Tag Archives: pivx

Staking PIVX: Staking PIVX on HolyTransaction Wallet

pivx staking holytransaction wallet
Staking Coins: Staking PIVX

PIVX is a privacy-focused cryptocurrency that stands for “Private Instant Verified Transaction“. It is a fork of another cryptocurrency, Dash. Like Dash, PIVX is also used proof of stake for consensus. This means that there are opportunities for earning PIVX just by owning PIVX. This contribution to the network helps fund the verification of transactions and the creation of new PIVX coins. You can think of this as earning interest on your coin or as a dividend on your investment.

Stake PIVX on HolyTransaction Wallet

HolyTransaction.com is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking PIVX has become much easier with HolyTransaction!

How to Stake PIVX

The first step is to register on HolyTransaction.com to get your PIVX web wallet. The official PIVX wallet is available for Windows, macOS, as well as Linux. Android and iOS versions are also available, but these versions do not yet include staking functionality.

After accessing the HolyTransaction wallet, you must wait for your PIVX deposit to reach the minimum number of confirmations for the synchronization to finish. If you move your PIVX in staking before the next rewards distribution is done, your wallet will receive less rewards according to the mininum PIVX held in that time frame.

Once the PIVX address on Holtransaction has received the transaction, you will start staking yourself some PIVX. Your coins must have at least 101 confirmations. These coins are referred to as mintable coins. The number of confirmations on your transaction can be viewed in the history of your account. Once your coins are mintable, you will then be able to stake them and start receiving POS rewards, you can see your rewards in History -> Distributions. Staking can sometimes take as long as 24h to begin once all the prerequisites are met. If staking does not begin after some days, you should wait until you start minting blocks in your wallet.

Risks and Benefits of Staking PIVX

The more PIVX you stake, the more rewards you get. If you have over 10,000 PIVX, this qualifies you as a masternode. This allows you some say in how the PIVX network operates and also qualifies you to receive additional rewards. Masternodes can earn up to 10% of their stake.

You can stake your coin without being online 24/7, but you will not be eligible for staking rewards while your system is offline. Unlike some other proof of stake coins, PIVX does not consider the age of the coins or the amount of time they have been staked. PIVX only considers is your PIVX balance.


HolyTransaction staking wallet makes it much more user-friendly to stake your POS cryptocurrencies. PIVX has great passive income potential, especially for those who hold over 1000 PIVX, this designation greatly increases the rewards you receive. To begin staking PIVX start by depositing your coins in your HolyTransaction Wallet.

Open your free digital wallet here to store your cryptocurrencies in a safe place.


Staking Coins with HolyTransaction Wallet: Earn Passive Income with Crypto

Peercoin Blackcoin Gridcoin PIvx Staking HolyTransaction Wallet

Staking Coins: Earn Passive Income with Crypto

You might be familiar with mining in cryptocurrencies like Bitcoin, where expensive energy-intensive equipment works to generate blocks. However, there is an alternative to this model that doesn’t require the massive energy costs of mining or equipment. Staking coins can generate passive income without such headaches. Some examples of coins which rely on proof of stake include Peercoin, Blackcoin, Gridcoin and Pivx.

Stake Peercoin, Blackcoin, Gridcoin, and PIVX in HolyTransaction Wallet

HolyTransaction is excited to present to you the launch of our new staking service. You can now leverage Proof of Stake (POS) holdings to safeguard crypto networks while earning financial rewards. Staking PPC, BLK, GRC, and PIVX has become much easier with HolyTransaction! Starting the 1st of September 2020 customers with balances in those cryptocurrencies will begin to receive their rewards distributions.

Key Advantages to Staking with HolyTransaction:

  • Start obtaining distributions instantly, you just need to deposit
  • Payouts every 24h
  • Exit easily from your staking position by transferring your coins out of your HolyTransaction Wallet

HolyTransaction Staking Wallet lets you not only stake coins, but also trade them, buy new ones, or sell the ones you have for fiat.

This makes it rather easy to exchange your rewards earned through staking, withdraw the money, and use it in the real world.

Of course, you can always just keep it and increase the amount you have for staking, which will help you earn more in the long-term.

How does Staking Coins Work?

In contrast to the proof-of-work consensus mechanism that Bitcoin uses, some cryptocurrencies use an alternative model for consensus called proof-of-stake. So instead of miners creating new coins and verifying transactions as in the proof-of-work model, you have what are called forgers creating new coins and performing verification of transactions in the proof-of-stake model. These forgers are chosen in a variety of ways from a pool of coin holders who have staked their coins. The selection criteria vary depending on the cryptocurrency, but the most typical ways are a random selection or how long the coin holder has held the coin. When a forger gets chosen, they can then create new blocks and verify transactions.

Risks and Benefits of Staking Coins

The most immediate benefit of staking coins is that you earn income for doing so. In comparison with proof of work schemes, proof of stake removes the need for expensive equipment to perform all the proofs of work that validate transactions. Such equipment that is used to mine coins on a proof of work blockchain would often soon depreciate as more advanced hardware came out. Staking your coins does not come with this problem. Blockchains which used proof of stake for consensus are greener as they do not require the massive amounts of electrical resources to perform the calculations needed by proof of work schemes. Finally, it is simply just fairer for users who have invested in the cryptocurrency to reap the benefits of verifying transactions on its network.

The only real drawback to staking coins is that the coins can be unavailable while they are staked. This isn’t an issue when the coin is gaining value, but if the coin loses value you can be locked in for the ride. Some cryptocurrencies allow you to stake your coins even if they are in a cold (or offline) wallet. This means that the coins are not connected to the internet at all times. This is more secure, however, some coins require that your coins must be in a hot wallet, which is a wallet that is always connected to the Internet.


Staking coins is a great way to earn passive income, avoiding the exorbitant cost of the hardware required for mining, which quickly becomes obsolete. Staking coins is more environmentally friendly as it does not rely on the massive amounts of electricity needed to power mining rigs. Instead of rewarding those who invest in the expensive hardware needed to verify transactions, cryptocurrency projects which rely on proof of stake reward those who invest in the coins themselves. This results in a fairer system where anyone can earn passive income. HolyTransaction is a very user-friendly wallet all you need is just to deposit for staking to commence.

Open your free digital wallet here to store your cryptocurrencies in a safe place.


HolyTransaction adds Pivx to its wallet

Do you want to open a Pivx wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the 16 crypto available on our multicurrency wallet.

So from now on, you can store Pivx on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Pivx, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Pivx Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Pivx Wallet features

Just like Bitcoin and all the other supported cryptocurrencies, you can now:

  • Send Pivx to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Pivx with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Pivx Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Pivx?

Pivx (PIVX) is the acronym for Private Instant Verifiable Transaction.

The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.

PIVX is an open source, privacy-focused, Proof of Stake crypto-currency. PIVX utilizes Proof of Stake 3.0 and an innovative Seesaw reward mechanism that dynamically balances 90% of its block reward between Masternodes and Staking nodes with the remaining 10% used for budgeting. The budget and protocol are managed through a decentralized governance system.

So, do you want to open your Pivx wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.