Core mobile & light wallet developer, Furszy, has achieved the first ever mainnet #Zerocoin mint from a mobile wallet.
— PIVX (@_pivx) July 21, 2018
The Zerocoin protocol provides the PIVX network with a protocol-level coin mixing service using zero-knowledge proofs to create untraceable and anonymous transactions. Zerocoin works to convert publicly viewable PIV into an anonymous PIV, coined ‘zPIV.’ Each time a user mints zPIV, the original PIV is burned. When a user sends zPIV, it appears in the receivers wallet as regular PIV without history. This makes PIV completely fungible.
While still early, this can be considered a significant step toward the creation of a more dynamic, private mobile wallet that will ultimately allow users to better leverage their PIVX holdings on the go.
PIVX’s coin price has been relatively flat over the last month, dropping from $2.02 to $1.90. The project now has a market cap of $108 million.
More On PIVX
PIVX is a privacy coin that leverages a customized Zerocoin Protocol for instantaneous, private transactions and a proof-of-stake (PoS) consensus mechanism with a network of masternodes to create a better system of governance. (more)
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.