Seemingly out of nowhere this unknown and new to the scene cryptocoin has managed to defy the odds and rise to the fourth highest trade volume on Bittrex. Almost overnight this coin's value has doubled and then doubled again. This isn't your Dogecoin or Litecoin or some other name that's been thrown around for years. This is PIVX. The Private Instant Verified Transaction coin. A name that few can agree on how to pronounce but all are in unison when it comes to it's value and potential.
PIVX started out with humble roots originally named Darknet Coin because it's focus was on privacy and anonymity. This coin has gone through a massive rebranding operation over the past year to build itself into something even greater. The startup was slow but since the beginning of this year it has been gaining more and more traction. PIVX has taken the best parts of DASH and improved upon them even further. Transactions that complete in seconds, obfuscation built right into the wallet, they are the first coin to implement BIP38 encryption/decryption of private keys, and there is even a see-saw reward mechanism that helps to balance out who gets rewards. If more coins are being used to stake then the majority of a reward will be awarded to a masternode. If more coins are invested into the masternodes then the majority of the reward will be awarded to those staking. It is implemented to keep everything balanced and incentivize both sides.
Aside from the things that have already been implemented the future looks even brighter for this coin when we see what plans are in store. An encrypted chat system built into the wallet to encrypt any communication, U2F integration for even more increased security, and most importantly full-time Zerocoin Protocol. Once implemented this would mean that all transactions will be utilizing this protocol for the utmost security. These are just a few of the exciting features that are coming to PIVX. And even without these in place yet this coin has already skyrocketed itself towards the front of the pack.
Many people have yet to even hear the name PIVX. This is largely in part because it is still making it's way into the mainstream. Each day the community works with new exchanges and marketplaces to get this coin implemented everywhere it can. It's slack channel is over 400 members strong, each doing their part to raise awareness of the coin and teach new members anything they can about setting up their first wallet or even their first masternode. It is a community that works together. Just by word of mouth this coin has been spreading like wildfire. In one year it is already up 1,390%. That is a figure investment bankers can only dream about. This coin has a marketing team that is working on spreading the word even more so you know that this is just the beginning. There is a very exciting road ahead for PIVX. Make sure you get on this rocket before it really takes off.
You are certainly right about it going up so fast recently. How much chatter is there on the social networks on this? You have to wonder if this isn't also benefiting from the current crypto craze as so many crypto's are doing well.
So besides a whitepaper on the technology and the techno wizards who understand all of that, what is the marketing hype and who is really behind this coin?
Sounds interesting, but I still need to learn more about it.
There's been more and more talk pretty recently, mostly over the past week or so. They are trying to get a budget for their marketing team so in the meantime it's pretty much been word of mouth and community members working together on twitter campaigns and articles. Word on the street is that Poloniex will be adding it here soon and then it should really be taking off once that's confirmed. I'm sure the recent pump in all of the coins has helped quite a bit but this coin was very undervalued before that took place. A lot of these coins will eventually correct and I think that's where PIVX is going to push ahead.
https://pivx.org/pivx-team/ That is the official team, some of them are aliases since it is a privacy centered coin. The hype is mostly because nobody knows about it, it's only trading on Bittrex at the moment and there is a huge potential for what it can do. Privacy is the biggest feature with this coin, and when you have coins like Bitcoin where you can track transactions back through the blockchain or Dash where they've teamed up with a company to mark coins as "dirty" so they can't be spent and you might get stuck without even knowing it, this is a coin that's doing something about it. Arguably you could say any coin has potential but if you see the community you'll understand how this one is different. Just taking part in the slack channel you can tell this isn't going to be another pump and dump scheme because everyone wants to make the next best coin, something that will be useful.
If you want to learn more I suggest you come by the slack channel, you can sign up here http://slack.pivx.org/ everyone is super helpful and can answer any questions you might have.
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