What is Private Instant Verified Transaction?

"PIVX, Private Instant Verified Transaction, is a privacy-focused, decentralized, open source cryptocurrency run by a global community run by creators, innovators, and technology enthusiasts."

- PIVX.org
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General

TICKER SYMBOLS
PIVX
AGE
3 years old (February 01, 2016)
CURRENT PRICE
$0.668798
Updated 24 seconds ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$14.09
Last year
CIRCULATING SUPPLY
56,781,166 coins
Updated 6 minutes ago via coinmarketcap.com
MARKET CAP
$37,609,006
Updated 5 minutes ago
CO-FOUNDER
"s3v3n h4cks"
CO-FOUNDER
"Coin Server"

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Built-in Inflation (2,628,000 coins per annum)
PRE-MINED / RESERVED
Yes (60,000 coins)
CONSENSUS MECHANISM
Proof of Stake (PoS)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
CURRENT BLOCK REWARD
5 coins
HASHING ALGORITHM
Quark
DIFFICULTY ADJUSTMENT
Every block (~1 minute)
1
piv (PIV)
1
zPIV (zPIV)

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