PIVX claim to be a pioneer in PoS transaction. PIVX have made a significant contribution towards making usability and adaptability far better via an improved Qt user interface, which was recently built from scratch. The major focus area of the PIVX project is privacy.
PIVX stands for Private Instant Verified Transaction (TX). They are MIT licensed and they operate as a decentralized blockchain based cryptocurrency which is focused on fungibility, community governance, transaction privacy, and network scalability providing for real-world utilization. PIVX thus focuses to become one of the most technically advanced and globally-accepted online digital currency.
A common query doing the rounds is on why $PIVX is going with Zcash Sapling Groth16? It keeps several investors wondering why not something new or unique? The answer probably is that there is no “zkp privacy protocol” which has gone through as much of high-visibility, mainnet run-time along with scrutiny from the cryptographic community.
Sydney Ifergan, the Crypto Expert tweeted: “There have been a lot of updates about the PIVX Roadmap Features. It seems like in baby steps they cover giant distance.”
The Feature 9 of the Roadmap of PIVX talks about multi, signature sporks, where the security and decentralization is improved with the use of multiple signatories providing improved protection against potential internal attacks or mistakes.
The Feature 10 of the Roadmap of PIVX talks a deprecated code clean up where the bloats will be reduced by removing the unused and unessential codes like the old accounting system, zerocoin protocol, and ZLNP.
The Feature 11 of the Roadmap of PIVX talks of an Enhanced governance tab which will help users to monitor live proposals. They will be able to easily vote on the Masternode owner from the QT wallet’s graphic user interface.
The Feature 12 of the Roadmap of PIVX talks about an In-Wallet Proposal Creation, which will likely add to more of an accessible and user-friendly interface in the Qt wallet meant for the creation of the PIVX budget proposals, which the community will be able to review and also vote on.
The numbers of owners of PIVX Masternodes is on the rise. There are about 1652 master nodes on nearly 1345 servers from 39 countries. A new step by step Masternode set up guide is already live.
The first week announcement about the PIVX Development Update was about new privacy protocol announcement, new dev update Discord channel, upcoming 4.1 wallet release, HD wallet v2, and more!
While the PIVX seem to be focusing on being the privacy protocol, they are keen about becoming a global cryptocurrency.
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