Review on PIVX by Danh Huỳnh Ngọc Công
Top privacy cryptocurrency Pivx
Pivx is among one the best privacy coins with many technologies that serve the purposes to keep the privacy and anonymity. There is also a very great economics that protect the price of this coin making it not so inflationary as it seems. To be honest, I can hardly find any advantage of this coin so it receive a five-star review from me
Updated 5 years ago
Rating changed from 5 to 4
Negative point: Currently, ZCash, Dash, and Monero are the most popular privacy coins on the market with good reputation. There are not many obvious reasons to switch to Pivx.
Pros
- - PIVX is a coin that protect the privacy and anonimity of users by the implementation of many technologies such as Coinjoin protocol, zPIV and Zerocoin protocol. Users will not need to worry about any issues causing by their identities being traced
- - The network of PIVX is powered by PoS and zPoS consensus algorithm which means that the system immunes from 51% attacks
- - Blocktime is extremely low thanks to a protocol that was exclusively designed for Pivx - SwiftX. Also, transaction fees are really low (about 0.0001 PIVX) with the protocol
- - Pivx is a open-sourced project so the community who support it is able to conduct development around this project
- - The masternodes in Pivx blokchain are incentivized to maintain the network and enhance the anonymity of the transactions. What's more, every development of this blockchain is casted only from voting process.This brings about a decentralized Pivx blockchain
- - Pivx is traded widely on a lot of cryptocurrency exchanges so its liquidity is healthy
- - zDex is a decentralized exchange that is built on Pivx to allow private transactions from the investors to the masternodes
- - A great economics is behind this coin
Cons
- - Unlimited coin supply is a big problem as people are afraid about the inflation
- - Masternodes on Pivx blockchain can turn out to be malicious and read through all the information of the transactions
