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. …

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