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SecurePivxMasternodeTool.spec
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spmt.py

README.md



SPMT

SPMT: Secure Pivx Masternode Tool is a software to securely manage multiple PIVX masternodes while keeping the collateral safely stored on Ledger Nano S hardware wallets.

Running a PIVX masternode usually requires setting up two PIVX full nodes:

  1. the Masternode, that runs 24/7 (usually on a VPS) and holds no funds

  2. the Control Wallet, that holds the collateral and does not need to be always on-line.
    It is used only to spend rewards, to vote on proposals, or to send a message (signed with the key of the collateral) to activate the remote node when it needs to be started.

SPMT allows the user to store the collateral on a Ledger Nano hardware wallet and replaces the control wallet, allowing the user:

  • to sign with the collateral private key the start-message for the remote node and broadcast it.
  • to spend masternode rewards without inadvertently including the collateral.
  • to interact with the PIVX governance system reviewing proposals and budgets, and casting votes.

The tool connects to the PIVX blockchain through public remote servers but it's also possible to use a local running PIVX full node as RPC server or add customized remote servers.


Additional References:

For an overview of how "traditional" masternodes work (without hardware wallets), see the knowledge-base guide:
Masternode Setup Guide

For a self-hosted masternode setup with SPMT check the following guide:
Self-hosted MN from scratch (by TheEconomist)

For an ODROID XU4 masternode setup with SPMT, check the following video tutorial:
How to setup a PIVX Masternode using SPMT and a Nano Ledger on an ODROID XU4 (by Cryptoshock LLC)

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