Private Instant Verified Transaction

The Token PIVX is a digital currency that operates on a decentralized blockchain. It uses a combination of proof-of-stake (PoS) and a custom version of the Zerocoin protocol, which allows users to make private transactions. The PIVX token, denoted as PIV, serves as the medium of exchange within the network and is used for transaction fees and rewards.

The Project PIVX is not just a cryptocurrency but also a project that aims to establish a decentralized autonomous organization (DAO). The goal of the PIVX project is to create a self-sustaining economic model that empowers its community by enabling them to participate in the decision-making process. The PIVX community can propose and vote on changes to the network, which could include decisions on budget allocation, development, or marketing strategies.