What is PIVX Cryptocurrency and Why Its Important
PIVX is an acronym for Private Instant Verified Transaction(X). PIVX is a transactional security and privacy-focused decentralized open source cryptocurrency.
What does that mean?
It means that at its core, PIVX is designed, engineered, and evolving with the best practices and developments to ensure your transactional security and privacy.
Ok, so what does that mean?
It means we believe that you have the right to exchange privately and securely, without interference from corporatocracy pressures, governmental influences, prying eyes, and nefarious individuals and movements. It means that we believe in this modern age it’s time to allow individuals to exchange and use their wealth how and when they want, with a peace of mind that their transactions are occurring in a rapid fashion, and in a private and verified manner.
Launched on Feb 1st, 2016 under the name of Darknet (DNET), after developments and increased community involvement, it was decided to professionally rebrand and officially change the name to PIVX to more accurately reflect the underpinnings of the community ideals and ideologies being hard coded into the cryptocurrency.
The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved. While we are well on our way to achieving this, some of the features are under development and should appear in the near future
what about 0X ?
0x will prevent users from having to pay transaction fees by reducing the reliance on the blockchain, there is an opportunity for 0x to charge for use. However, 0x doesn’t charge fees of any type to use their protocol; it is free.