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Sieres authored Feb 4, 2018
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Expand Up @@ -3,12 +3,10 @@ PIVX Core integration/staging repository

[![Build Status](https://travis-ci.org/PIVX-Project/PIVX.svg?branch=master)](https://travis-ci.org/PIVX-Project/PIVX) [![GitHub version](https://badge.fury.io/gh/PIVX-Project%2FPIVX.svg)](https://badge.fury.io/gh/PIVX-Project%2FPIVX)

PIVX is a cutting edge cryptocurrency, with many features not available in most other cryptocurrencies.
- Anonymized transactions using the _Zerocoin Protocol_.
PIVX is an open source crypto-currency focused on fast private transactions with low transaction fees & environmental footprint. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes and 10% dedicated for budget proposals. The goal of PIVX is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.
- Anonymized transactions using the [_Zerocoin Protocol_](http://www.pivx.org/zpiv).
- Fast transactions featuring guaranteed zero confirmation transactions, we call it _SwiftX_.
- Decentralized blockchain voting providing for consensus based advancement of the current Masternode
technology used to secure the network and provide the above features, each Masternode is secured
with a collateral of 10K PIV.
- Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

More information at [pivx.org](http://www.pivx.org) Visit our ANN thread at [BitcoinTalk](http://www.bitcointalk.org/index.php?topic=1262920)

Expand All @@ -27,14 +25,9 @@ More information at [pivx.org](http://www.pivx.org) Visit our ANN thread at [Bit
### Reward Distribution

<table>
<th colspan=4>PoW Phase</th>
<tr><th>Block Height</th><th>Reward Amount</th><th>Notes</th><th>Duration (Days)</th></tr>
<tr><td>1</td><td>60,000 PIV</td><td>Initial Premine</td><td>0 Days</td></tr>
<tr><td>2-151200</td><td>250 PIV</td><td rowspan=2>Open Mining</td><td rowspan=2> Approx 180 Days</td></tr>
<tr><td>151201-259200</td><td>50 PIV</td></tr>
<tr><th colspan=4>PoS Phase</th></tr>
<tr><th>Block Height</th><th colspan=3>Reward Amount</th></tr>
<tr><td>259201-Infinite</td><td colspan=3>Variable based on <a href="https://pivx.org/knowledge-base/see-saw-rewards-mechanism/">SeeSaw Reward Mechanism</a></td></tr>
<th colspan=4>Genesis Block</th>
<tr><th>Block Height</th><th>Reward Amount</th><th>Notes</th></tr>
<tr><td>1</td><td>60,000 PIV</td><td>Initial Pre-mine, burnt in block [279917](http://www.presstab.pw/phpexplorer/PIVX/block.php?blockhash=206d9cfe859798a0b0898ab00d7300be94de0f5469bb446cecb41c3e173a57e0)</td></tr>
</table>

### PoW Rewards Breakdown
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