PIVX stands for Private Instant Verified Transaction. Licensed by MIT, PIVX is an open-source, blockchain-based cryptocurrency allowing ultra-fast transactions, low fees, high network decentralization, and excellent security. Also included in the PIVX price are Zero Knowledge cryptography proofs that can be used for industry-leading transaction anonymity. PIVX was the first cryptocurrency to use a directly spendable Zerocoin protocol with an industry-first, Zerocoin-capable Proof-of-Stake consensus algorithm (zPoS), that allows complete user privacy of account balance and transaction history while staking. PIVX has three ownership reward programs for holders of the PIVX token price: masternodes, PIV staking, and zPIV staking.
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