$PIVX
#pIVX coin
PIVX coin is a privacy-focused cryptocurrency that utilizes advanced cryptographic protocols to provide secure and private transactions. Here are the key details:
Key Features
- *Private Transactions*: PIVX employs the Zerocoin protocol and zk-SNARKs Sapling technology to ensure transaction confidentiality and user anonymity.
- *Decentralized Governance*: PIVX operates as a Decentralized Autonomous Organization (DAO), allowing token holders to participate in decision-making processes and vote on proposals.
- *Staking and Masternodes*: Users can stake their PIVX to secure the network and earn rewards or operate a Masternode to participate in network governance and earn higher yields.
Technical Details
- *Consensus Algorithm*: PIVX uses a Proof of Stake (PoS) consensus algorithm, promoting energy efficiency and accessibility.
- *Block Time*: A new block is created every 60 seconds, with 5 new PIV created per block.
- *Reward Distribution*: 2 PIV per block is paid to the staker, 3 PIV per block is paid to the Masternode, and 1 PIV per block is allocated to the Treasury Budget.
Market Data
- *Current Price*: $0.1466 USD, with a 1.33% 24-hour price change
- *Market Capitalization*: $14.03 million
- *Circulating Supply*: 95.69 million PIVX coins
- *Maximum Supply*: Not fixed, with estimates suggesting 125,929,497 PIV by June 2040 and 189,001,497 PIV by June 2060
Benefits
- *Financial Data Protection*: PIVX prioritizes user financial data protection through its advanced cryptographic protocols.
- *Community-Driven*: PIVX's DAO structure ensures that the community has a significant say in the project's direction and development ¹.
