PIVX PIVX to Tether USDT Exchange

Crypto Pair Details: PIVX to USDT

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.'

Tether USDT

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex). The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.

SOURCE: COINGECKO

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