ahmedbodi/pivx

PIVX Core integration/staging repository

PIVX is an open source crypto-currency focused on fast private transactions using the Zerocoin protocol, with low transaction fees & environmental footprint. It utilizes the first ever anonymous proof of stake protocol, called zPoS, combined with regular PoS and masternodes for securing its network. zPoS incentivises using the privacy features available in PIVX by granting a higher block reward for zPoS over regular PoS and masternodes. In practice PIVX has between 4 to 10 times higher use of it's privacy features in comparison to other coins that combine public and private transactions. This is thanks to innovations like zPoS and integrating the Zerocoin protocol into light/mobile wallets, allowing for a complete and lightweight privacy protocol that can be used on the go. As well as security improvements like deterministic generation of zPIV for easy backups. The goal of PIVX is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.

• Anonymized transactions & consensus using the Zerocoin Protocol and zPoS.
• light/mobile wallet privacy using the Zerocoin Light Node Protocol
• Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
• Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

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

Genesis Block
Block Height	Reward Amount	Notes
1	60,000 PIV	Initial Pre-mine, burnt in block 279917

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 0	259201-302399	50 PIV	90% (45 PIV)	10% (5 PIV)
Phase 1	302400-345599	45 PIV	90% (40.5 PIV)	10% (4.5 PIV)
Phase 2	345600-388799	40 PIV	90% (36 PIV)	10% (4 PIV)
Phase 3	388800-431999	35 PIV	90% (31.5 PIV)	10% (3.5 PIV)
Phase 4	432000-475199	30 PIV	90% (27 PIV)	10% (3 PIV)
Phase 5	475200-518399	25 PIV	90% (22.5 PIV)	10% (2.5 PIV)
Phase 6	518400-561599	20 PIV	90% (18 PIV)	10% (2 PIV)
Phase 7	561600-604799	15 PIV	90% (13.5 PIV)	10% (1.5 PIV)
Phase 8	604800-647999	10 PIV	90% (9 PIV)	10% (1 PIV)
Phase 9	648000-1154203	5 PIV	90% (4.5 PIV)	10% (0.5 PIV)
Phase X	1154203-∞	6 PIV	84% (5 PIV/zPIV)	16% (1 PIV)