PIVX describes itself as ‘a pioneer in Proof of Stake (PoS) technology and an MIT licensed, open-source, decentralized blockchain-based cryptocurrency focused on achieving fungibility, transaction privacy, community governance, network scalability, and real-world utilization. It aims to become one of the most technically advanced globally-accepted online digital currencies. The team is currently working on a new Privacy Protocol.
PIVX: The New Privacy Coin on the Block(chain)
PIVX (or Private Instant Verified Transaction) is a privacy-centric Proof-of-Stake cryptocurrency forked from DASH. The PIVX Manifesto focuses on community governance and a decentralized project from the technology itself to how project proposals are voted on and implemented.
As the name implies, PIVX is attempting to build a usable digital means of exchange that is easy to spend privately and securely in everyday life. To this end, the main focuses of development are minimizing transaction times and fees while maintaining privacy and security.
The PIVX community is vibrant and global, with active populations on all of the major chat platforms (Discord, Reddit, BitcoinTalk, etc.) as well as a public roadmap and lots of resources for interested investors and community members to learn about the technology and get involved.
The core team welcomes participation from anyone willing to put in the time and effort, and all community proposals are entertained, discussed, and voted on by invested community members.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.