Seemingly out of nowhere this unknown and new to the scene cryptocoin has managed to defy the odds and rise to the fourth highest trade volume on Bittrex. Almost overnight this coin's value has doubled and then doubled again. This isn't your Dogecoin or Litecoin or some other name that's been thrown around for years. This is PIVX. The Private Instant Verified Transaction coin. A name that few can agree on how to pronounce but all are in unison when it comes to it's value and potential.
PIVX started out with humble roots originally named Darknet Coin because it's focus was on privacy and anonymity. This coin has gone through a massive rebranding operation over the past year to build itself into something even greater. The startup was slow but since the beginning of this year it has been gaining more and more traction. PIVX has taken the best parts of DASH and improved upon them even further. Transactions that complete in seconds, obfuscation built right into the wallet, they are the first coin to implement BIP38 encryption/decryption of private keys, and there is even a see-saw reward mechanism that helps to balance out who gets rewards. If more coins are being used to stake then the majority of a reward will be awarded to a masternode. If more coins are invested into the masternodes then the majority of the reward will be awarded to those staking. It is implemented to keep everything balanced and incentivize both sides.
Aside from the things that have already been implemented the future looks even brighter for this coin when we see what plans are in store. An encrypted chat system built into the wallet to encrypt any communication, U2F integration for even more increased security, and most importantly full-time Zerocoin Protocol. Once implemented this would mean that all transactions will be utilizing this protocol for the utmost security. These are just a few of the exciting features that are coming to PIVX. And even without these in place yet this coin has already skyrocketed itself towards the front of the pack.
Many people have yet to even hear the name PIVX. This is largely in part because it is still making it's way into the mainstream. Each day the community works with new exchanges and marketplaces to get this coin implemented everywhere it can. It's slack channel is over 400 members strong, each doing their part to raise awareness of the coin and teach new members anything they can about setting up their first wallet or even their first masternode. It is a community that works together. Just by word of mouth this coin has been spreading like wildfire. In one year it is already up 1,390%. That is a figure investment bankers can only dream about. This coin has a marketing team that is working on spreading the word even more so you know that this is just the beginning. There is a very exciting road ahead for PIVX. Make sure you get on this rocket before it really takes off.