PIVX, or Private Instant Verified Transaction, is a decentralized cryptocurrency that prioritizes privacy and community governance. It operates on a proof-of-stake consensus mechanism, which involves two key parties: masternodes and validators.

Masternodes are responsible for voting on development proposals and validating transactions, requiring a stake of 10,000 PIVX. Validators, on the other hand, generate new blocks and are rewarded with PIVX coins based on the amount they have staked. The network uses a "seesaw" mechanism to balance the rewards between masternodes and validators.

PIVX aims to provide privacy through the use of the Zerocoin protocol, which allows for trust between transacting parties without recording or displaying their information publicly. The protocol ensures that transactions "wipe" the history of where a coin came from, providing user privacy. Additionally, PIVX utilizes the SwiftX payment protocol to enable near-instant transactions.

Users can earn PIVX by running masternodes or keeping funds in a staking node, which incentivizes participation and ensures the solvency and liquidity of the network. The cryptocurrency also has a unique economic design, where transaction fees are burned, which can lead to deflation if the number of transactions outnumbers the generation of new coins. This design allows the community to vote on adjusting transaction fees to maintain a balance between inflation and deflation.

Overall, PIVX offers a privacy-focused, decentralized, and community-driven cryptocurrency that rewards users for their participation and ensures the security and liquidity of the network.

To store Private Instant Verified Transaction (PIVX) tokens, you can use several options:

1. PIVX Desktop Wallet: This is a recommended method for storing PIVX tokens. The desktop wallet provides comprehensive control over your funds and is available for download from the official PIVX website.

2. PIVX Web Wallet: This is a convenient option for users who prefer a web-based interface. The web wallet allows you to send, receive, and store your PIVX tokens easily.

3. Ledger Hardware Wallet: Ledger offers a secure hardware wallet solution that stores your private keys offline, protecting them from malicious attacks. You can pair the Ledger wallet with the Ledger Live App to manage your PIVX tokens on the go.

4. Other Wallet Options: There are additional wallet options available, such as the PIVX wallet provided by ChangeNOW, which offers a user-friendly interface for storing, sending, and receiving PIVX tokens.

Regardless of the wallet you choose, make sure to follow best practices for securing your private keys and protecting your PIVX tokens from unauthorized access.

To buy Private Instant Verified Transaction (PIVX) tokens, follow these steps:

1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports PIVX, such as Binance, Bittrex, LBank, XT.COM, ChangeNOW, or others listed on the PIVX website.

2. Create an Account: If you don't already have an account on the chosen exchange, create one. This may involve a Know-Your-Customer (KYC) process, which can take a few minutes to hours.

3. Deposit Funds: Deposit the necessary funds (cryptocurrency or fiat) into your exchange account.

4. Buy PIVX: Use the deposited funds to buy PIVX tokens. You can do this by selecting PIVX as the asset you want to purchase and specifying the amount you want to buy.

5. Set Up a Wallet: Set up a PIVX wallet to store your tokens securely. You can use the desktop core wallet or the web wallet provided by PIVX.

6. Transfer PIVX: Transfer the purchased PIVX tokens to your wallet.

Alternatively, you can use exchanges like ChangeNOW, which allows you to buy PIVX without creating an account. Simply visit the ChangeNOW website, choose the currency to buy PIVX with, enter the recipient address, review the transaction details, and confirm the transaction.