In the early days of blockchain technology privacy was one of the most talk about features. Bitcoin's blockchain was transparent, and although back in 2010-2012 it was considered to be pseudo-anonymous this was more to do with lack of understanding and less simple block explorers. It soon became apparent that Bitcoin was not, and never intended to be, an anonymous currency.
Along Came Monero
Monero is the king of privacy, offering so-far untraceable, completely opaque transactions. There is no way to see how much was sent, who sent it, or where it was sent to. Although this is the cypherpunks dream, it is also the downfall of Monero. The darker corners of the internet have turned to the currency, darknet markets where drugs and weapons are sold worldwide switched from BTC to XMR which is slowing the interceptions as police lose the ability to use blockchain analysis.
The problem is we live in a world of regulations. People need the ability to move there money around anonymously, but they also need to do so legally. If you were to send $1000 dollars to your friend today, you wouldn't expect that anyone with internet access could see that you had done that. There needed to be an intermediate.
Introducing PIVX
PIVX currently ranks nearly 400th in the cryptocurrency rankings. It has a market cap of merely $50m. It is hardly spoken about, and it hardly has much market interest at this point in time.
What PIVX also has is the 6th most GitHub commits of all cryptocurrency projects in the last 12 months. The development team are the 6th most active despite the fact that the project sits in 400th position currently. Not only have the development team been busy, they have managed to implement technology into the PIVX blockchain that no other project has yet managed to do.
PIVX have just released the SHIELD protocol onto the main net. This is the zk-SNARKs based financial protection protocol to be implemented on a Proof-of-Stake blockchain.
"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."
PIVX also boasts a practical transaction speed for a currency. With it taking less than a second for the transaction to generate and only 1/100th of a second for the transaction to be verified - you are not left waiting for your money.
The fact that you have control of your funds and have the ability to chose whether you are moving your money on a public ledger or you are shielding you funds and then sending them to another shielded address means that you really can be your own bank.
Since PIVX is not permanently anonymous and allows for transparent on chain transactions, it does not fall into the same regulatory nightmare that Monero and other purely private privacy coins have fallen into.
PIVX as an Investment
The technology is there, the development team are active and experienced. But what about PIVX as an investment?
To put things in perspective, Monero currently sits in the 20th spot on the cryptocurrency rankings. If PIVX were to reach the market cap that Monero currently has, it's current value would increase 90x. For those looking for "moonshots" right now, the obvious choice is right here.
It's not unrealistic to expect PIVX to reach Monero's current market cap, and a 9000% return on an investment is something that really would be too good to miss out on.
Do you own research of course, but the facts are here.
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