PIVX

Halal Rating :
Comfortable
Last Price $0.25 Last updated:
Rank 869
1D Change 5.52 %
Market Cap $21.78m
Circulating supply 87,978,928
Maximum supply None
Crypto Overview Crypto Impact Justification for our Halal Rating

Crypto Overview

Categories
  • PoS
  • Medium of Exchange
  • Store Of Value
  • Privacy
  • Zero Knowledge Proofs
  • Masternodes
  • Staking
  • DAO

Project Overview

PIVX (Private Instant Verified Transaction) is a privacy-focused cryptocurrency launched in 2016 as a fork of DASH. It utilizes a Proof of Stake (PoS) consensus mechanism and incorporates privacy features through zk-SNARKs technology.

Intended Utility

PIVX's primary intended utility is to serve as a private, fast, and low-cost medium of exchange. The project aims to provide users with optional privacy features while maintaining transparency in governance. The network uses a custom Proof of Stake mechanism called zPoS (Zerocoin Proof of Stake).

Actual Utility Assessment

The cryptocurrency demonstrates active development with regular GitHub commits and protocol upgrades. The project maintains a functional governance system where PIVX holders can participate in decision-making through voting. Recent development activity shows continued focus on improving privacy features and network security.

Token Distribution and Governance

PIVX did not have an ICO or premine, suggesting a fair launch. The project is community-driven with no central authority controlling development funds. Block rewards are distributed between stakers and the treasury system for funding ongoing development.

Technical Implementation

The privacy features are optional and implemented through legitimate cryptographic methods. The staking mechanism provides network security while avoiding interest-bearing characteristics that would conflict with Islamic principles. The project focuses on technological advancement rather than speculative marketing.

Crypto Impact

To assign a comfort level investing in PIVX from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to PIVX.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

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Justification for our Halal Rating

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