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Good day dear visitors of the site cryptoknows. By the title of the article you have probably realized what cryptocurrency will be discussed now. Very confidently growing and reliable cryptocurrency PIVX inspires hope to repeat the success of cryptocurrency dash, all potential reasons for this success further in the article. The official website of the project:
PIVX coin was launched initially as a Darknet (DNET) coin. The coin was released in January 2016. Was a hardfork from the Dash coin. The rebranding of the coin took place in March 2017. Now PIVX is a completely independent coin with its own strong community, its own developers with its own rewritten code and with its own rules of the PIVX network.
- The PIVX network works on the proof of stake algorithm instead of the energy-consuming proof of work on which the “mastodons” of the cryptocurrency world such as bitcoin, dash, monero and many other digital currencies are now working. In simple words, cryptocurrency mining on the proof of stake algorithm occurs not in complex farms with video cards and “asics”, but directly in your wallet on your computer.
- The proof of stake scheme looks very attractive, first of all because of small requirements to computational resources, and also because there is no question of wasted power.
- Speed of block creation. In the PIVX network, blocks are created every minute, while the bitcoin block creation speed is ten minutes.
- Transactions are confirmed in a double way. First, the transaction must be confirmed by the masternode, and then the same transaction is confirmed by the coin holders. That is, ordinary coin holders who have not installed a masternode. What is a masternode? A masternode is essentially a large, large-scale miner. To install a masternode, you must have at least 10,000 PIVX coins in your account. A masternode is one large node that validates transactions. The cost of transaction in the PIVX network is very low, the commission is a few cents. There is also support through the anonymous network tor.
Cryptocurrency PIVX its advantages
The PIVX coin is great for settlement with its fast transactions. The digital currency is made truly easy to use. It is perfect for people who have little knowledge of cryptocurrencies and computer technology in general.
PIVX wallets are easy to use and everything is intuitive. In addition to using the coin as currency, you can also use PIVX coins for passive income. All you need to do is to freeze your coins on your wallet, and after that, you start receiving passive income, they act as “confirming” transactions in the network. Despite the constant growth of the coin, you still get a stable income.
PIVX Coin Analysis
This is a chart of PIVX coin price growth over the last 3 months and we can observe a gradual, steady growth of the cryptocurrency in the long term. PIVX is showing itself to be quite strong and stable coin. Also a great advantage and great potential for further price growth and populization of the coin is that now the cryptocurrency PIVX is traded on several major exchanges.
Perpetual and reliable cryptocurrency PIVX will show itself only in the best light. It is only waiting for a positively adjusted price growth chart line, because behind this technology currency and a very experienced and professional team.
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