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What is zDEX?
In a nutshell: zDEX will allow people to buy our zPIV using other currencies.
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In case you don’t know what zPIV is: it’s a zero knowledge proof of PIV ownership. One of our latest innovations. We were the first to implement the Zerocoin protocol in a Proof of Stake coin and it made PIVX the most privacy-centric coin on the market. If you want to know more about (the basics) of the Zerocoin protocol then this PIVX Class post might interest you.
When we are finally ready to implement zDEX it will facilitate buying and selling of completely anonymized zPIV with zero history without in-wallet registration. A private decentralized exchange if you will.
Take a moment to really think about what this means. It will enable PIV holders to mint zPIVs and put them on the market which could result in potentially higher demand for PIVX to supply more zPIV to sell on zDEX. Who would buy these zPIV? People who want privacy.
It’s still a while away so nothing is set in stone but this is the main idea of it. We hope you’ll be looking forward to it as much as we do!