PIVX (Private Instant Verified Transaction) Specifications

PoW Phase Period: January 30th 2016 to August 17 2016 (FINISHED)

PoS Phase Period: August 17 2016 to Forever

PoW Algorithm: Quark

PoW Block Reward: [block# 2-151200] 250 PIV [block# 151201-259200] 50 PIV

PoW/PoS Block Time: 60 Seconds with retargeting every block (1440 blocks per day)

Premine: [block# 1] 60k for creation of 6 Masternodes for the functioning of the network.

Premine: [block# 1] 60k was publicly burned at block 279917. No more premine exists.

PoW Phase Max Coin Supply: 43,199,500

PoW Rewards Breakdown:

[Block 000002-432000] 20% MN (50 PIV) / 80% MINER (200 PIV)
[Block 043201-151200] 20% MN (50 PIV) / 70% MINER (200 PIV) / 10% BUDGET (25 PIV)
[Block 151201-259200] 45% MN (22.5 PIV) / 45% MINER (22.5 PIV) / 10% BUDGET (5 PIV)

PoS Rewards Breakdown:

PoS Phase 1: [blocks 259201-302399] 50 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 2: [blocks 302400-345599] 45 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 3: [blocks 345600-388799] 40 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 4: [blocks 388800-431999] 35 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 5: [blocks 432000-475199] 30 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 6: [blocks 475200-518399] 25 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 7: [blocks 518400-561599] 20 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 8: [blocks 561600-604799] 15 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase 9: [blocks 604800-647999] 10 PIV (90% SEESAW ~ 10% BUDGET)
PoS Phase X: [blocks 648000-Infinite] 05 PIV (90% SEESAW ~ 10% BUDGET)