In light of all the recent buzz around Zerocoin protocol vulnerabilities, we thought we’d pull together a simplified FAQ to at least help with some of the questions we’ve been fielding for a couple of months. Although the list is simplified, the activities and efforts from our development team are far from simple. Zerocoin protocol, on its own, is very complex. Transactions which use the Zerocoin protocol are drawn from an escrow pool, where each coin’s transaction history is erased when it emerges. Transactions are verified by zero-knowledge proofs, a mathematical way to prove a statement is true without revealing any other details about the question. PIVX took this and customized it further to allow for the ability for users to not only send privately but earn rewards as a proof of stake currency. (zPIV/zPoS)

The PIVX Core Development Team are working diligently on a new protocol. In the meantime, browse the FAQ and if there are any other questions not here, please join our Discord and ask in the #support channel.