So, what is a Masternode?

A node (different then a masternode) can simply be understood as a computer that plays a part in ensuring the integrity of the Pivx Lite network. The Pivx Lite environment is not only decentralized but also distributed, therefore it functions best by many people running nodes located in different parts of the world. That said, you require a full node to host a copy of the Blockchain (coin’s ledger) and thus support the network.
A masternode is a full node (computer wallet) that supports the network by hosting an entire copy of the coin’s ledger in real time. In return, the masternode will receive PIVXL coins as a reward. Masternode owners receive 70% of the block reward.


Understanding how the Pivx Lite Masternode Operates

To help you understand masternodes further, let’s explore the different kinds of Blockchain in existence, and discover which one can run a masternode.
There are two common types of Blockchain out there, namely:

  • POW (proof of work)
  • POS (proof of stake)

Each Blockchain has its own unique mechanism through which it process transactions to enable Blockchain functions.
POW Blockchains (Bitcoin is under this category) are supported by ‘miners’. They enable transactions through ‘mining’ of Blocks that are then finally added onto the Blockchain. They attain that by use of rigs.
Think of rigs as computers that do the processing of data at very high speeds and essentially guessing answers to puzzles. The rig that gets the correct answer gets rewarded. However, the main challenge with POW is its high consumption of energy.
This has triggered a shift to POS as an alternative. POS Blockchain is supported by Masternodes. As we earlier mentioned, Masternodes are computers that enable processing of transactions within a Blockchain and in return earn a reward from the blocks created. They operate under a system that is collateral-based to guarantee the provision of services that are genuine. They act as the Blockchain network backbone or if you like, as a bonded validation system that insures the integrity and validity of all Pivx Lite transactions.
Pivx Lite is what is known as a pure POS because we use POS along with masternodes to better secure the network from attack and increase the transaction speed which is among the fastest in the industry. On top of that masternodes add an additional layer of protection and security as explained below.

Obfuscation / Coin Mixing

As the new Pivx Lite masternode code is based on PIVX, it also features obfuscation, which is done in a decentralized, independent fashion facilitated by the network of Pivx Lite masternodes. This provides an additional layer of privacy in transactions that are sent using obfuscation and sometimes referred to as “coin mixing”. While not perfectly anonymous, obfuscation via masternode mixing it is far superior to the standard Bitcoin transaction.
For example, all Bitcoin transactions are transparent and can be easily followed across the blockchain. For Pivx Lite, a nefarious actor would need to control at least 50% of the operating masternodes to have a greater than 0.5% chance of deanonymizing (uncovering the origins) a single transaction that was mixed with 8 rounds of obfuscation. This important feature provides a high-level of anonymity for Pivx Lite users that elect to obfuscate their transaction.

Swift TX

Swift TX is based on Dash InstantSend but better – when enabled networkwide,SwiftTX provides masternodes with locking and consensus authority for transactions. When a transaction is submitted to the network, a group of masternodes will immediately validate the transaction. If those masternodes reach consensus on the transactions validity it will be locked for later introduction into the blockchain, greatly increasing transaction speed compared to conventional systems (like Bitcoins 10 minute block times with multiple confirmation needed).
SwiftTX makes it possible for multiple transactions to take place before a block on the network is mined with the same inputs. This system is based on Dash InstantSend. Transaction time is instant with ZERO confirmation wait time.

Why run a Masternode?

Besides the coin rewards that you get from running a Masternode, here are more reasons why you should consider a Masternode:

  • It increases the privacy of the transactions
  • It enables instant transactions
  • It allows the user to take part in the governance of Pivx Lite as well as voting on proposals
  • It enables the treasury and budgeting system of Pivx Lite to be fully funded
So, how much can you make from running a Masternode?

Your own masternode enables you to earn some passive income from participating in network maintenance functions. However, there is no one-size-fits-all response on how much you can earn. Generally, it would depend on the following factors:

  • The current price of Pivx Lite;
  • Whether you already have a computer with a static IP address or will use a service;
  • The eventual rise or declining in value of a coin into the future.

For instance, running a Masternode for Pivx Lite is likely to earn you a reward of up to 70% of the block reward. The rate of interest (ROI) of Pivxl fluctuates with several variables dependent on the activity of nodes on the network. As such, no concrete number can be given with any degree of certainty, though earning ~3% on QRK (traditionally the lowest-paying method of gaining interest) is a safe bet, with other methods a good deal higher.

How to Run a Masternode

The Hosting of a masternode requires a server with an unlimited internet bandwidth connection and static ip address. You can run you masternode at or at For a Pivx Lite masternode you are required to deposit 100,000 Pivxl to start off in what is known as a collateral wallet. Once you download and integrate your wallet with the minimum amount, you are good to go and can be up and running your very own masternode in less than 10 minutes.

User Provided Information

You provide certain Personally Identifiable Information, such as your mobile phone number, push notification name (if applicable), and mobile device information to Pivx Lite when choosing to participate in various uses offered by Pivx Lite Service, such as registering as a user. In order to provide the Pivx Lite Service, we will periodically access your address book or contact list on your mobile phone to locate the mobile phone numbers of other Pivx Lite users, or otherwise categorize other mobile phone numbers as “Other Contacts” numbers, which are stored as one-way irreversibly hashed values. At the time of registration of the Pivx Lite mobile application, will confirm your mobile number identity by receiving SMS. the Pivx Lite application will automatically read your SMS for mobile number verification process.

By voluntarily providing us with personal data, you are consenting to our use of it in accordance with this Privacy Policy. If you provide personal data to us, you acknowledge and agree that such personal data may be transferred from your current location to the offices and servers of Quark 2.0 and the authorized third parties referred to in this policy, some of whom may be located in the Singapore or other countries
where we store our servers.

How We Protect The Data We Collect

We use reasonable physical, electronic, and procedural safeguards to protect the personal information that we obtain from you from loss, misuse, and unauthorized access, disclosure, alteration, and destruction. Please note that we are not responsible for the security of any data you are transmitting over the Internet, or any data you are storing, posting, or providing directly to a third party’s website, which is governed by that party’s policies. Please note that no method of transmission over the Internet or method of electronic storage is 100% secure.
If you have further questions about security, you can contact us at

Data Retention

If you wish to close your Pivx Lite account altogether, please let us know by submitting a request to We may retain information about you in our databases for as long as your account is active or as needed to provide you services and in accordance with applicable laws. Our retention and use of your information will be as necessary to comply with our legal obligations, resolve disputes, and enforce our agreements. The retention period may extend beyond the end of your relationship with us, but it will be only as long as it is necessary for us to have sufficient information to respond to any issues that may arise later. For example, we may need or be required to retain certain information to prevent fraudulent activity, protect ourselves against liability, permit us to pursue available remedies or limit any damages that we may sustain, or if we believe in good faith that a law, regulation, rule or guideline requires it.

Access to Information

We will respond to your request for access to information we collect about you within the time frame required by applicable law.

Sharing Data

We may share your information as follows:

You’ve consented or otherwise given us permission to share; We’ve aggregated or de-identified the information, so that it cannot reasonably be used to identify you; With third party service providers who we use in delivering our service, including certain advertising, referral, operations, financial services and technology services (such as hosting providers, identity verification, support, payment, and email service providers); If required by applicable law or legal process, or if we believe it is in accordance with applicable law or legal process; To protect the rights, property and safety of Pivx Lite, our users and the public, including, for example, in connection with court proceedings, or to detect or prevent criminal activity, fraud, material misrepresentation, or to establish our rights or defend against legal claims; or In connection with
selling, merging, transferring, or reorganizing all or parts of our business.

Email Communications

If you opted-in to receive information about our product, updates and offers, we will use your name and email address to send this information to you. If you no longer wish to receive these communications, you can unsubscribe by following the instructions contained in the emails you receive or on our website. Please note that we may send you transactional and relationship messages, even if you have unsubscribed from our marketing communications. For instance, if our service is going to be temporarily suspended for maintenance, we might send you an email to update you.

Links to Other Websites and Online Services

Our website may include links to other websites or online services, whose privacy practices may differ from those of Pivx Lite. If you submit information to any of those websites or online services, your information is governed by their privacy statements. We encourage you to carefully read the privacy statement of any website you visit.

Changes to this Policy

We may make changes to this Privacy Policy. If we make changes, we will notify you by revising the date at the top of the policy. If we make material changes, we will do so in accordance with applicable legal requirements, and we will post a notice on our website and mobile applications alerting you to the material changes prior to such changes becoming effective. We encourage you to periodically review this page for the latest information on our privacy practices..

Contact Us

To keep your personal data accurate, current, and complete, please contact us at We will take reasonable steps to update or correct personal data in our possession that you have previously submitted using our services. Please also feel free to contact us if you have any questions about our Privacy Policy or the information practices of the Pivx Lite Services.

To keep your personal data accurate, current, and complete, please contact us at
We will take reasonable steps to update or correct personal data in our possession that you have previously submitted using our services. Please also feel free to contact us if you have any questions about our
Privacy Policy or the information practices of the Quark 2.0 Services.

Privacy policy