Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 70. (Read 782359 times)

Hi,
If transaction fees in Pivix network are burned what is the reward for stakers?

Hi,
If transaction fees in Pivix network are burned what is the reward for stakers?

Im eyeing on PIVX since some time now, but havent decided yet if I want to invest or not. Can someone tell me what makes PIVX a good investment? I know that it is a privacy coin, but what distinguishes it from other anonymous coins? Hope someone can give me a quick explanation of the benefits.

Different tech. The following highlights a few of PIVX's unique features as compared to other privacy coins; it's not meant to say 'DASH sucks' or whatever; just highlight differences. I also don't claim this to be an exhaustive or authoritative list; others may have more to add.

- Anonymization: XMR (and XSPEC) use(s) ring signatures. PIVX, like DASH, uses CoinJoin. As of about a month ago, PIVX uses Zerocoin protocol in addition to the privacy features it shares with DASH. The Zerocoin implementation will continue to evolve; for example, deterministic zPiv generation will be rolled out soon.
- Block time: PIVX is among the fastest. 60s for PIVX, vs. also 60s for XSPEC, vs. 120s for XMR, vs. 150s+ for DASH. Both DASH and PIVX also use InstantSend.
- Algorithm: XMR = PoW (CryptoNight); DASH = masternodes + PoW (x11); XSPEC = full-time PoS only; PIVX = full-time PoS + masternodes. (*see note below re: PoS)
- Governance: DASH and PIVX both have masternode voting, whereas XMR and XSPEC do not. Uniquely, PIVX incorporates a 'see-saw' mechanism to balance the value of staking vs. running a masternode: The more MNs are in operation, the lower the reward and the greater the benefits of staking, and vice versa. New voting/governance proposals are currently under evaluation, with the goal of further democratization (i.e., voting shouldn't be exclusively in the hands of masternode holders).
- Supply: Currently, just under 8 million DASH, ~15.5 million XMR, ~21 million XSPEC, and 55 million PIVX. All are theoretically inflationary, but various factors will keep their supplies from increasing to infinity. For example, transaction fees on the PIVX network are burned, meaning that PIVX actually has the potential to become deflationary.
- Other features of PIVX: In-wallet multi-signature escrow; Android and (soon) iOS wallets; plans for a decentralized exchange (zDEX); support of 30 (and counting) languages; active community (not so much on BCT but on Slack/forum); reliable devs; no past controversies ala DASH's 'instamine'.

Basically, XMR goes for privacy at the expense of convenience as a currency (ring sigs are computationally intense). DASH, like Bitcoin, was the first of its kind and has brand recognition and market share despite not necessarily being the most advanced technology, and again at the expense of some convenience as a currency (slow block times). PIVX strives to build on DASH, improve on it, and incorporate stronger anonymity features (Zerocoin protocol), while ALSO maintaining convenience as an actual currency (fast block times, low tx fees, etc.). XSPEC is earlier in its development cycle, but is more or less trying to be to Monero what PIVX is to DASH.

TL;DR: PIVX is faster than DASH or XMR and, with the implementation of Zerocoin protocol, is as/more secure. It has a unique solution to community governance, and strong plans for continued development and real-world adoption.

Someone else will have to address your PoS version # question.

*Re: PoS https://www.reddit.com/r/CryptoMarkets/comments/7du73v/promoting_asic_resistance_in_2017_is_like/?st=jalplu9i&sh=4aac68e3

**edited re: Fuzzbawls' comment below.

Anyone here can show me how to join PIVX slack ? I've lost all of my coin after upgrading to a new wallet and now I want to find my missing coins

https://forum.pivx.org/t/im-not-able-to-find-my-old-pivx-wallet-version/2852/6

Hey Hey Folks,

Some more updates if you missed them:

New (non mandatory) wallet updates are available (https://github.com/PIVX-Project/PIVX/releases
Notable Changes

Automated Database Corruption Repair

More Accurate Error Messages

Reduction of Debug Log Spam

Removal of Heavy Running Transaction Search Code


Sync Fix for Block 908000


Working Testnet


zPIV Spending Fix

Yup!  Upbit (apparently) has not released their API's yet (that is what CMC informed me)....thus, CMC hasn't added them yet.

Do we know why CoinMarketCap still isn't listing UPbit?

excellent THanks for the update I will update my wallet it have been stuck for weeks. Also how many do you need for a masternode?

Hey Hey Folks,

Some more updates if you missed them:

New (non mandatory) wallet updates are available (https://github.com/PIVX-Project/PIVX/releases
Notable Changes

Automated Database Corruption Repair

More Accurate Error Messages

Reduction of Debug Log Spam

Removal of Heavy Running Transaction Search Code


Sync Fix for Block 908000


Working Testnet


zPIV Spending Fix


-------
ALSO:

on Upbit (Korean Exchange) we are seeing upwards of $30-$40million in volume trades a DAY for PIVX.  This is a really, really good sign and indicator there is a LOT of movement occurring (and wildly, still outside the knowledge of many folks in the US/Europe/Etc). 

All good stuff folks

on Upbit (Korean Exchange) we are seeing upwards of $30-$40million in volume trades a DAY for PIVX.  This is a really, really good sign and indicator there is a LOT of movement occurring (and wildly, still outside the knowledge of many folks in the US/Europe/Etc). 

Here ya go folks.  Why (to me) there is an incredible emerging trend and I believe breakout for PIVX.

Multiple factors emerging for #PIVX.
- 1) CMC isn't showing nearly 1000BTC/24hr trades occurring on South Korean Exchange (combined BTC-PIVX and KWR-PIVX pairings) https://upbit.com/exchange?code=CRIX.UPBIT.BTC-PIVX

-2) Trade and trend analysis for the next 1-14 days pushing PIVX into a compression wedge (at the same time that volume is building). https://www.tradingview.com/chart/PIVXBTC/ECfsFWBA-PIVX-BTC-short-mid-term-analysis-Compression-Release-Pending/

-3) Views on PIVX.org website have shot up 4-5x this past week around 20-30k views a day now.

-4) iOS app wallet is about to launch.

-5) New zPIV (zerocoin) implementations coming including zPIV staking
----

As always, dyor when thinking about any type of trade/etc.

That said, if I am looking at the charts and what's about to pop, 70k might be the new support for PIVX in the very near future.