Gate.io Blog GateLive AMA Recap-PIVX

GateLive AMA Recap-PIVX

06 March 17:23

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## Q1: Can you present PIVX to anyone unaware of the project?
**Hans Koning (PIVX DAO Advisor):**
PIVX is an open-source, decentralized peer-to-peer currency, featuring: advanced user data protection features; community governance mechanisms; Proof of Stake consensus; and multi-purpose Masternodes. 
-Privacy is a fundamental human right
-Offers optional privacy  ZKP
-Founded in 2015, released 29 January 2016 (initially called Darknet), forked from <a href="/price/dash-dash" target="_blank" class="blog_inner_link">Dash</a> (which forked from <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>).
-Instant
-Secure
-Fast
-Low fees (cheap transactions)
-Sustainable economics: self funded, self-funding, lean

True DAO. No legal entity. Self funded. No Pre-mine or ICO. Fairly launched. Passes Howey test just like Bitcoin. Community driven.
-Its own blockchain = altcoin, not token
-Sapling – a zk-Snarks privacy protolol by <a href="/price/zcash-zec" target="_blank" class="blog_inner_link">Zcash</a>

## Q2: Why is privacy is power? Why is it hot topic in crypto?
**Hans Koning (PIVX DAO Advisor):**
-In one word self-sovereignty. 
-Blockchain gave us privacy tools: DAO, SSI, ZKP
-PIVX has a strong focus on privacy: a basic fundamental human right
-Privacy = the final frontier of self determination
-Last barrier between freedom and control.  
## Q3: Can you please explain the utilities of the coin? Can you tell us more about the masternode and the staking? 
**Hans Koning (PIVX DAO Advisor):**
Use case are: 
-Means of transaction = payments
-Store of value
-Privacy
-Staking
-Masternode
-Voting 
-DAO participation

-The Masternode network is integral to PIVX's functionality. 
-Contribute to network stability and coin supply
-Masternodes secure the network
-Validate blocks & transactions
-Vote on proposals
## Q4: Can you explain the concept of a decentralized autonomous organization (DAO) and how it is implemented in the governance of the PIVX ecosystem, and the role of the community?
**Hans Koning (PIVX DAO Advisor):**
-In general, DAO = org structure of the future
-Use potential of total community
-PIVX puts DAO and community driven governance front and centre
-Proposals = DAO
-Treasury = DAO
-We are learning what it is day by day We are all DAO
-Community is everything. 
-Without a community, there can be no decentralization, there can be no project. 
-So the community comes first, second and third all pivx is and does is community centered. 
-CDG = community designed governance
-Everyone can stake/run mn. 
-Everyone can submit a proposal. 
-We are all Satoshi. 
-We are all pivx.

With the increased Treasury, more becomes possible. Planning for that, the Road Map is being reworked and updated constantly.
Focus points: Liquidity; Adaptation; Network stability, security and improvement.

<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Introduction

Privacy in crypto

Utilities of PIVX

Concept of DAO

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