When PIVX, which means Private Instant Verified Transaction, was originally developed and forked from DASH in February 2016, it was originally called Darknet (DNET). But unlike DASH, it is a Proof-of-Stake cryptocurrency with an enhanced POS mechanism. After the fork, with more community involvement, it was named to PIVX in January 2017 to reflect the underlying vision, mission and ideal. After its rebranding and improved marketing efforts, excluding ICO and premine, PIVX increased by 54,118.75%, which is an unrealistic performance. To put that into perspective, if you had invested a nominal € 100,- you would now have more than € 54,000,- from that one investment. PIVX has no maximum amount of coins to be issued, such as Bitcoin or DASH. But PIVX’s offer is increasing by about 2.6 million each year.
PIVX’s pillars are focused on privacy, freedom, technology and positively driven management. In doing so, they are trying to achieve their goal of decentralization, close to direct private transactions and a model of community-based governance that makes it better than DASH and other cryptocurrencies.
