Bitcore BTX to PIVX PIVX Exchange

Crypto Pair Details: BTX to PIVX

Bitcore BTX

Bitcore is a cryptocurrency that is a hybrid fork of Bitcoin. Although hard forks are heard of, a lot of people only know of Bitcoin hard forks such as Bitcoin Cash and Bitcoin Gold; instead, a few people know of Bitcore or hybrid forks. Using Bitcoin’s source code and technology, Bitcore created a new blockchain altogether; it made sure that the blockchain size is smaller, the scalability is better. Furthermore, block times are faster than Bitcoin’s while making mining ASIC resistant as well. Bitcore is not that different from Bitcoin as of now. In fact, it is rather inferior to Bitcoin and most other cryptocurrencies; it has no utility at the time of writing this. It’s only an investment prospect for those who believe the coin will kick on soon and reach great heights. The reason why one would want to invest in Bitcore is that of its unique practices. Bitcore created a new blockchain on November 2, 2017. It took a snapshot of the Bitcoin transaction and created 5 million transactions to fill all the public addresses belonging to people owning 0.01 BTC or more. The funding ratio is 0.5 BTX: 1.0 BTC, but if you had bitcoins at the time of the snapshot, then you can request your share of BTX at a 1:1 conversion until October 30. Bitcore is the first cryptocurrency to be a hybrid fork. But it is more than just a hybrid fork. It has tried to improve on Bitcoin and solve the issues that plague it. For instance, Bitcore uses timetravel10 consensus algorithm which is resistant to ASICs. This means that centralization of mining power is not possible as the playfield is levelled and everyone has an equal opportunity more or less. Moreover, Bitcore has 10 MB Segwit enabled blocks that make the network capable of handling 17.6 billion transactions a year or 48 million transactions per day. Bitcore is a cryptocurrency that has a lot of promise but nothing to show for as of now. Those investing in it believe that it will grow into a major force soon. But even after weekly airdrops, the user base is limited. Handling 46 million transactions per day won’t matter if there aren’t many people to use it. The development team’s efforts will go a long way into ensuring that more people start using BTX. A wallet that is on the way can help change things a little; however, Bitcore’s long-term future might depend on whether it can offer something different or not.

PIVX PIVX

PIVX stands for Private Instant Verified Transaction. PIVX is an MIT licensed anonymity-based cryptocurrency created out of a fork of DASH. PIVX is an open source blockchain-based Proof of Stake cryptocurrency with Zerocoin protocol implementation for industry leading transaction privacy. PIVX project is focused on advancing its privacy technology to ensure fungibility, improve network scalability and increase real-world utilization to become an effective decentralized online digital currency for everyone. PIVX inherited all the technical features of DASH such as masternodes, instant send and private transfer. It has a block time of 60 seconds and has a fixed reward size per block that uses a custom Seesaw Algorithm that dynamically alters the reward split between masternode and staking nodes. PIVX also utilizes a decentralized network of masternodes that allow feature services, treasury management, and community governance. The project is focused on advancing its privacy technology to ensure fungibility, improving network scalability, and increasing real-world utilization to become a globally-accepted decentralized online digital currency. PIVX is the first cryptocurrency to implement a directly spendable Zerocoin protocol and has also developed and implemented an industry-first Zerocoin-capable Proof of Stake consensus algorithm, called zPoS, that allows complete privacy of the balance and transactions while staking. PIVX “wallet” software closely resembles running your own bank, while basecoin (PIV) for transparent transactions and Zerocoin (zPIV) for completely anonymous, untraceable transactions. PIVX is an advanced privacy-enabled proof-of-stake cryptocurrency using the Zerocoin Protocol, an advanced zero-knowledge-proof privacy protocol for utmost transaction anonymity, and zPoS, a world’s first privacy-enabled Proof of Stake technology all developed by a team of highly experienced developers and cryptographers. Here at PIVX, we wanted to do something innovative, so we brought this cutting-edge technology to life. PIVX is available to be purchased directly with some popular fiat currencies. Here are some exchanges that provide the option to buy PIVX with currencies (USD, EUR etc.) UpBit, Coinroom, LiteBit. The PIVX network allows for 2.6 million PIVX tokens to be minted per year forever, with 90% of the minted coins going to staking wallets and Masternodes (staking is covered in the next section), and 10% going to fund budget proposals voted on by the Masternodes and stakers. This lack of a maximum coin supply makes PIVX function similar to a traditional currency, as inflation is introduced to the system to encourage daily usage and avoid hoarding. The inflation is around 4% per year, but instead of simply devaluing your currency like the Fed does when it prints Dollars, all those minted coins are going directly to holders of PIVX, offsetting the effect of inflation by spreading the profits. PIVX is a promising privacy coin aiming to be an easy-to-use digital cash replacement. There have been a few hiccups surrounding the implementation of the privacy technology, but the community and development team are active, engaged, and optimistic. It’s performing well on the market, with high volume and support from major exchanges (most notably Bittrex) and looks like it’ll be around for a while.'

SOURCE: COINGECKO

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