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 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) |