PIVX is a cutting edge cryptocurrency, with many features not available in most other cryptocurrencies.
- Anonymized transactions using coin mixing technology, we call it Obfuscation.
- Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftTX.
- Decentralized blockchain voting providing for consensus based advancement of the current Masternode technology used to secure the network and provide the above features, each Masternode is secured with a collateral of 10K PIV.
More information at pivx.org Visit our ANN thread at BitcoinTalk
| Algo | Quark |
| Block Time | 60 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply (PoW Phase) | 43,199,500 PIV |
| Max Coin Supply (PoS Phase) | Infinite |
| Premine | 60,000 PIV* |
*60,000 PIV Premine was burned in block 279917
| PoW Phase | |||
|---|---|---|---|
| Block Height | Reward Amount | Notes | Duration (Days) |
| 1 | 60,000 PIV | Initial Premine | 0 Days |
| 2-151200 | 250 PIV | Open Mining | Approx 180 Days |
| 151201-259200 | 50 PIV | ||
| PoS Phase | |||
| Block Height | Reward Amount | ||
| 259201-Infinite | Variable based on SeeSaw Reward Mechanism | ||
| Block Height | Masternodes | Miner | Budget |
|---|---|---|---|
| 2-43200 | 20% (50 PIV) | 80% (200 PIV) | N/A |
| 43201-151200 | 20% (50 PIV) | 70% (200 PIV) | 10% (25 PIV) |
| 151201-259200 | 45% (22.5 PIV) | 45% (22.5 PIV) | 10% (5 PIV) |
| Phase | Block Height | Reward | Masternodes & Stakers | Budget |
|---|---|---|---|---|
| Phase 1 | 259201-302399 | 50 PIV | 90% (45 PIV) | 10% (5 PIV) |
| Phase 2 | 302400-345599 | 45 PIV | 90% (40.5 PIV) | 10% (4.5 PIV) |
| Phase 3 | 345600-388799 | 40 PIV | 90% (36 PIV) | 10% (4 PIV) |
| Phase 4 | 388800-431999 | 35 PIV | 90% (31.5 PIV) | 10% (3.5 PIV) |
| Phase 5 | 432000-475199 | 30 PIV | 90% (27 PIV) | 10% (3 PIV) |
| Phase 6 | 475200-518399 | 25 PIV | 90% (22.5 PIV) | 10% (2.5 PIV) |
| Phase 7 | 518400-561599 | 20 PIV | 90% (18 PIV) | 10% (2 PIV) |
| Phase 8 | 561600-604799 | 15 PIV | 90% (13.5 PIV) | 10% (1.5 PIV) |
| Phase 9 | 604800-647999 | 10 PIV | 90% (9 PIV) | 10% (1 PIV) |
| Phase X | 648000-Infinite | 5 PIV | 90% (4.5 PIV) | 10% (0.5 PIV) |
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