PIVX stands for Private Instant Verifiable Transactions. An older generation privacy & community governance-focused blockchain project with one of the most resilient communities. The consensus is established through a master node structure; lock-ups of 10,000 PIVX. Masternode participates in all 3 vertices of the PIVX governance system;
– Manifesto Governance
– Treasury Governance
– Protocol Governance

     The PIVX governance framework is also known as a DAO (Decentralized Autonomous Organization). Its software is all open-source MIT licensed.