PIVX Zerocoin has announced the launch of its enhanced zPIV protocol on April 7. The original protocol zPIV v1 was deactivated for the preparatory procedure. The users were advised to convert their zPIV v1 into PIV and mint to zPIV v2 after the release. The new version introduces a fresh Proof-of-Stake algorithm. Plainly speaking, the algorithm will allows the users earn staking rewards and remain anonymous at the same time.
Earlier, if the user stakes a cryptocurrency, his balance will be visible to the public. Potentially, using block explorer one can discover the address that is staking coins, the balance and the source address. The new algorithm users who are staking zPIV can stay anonymous and nobody will be able to see how many coins an address is taking. The staking rewards can be further used for staking or spent privately without exposing the sender's address.
The reward distribution has also been reworked: now zPIV stakers will be rewarded with a 50% higher share of the block reward.
As of the moment of the publication, the market indicators for PIVX are as follows:
Average price: $3.88
Market cap: $216,903,895
Volume (24H): $3,090,740