User

Guides

PIVX community has created a detailed list of key user guides to help you
easily navigate the PIVX working process.
Featured

Guides

Check out the most used PIVX Guides

Cold Staking

How to setup Cold Staking

Masternode

Masternode Setup Guide

Installation & Setup

User Guides

From the Core PIVX wallet installation to a Masternode setup, select a user guide from the list below.

PIVX Proof of Stake

Introduction to PIVX Proof of Stake

Staking Requirements

What you need to Stake PIVX

Staking

Introduction to PIVX Proof of Stake

Cold Staking on Ledger

What you need to Stake PIVX

Masternode Hosting

Introduction to PIVX Proof of Stake

Voting

What you need to Stake PIVX

Pre-proposal

Introduction to PIVX Proof of Stake

Proposal

What you need to Stake PIVX

Android

Introduction to PIVX Proof of Stake

QT Wallet

What you need to Stake PIVX

What is PIVX?

Introduction to PIVX Proof of Stake

How and Where to Download PIVX

What you need to Stake PIVX

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You can learn more in the PIVX Knowledgebase or post your questions in the PIVX Forum or Discord.

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Frequently asked

Questions

What is a Proof of Stake?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake. It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero. They use more energy than a small country to power their blockchain. PIVX uses far less energy than Bitcoin or Monero.

What are the advantages of PoS over PoW?

Compared to the PoW cryptocurrencies like Bitcoin or Monero, it is far easier and less costly to participate in the network and receive rewards with PIVX. You can stake even with 1 PIV, and with PIVX's Cold Staking, you have the opportunity to keep your energy and hardware costs as low as possible.

What is Staking?

Staking is the process of locking your coins for any time period set by you in order to help the network achieve consensus of proof of stake by validating every transaction that occurs on the network to be written permanently to the blockchain. In return stakers that mint the next block are rewarded a block reward.

How does the staking work?

Whenever an user has at least 1 PIV in their fully synchronized PIVX core wallet, that node then is permitted to participate in the network with its corresponding amount of stake. PIVX uses an advanced Proof of Stake algorithm, which effectively secures the network against malicious actors. This allows PIVX owners to receive block rewards just by helping to secure the network. Anyone who owns PIV can stake and receive rewards.

How can I receive PIVs as the rewards with Proof of Stake?

It is simple. Buy PIVs on the exchange, move coins to your wallet, hold, and unlock your wallet for staking. The more coins you hold in your wallet, the more likely you will get a reward.

What is Cold Staking versus Hot Staking?

Hot staking is a staking method that requires the wallet containing your coins to be online 24/7 in order to receive rewards. Cold Staking allows you to delegate your PIVX to a staking node to stake on your behalf without sending them your PIV. This allows you to securely stake without the need for the wallet storing your PIV to be kept online.

What does it mean to delegate PIVs for Cold Staking?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake. It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero. They use more energy than a small country to power their blockchain. PIVX uses far less energy than Bitcoin or Monero.

What is a Proof of Stake?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake. It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero. They use more energy than a small country to power their blockchain. PIVX uses far less energy than Bitcoin or Monero.

What are the advantages of PoS over PoW?

Compared to the PoW cryptocurrencies like Bitcoin or Monero, it is far easier and less costly to participate in the network and receive rewards with PIVX. You can stake even with 1 PIV, and with PIVX's Cold Staking, you have the opportunity to keep your energy and hardware costs as low as possible.

What is Staking?

Staking is the process of locking your coins for any time period set by you in order to help the network achieve consensus of proof of stake by validating every transaction that occurs on the network to be written permanently to the blockchain. In return stakers that mint the next block are rewarded a block reward.

How does the staking work?

Whenever an user has at least 1 PIV in their fully synchronized PIVX core wallet, that node then is permitted to participate in the network with its corresponding amount of stake. PIVX uses an advanced Proof of Stake algorithm, which effectively secures the network against malicious actors. This allows PIVX owners to receive block rewards just by helping to secure the network. Anyone who owns PIV can stake and receive rewards.

How can I receive PIVs as the rewards with Proof of Stake?

It is simple. Buy PIVs on the exchange, move coins to your wallet, hold, and unlock your wallet for staking. The more coins you hold in your wallet, the more likely you will get a reward.

What is Cold Staking versus Hot Staking?

Hot staking is a staking method that requires the wallet containing your coins to be online 24/7 in order to receive rewards. Cold Staking allows you to delegate your PIVX to a staking node to stake on your behalf without sending them your PIV. This allows you to securely stake without the need for the wallet storing your PIV to be kept online.

What does it mean to delegate PIVs for Cold Staking?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake. It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero. They use more energy than a small country to power their blockchain. PIVX uses far less energy than Bitcoin or Monero.

What is a Proof of Stake?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake. It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero. They use more energy than a small country to power their blockchain. PIVX uses far less energy than Bitcoin or Monero.

What are the advantages of PoS over PoW?

Compared to the PoW cryptocurrencies like Bitcoin or Monero, it is far easier and less costly to participate in the network and receive rewards with PIVX. You can stake even with 1 PIV, and with PIVX's Cold Staking, you have the opportunity to keep your energy and hardware costs as low as possible.

What is Staking?

Staking is the process of locking your coins for any time period set by you in order to help the network achieve consensus of proof of stake by validating every transaction that occurs on the network to be written permanently to the blockchain. In return stakers that mint the next block are rewarded a block reward.

How does the staking work?

Whenever an user has at least 1 PIV in their fully synchronized PIVX core wallet, that node then is permitted to participate in the network with its corresponding amount of stake. PIVX uses an advanced Proof of Stake algorithm, which effectively secures the network against malicious actors. This allows PIVX owners to receive block rewards just by helping to secure the network. Anyone who owns PIV can stake and receive rewards.

How can I receive PIVs as the rewards with Proof of Stake?

It is simple. Buy PIVs on the exchange, move coins to your wallet, hold, and unlock your wallet for staking. The more coins you hold in your wallet, the more likely you will get a reward.

What is Cold Staking versus Hot Staking?

Hot staking is a staking method that requires the wallet containing your coins to be online 24/7 in order to receive rewards. Cold Staking allows you to delegate your PIVX to a staking node to stake on your behalf without sending them your PIV. This allows you to securely stake without the need for the wallet storing your PIV to be kept online.

What does it mean to delegate PIVs for Cold Staking?

Proof of Stake is an emerging consensus mechanism that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called blockchain. In the new age of Digital Currencies, there has to be something to back the creation of the coins, and with that comes Proof of Stake. It is the green way of receiving (staking) crypto in comparison to the Proof of Work coins you have probably heard of with Bitcoin or Monero. They use more energy than a small country to power their blockchain. PIVX uses far less energy than Bitcoin or Monero.