Considering that all data about us (passport, phone number, name of relatives, etc.) Can be found in open sources of information, credit card data intruders can either steal or buy in the darknet, and the state has unlimited access to your transactions, and more sadly, at any time can block your accounts or withdraw the amount due to payment of fines and taxes (And everything would be nothing, but often you really owe the state nothing, and the money from you was withdrawn by mistake), And social media and messaging are watching us ostensibly to fight terrorism. In today 's world, practical people do not have the right to freedom (of course, it is an extremely multifaceted philosophical issue that needs to be studied and discussed, etc.), to freedom of choice and privacy, although these are fundamental human rights.
And 2017 gave mankind hope in the face of crypto. The fact is that all blockchain networks imply a high level of security and some degree of confidentiality. Yet as recently as last year, the rules changed slightly. To buy crypto at a good rate, you need to register on a good stock exchange, and it will require you almost a receipt of payment for the apartment. In addition, all your transactions can be tracked in a public blockchain, where there are addresses of the recipient 's and sender 's wallets, transaction amounts and your balance sheet. We also remind that the Tax Office of the USA at the end of November 2017 won a court against the exchange Coinbase, requiring the transfer of information about 14,355 users who between 2013 and 2015 exchanged Bitkoins for more than $20 thousand.
It turns out that after all not very confidential. That is why in 2017 so-called anonymous currencies with different degrees of protection began to be in particular demand. Obviously, demand for them will not fall in 2018. The most popular of the anonymous currencies are Monero, Zcash, Dash and Verge. We talked about most of them, so today we decided to share our thoughts on a less famous confidential coin, namely, PIVX. Recently it is often called the main competitor of Monero, however, it is poorly believed. Let 's figure it out.
PIVX or Privacy Instant Verified Transaction is an open source decentralized cryptocurrency that is created to provide additional user privacy.
PIVX was created on February 1, 2016 thanks to the fork of the crypto Dash. At the very beginning, PIVX was called Darknet and worked on the Proof of Work protocol for the first half of the year (then the transition to PoS was made). However, in early 2017 the rebranding was dubbed and the coin was named PIVX. Now, PIVX uses the PoS 2.0 roll-in protocol, and its code base is based on Bitcoin Core 0.10.x. This crypto uses a network of master nodes for transparent and decentralized management and improved anonymity.
As for the team, it is unknown. The section of the same name on the site PIVX lists only members of the community, so-called contenters, who make a significant contribution to the development of the network. And it should be noted that the community of this crypto is quite active. The fact that the team does not have a "face" is rather a plus in this case, as literally no one will look if the government of the United States or any other country does decide to organize a "head hunt."
PIVX Anonymity
As for anonymity, like Monero, PIVX offers its own anonymous transaction protocol. To hide addresses, the project team uses a special version of the Zerocoin protocol. By the way, unlike Zcash and Dash, users are promised complete anonymity. The lock analysis does not help to find out the address of the recipient or sender. To spend anonymously on PIVX, you must first transfer your PIVX tokens to zPIV, and only then make the transaction you would like to hide.
PIVX Features
There is no fixed number of coins, 4% inflation is provided;
Coin holders participate in transaction confirmation;
Unlike Dash, not only master nods have the right to vote on the network, but also all members of the network;
Fast transactions and minimum fees;
Thanks to PoS3 .0, the unit award is distributed as follows - 90% go to commission nods, and the remaining 10% - to support developers;
The Commission distributes the Seesaw dynamic distribution system among the nods;
Open Source;
High level of decentralization.
The Shortcomings and Future of PIVX
Last year this coin even managed to be in the 10 place in the rating of crypto from Coinmarketcap, however, quite quickly descended on the 54. At the same time, its growth was 142,000%, which is 57 times more than Monero. Therefore, it was PIVX that became the record holder among anonymous crypto, but everything has shortcomings. In the case of PIVX, this is a huge number of new coins appearing on the market, shortcomings of the PoS algorithm, lack of strong impulses for price growth, unpopular among ordinary traders, highly specialized purpose.
But! This coin is extremely promising for use by crypto, as today the most famous Monero and Dash do not give full protection, and the only credible player in the market is Verge. So if you 're interested in anonymous coins, then PIVX is one of those that can be in your portfolio as a long-term investment. In addition, it is a coin even more "for use," not for playing on the stock exchange. And if you answer the question whether PIVX will be able to become a competitor of Monero, everything here is ambiguous, because in some things PIVX has already exceeded Monero, and in some things it is unlikely to be able to do it at all. In general, PIVX is a noteworthy project that occupies a worthy place in the row with the most famous anonymous projects.
Either way, it 's up to you! Before you buy any coin, be sure to study the entire undergrowth of the project, as well as to relate the essence of the coin to your goals and desires.
Where to buy
At the moment, you can purchase PIVX tokens at the following trading sites - Upbit, Bittrex, Binance, Cryptopia, Coinroom, LiteBit, CoinExchange, YoBit, Livecoin, CryptoBridge, Bisq.
How to Store
If you still decided to purchase PIVX coins, the most reasonable solution will be to download a desktop wallet on the project website. There are versions for Windows, Mac and Linux. For those who prefer mobile versions, there is an official Android wallet available on the site, or you can use Coinomi 's wallet, which has coin support.
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