Review on PIVX by Fanuel PORPORTY
PIVX: The new private cryptocurrency
PIVX (or Private Instant Verified Transaction) is a Proof-of-Stake type cryptocurrency focused on the protection of privacy. The PIVX manifesto focuses on community governance and a decentralized project, from the technology itself to the way project proposals are voted on and implemented.
As the name suggests, PIVX strives to build a workable digital medium that is easy to use in everyday life. To this end, the main objective of development is to minimize transaction time and costs while preserving confidentiality and security.
The PIVX community is dynamic and global, with populations active on all the main chat platforms (Discord, Reddit, BitcoinTalk, etc.) as well as a public roadmap and many resources for interested investors and members of the community who wish to become familiar with technology and get involved…The core team is open to the participation of anyone willing to devote time and effort, and all community proposals are reviewed, discussed and voted on by community members.
Pros
- The PIVX team wants its portfolio to be your bank and to help you manage your funds for safe shopping and shipping. They do whatever it takes to take the latest security measures and want the PIVX wallet to become the cornerstone of storing digital resources.
- The PIVX network allows the production of 2.6 million PIVX tokens per year, with 90% of the total intended for wallets and Masternodes (staking is discussed in the following section), and 10% to finance the budget proposals voted by the Masternodes and the Stakers.
- Unlike Dash and Zcash, PIVX can be completely anonymous, preventing blockchain analysis from revealing recipients and senders.
Cons
- Some states have announced plans to fight anonymous cryptocurrencies. Their future may therefore be threatened in the more or less near future.
- Many scammers convert stolen cryptocurrencies into an anonymous cryptocurrency and you can no longer go back to them.
