The price of PIVX has increased 74% in the last 24 hours and continues to rapidly rise past the 1$ mark at the time of writing, in fact the coin has grown exponentially in the last 30 days with a 24 hour trading volume exceeding $4 million.
If you’re not familiar with PIVX, it’s time to get acquainted as everyone in the world of cryptocurrency is taking notice of what is happening with this interesting coin.
PIVX, formerly known as Darknet started life as a fork from DASH v0.12.0.x core and uses custom PoS.
Whilst speculators initially assumed PIVX was a brief pump-and-dump, these rumours have been quickly squashed with a very transparent and supportive core team, very promising trading volume and features planned by the developers such as integrating with Zerocoin to make PIVX truly anonymous and private.
Another planned feature which would crown PIVX the ultimate anonymous coin would be the implementation of the TOR network.
Unlike most other altcoins, PIVX is not subject to that many people selling their stash while the price is going up. A lot of people run their own master nodes, which are an integral part of the PIVX ecosystem. To run such a master node, users need to own 10,000 PIVX.
PIVX has eliminated the dependency on resource intensive hardware for mining, like in the case of other PoW cryptocurrencies. The platform’s latest PoS 2.0 algorithm allows any device running wallet, irrespective of hardware to take part in the staking process and earn rewards.
Take a look at the PIVX whitepaper: https://pivx.org/what-is-pivx/white-papers/