What Is PIVX?

Private transactions and a Proof-of-Stake algorithm separate this cryptocurrency from the rest.

5 minute read

PIVX (Private Instant Verified Transaction) was launched in February 2016 as a fork of DASH, primarily due to philosophical differences. While Dash is pushing for mass adoption of cryptocurrency as its primary goal, the PIVX team wanted to work further towards making transactions more private. The two coins are still very similar from a technical perspective. PIVX has a 60 second block time compared to Dash’s 2.5 minutes, but both also offer “instant” transactions for a nominal fee.