[ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN

[mapie88]

Im eyeing on PIVX since some time now, but havent decided yet if I want to invest or not. Can someone tell me what makes PIVX a good investment? I know that it is a privacy coin, but what distinguishes it from other anonymous coins? Hope someone can give me a quick explanation of the benefits.

I will quote EleanorZ's post from a few days ago, that points out very well all of Pivx's unique features:

Different tech. The following highlights a few of PIVX's unique features as compared to other privacy coins; it's not meant to say 'DASH sucks' or whatever; just highlight differences. I also don't claim this to be an exhaustive or authoritative list; others may have more to add.

- Anonymization: XMR (and XSPEC) use(s) ring signatures. PIVX, like DASH, uses CoinJoin. As of about a month ago, PIVX uses Zerocoin protocol in addition to the privacy features it shares with DASH. The Zerocoin implementation will continue to evolve; for example, deterministic zPiv generation will be rolled out soon.
- Block time: PIVX is among the fastest. 60s for PIVX, vs. also 60s for XSPEC, vs. 120s for XMR, vs. 150s+ for DASH. Both DASH and PIVX also use InstantSend.
- Algorithm: XMR = PoW (CryptoNight); DASH = masternodes + PoW (x11); XSPEC = full-time PoS only; PIVX = full-time PoS + masternodes. (*see note below re: PoS)
- Governance: DASH and PIVX both have masternode voting, whereas XMR and XSPEC do not. Uniquely, PIVX incorporates a 'see-saw' mechanism to balance the value of staking vs. running a masternode: The more MNs are in operation, the lower the reward and the greater the benefits of staking, and vice versa. New voting/governance proposals are currently under evaluation, with the goal of further democratization (i.e., voting shouldn't be exclusively in the hands of masternode holders).
- Supply: Currently, just under 8 million DASH, ~15.5 million XMR, ~21 million XSPEC, and 55 million PIVX. All are theoretically inflationary, but various factors will keep their supplies from increasing to infinity. For example, transaction fees on the PIVX network are burned, meaning that PIVX actually has the potential to become deflationary.
- Other features of PIVX: In-wallet multi-signature escrow; Android and (soon) iOS wallets; plans for a decentralized exchange (zDEX); support of 30 (and counting) languages; active community (not so much on BCT but on Slack/forum); reliable devs; no past controversies ala DASH's 'instamine'.

Basically, XMR goes for privacy at the expense of convenience as a currency (ring sigs are computationally intense). DASH, like Bitcoin, was the first of its kind and has brand recognition and market share despite not necessarily being the most advanced technology, and again at the expense of some convenience as a currency (slow block times). PIVX strives to build on DASH, improve on it, and incorporate stronger anonymity features (Zerocoin protocol), while ALSO maintaining convenience as an actual currency (fast block times, low tx fees, etc.). XSPEC is earlier in its development cycle, but is more or less trying to be to Monero what PIVX is to DASH.

TL;DR: PIVX is faster than DASH or XMR and, with the implementation of Zerocoin protocol, is as/more secure. It has a unique solution to community governance, and strong plans for continued development and real-world adoption.

Someone else will have to address your PoS version # question.

*Re: PoS https://www.reddit.com/r/CryptoMarkets/comments/7du73v/promoting_asic_resistance_in_2017_is_like/?st=jalplu9i&sh=4aac68e3

**edited re: Fuzzbawls' comment below.

Thanks a lot mate, this helped me out here. Great to have this direct comparison with the other privacy coins. I guess it wont hurt to invest some money into PivX, the potential seems pretty good. What I really like is the idea of burning fees and therefore the capability of PivX to become deflationary as more the the currency is used. Thats kinda genius!

All the credit to Eleanor Thank you for investing and believing in PIVX

There is also a nice infographic on Twitter that compares PIVX to Monero and Zcoin
https://pbs.twimg.com/media/DQVhNXNUEAAAOci.jpg:large

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[Nyrhalibe]

PIVXpress - Hosted by Bryan (Snappy) of PIVX detailing breaking updates and milestones including
https://www.youtube.com/watch?v=aI5X8aMWoD0

[LemonAndFriesOne]

My wallet forked, I am rescanning the blockchain but would it be better to just start from scratch?

For future reference.

[DRPD]

My wallet forked, I am rescanning the blockchain but would it be better to just start from scratch?

For future reference.

i would load a snapshot from here
http://178.254.23.111/~pub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html

so you don't have to resync from scratch

just my 2 zpiv's and keep it purple 

[LemonAndFriesOne]

My wallet forked, I am rescanning the blockchain but would it be better to just start from scratch?

For future reference.

i would load a snapshot from here
http://178.254.23.111/~pub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html

so you don't have to resync from scratch

just my 2 zpiv's and keep it purple 

Thanks

[alexvilis]

PIVX Now First Coin to Offer Both PoS and Total Privacy with Zerocoin Protocol

https://btcmanager.com/pivx-first-coin-to-offer-both-pos-and-privacy-with-zerocoin-protocol/

[noobtrader]

this coin is soo much better than litecoin or monero yet the price still stagnant at 4.7 it should be at least 10x or 20x more than that.

[bathrobehero]

this coin is soo much better than litecoin or monero yet the price still stagnant at 4.7 it should be at least 10x or 20x more than that.

You say that but PIVX is growing super fast and more importantly very consistently. And it also had majos issues that were just fixed a couple of weeks ago.

Only look at the green line ($USD value) to ignore BTC swings:



PIVX will continue the trend regardless of other crypto's swings and news.

[rebal15]

this coin is soo much better than litecoin or monero yet the price still stagnant at 4.7 it should be at least 10x or 20x more than that.

You say that but PIVX is growing super fast and more importantly very consistently. And it also had majos issues that were just fixed a couple of weeks ago.

Only look at the green line ($USD value) to ignore BTC swings:



PIVX will continue the trend regardless of other crypto's swings and news.

the red line helps the green line, who knows what will happen to BTC price!!.

[GoogleBit]

PIVX is only going up, since start. That's a fact!
And the target of 500.- U$ per PIVX will be reached in no time, I bet my grandmother.

[ealarry]

I like the POS project, history of similar projects will not do too bad, if I put the coin in the wallet, causing the minimum reward time?

[Hanna_Money]

Has the issue with the steiking of coins in the zerocone already resolved? The developers promised to make this option.

[EleanorZ]

I like the POS project, history of similar projects will not do too bad, if I put the coin in the wallet, causing the minimum reward time?

Staking is a random process, but on average you will usually receive ~2 - 4 Piv/10,000 Piv/Day.

Has the issue with the steiking of coins in the zerocone already resolved? The developers promised to make this option.

That's not really an 'issue'--the plan was always to get zPiv working now and add staking later. Yes, the plan is still the same, and zPiv staking will be released in future.

For now, you can only stake normal Piv. You can easily convert zPiv back to normal Piv for staking: https://microcapcrypto.com/convertzpiv/

However, the wallet will automatically convert 10% of your balance to zPiv unless you include 'enablezeromint=0' in your .conf file.

[TheMuppet]

I believe PIVX could hit 1-2 billion in market cap in the next year or so.

Their customer support has been amazing and they've really continued to bring solid value to the project.

Fingers crossed!!

[LoveCrypto30]

I believe PIVX could hit 1-2 billion in market cap in the next year or so.

Their customer support has been amazing and they've really continued to bring solid value to the project.

Fingers crossed!!

I believe so as well

[LEILO]

My wallet forked, I am rescanning the blockchain but would it be better to just start from scratch?

For future reference.

i would load a snapshot from here
http://178.254.23.111/~pub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html

so you don't have to resync from scratch

just my 2 zpiv's and keep it purple 

I had the same problem and I downloaded a new wallet put in old wallet dat. File and all my 496 minted coins are gone....I did a recent backup before updating....did I loose my minted/ staked coins.

[dmanicus]

My wallet forked, I am rescanning the blockchain but would it be better to just start from scratch?

For future reference.

i would load a snapshot from here
http://178.254.23.111/~pub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html

so you don't have to resync from scratch

just my 2 zpiv's and keep it purple 

I had the same problem and I downloaded a new wallet put in old wallet dat. File and all my 496 minted coins are gone....I did a recent backup before updating....did I loose my minted/ staked coins.

If your wallet was forked the 496 coins are not on the real blockchain, so yes you lost them, but you never actually had them in the first place.

[shoesworkflow]

What is the date of ICO?

[mapie88]

What is the date of ICO?

Of what ICO are you referring to? PIVX wasn't created with an ICO. Read the first page of the ANN if you want more info about it.

[fredericos]

PHORE is so much more decentralized than PivX.

See how the top adresses in PivX owns most masternodes, it is crazy.


Get in PHORE while its cheap because i think PHORE might just run by PivX in marketcap. Phore is in for a 10-50x increasw once market and privacy smart contracts is released.