Sunday February 28, 2021
Bitcoin (BTC) $44,876.00   Ether (ETH) $1,356.70
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Vendor Technology

PIVX now has 20% of coin supply converted to anonymous zPIVs

Published by CryptoNinjas.net
08/27/2018
PIVX now has 20% of coin supply converted to anonymous zPIVs

Today, the team of cryptocurrency PIVX reported that it has now crossed a milestone with over 10 million PIV converted to zPIV, which accounts for nearly 20% of its coin supply, making it the largest anonymous set of any coin that uses the Zerocoin protocol.

This feature provides the ability to keep balances completely private by simply converting PIV into zPIV.

Thanks to the mobile/light wallet core developer known as Furszy, spending and minting zPIV through mobile will also become a reality very soon.

The team emphasized that “for a while now, people in the privacy cryptocurrency space have frowned upon non-mandatory privacy. Their claim is that not enough people will use the privacy transaction features or keep their balance private when not spending. The 10+ million zPIV supply of PIVX proves otherwise.”

Incentivizing Privacy

Another crypto first developed by the PIVX team was “zPoS” (Zerocoin Proof of Stake) – a fully private staking mechanism allowing users to stake their zPIV and privately earn 3 zPIV as a reward when they win a block, instead of the public 2 PIV block reward when staking PIV using PoS.

PIVX is now nearing 20% in zPIV supply.

PIVX further explained:

The Zerocoin protocol works where the higher the supply of zPIV (divided in accumulators of 1 zPIV, 5 zPIV, 10 zPIV, etc.), the better the privacy. If a user would spend 1 zPIV, the anonymity set that the protocol uses to secure and ensure privacy is currently above 66,000. Just looking at the 1 zPIV denomination set, PIVX has a larger set size in total than all the accumulators combined in Zcoin. This is largely achieved by the innovation of zPoS and the consistent improvement of the original Zerocoin protocol.

The total number of zPIV is only expected to grow, as many improvements to zPIV and zPoS are in the pipeline. The most requested improvement, by many users, is precomputed proofs, which will greatly improve zPIV spend times and improve zPoS efficiency. Soon to follow will be Bulletproofs to significantly decrease its proof sizes and create a trustless setup.

 

11
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Cryptocurrency exchange LATOKEN lists PIVX token
Token Offerings/Listings

Cryptocurrency exchange LATOKEN lists PIVX token

03/16/2020
Cryptocurrency PIVX releasing power-packed v4.0.0 core wallet this week
Wallets

Cryptocurrency PIVX releasing power-packed v4.0 core wallet this week

12/16/2019
Exobit
Featured

PIVX releases new crypto management platform Exobit

09/30/2019
Pivx Core Wallet
Featured

Crypto project PIVX releases brand new, next generation wallet

07/17/2019
Community driven cryptocurrency PIVX launches foundation for charitable contributions
Blockchain Assets

Community driven cryptocurrency PIVX launches foundation for charitable contributions

06/04/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version