README.md

PIVX Core integration/staging repository

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

Coin Specs

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

Reward Distribution

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

PoW Rewards Breakdown

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)

PoS Rewards Breakdown

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)