diff --git a/README.md b/README.md index 1b17f61d9eb81..b5787edd14eb4 100644 --- a/README.md +++ b/README.md @@ -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) @@ -27,14 +25,9 @@ More information at [pivx.org](http://www.pivx.org) Visit our ANN thread at [Bit ### Reward Distribution
PoW Phase | -|||
---|---|---|---|
Block Height | Reward Amount | Notes | Duration (Days) |
1 | 60,000 PIV | Initial Premine | 0 Days |
2-151200 | 250 PIV | Open Mining | Approx 180 Days |
151201-259200 | 50 PIV | ||
PoS Phase | |||
Block Height | Reward Amount | ||
259201-Infinite | Variable based on SeeSaw Reward Mechanism | Genesis Block | +|
Block Height | Reward Amount | Notes | |
1 | 60,000 PIV | Initial Pre-mine, burnt in block [279917](http://www.presstab.pw/phpexplorer/PIVX/block.php?blockhash=206d9cfe859798a0b0898ab00d7300be94de0f5469bb446cecb41c3e173a57e0) |