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Summary
Type
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State
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Country
Worldwide
Founded
2016
Dlt Type
Blockchain
Exchanges
n/a
Regulator
N/A
Blockchain
Own network
Product Stage
Completed
Blockchain Necessity
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OTC Index Position
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CoinMarketCap Position
250
Last ReportLast Report
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Financial Summary
Price
$0.22
Fair value
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Market cap
$12,509,624
24H Change
-0.15%
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There are no reports written about this project yet, but you can request one here, or even publish your own here.
About project
⦁ The name is an acronym for Private Instant Verified Transaction(X). PIVX is a transactional security and privacy driven decentralized open source cryptocurrency. PIVX was launched on February 1st, 2016 under the name of ‘Darknet’ (DNET). PIVX features PoS, Masternodes and no premine. It is among the few currencies without an ICO. Transactions can be conducted without others tracing back who the sender is, how much he has and who he’s transacting with. Instant Transactions: SwiftX technology allows PIVX to be used for point-of-sale situations where a locked payment is sent and confirmed 5 times in less than a second, while not being exposed to double spends that other cryptocurrencies are susceptible to.
The Masternodes are nodes running the same wallet software on the same blockchain to provide extra services to the network.  These services include:
⦁ Anonymization increased privacy of transactions
⦁ Instant transactions
⦁ A decentralized governance
⦁ A decentralized budgeting system
⦁ Immutable proposal and voting systems
For providing such services, masternodes are also paid a certain portion of reward for each block. This can serve as a passive income to the masternode owners minus their running cost. To promote an even ratio between staking nodes and masternodes in the network, the PIVX team has developed a variable Seesaw Reward Balance System that dynamically adjusts its block reward size between masternodes and staking nodes. Each PIVX PoS block reward is split with 10% dedicated to the budgeting system and 90% dedicated to both the masternodes and stake mining reward.
Core team
JS
Eric Stanek
Governance Sherpa
 
JS
s3v3n h4cks
Chief Visionary
 
JS
Coin Server
Sys Admin
 
JS
Mrs X
Developer
 
JS
Chad Ballantyne
Marketing
 
JS
Crypto S.I
Governance Guru
 
JS
Snappy Snap
Strategic Development
 
JS
Jakiman
Ambassador
 
JS
Fuzzbawls
Developer
 
JS
slimjim
Community Support
 
JS
Presstab
Developer
 
JS
Mikedub
Energy Sherpa
 
JS
Jeffrey Guapos
Community Guru
 
JS
Cryptofrygirl
Cryptojunky Queen
 
JS
poorboy
Support
 
JS
turtleflax
Support
 
JS
Sieres
All-rounder
 
JS
Alen
Gatekeeper
 
JS
Fused_Helios
PIVX Class
 
JS
Furszy
Developer
 
JS
Evan
Support
 
JS
Jeko
French Ambassador
 
JS
Crypto-Ray
Instructional Video Guru
 
JS
Thuggins
Support
 
Advisors & CM
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