PIVX is a digital currency that operates on a decentralized blockchain, using a combination of proof-of-stake (PoS) and a custom version of the Zerocoin protocol for private transactions. The PIVX project aims to establish a decentralized autonomous organization (DAO) with a self-sustaining economic model that empowers its community. The PIVX token (PIV) is used as a medium of exchange, store of value, and for transaction fees and staking rewards. PIVX was created by two developers, CoinServer and s3v3nh4cks, in January 2016 as a fork of DASH and is now maintained by a decentralized team.
