The distributed network of individual nodes provides validation of each transaction and block being added to the blockchain, ensuring the blocks and transactions are valid.
Running a node on the network will automatically participate in the validation of blocks and transmission of blocks, while your wallet constantly evaluates your personal PIV transactions to see if you win the right to create the next block.
The target block spacing is 60 seconds. Time Protocol V2 greatly reduces the variability between the actual block spacing.
Proof of Stake can be done on everyday household computing platforms and does not require any specialized mining equipment or high energy costs to keep the network functioning.
Every UTXO has the chance of winning a stake, with a linear reduction in difficulty based on the value of the UTXO. PIVX does not have any age multiplier in the staking algorithm.
Current Block Height
Avg Transaction Fee
A vast improvement over traditional Proof of Stake implementations, Time Protocol V2, introduced in PIVX v4.0, reduces the amount of work spent calculating staking hashes, brings more consistency to the network block times, reduces RAM usage and provides a fairer distribution of block rewards.
These improvements lower the barrier of entry for staking, allowing for low-end devices and smaller coin balance to efficiently stake their PIV.
Estimate your rewards and see how simple it is to receive staking rewards with PIVX.
NOTE: There is no way to know how many nodes are running on the network, and how much PIV is being staked at any given time, so these calculations are educated estimates.