PIVX

Coin Specs

PIVX has created a detailed cryptocurrency technical
specification.
Algorithm
Proof of Stake (Cold & Hot PoS)
Block Time
Max. 2 MB
Transactions per second
60 Seconds (Re-targeting every block with 15 seconds granularity)
Mine-able
173 TPS (Current theoretical maximum)
Stake-able
No
Masternode Support
Yes. 10,000 PIV collateral per masternode

WALLET PORTS

51472

MAINNET

51472

RPCMAIN

51472

TESTNET

51472

RPCTEST

User Data

Protection

512 B

SHIELD Transaction Size

60

Max. TPS for SHIELD Transactions

5-10 ms

SHIELD Verification Time

v5.0.1

Custom zk-SNARKs Sapling Protocol

Coin

Emission Rate

Block Reward

2 PIV goes to Staker, and 3 PIV to Masternode owner

Budget reward

Max 43200 PIV per cycle, allocated only if proposals were voted in

Dynamic

Coin Supply

ALL transaction fees are burnt from coin supply to offset emission rate.

at feb 2030
62,403,724 PIV
at feb 2030
62,403,724 PIV
at feb 2030
62,403,724 PIV
Theoretical maximum. Actual coin supply is expected to be lower due to fee burn & partial budget generation.
Coin

Emission Rate

Stake eligibility
600 confirmations
(approx. 10 hours) UTXO
Stake eligibility
600 confirmations
(approx. 10 hours) Post-Stake
Stake eligibility
600 confirmations
(approx. 1.86 hours) Post-Stake
Stake eligibility
Wallet
Hot staking requires core wallet to remain online and unlocked for staking
Transaction

Send Eligibility

Minimum Confirm (PIV): 1 CONFIRMATION

5 min

Heartbeat Time

600 min

Time to ENABLE

120 min

Node Expiration

130 min

Node Removal

NOTE: Proof of Service Masternode must send the heartbeat every 5 minutes for 10 hrs.
Masternode

States

PRE_ENABLED

Masternode in-queue, waiting to be fully enabled.

ENABLED

Fully functional masternode

EXPIRED

Masternode that didn't heartbeat the network for 2 hours.

REMOVE

Masternode removed from the queue.

VIN_SPENT

Masternode collateral spent, removed from the queue.

Phase Period

Proof of Work (PoW)

January 30th 2016 to August 17 2016 (FINISHED)
Phase Period

Proof of Stake (PoS)

August 17 2016 from block 259201 onward

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