Binance
Voyager
Voyager
Binance

PIVX (PIVX), privacy coin that leverages a customized Zerocoin Protocol, announced last week that one of its core developers had achieved the first-ever Zerocoin mint on a mobile wallet.

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.

CoinCodex

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)

🚀  Chainalysis: Daily Darknet Bitcoin (BTC) Transactions Doubled Last Year
In-Depth: PIVX: A Privacy Cryptocurrency Focused on Governance

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.

Voyager