PIVX (Private Instant Verified Transaction), formerly known as Darknet offers an upgraded DASH v0.12.0.x clean fork based cryptocurrency with custom Proof of Stake (PoS) code and a community focused governance system (Community Designed Governance). The open source cryptocurrency platform has replaced the previous Proof of Work (PoW) consensus algorithm to bring private, instant and verified transactions to the masses. PIVX is a fork of Dash.
I am relatively new to alt coins and I find PIVX extremely exciting for a few reasons;
- when you join the PIVX community you have a say in its development. They take governance seriously and transparency is a prime objective.
- through the PIVX wallet you can stake your coins and earn coins in return. With 10,000 PIV you can run a masternode. From what I understand 50% goes back to you if your running a masternode and 40% if your staking.
- decentralized and privacy a critical factor in the development of PIVX.
- Transactions are fast and your participation improves efficiency.
PIVX reminds me of the SETI project when I was a kid. Ideologically, I believe in this project and whats great is that we all stand to make money along the way. If you haven't checked it out or haven't seen the volume that PIVX is trading with than do yourself a favor and take a moment to do so.