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Top 5 cryptocurrencies by unprofitability for 09 29 2022 Binance Bybit PIVX PIVX Tael WABI openANX
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Top 5 cryptocurrencies by unprofitability for 09.29.2022 Binance Bybit PIVX (PIVX) Tael (WABI) openANX (OAX) QLC Chain (QLC) AirSwap (AST) btc.
AirSwap (AST) AST/BTC -8.61%
QLC Chain (QLC) QLC/BTC -9.65%
openANX (OAX) OAX/BTC -11.55%
Tael (WABI) WABI/BTC -12.60%
PIVX (PIVX) PIVX/BTC -13.64%
PIVX (PIVX) a cryptocurrency With Decentralization, Fungibility, Privacy, And Community Governance.
PIVX is a Proof-of-Stake (PoS) blockchain-based cryptocurrency created in 2016. At its core, it relies on fungibility, transaction privacy, and community governance.
Initially built on the Zerocoin protocol, PIVX pioneered its staking reward model with a two-tier model featuring both private staking (offering additional financial rewards) along with the regular (public) staking. A second layer masternode network exists, and each masternode requires 10,000 PIVX coins to participate in community governance voting.
Since January 5th 2020, its Proof of Stake algorithm has been updated (PoS Time Protocol v2) along with new features such as Cold Staking.
On February 9th 2020, PIVX revealed its new privacy protocol plan, i.e., its custom integration of Sapling, which will replace its now-defunct Zerocoin protocol, scheduled for release in late 2020.
PIVX, Private Instant Verified Transaction(Tx), is an MIT open-source licensed, decentralized Proof of Stake (PoS) blockchain-based cryptocurrency.PIVX focuses on transaction privacy, fungibility, community governance, and real-world use.At its core, PIVX relies on the following key characteristics:
Dash/Bitcoin core source-code: PIVX was based on Dash’s source-code, itself forked from Bitcoin’s source-code, which has since been enhanced with a customized PoS algorithm and a dedicated privacy protocol.
Customized Proof of Stake algorithm: it aims to improve both decentralization and energy efficiency, besides the introduction of a community voting governance system, with the sole aim of fulfilling its manifesto to become: “the ultimate people’s fungible cryptocurrency”. Since its transition from PoW to PoS in August 2016, PIVX has been a blockchain relying on block generation solely from its Proof of Stake consensus algorithm. Block issuances are done by the stakers, i.e., holders of PIVX held in a PIVX wallet.
Masternode network: PIVX also includes a second-tier masternode network that allows users to set up a specialized full-node wallet if they hold 10,000 PIV as collateral. These masternodes participate in decentralized treasury voting governance, and in return, receive a portion of the block reward (3 PIV vs. 2 PIV for stakers). This system is actively utilized, and many proposals are paid out by the treasury each month in a fully decentralized manner.
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