PIVX Coin Specs

PIVX has created a detailed cryptocurrency technical specification.

PIVX CoreSpecification

  • Consensus Algorithm Proof of Stake (Cold & Hot PoS)
  • Block size Max. 2 MB
  • Block Time 60 Seconds (Re-targeting every block with 15 seconds granularity)
  • 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 collateral per masternode

Wallet Ports

mainnet

51472

rpcmain

51473

testnet

51474

rpctest

51475

regTest

51476

User DataProtection

512 B

SHIELD Transaction Size

60

Max. TPS for SHIELD Transactions

5-10 ms

SHIELD Verification Time

v5.6.1

Custom zk-SNARKs Sapling Protocol

SHIELD Protection

CoinEmission Rate

Block reward

10 PIV per block

4 PIV goes to Staker, and 6 PIV to Masternode owner

Budget reward

Max 10 PIV per block

Max 432,000 PIV per cycle, allocated only if proposals were voted in

DynamicCoin Supply

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

PIVX Economics Economic White Paper

MaximumCoin Supply

At Jan 2020

61,971,714 PIV

By Jan 2030

153,330,676 PIV

By Jan 2040

271,671,676 PIV

Theoretical maximum. Actual coin supply is expected to be lower due to fee burn & partial budget generation.

Proof of StakeStake Eligibility

(PIV)

UTXOStake Eligibility

600 confirmations

(approx. 10 hours)

Post-StakeStake Eligibility

600 confirmations

(approx. 10 hours)

Post-StakeSpend Eligibility

100 confirmations

(approx. 1.66 hours)

WalletStatus

Hot staking requires core wallet to remain online and unlocked for staking.

TransactionSend Eligibility

Minimum Confirm (PIV): 1 CONFIRMATION

Specification ofMasternodes

Heartbeat Time

5minutes *

Time to ENABLE

600minutes *

Node Expiration

120minutes

Node Removal

130minutes

NOTE:

* Proof of Service

Masternode must send the heartbeat every 5 minutes for 10 hrs.

Masternodes

MasternodeStates

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.

Proof of Work (PoW)Phase Period

(FINISHED)

January 30th 2016 to August 17 2016

Proof of Stake (PoS)Phase Period

(CURRENT)

August 17 2016 from block 259201 onward