PoW Phase Period: January 30th 2016 to August 17 2016 (FINISHED)
PoS Phase Period: August 17 2016 onward starting at block 259201 (CURRENT)
Block size: 2 MB
Block Time: 60 Seconds (Re-targeting every block)
Coin Emission Rate: Max. 5 PIV per block (Always less due to burnt fees & unused treasury)
Coin Supply Control: ALL transaction & zPIV minting fees are burnt from coin supply.
PoS Stake Eligibility
Minimum Input Age: 60 minutes
Maturity Confirms: 101 confirms
Wallet Status: Requires wallet to be kept running & online.
Transaction Send Eligibility
Minimum Confirm: 6 confirms
1 confirm for locking and 6 confirm to spend.
Collateral held for 15 minutes.
Privacy Technology: Custom Zerocoin Protocol based on libzerocoin (we call this zPIV)
Key Features: Custom accumulator check-pointing system
Accumulator Encryption: 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 to spend zPIV back to PIV.
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: 2 new identical denomination mint added to accumulator
Initial Masternode Coins: (now burnt & no longer exists in coin supply)
[block# 000001] 60,000 PIV for creation of 6 Masternodes for the functioning of the network.
[block# 279917] 60,000 PIV was publicly burned at block 279917.