Zerocoin works a bit differently than other cryptocurrency privacy protocols, so let’s break it down. First, the two types of tokens:
PIV— The normal PIVX token
zPIV — The private PIVX token
Are PIV and zPIV different?
Yes and no. You can think of zPIV like the private version of a PIV. 1 zPIV will always equal 1 PIV in value. There is no second blockchain or anything like that.
Mint — To convert PIV to zPIV
Spend —To convert zPIV to piv
Denominations — The different sizes of zPIV. …