PIVX: PRIVATE INSTANT VERIFIED TRANSACTION - POS 3.0 - ZEROCOIN PROTOCOL

elishagh1

Member
Feb 15, 2016
41
82
58
Ghana











PoW Phase Period: January 30th 2016 to August 17 2016 (FINISHED)
PoS Phase Period: August 17 2016 to Forever
Block Time: 60 Seconds with retargeting every block (approx. 1440 blocks per day)
PoW Phase Max Coin Supply: 43,199,500
PoW Algorithm: Quark
PoW Block Reward: [block# 2-151200] 250 PIV [block# 151201-259200] 50 PIV
Premine: [block# 1] 60k Premine for creation of 6 Masternodes for the functioning of the network.
Premine: [block# 1] 60k Premine was publicly burned at block 279917. No more premine exists.
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) (Complete)
PoS Phase 2: [blocks 302400-345599] 45 PIV (90% SEESAW ~ 10% BUDGET) (Complete)
PoS Phase 3: [blocks 345600-388799] 40 PIV (90% SEESAW ~ 10% BUDGET) (Complete)
PoS Phase 4: [blocks 388800-431999] 35 PIV (90% SEESAW ~ 10% BUDGET) (Complete)
PoS Phase 5: [blocks 432000-475199] 30 PIV (90% SEESAW ~ 10% BUDGET) (Complete)
PoS Phase 6: [blocks 475200-518399] 25 PIV (90% SEESAW ~ 10% BUDGET) (Complete)
PoS Phase 7: [blocks 518400-561599] 20 PIV (90% SEESAW ~ 10% BUDGET) (In-Progress)
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)


Blackcoin PoS 3.0 White Paper
Seesaw Mechanism White Paper
Zerocoin Protocol White Paper




If you are running Debian/Ubuntu/Mint etc. You can install the binaries/Daemons using Apt as well;

sudo apt-add-repository ppa:shaun-mcbride/pivx
sudo apt-get update
sudo apt-get install pivx-qt
sudo apt-get install pivxd
sudo apt-get install pivx-cli
sudo apt-get install pivx-tx


Main Website: http://pivx.org
WIKI Site: http://pivx.wiki
Masternode Info Site: https://pivxmasternode.org




 

ScioMind

Member
May 28, 2014
183
73
88
This coin looks rather interesting. Would anyone with the necessary technical knowledge care to do a comparison between DASH and PIVX? My own initial take is that the main difference, from the standpoint of the common user, is that every PIVX transaction will be untraceable and private, whereas for DASH this would be optional. This would make DASH a bit more flexible, although such flexibility might not be needed by those for whom privacy is the main focus. Also, it seems that the method for implementing privacy in PIVX may be a bit more robust than is currently used in DASH...although I am not sure about that, and it also seems that would be able to implement a more robust anonymization in the future, if deemed necessary.

Anyway, I am curious about the thoughts of others on this.
 

Lariondos

Well-known Member
Foundation Member
Apr 8, 2014
89
61
158
I cannot make a full comparison, but basically, PIVX is a Dash clone. Main differences are Proof of Stake and seesaw algorithm to balance the payouts between stakers and masternodes. Looking at privacy features, there is no difference to Dash atm, but there is a plan to implement libzerocoin protocol to improve privacy.
My opinion about it regarding Dash: it looks like it could be an advantage to keep the blockchain traceable in the future, if you target mass adoption and not dark markets.
 
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camosoul

Grizzled Member
Sep 19, 2014
2,261
1,130
1,183
If DASH refuses to capitalize on it's own innovations, someone else will...