PIVX Soon To Release v5.2 Mandatory Core Wallet Update
PIVX is an open-source and decentralized peer-to-peer currency featuring advanced user data protection features, community governance mechanisms, Proof of Stake consensus algorithm, and multi-purpose Masternodes.
PIVX Features:
Shield Protocol
SHIELD provides complete protection for your transactions; preserving the invisibility of transaction details from the sender to the receiver, the amount of the transaction and balances, with no preparation time. This is accomplished through PIVX’s novel customization of the zk-SNARK Sapling protocol by Electric Coin Company. As always, your full balance is available for transacting shieldedly any time you wish.
Advance Proof of Stake
Receive rewards for securing the PIVX network just by holding coins in your wallet. Running a node on the network will automatically participate in the validation of blocks and transmission of blocks, while your wallet constantly evaluates your personal PIV transactions to see if you win the right to create the next block.
Cold Staking
Receive staking rewards while your funds are securely locked in offline cold storage. Delegate your PIV for staking to a hot wallet while maintaining full control. With Cold Staking, you retain the private keys for your PIV, and your staking rewards offline, while a hot wallet remains online to stake on your behalf.
Masternodes
PIVX Masternodes provide additional nodes to validate blocks and transactions, adding to the distributed security of the network. Get more rewards for hosting and providing layer 2 services to the PIVX Network
Decentralized Governance
Community Designed Decentralized Governance is the controlling feature of the PIVX DAO. A system of proposals is submitted to the network to be voted on by the 2nd layer masternodes, to determine if the proposal should be funded.
Sustainable Coin Economics
PIVX’s monetary policy was engineered for a long term sustainable balance between inflation and deflation in order to maximize the network and value security to support scalable, decentralized, and resilient node infrastructure, allowing for instant, shield transactions globally.
New v5.2 core desktop wallet will be released as early as this week (6/27) which will allow Cold Staking to be re-activated on the network!
PIVX was thrilled to announce the imminent release schedule of v5.2 core desktop wallet, that will implement the necessary network hardening measures, and allow the re-activation of the Cold Staking feature. As this will be a mandatory update, there will be a network enforcement (hard fork) approximately 12 days after the 5.2 wallet release. So they urge everyone to be prepared and upgrade all PIVX core desktop wallets and nodes once the final version is released later this week.
5.2 Rollout Schedule
1. v5.2 Release Candidate release on 6/23
2. Public testnet enforcement on 6/23
3. Final GA release of v5.2 wallet by 6/27
4. Mainnet network enforcement on 7/7 (TBD)
PIVX TRIVIA
Protected Instant Verified Transaction (PIVX) was announced on bitcointalk.org on November 25th, 2015. For historical purposes, PIVX was originally launched under the name Darknet (DNET) and
officially rebranded to PIVX on January 1st, 2017. On January 30th, 2016 it was announced that PIVX
(DNET) would officially be released and at 04:10:07 UTC on January 30th, 2016 the first block of the
PIVX network was created.
ABOUT PIVX
PIVX is an open-source and decentralized peer-to-peer currency featuring advanced user data protection features, community governance mechanisms, Proof of Stake consensus algorithm, and multi-purpose Masternodes.
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