PIVX is a cryptocurrency project focused on anonymous transactions, high security, and fast performance thanks to the Proof of Stake consensus mechanism and the SHIELD protocol.
The project aims to become a safe, private daily payment currency, integrating many features such as Masternodes, staking, decentralized governance, and various utility products.
MAIN CONTENT
PIVX uses SHIELD technology with zk-SNARKs to ensure completely anonymous transactions.
The Proof of Stake 2.0 mechanism helps save energy, supports Cold Staking, and operates Masternodes.
The project is community-driven, has a DAO governance system, and does not raise funds from large investment funds.
What is PIVX?
PIVX is an open-source project developed from Dash, focusing on transaction security and user privacy, using the Proof of Stake consensus mechanism instead of Proof of Work to optimize energy and processing speed.
The special point is that PIVX integrates the SHIELD protocol based on zk-SNARKs, enabling completely anonymous transactions of sender, receiver, and amount. Additionally, the project also supports Masternodes, staking, and decentralized governance.
What are the standout features of PIVX?
Considered one of the pioneering projects in anonymous security, PIVX uses the SHIELD protocol with zk-SNARKs to conceal all transaction information.
PIVX successfully developed the SHIELD protocol to provide absolute private transactions on the cryptocurrency network.
furszy – PIVX's lead developer, 2024
PIVX's advanced PoS mechanism allows users to stake starting from 1 PIVX and supports Cold Staking, enabling delegated staking without needing an online wallet. Masternodes operate with a requirement to lock 10,000 PIVX, ensuring stable network operation with attractive rewards.
PIVX's decentralized DAO governance system allows the community to submit proposals and vote, ensuring transparency and sustainable development for the entire network.
What are the main products of PIVX?
PIVX provides the Core Wallet on both desktop and mobile, fully supporting sending and receiving, staking, managing Masternodes, and participating in DAO governance.
The Desktop version serves users with advanced needs such as operating Masternodes and staking.
The Mobile version features a friendly interface, security, and convenient QR code payment integration.
What is a Masternode in PIVX?
Masternodes are a central element of the PIVX network, operating by locking 10,000 PIVX as collateral. Masternodes are responsible for confirming transactions, accelerating transactions, and participating in system governance.
How is the SHIELD protocol implemented?
SHIELD uses zk-SNARKs to completely anonymize all transaction components, including the sender, receiver, and amount of PIVX transacted. This is a significant advancement in privacy protection on the Blockchain.
What role do I2P & Dandelion++ play?
PIVX integrates I2P to hide IP addresses, along with Dandelion++ to reduce traceability of transaction footprints, enhancing user security and privacy.
How does the PIVXPay payment gateway work?
PIVXPay is a decentralized payment solution developed by the community, helping businesses easily integrate PIVX payments in e-commerce and in physical stores.
Overview of PIVX Token and Tokenomics?
PIVX Token is a utility and governance Token on PIVX's own blockchain, with a fixed total supply of 93,188,163 PIVX. Each block creates 10 PIVX, with 4 rewards for stakers and 6 for masternodes.
Transaction fees are burned to reduce inflation, helping to effectively control supply and maintain Token value.
Tokens are used for staking purposes, operating masternodes, rewards, and voting fees in the DAO governance system.
How are PIVX Token wallets and exchanges?
PIVX can be stored on Ledger Nano S/X hardware wallets and PIVX Core software wallets, supporting Cold Staking to help users stake safely without needing to keep an online wallet.
PIVX Token is traded on major exchanges such as Binance, Bittrex, MEXC, KuCoin, ensuring liquidity and convenience for investors.
What are the notable points in the PIVX project development roadmap?
PIVX continuously updates to upgrade the SHIELD protocol, releasing the Core Wallet version 5.6.0 with improvements in performance and security, as well as developing new features for Masternodes like LLMQs and Masternode identity lists.
Who are the team, investors, and partners of PIVX?
PIVX operates based on an open-source and decentralized model, maintained by the community and a global development team, not controlled by a single company or individual.
The standout team includes Snappy managing the community, furszy developing the core wallet and security protocol, along with many contributors in technical and marketing roles.
The project does not conduct ICOs or raise funds from investment funds, but operates based on block rewards and the DAO budget from community proposals, demonstrating financial autonomy and transparency.
PIVX is a symbol of community strength in developing cryptocurrency based on principles of decentralization and transparency.
PIVX development team, 2024
Regarding partnerships, PIVX collaborates with many reputable wallet and exchange platforms, while also integrating with the Web3 ecosystem to expand utility and increase applicability.
How is the summary of the PIVX project?
PIVX is a pioneering project in private payments, using Proof of Stake 2.0 and the modern SHIELD protocol to protect users. With a DAO governance model and decentralized operation, PIVX is sustainably developed without relying on large investment funds.
The project maintains a stable ecosystem and a loyal community, which is the foundation for the long-term survival of the coin in the increasingly competitive cryptocurrency market.
Note: The content of this article is not investment advice.
Frequently asked questions about PIVX
What makes PIVX different from other cryptocurrency projects?
PIVX stands out with SHIELD technology that enables completely anonymous transactions and uses energy-efficient Proof of Stake 2.0, while sustainably developing based on the community.How to become a PIVX Masternode?
You need to lock 10,000 PIVX as collateral and operate a Masternode on the network to receive rewards and participate in governance.Which wallet supports PIVX best?
The PIVX Core Wallet (desktop and mobile) officially fully supports features along with hardware wallets like Ledger Nano S/X.Is PIVX traded on major exchanges?
Yes, PIVX is currently listed on Binance, Bittrex, MEXC, KuCoin, and many other reputable exchanges.What is the next development roadmap for PIVX?
The project focuses on upgrading the SHIELD protocol, improving the wallet, and expanding Masternode features to ensure security and network efficiency.
Source: https://tintucbitcoin.com/pivx-pivx-la-gi/
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