Coin Specs



Core Specification
Consensus Algorithm: PoS + zPoS Hybrid
Block size: 2 MB
Block Time: 60 Seconds (Re-targeting every block)
Transactions per second: 173 TPS (current theoretical maximum)
Mine-able: No
Stake-able: Yes (Earn block reward from coin ownership)
Masternode Support: Yes, 10,000 PIV per masternode

Coin Emission Rate
Block reward: Max. 5 PIV per block (split dynamically between staker & masternode)
Budget reward: Max. 1 PIV per block (paid out monthly)

Coin Supply Control
Dynamic Coin Supply: ALL transaction fees & zPIV minting fees are burnt.

Maximum Coin Supply
At June 2018: 56,550,297 PIV
By June 2020: 62,857,497 PIV
By June 2040: 125,929,497 PIV
By June 2060: 189,001,497 PIV
(Theoretical maximum. Will actually be lower due to fee burning + partial budget generation.)


PoS Stake Eligibility (PIV)
Maturity Confirms: 101 confirms
Wallet Status: Requires core wallet to remain online and unlocked for staking.


zPoS Stake Eligibility (zPIV)
Maturity Confirms: 200 confirms
Wallet Status: Requires core wallet to remain online and unlocked for staking.

Transaction Send Eligibility
Minimum Confirm (PIV) : 6 confirms
Minimum Confirm (zPIV): 20 confirms + 1 new mint of the same denomination in the network

SwiftX Eligibility
Confirmations: 1 for locking and 6 to spend.
Collateral held time: 15 minutes.

Privacy Feature
Privacy Technology: Custom Zerocoin Protocol based on libzerocoin (we call this zPIV)
Key Features: Custom accumulator check-pointing system
Accumulator Modulus: RSA-2048
zPIV Denominators: 1, 5, 10, 50, 100, 500, 1000, 5000
Mint time: >= 0.5 seconds
Spend time: >= 2.5 seconds
Maximum single Spend limit: 35,000 PIV
Maximum single Spend denomination count limit: 7
Fees (mint): 0.01 PIV per minted zPIV denomination.
Fees (spend): No fee
Minimum PIV confirmation count required to mint zPIV: 6 confirmations
Minimum zPIV confirmation count required before spend: 20 confirmations
Maturity requirement before zPIV can be spent: 1 new identical denomination mint added to accumulator

Proof of Work (PoW) Phase Period
January 30th 2016 to August 17 2016 (FINISHED)

Proof of Stake (PoS) Phase Period
August 17 2016 from block 259201 onward (CURRENT)

Zerocoin Proof of Stake (zPoS) Phase Period
May 3 2018 from block 1153161 onward (CURRENT)

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