is based on the Bitcoin core script 0.10.x. It utilizes a network of main nodes to conduct publicly visible decentralized governance and enhance transaction privacy.
The main goal of the PIVX currency is to achieve near-instant private transactions and governance that aids in the sustainability of the network for the benefit of all concerned users. While we are on our way to achieving this, some features are still under development and should appear in the near future.