How About PIVX Coins? How To Mine PIVX Coins?
By Alice 15 Nov 2022

How about PIVX coins?



Private Instant Verification transactions, known as Puvitch, are open source cryptocurrencies that ensure security and privacy, using a decentralized mechanism. It was released under the name Darknet(DNET) before February 1, 2016, when it was officially renamed Puwei Coin. When DNET was converted into the current PoS phase, the initial distribution phase using the Certificate of Work (PoW) was also terminated in August 2016.

 

Proviex uses Blackcoin's Proof-of-Interest (PoS)2.0 protocol and runs on the basis of Bitcoin's core 0.0.x codebase. It utilizes a network of master nodes to achieve an open decentralized regulatory approach while enhancing transaction privacy.

 

The main goal of Puvecoin is to realize near-instant private transactions and build a sustainable network management mechanism to protect the interests of all users. We are currently working to achieve these goals, and although some features are under development, they will be implemented in the near future.

 

Puviti has a free and open task and development environment, as well as a highly attuned development team. We use multiple social networking channels and social media platforms to make it easier for users to get in touch. The development team welcomes anyone to contribute their technical expertise and join us in the development of Puviti. We encourage people to work harder than ever before. Here, there is no need to worry about personnel oversight, hierarchy, and the constraints of authority created by hierarchical organizations.

 

 

 


How to mine PIVX coins?


 

In order to promote the proportion balance between the equity node and the master node in the network, the team developed a variable seesaw reward balance system, which can dynamically adjust the block reward share between the master node and the equity node. 10% of each PoS block award is dedicated to the budget system and 90% is dedicated to master node and equity mining revenue awards. In the reward part, the seesaw reward balance system is used for further dynamic distribution between the master node and the equity node.

 

The higher the number of master nodes, the less the reward part of each equity certificate block, that is, the reward proportion paid to the master node also decreases, and the reward proportion used for equity nodes increases. On the contrary, when the number of master nodes decreases, the reward proportion of master nodes increases, while the reward proportion of equity nodes decreases correspondingly. When the number of coins assigned by the master node is less than 1% of the total coin supply, the equity certificate block award starts at a ratio of 9 to 1.

 

However, as the number of coins locked to the master node exceeds 41.5% of the total Puvitch coins, the total block reward will be transferred to the equity node based on a block reward quota greater than 50%. Doing so makes the master node less attractive because it is more likely to reduce its profitability than an investment with less maintenance costs. This threshold was chosen because it would contribute to a strong and profitable master node network, as it would stimulate the generation of 60 percent of the total coin supply, which would be used to anchor the network and maintain currency liquidity.

 

 

 

In general, the above content introduces how PIVX currency and PIVX currency is how to mine, I believe you will understand after reading, PIVX Puvy currency is an anonymous person-to-person currency, using private instant verification transaction as the default way. Secondly, Puvecoin adopts the improved proof of interest 3.0 protocol of black coin to replace the proof of work mechanism, which can more effectively ensure network security. Due to the POS mechanism, the transaction fees are very low.


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