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PIVX (Cryptocurrency) PIVX (Private Instant Verified Transaction) is an open-source, decentralized cryptocurrency that focuses on privacy, instant transactions, and user-friendly interfaces. It is built on the DASH network's initial codebase but with significant enhancements for improved efficiency and security. PIVX uses Zerocoin Protocol to ensure complete anonymity of its users by offering private transactions, and Zerocash Protocol for fast, secure, and instant transactions. Key features of PIVX include Masternodes, Proof of Stake (PoS) consensus mechanism, and Bulletproofs technology for optimized blockchain size. The Masternode network provides services like InstantSend, PrivateSend, and Dynamic Network Governance. The PoS system allows for low energy consumption as compared to the traditional Proof of Work model used in Bitcoin. PIVX was launched in 2016 and continues to be developed by a global team of dedicated contributors. Its unique blend of privacy features, fast transactions, and innovative technologies position it among the top cryptocurrencies focusing on practical implementation of advanced blockchain technology.