• Market Cap
    $514.232B -5.35%
  • POW Market Cap
    $399.849B -5.31%
  • POS Market Cap
    $22.026B -4.35%
  • Masternodes Market Cap
    $1.657B -1.15%

PIVX introduces Shield, a new protocol to protect users’ data and privacy

By Inkarias - 2020-11-15

Since its creation a few years ago, the PIVX project has focused on the confidence of its investors and support by guaranteeing a certain level of protection, both on an ethical and technical level. Indeed, whether for the intrinsic vision implemented as the project progresses or for the technical solutions developed and then offered to the general public, the PIVX team has been able to assume all the responsibilities to protect its community from dangers of the cryptosphere.


With the integration of different technical protocols such as UDP, also commonly known as User Data Protection Protocols and the Zerocoin protocol for example, the project was able to offer its community the possibility of enjoying all the benefits of this POS solution while being completely safe. Despite the high level of security provided so far, the constant evolution of the market, protocols as well as the ingenuity of hackers have shown the limits of these solutions pushing to implement a new solution: Shield.

 

Few words about Shield protocol

In short, SHIELD is the first zk-SNARKs based privacy protocol used on a Proof of Stake blockchain which introduces a new simple solution to protect investors. Thanks to the Shield protocol, it is very easy to be able to use a shielded address to send and receive funds securely. In addition, this solution offers the possibility of reinforcing the private aspect of the transactions by making invisible the key information of the transactions such as the amounts, balances and the addresses of the sender and the recipient. As Furzy, Core PIVX Developer´said:


PIVX is consistently implementing new code architectures and improvements. SHIELD is yet another major milestone in PIVX’s rich legacy of pioneering proof of stake privacy and protecting users' data.


More details on the Shield protocol can be read at https://pivx.org/