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PIVX (PIVX)

PIVX, Private Instant Verified Transaction, is a privacy focused decentralized open-source crypto currency. PoW (mining) phase ended August 2016 and is now PoS (Staking) only. PIVX utilizes an updated PoS 2.0 protocol and is based on Bitcoin core 0.10.x code base.

It utilizes a network of masternodes for an evenly distributed staking wallet to masternode ratio, PIVX utilizes an innovative variable seesaw reward system that dynamically balances its block reward size between masternodes and staking.

Our main goal is to achieve instant private transactions and fair governance. PIVX has an open task and development environment and a highly accessible development team welcoming anyone and everyone to join its cause.






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Specifications

Ticker: PIVX
Algorithm: Quark
PoW Block Reward: [block# 2-151200] 250 PIV [block# 151201-259200] 50 PIV
Block Time: 60 Seconds with Retargeting every Block
Max Coin Supply: PoW Phase: 43,199,500
PoW Phase 1: [block# 1] 60k Premine for creation of 6 Masternodes for the functioning of the network.
Premine: [block# 1] 60k Premine was burned at block 279917
PoW Phase 2: [block#’s 2-259200] Approx 180 Days
PoW Rewards Breakdown: [block’s 2-432000] 20% MN (50 PIV) / 80% MINER (200 PIV)
[block’s 43201-151200] 20% MN (50 PIV) / 70% MINER (200 PIV) / 10% Available to the budget system (25 PIV)
[block’s 151201-259200] 45% MN (22.5 PIV) / 45% MINER (22.5 PIV) / 10% Available to the budget system (5 PIV)

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