Buy Pivx in India

Since the platform operates on the Proof of Stake (POS) system, it does not support mining as a procedure to earn PIVX coins from the network. Instead, the system calls upon users to stake their coins on master nodes and use it as collateral in order to verify and anonymize transactions and also vote on community proposals. The user with the highest stake has the highest probability to earn rewards from the network in the form of PIVX coins, although all users eventually earn some rewards from the system. The process of staking also results in the release of new blocks in the blockchain and any individual can stake their coins on the node irrespective of the amount staked. The block time of PIVX stands at around 1 block every 60 seconds. The expected returns from the blockchain can be calculated using a Return Calculator which is developed by the members of the PIVX community.

Unlike most of the cryptocurrencies, PIVX aims at making transactions that occur on their platform not only secure but 100 percent anonymous as well. The PIVX platform is considered a custom version of the Zerocoin platform which also supports anonymous transactions. Although the platform is highly motivated by Zerocoin’s design, the PIVX network is still mostly custom built and provides faster transactions than their contemporaries while charging minimal to no fee (the Zerocoin system provides anonymity to its users for an increased fee rate). The PIVX network automatically mines anonymous coins in order to keep the network secure and private by ensuring there are enough anonymous coins circulating in the network. Besides that, even users of the platform can convert their normal PIVX coins into private coins which are referred to as zPIV tokens. These coins can be used by members to make anonymous transactions on the PIVX network while providing the acceptor of zPIV coins to accept the tokens as normal PIVX coins.

PIVX also has a system called SwiftX through which users can conduct transactions almost instantly and can spend the newly acquired PIVX coins in just seconds of being sent. The platform also boasts an extremely low block time of just 60 seconds and a global network of master nodes that ensures that all transactions on the network are verified instantly while charging negligible transaction fees that value at just a fraction of cents.

Since its inception in 2016, the cryptocurrency steadily grew until April 2017 when the rates of PIVX coins in Bitcoins spiked from 0.0001 to 0.000862. After that, in a span of a few days, the Bitcoin value of the PIVX spiked again and jumped at 0.00169 Bitcoins. The rates fell at 0.0008 after a few months and remained erratic for a few more months until December 2017 when the price of the PIVX coins in USD, as well as the market cap of the cryptocurrency, spiked tremendously. By the end of December, the price of PIVX coin in USD stood at $12.47 USD and the market cap stood at $688,309,810 USD. But after the 2018 cryptocurrency market crash, the PIVX coin was hugely affected like every other cryptocurrency and the market cap of PIVX dropped at $47,235,417 USD. As of 14th July 2020, the market cap of PIVX stands at $25,751,747 USD while the price of PIVX coin in USD is $0.453 USD.