PIVX becomes the first proof-of-stake (PoS) coin to launch an iOS mobile app


The popular privacy-centric digital currency PIVX announced the long-awaited release of its dedicated iOS mobile wallet. Due to the tight guidelines that Apple places on cryptocurrency apps, the release of the new iOS wallet not only marks a milestone for PIVX but also for the entire cryptocurrency community as PIVX becomes the first anonymous proof-of-stake (PoS) coin to receive approval by Apple to list its mobile wallet on the App Store.

PIVX the privacy coin!

For those that aren’t aware or familiar with what PIVX is, PIVX which stands for Private Instant Verified Transaction, is a privacy-centric digital currency that enables users to send and receive payments anonymously to preserve their financial privacy. They’re on the same lineup as Monero (XRM) and other tokens in the privacy token space.

For a straight forward and easy to understand guide on privacy coins, check out this article we wrote in the past.

PIVX also stands out from many of its peers in the privacy coin space by being highly-community centric and delivering on its roadmap, with regular updates and improvements to both the underlying code of the digital currency as well as its ecosystem.

Arguably, the most innovative feature of PIVX is its PoS private staking system. The mechanism allows PIVX users to stake their coins anonymously and has created an entirely new way for individuals to generate an income in the cryptocurrency space in a completely private manner.

The iOS wallet

The new iOS wallet – also called PIVX – will enable users to conveniently store, send and receive PIV using their iPhones. The application will also allow users to secure their wallet using a recovery phrase. Plus, the private key is stored user-side, not on a centralized server.

As a light client, the iOS wallet connects directly to the PIVX network with simple payment verification. There is no need to store the PIVX blockchain.

Additionally, PIVX has deployed AES hardware encryption, app sandboxing, and keychain and code signatures to protect user funds from malware and basic security flaws.

The first version of the PIVX iOS wallet, v3.2, comes with the basic functionalities that a mobile wallet should have. Some of PIVX’s more advanced features – such as zPIV transactions and staking – are expected to be added to the application later this year.

According to the project’s press release, PIVX is one out of only seven cryptocurrency projects that have managed to get a mobile app onto the Apple App Store. iPhone users are, instead, forced to store the majority of their altcoins in multi-currency wallets such as Coinimi, Edge, or Jaxx if they want to be able to access them on-the-go.

Also note that PIVX is one of the companies out there that’s sticking with their roadmap schedule. With the launch of the iOS wallet, PIVX ticks off another item on its roadmap to start the year 2019.

 


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Edith Muth

Edith Yue is CryptoMeNow's analyst. She loves to do intensive research on how blockchain will make an impact in our society. You can contact Edith at Edith@cryptomenow.com

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