PIVX’s Plan to Mainstream Privacy Coins

'There are so many great things happening at this juncture with our privacy coin market,' says the Head of Business Development at PIVX (PIVX). 

As financial privacy has become increasingly important, and with recent regulatory action, more users are searching for ways to protect their transactions. The precedent-setting Tornado Cash decision in the U.S. has been, pardon the cliche, a game changer, it helped change how people perceive privacy tools. 

PIVX has been very smart here - they were early ZK-SNARKs adopters - and provide their users with two options — private SHIELD addresses and regular transparent addresses (almost exactly like Zcash (ZEC))- this way, they can cater to various user preferences.

Cryptocurrencies like these, known as privacy coins, have a history of bad reputation, but that seems to be changing. Even the big institutions are coming around to this, having figured out that throwing everyone’s financial data out into the world is just not good for user safety. 

PIVX actually made a really smart compromise – it’s a system that has “exchange addresses” where businesses can be transparent and keep things more out in the open for regulatory compliance, but people can still issue fungiblity by moving funds to private or anonymous addresses whenever they want those additional features. 

It’s the best of both worlds, really.

PIVX has been in the shadows for some time now, but the coin has recently started to get back on its feet. They’ve also been able to secure some impressive partnerships with companies like NOWPayments, Travala, and MEXC thanks to new funding. 

These partnerships aren’t just for show: they’re adding actual utility and increasing the avenues for trading PIVX. The project has some serious technical chops under their belt as well – the team was the first proof-of-stake blockchain to enable ZK-SNARK privacy features, and they’re not done yet. 

Private staking and masternodes are up next on their list.

Yes, there are still some regulations that are confounding, but the project works hand in hand with exchanges to keep things smooth. If a business asks for view of all transactions, no worries - PIVX can provide that. 

They are also interested in assisting other blockchain projects in integrating privacy functionality. PIVX doesn’t dwell on being just another privacy coin - they are actively defining new privacy standards within crypto. 

They’re demonstrating what it looks like to find a way to reconcile privacy with what’s practical, and make these kinds of features a standard for the industry without them resulting in some regulatory fistfight.

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