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| PIVX [formerly DarkNet (DNET)] is a decentralised, open-source cryptocurrency launched in January 2016 as a fork of Dash. As its name original name suggested, DarkNet's focus is on privacy and anonymity of transactions as it is designed to run on anonymous networks (Tor or I2P). The coin started its life as a mineable proof-of-work currency (using the ASIC-resistant Quark algorithm) to generate some 43 million coins, but it became a pure proof-of-stake coin once the initial mining phase was completed (at block 259,200 or about 180 days since the genesis block). About 60,000 coins were pre-mined, but these were destroyed at the completion of the proof-of-work stage. The project re-branded to PIVX in February 2017. Symbol: PIVX (Source: CryptoCoin.cc) |
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