Being private vs. being open. It doesn’t seem to make sense, does it?
On July 31st, we had an AMA with PIVX made us think about things in a new way. For an hour, Liquid talked from the PIVX side to Elizabeth about the future of crypto in a way that was very interesting.
Here’s what you missed and why it matters for your trading plan.
The Issue of Not Understanding Privacy
“People usually think of privacy as a bad thing,” Liquid said at first.
This statement really hurt. There are problems with privacy coins that other cryptocurrencies don’t have. But PIVX deals with this issue in a way that is different from most other projects.
They don’t stay away from the controversy; they keep teaching.
Their plan makes sense when you think about the current situation. A public ledger keeps track of all Bitcoin transactions for all time. People can see how much money you have in your wallet, how much you spend, and how you invest.
Are you okay with your neighbors knowing how much money you make? What do you like to buy? Not likely.
Breaking Down The Main New Thing About PIVX
During the session, Liquid talked a lot about their Shield Protocol. Not only is the technology cool, it’s also useful.
How Shielded Addresses Work
PIVX can do two things:
- Standard addresses: It’s clear that it’s like Bitcoin or Ethereum
- Addresses that are protected: Transactions that are totally private
When money goes to protected addresses, the public can’t see it anymore. Block explorers don’t show anything. There is no information about the balances, the amounts of the transactions, or the person who got the money.
Want to go back to being public? “Deshielding” sends money back to clear addresses.
PIVX is not like all-or-nothing privacy solutions because it can be changed. Users can decide how much privacy they want for each transaction.
The zk-SNARKs Advantage
Zcash and PIVX both make use of the same privacy technology. But rather than mining, which consumes a lot of energy, they use proof-of-stake.
“We’re one of the first proof-of-stake blockchains that lets you keep your information private,” Liquid stated.
Many people must make use of this distinction. Environmental issues require practical solutions; clever marketing won’t solve them.
Beyond Basic Privacy Preferences
PIVX is more than just a private money transfer service. They are creating tools for the entire system:
PIVX Promos: This enables users to securely send private funds without anybody else noticing. Excellent for new hires who wish to conceal their funds right away.
Vector Privacy Chat: A safe method of communicating via the Nostr protocol. Fully decentralized messaging that is suitable for private exchanges.
My PIVX Wallet: To access my PIVX Wallet on your phone, you don’t need to download large blockchain files. Users can immediately access all of the features.
Because they are so user-friendly, these devices actually solve issues. It makes no difference if average people are not proficient with privacy tools.
The Aggregation Challenge Elizabeth Tackled
It soon became challenging to group the questions Elizabeth answered from the community. When the market is unstable, members want to know exactly how to keep users safe.
Elizabeth’s response demonstrated how SwapZone differs from other companies in the ecosystem.
Your Money Is Never Ours
“We’re like Skyscanner, but for crypto,” Elizabeth remarked.
It’s a perfect comparison. Neither hotels nor aircraft are owned by Skyscanner. They assist travelers in selecting the best options.
SwapZone operates similarly. We show you the best offers out of the many that exchanges send us. Customers deal directly with the provider of their choice.
This model eliminates the possibility of a counterparty losing money while maintaining low prices.
Numerous Protection Layers
Our strategy differs from that of the majority of aggregators when things go wrong, which they do:
Monitoring in real time: Systems keep an eye on each transaction that takes place on partner exchanges. Issues are noted immediately.
People must participate: Hard problems cannot be solved by a chatbot. People ask for quicker fixes and speak with exchanges directly.
Manual overrides: Automated systems occasionally malfunction. When needed, our staff fills in by hand.
Compensation procedure: We don’t merely transfer issues. Refunds and dispute resolution are handled in specific ways.
The DEX Integration Plan
PIVX inquired about our latest efforts to integrate decentralized exchanges. The response demonstrates industry-wide trends.
This decision was solely based on user preferences. Having complete control over their assets without having to pay money to centralized platforms is something that more traders desire.
Our DEX section now supports Ethereum, Binance Smart Chain, Polygon, and other popular networks. Users examine both decentralized and centralized options side by side.
Some prioritize usability and speed. Others value confidentiality and privacy. We provide both choices.
Effective Educational Programs
A lot of money goes into teaching users in both projects. But their methods are very different.
Learning Resources on SwapZone
- FAQ sections: Comprehensive answers to common trading questions
- Educational blog: Wide-ranging crypto topics for all experience levels
- Video tutorials: Step-by-step guides exclusively on Telegram (expanding to Twitter soon)
- 24/7 human support: Real people guide newcomers through their first swaps
PIVX’s Privacy Education Mission
PIVX fights an uphill battle against privacy misconceptions. They educate constantly through:
- Community AMAs and discussions
- Hands-on user support and onboarding
- Product development focused on usability
- Masternode community engagement
“We’re constantly in the battle of trying to work with different people to educate on privacy,” Liquid emphasized.
Future Development Roadmap Insights
PIVX’s Improvements to Privacy
Shield Staking Protocol: Private staking that uses zk-SNARKs technology. More money in the shield pool makes everyone’s privacy better.
Private Master Nodes: More transactions in privacy layers make security better.
Institutional Readiness: Getting ready for possible ETF listings and joining the futures market.
The Evolution of the SwapZone Platform
Changes to the interface: With a cleaner design and less visual clutter, it’s easier to get around.
Better calculators: New tools that show which stocks are going up and down in value and change USD right away.
More tutorials available: Video content is moving beyond Telegram to reach more people.
Features Driven by the Community: What gets worked on first is based on what users say.
The Problem of the Information Gap
Elizabeth said that the main problem with customer service was that people didn’t get how our business worked.
She said, “Many people believe we are like a bank. You give us money, we hold onto it, and then we send it.”
The truth is very different. Users never have to pay SwapZone. We help traders find the best exchange rates and keep an eye on their trades to make sure they happen.
When there are problems, like delays in the blockchain, limits on exchanges, or unexpected KYC requirements, we fix them by hand. Our team talks directly to exchanges and finds solutions.
People get answers, not reasons.
Possibility of Institutional Adoption
There are a lot of good things that could happen to PIVX in the future. They are in a unique position to get institutional interest because they are the first proof-of-stake privacy blockchain to work.
Liquid said, “If we get more futures listings, we could have an ETF or ATP product.”
Institutions can only use something if it is legal and the technology works. PIVX is better than older privacy coins that use proof-of-work in some ways.
The Benefits of Joining the Masternode Community
PIVX boasts a robust DAO structure and a large number of masternode operators. Projects are more stable this way than they would be otherwise.
Masternode operators run the risk of losing something. They contribute to decision-making, maintain the network’s security, and spend a lot of money on it.
Instead of providing people with short-term motivations to speculate, this alignment gives them long-term reasons to grow.
A Look at the Regulatory Environment
Both projects look at how laws and regulations have changed over time. The goal of privacy is to maintain user safety while adhering to the law.
This is exactly how PIVX teaches. They show you how to be honest with regulators and protect your privacy in real life.
The structure of SwapZone makes following the rules easier. It’s easier for us to follow the rules because we don’t carry cash or deal with transactions directly.
Questions from the Community That Astonished Us
The community’s interests were demonstrated by the AMA’s extensive coverage of subjects not on the agenda:
Ambassador programs: Using Discord and other social media, both programs aggressively recruit community members to help them.
Priorities for education: Rather than in-depth discussions of technical issues, users prefer simpler tutorials.
Integration options: The public is very interested in privacy technology and open and honest trading platforms.
Essential Knowledge for Cryptocurrency Traders
Privacy will become the norm: As more people use financial privacy, making it a need rather than a luxury.
Technology alone is insufficient: People use things because they work well in the real world, not just because they do.
Growth is largely dependent on education: Both projects make significant investments in user education because well-informed communities grow over time.
Adaptability is crucial: People want options when it comes to things like whether to trade in a centralized or decentralized way and whether to do business in public or privately.
The Advantages of This Partnership
Despite serving distinct purposes in the cryptocurrency space, SwapZone and PIVX work well together. We let people watch the market, and they let people do private transactions.
The users have complete control over this mix. Our aggregation gives you the best trading rates, and PIVX’s technology safeguards your data.
Neither strategy works well on its own. They work well together to meet the needs of most people.
The Wide Perspective
This AMA illustrated how cryptocurrencies are getting closer to more sophisticated and approachable solutions. Although new technology is required, usability comes first.
PIVX shows that privacy technology doesn’t have to be hard to use. SwapZone shows that consumers can get clear prices without giving up control.
Education is given precedence over promotion in both programs. This method produces long-lasting communities as opposed to transient bubbles.
What Will Happen Next?
We are looking for more PIVX applications. Think about how easy it would be to switch between open and private trading within the same interface.
We are excited to see what might be discussed, despite the fact that these conversations are taking a long time. They shouldn’t have to choose between saving money and getting good deals.
PIVX is still accessible through our platform and a few other exchanges that we work with. To find out if there are opportunities for direct integration, we listen to the community.
Final Thoughts
During our conversation last week, we were reminded of why we initially decided to enter this field. New projects continue to address urgent problems in spite of the market’s volatility and ambiguous regulations.
The purpose of privacy is not to hide illegal activity. It’s about safeguarding real users in a world where there are more cameras.
The purpose is not to display user data while trading is open. It’s about making sure that prices are fair and that markets are competitive.
In the end, both missions give users more power.
Are you prepared to begin trading PIVX? We compile the best prices from numerous exchanges in one location. No need to register. No additional costs apply. Just fair and transparent prices.
Trade PIVX on SwapZone Today
Ready to experience the privacy technology we discussed in this AMA? You can easily exchange PIVX on our platform right now. SwapZone offers instant PIVX swaps through multiple trusted exchange partners, ensuring you get the most competitive rates available in the market. Whether you want to buy PIVX with Bitcoin, Ethereum, or any of the 2,500+ supported cryptocurrencies, our aggregator finds the best deal for you automatically.
The privacy features that Liquid explained during our session make PIVX an increasingly valuable asset for users who prioritize financial confidentiality. Our platform makes accessing this privacy technology simple – compare rates from dozens of exchanges, choose your preferred option, and complete your PIVX exchange in just a few clicks. No account registration required, no hidden fees, and our 24/7 human support team is always ready to assist with any questions about your transaction.
SwapZone hosted this AMA session with PIVX to discuss privacy technology and new trade methods. Five community members received promo codes for their insightful inquiries. The information provided is entirely educational and does not constitute investment advice. Always conduct research before investing in cryptocurrencies.