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Why Privacy Coin PIVX’s Optional Private Transactions are a Game-Changer in Cryptocurrency

By PIVianX | PIVianX | 9 Jun 2023


PIVX, or Private Instant Verified Transaction, is a privacy-focused cryptocurrency that was launched in 2016.

The PIVX team believes that privacy is a fundamental human right, and that privacy is essential for the long-term success of cryptocurrency.

PIVX’s Optional Private Transactions are enabled by a technology called SHIELD, which is based on zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge). zk-SNARKs is a privacy-enhancing technology that allows users to prove that they have knowledge of something without revealing what that knowledge is.

PIVX uses masternodes to provide additional network security and governance. Masternodes are nodes that provide additional services to the network, such as instant transactions and voting rights in the PIVX ecosystem.

PIVX also uses a decentralised governance system called the PIVX DAO (Decentralised Autonomous Organisation). The PIVX DAO allows users to propose and vote on changes to the PIVX ecosystem, which helps ensure that the community has a say in the future direction of the project.

READ Full Original Article here :

Why PIVX’s Optional Private Transactions are a Game-Changer in Cryptocurrency

 

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