PIVX is releasing the next installment of its zPIV protocol

With the deactivation of the original version of the zPIV protocol, a new zPIV v2 protocol along with a fresh zPoS algorithm are to be rolled out on April 7
02 April 2018   642

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

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   79

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.