PIVX

PIVX (Private Instant Verified Transactions) is a decentralized cryptocurrency launched in 2016 as a fork of Dash, with a focus on privacy, speed, and governance. It aims to provide users with private, near-instant transactions while retaining a verifiable, community-driven governance model.

PIVX operates on a proof-of-stake consensus mechanism supported by a network of masternodes. Masternodes provide services similar to InstantSend and PrivateSend features, allowing quick transactions and enhanced privacy while enabling governance participation. The project uses Private Transactions (PTX), built on a zerocoin-style mechanism, through which users can mint and spend private coins (zPIV) to obfuscate transaction history. SwiftTX is used to accelerate transaction confirmations without sacrificing privacy.

The governance framework is an integral part of PIVX. Masternodes participate in voting on protocol upgrades and a treasury budget system, which funds community proposals. Emission comes from staking rewards rather than a fixed supply cap, and masternode operators secure the network with collateral as part of the operational model.

The codebase is open-source and primarily written in C++. The project maintains client wallets and node software for multiple platforms, relying on a decentralized community for development, testing, and deployment. PIVX emphasizes user privacy, community governance, and sustainable, stake-based security as its core pillars.

PIVX remains active with ongoing development, periodic network upgrades, and community engagement, supported by a global network of users, developers, and exchanges that list the token.