All Services

01

Pivx Lite rewards holders of the coin by paying 30% of the block reward (.60 PIVXL) for staking your coins. This means you keep your wallet open and unlocked to create what is known as a node to better protect the network. We use environmentally friendly POS 3.0 and rewards occur automatically after only a few hours.

02

Zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”. It is an encryption protocol that completely obfuscates the sender and receiver address and also the amount of coins transferred in the block.

03

Pivx Lite masternodes allow transactions to be confirmed instantly. A node requires 100,000 Pivx Lite coins and the owner will receive rewards randomly throughout every day the node is online for service. Masternode owners receive 1.4 coins per block for the service they provide.

Zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”. It is an encryption protocol that completely obfuscates the sender and receiver address and also the amount of coins transferred in the block.

Pivx Lite generates a new block every 60 seconds. This is one of the fasted block times in the crypto space. 2 PIVXL coins are generated per block and with the implementation of Pivx Lite masternodes transaction confirmations are instant.

POW was only active for a few days to generate the exact amount of coins necessary for a 1 to 1 coin swap of former Quark 2.0 holders. We have a snapshot at block 353,155 (August 2019) to swap out all coins 1 to 1. This means we mined 9,321,106 coins for the coin swap. Proof of work was then deactivated and the network is now supported by POS and masternodes only.

Pivx Lite has extremely low transaction fees compared to most other coins and tokens. The average cost for a transfer using is only 0.000085 PIVXL. The average transaction cost utilizing zk-SNARK encryption is only 0.02 PIVXL. Transaction fees are burnt.