PIVX Algorithm Development Company

1. PIVX ALGORITHM DEVELOPMENT COMPANY www.developcoins.com

2. Once the talk about Bitcoin had gone viral, all the inquiring techie and business experts think and decided to launch various types of crypto coin based on their business purpose. From education to gambling we’ve seen all kinds of crypto projects emerging in rapid-fire succession. One of the mainstream ideas that gained traction was the idea of decentralized cryptocurrency development, and of course, we’ve already known about on PIVX. Yes, If you’re reading this you probably know about PIVX already. And most likely you are aware that the PIVX technology – no matter how significant and promising it is – still has multiple purposes that needs addressing asap.

3. When talking about PIVX blockchain’s ultimate goals, two topics come to mind straight away: decentralization and privacy. However, it’s also fair to note that both of these are focused topics and mutually exclusive. Now, let’s talk about the technical term that PIVX blockchain technology is getting more viral day by day compared with other crypto coins. They are of course fast, secure, private, and stable. Overview of the content: What is PIVX? Why PIVX Algorithm? What is PIVX Core Specification? How Does PIVX Work? What Are the Benefits of PIVX? What is a PIVX Masternode?

4. What is PIVX? PIVX is a cryptocurrency, a form of electronic cash. It is a decentralized cryptocurrency without a central bank or single administrator that can be sent from user to user on the peer-to-peer PIVX blockchain network without the need for intermediaries. Key Metrics: Launch Date: January 31st, 2016 Block Time: 60 seconds Block Size: 2mb

5. Key Metrics: • Launch Date: January 31st, 2016 • Block Time: 60 seconds • Block Size: 2mb • Total Coin Supply To Date: 55 million • Circulating Supply: < 30 million. This is due to masternode collateral (10,000 PIV per masternode) being locked in escrow as well as any staking wallets holding PIV off exchanges. • PIVX Transaction Fee: < $0.001 (for Normal sends), < $0.01 (for Private sends)

6. Understanding PIVX – What is PIVX in-depth? At its simplest, PIVX is either virtual currency or reference to the technology. Private Instant Verified Transaction, or PIVX (also previously called as DNET), is a peer-to-peer open-source cryptocurrency that introduced as a code from DASH, a privacy-focused cryptocurrency. PIVX is the cryptocurrency that is lead by a manifesto and majorly focuses on secure, decentralization, privacy, and its usage in the real world, which makes it a community-centric cryptocurrency. PIVX operates its own budget funding and governing model, which allows the whole network to pay every person as well as allow businesses to perform activities to plan some value to the network.

7. How does PIVX work? PIVX is depended on Bitcoin core 0.10.x source codebase. It’s the first proof-of-stake (PoS) cryptocurrency build on version 0.10 or higher of the Bitcoin open source code base. It uses a network of master nodes to implement a host of network services, as well as coin mixing for increased transaction privacy, near-instant transactions with SwiftTX, and a decentralized system of governance with immutable blockchain proposal and voting setup.

8. PIVX Masternodes: Masternodes are paid a part of the reward from every block for the services they support. This can serve as a static source of income to the owner of a masternode and help offset their operating costs. To inspire an even reward distribution between masternodes and staking nodes, PIVX uses a Seesaw Reward Balance System to dynamically adjust the block reward size.

9. Why PIVX Algorithm? Bitcoin uses a so-called POW algorithm. This needs its ‘miners’ to spend resources to secure the entire network. These collateral come in the form of computing power which needs a lot of electricity. PoW (Proof-of-Work) algorithms use this spend computing power as a means to help trust in the network, but it does so at considerable cost to our environment. To facilitate trust in a more efficient manner, PIVX uses a PoS (Proof of Stake) algorithm. Related to the rewards that miners receive in a PoW algorithm when they work on the security of the network, a Proof of Stake algorithm rewards stakers for their hard works. However, the calculations that stakers require to do are far less difficult than those done by miners on a PoW algorithm. Proof of stake does not use expended computer power as a way to facilitate trust, but rather has its stakers show ownership of coins in order to sign blocks of transactions.

10. PIVX Core Specification • Consensus Algorithm: PoS + zPoS Hybrid • Block size: 2 MB • Block Time: 60 Seconds (Re-targeting every block) • Transactions per second: 173 TPS (current theoretical maximum) • Mine-able: No • Stake-able: Yes (Earn block reward from coin ownership) • Masternode Support: Yes, 10,000 PIV per masternode

11. What Are the Benefits of PIVX? PIVX is also energy efficient than other Proof of Work (PoW) crypto coins like Bitcoin due to the PoS consensus algorithms. There is also a network of masternodes that manage the PIVX blockchain. Masternodes guide the network and can vote on decisions regarding the future development of the crypto coin. There is also self-funding storage that releases funds for the new development of the PIVX blockchain.

12. Unique Features of PIVX • PIVX is an anonymous P2P cryptocurrency. • PIVX is running towards Private Instant Verified Transactions as its default transaction. • PIVX uses immutable Blackcoin’s enriched Proof of Stake 3.0 protocol instead of PoW. So it is more efficient in keeping the network secure than PoW. • PIVX is Community Driven. • PIVX has incredibly low transaction fees that are typically a fraction of a penny due to the PoS efficiency. This means it is perfect for micro-transaction business pricing models that previously existed using Bitcoin.

13. Where Can I Create PIVX Algorithm Based Crypto Coins? PIVX Algorithm based cryptocurrencies are a specific form of digital currencies that function as decentralized mediums of value exchange. Utilizing blockchains as the backbone of their architecture, innovative techniques, and distributed computing consensus models, cryptocurrencies are able to function outside of the traditional fiat monetary system. So, if you want to create your own crypto coin using on PIVX algorithm then you must find out the best cryptocurrency development companies which support for a diverse range of hashing algorithms, particularly PIVX Algorithm. At Developcoins, we have technical experts specialized in PIVX Algorithm and develop new cryptocurrency using this prominence algorithm.

14. About Developcoins - PIVX Algorithm Development Company As a leading cryptocurrency development company, we provide advanced end-to-end blockchain and cryptocurrency development services. We understand the trend of the PIVX technology moving forward and offer cutting edge solutions for your coin creation project requirements. We expertise in developing customized cryptocurrency development solutions for all industries. Our cryptocurrency developers are having years of experience and have developed coins and tokens for various enterprises using various hashing algorithms. Our cryptocurrency development services include Smart Contract Development, Digital Tokens, Custom Blockchain Development, White-label Cryptocurrency Exchange Software and more.

15. If you are looking for something even more in detail about PIVX Algorithm development please consult our blockchain experts @ skype - live:bitzbillo or Whatsapp - +91 9843555651

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