PIVX zPoS: Zerocoin Protocol zPIV Proof of Stake Private Staking System is Here
In the world of crypto-currency, change is inevitable. After all, Bitcoin raised the bar and the set the standards of what digital currency can do. Now there is a familiar player in the game who is bringing more to the world of digital currency.
In 2017 PIVX introduced Zerocoin. The first of its kind digital currency that surpasses all other crypto-currencies. PIVX provided exceptional privacy while allowing users information to remain completely anonymous. To be great, one must evolve, and so PIVX took their already popular technology and enhanced it even further, introducing zPoS.
zPoS vs. PIVX
PIVX isn't a new player in the game of digital currency. They launched on January 31, 2016. The masterminds behind PIVX were two members from the DASH community who saw the potential of DASH and wanted to expound on it. Instead of using DASH's ‘proof-of-work' system, they wanted a more realistic approach. Also seeing how privacy is such a significant concern for many investors, they rolled with the idea of making the first anonymous currency that allows for staking while staying behind the curtain. Enter zPoS which is a hybrid molded from the same model as PIVX
zPoS came about as a means to allow users to be anonymous while allowing staking rewards. Unlike other digital currencies that force a user to pick between remaining hidden or earning rewards through staking, zPoS broke the wall which enables the user to do both simultaneously.
The Wave of the Future
To put things into perspective, imagine you have a $100 bill in a see-through plastic wallet. Everyone knows you have it and anyone at any given time can see the shape of the bill and if it is crisp and clean or old and tattered.
Now, imagine having that same bill in a leather wallet. No knows you have it, but you and you can do with it what you will without any prying eyes spying on what you do with your money. That is what PIVX is to digital currency. They have developed a way for you to keep your earnings and stakes private from the world while earning interest.
zPoS is in a nutshell, stealth staking. zPoS users will have the ability to remain private despite having coins in their wallet. No other PoS coins have this level of capability right now, and PIVX is leading the way to a new age of digital currency.
How Do You Use zPoS?
Using zPoS is as simple as using PIV. The only difference will be the ability to earn higher rewards. The new block system with zPIV will be 50% larger than the parent company PIV staking rewards.
With zPoS introduced, PIVX will be able to feed the accumulators with new Zerocoins that will ensure active changing anonymity. With this new protocol in place, zPIV will be virtually impossible to track or trace. Every time a zPIV is staked, that zPIV will generate four new denominations. This will potentially allow three zPIV block reward every 60 seconds without a user manually having to mint zPIV.
As with any new system, word of mouth needs to help propel it into the population. The parent company PIV voters decided to restructure the block reward to encourage people to try out the new zPoS system. The new system will reward stakers who use zPIV with a 50% higher share of the block reward.
The PIV staking consisted of 3 PIV to masternodes where 2 went the PIV staker and 1 to the budget. With the new zPoS system, the zPIV system is separated with 2 PIV to masternodes, three zPIV to the staker and 1 PIV to the budget.
Jump On Board
So when it comes to crypto-currencies and looking for the most significant opportunity right now, zPoS from PIVX has to be it. But if you need reasons to jump on board then check out:
— PIVX (@_pivx) May 9, 2018
$PIVX zerocoin conversion has surpassed 8 million now. That's over 14.25% of total coin supply now minted into zPIV. New zPoS (#zerocoin #proofofstake) is working great & now makes up for nearly 50% of all staked blocks. #pivx #privacycoin #blockchain #altcoins #cryptocurrency pic.twitter.com/95mLoFt39Y
— jakiman (@jakimanboy) May 13, 2018
There has never been a better time or opportunity than right now. If you want even more information, then check out: