PIVX (Private Instant Verified Transaction, formerly known as DNET) is an open source peer-to-peer cryptocurrency, which originated as a code fork from DASH, one of the first privacy-focused cryptocurrencies. PIVX is a digital currency guided by a manifesto. It is a community-centric cryptocurrency with a focus on privacy, decentralization, and real-world use. PIVX operates a self-governing and self-funding budget model that enables the network to pay individuals and businesses to perform work that adds value to the network. A DAO (decentralized autonomous organization) budget system is not reliant on donations or sponsorships that can lead to conflicts of interest. Currently, PIVX offers instant transactions (SwiftX), and private transactions (zPIV).
bitcoin wiki contributors. (2019, April 12). PIVX. In bitcoin wiki, The Free Cryptocurrency Encyclopedia. Retrieved 15:13, April 13, 2019, from https://en.bitcoinwiki.org/index.php?title=PIVX&oldid=376706