Decentralized systems are great, but when they are controlled by a few and not focused on the community or by the community, your wealth and privacy are not ensured.
PIVX provides you with your very own personal wealth security and the means to secure your current and future transactions, privately.
What’s the big deal?
PIVX Masternodes are like your very own secured savings account. You deposit 10,000 PIV, and you are rewarded with 1 PIVX masternode. This entitles you to earn rewards (think interest), as well as participate in the governance of PIVX itself. Rather than the bank telling you what to do, you control your wealth and, well, the bank itself! Better yet, your funds never leave your possession, and you remain securely in control at all times.
The big deal is that these Masternodes can become quite valuable over time, as they become the foundation of the PIVX community and network.Learn More
- 10,000 PIV / PIVX Masternode
- Must be in a wallet
- Need dedicated IP address
- 24hr up-time is ideal
- Participate in PIVX Governance
- Earn Masternode Rewards
- Commodity option for future sale
- Help secure the PIVX network
Masternode Reward System
- Static, dependable reward sizes
- Reward split between Masternode and either PIV or zPIV Staking Node
- Masternode rewards paid out regularly for timely interest as return on your investment
- Upcoming zDEX-supporting Masternodes share in zDEX fees as reward for zDEX operational support
Reward to Masternode when block discovered by PIV Stake node
Reward to Masternode when block discovered by zPIV Stake node
Reward dedicated to budget system
It’s time you regained
control over your own privacy and wealth.
The majority of cryptocurrencies that make use of masternodes split their block reward per block equally between the mining and masternode distribution mechanisms. PIVX utilises a Proof of Stake (PoS) consensus algorithm to maintain the blockchain rather than Proof of Work (PoW). As a two-tiered network (staking nodes and masternodes), PIVX needs both in order to maintain the health of the network. The introduction of the Zerocoin for utmost privacy added another factor to the block reward structure which can be seen to the left.
Zerocoin functions best with anonymity sets—that is, a large set of fungible coins to mask those of each user. To promote the use of zPIV and the staking thereof with zPoS nodes, the PIVX team has increased the block reward for zPoS to 3 zPIV as opposed to 2 PIV with a regular PoS node. In the event a zPoS node claims the staking reward, the masternode’s reward is thus set at 2 PIV rather than 3.
zDEX-supporting masternodes will share in zDEX generated fees as reward for their supporting the operation of zDEX on the PIVX network, which will balance out the rewards obtained across node-types on the network.
Running a masternode proving difficult?
These resources will help you out.
Running a masternode may prove a little intimidating to some. Fortunately there are some useful resources available to help. From managing masternode rewards, to voting on budget proposals, these resources will make being a masternode owner nice and easy!
Remember that although masternodes are pretty good at taking care of themselves, there’s upkeep and responsibilities involved. These include ensuring your masternode remains connected to the network, keeping your masternode and collateral behind tight security, and participating in the monthly budget cycle by vetting and voting on proposals.
Secure PIVX Masternode Tool.
The Secure PIVX Masternode Tool (SPMT) is a handy application that allows for the convenient management of a user’s masternodes. Intuitive and accessible, the software allows the user to securely manage multiple PIVX masternodes while keeping the collateral safely stored on Ledger Nano S hardware wallets.
PIVXCentral Governance Tool.
PIVXCentral is a webpage-based utility that allows PIVX users to view, submit, read up on, and vote on budget proposals in the PIVX network. The site is laden with helpful and easy-to-interpret data, links to useful resources, and uses a simple UI to simplify the proposal vetting and voting experience.
What is a Masternode?
No need to stress. We have you covered.
Masternodes are mighty elements of the PIVX network. On the one hand, you can think of them as your very own private savings account (you put 10,000 PIVX as collateral into an address, and in return you are rewarded with regular interest). On the other, Masternodes are what help secure the community and relay transactions across the network.
Secure your wealth and protect your investments by obtaining a PIVX masternode to earn rewards.
With each Masternode, the ability to protect your privacy increases as the community network grows stronger.
Every masternode gets to participate in the underlying governance of PIVX. No more centralized decision making.
With a solid DEV team, the evolution of PIVX continues to build upon secure foundations and principals.
The Primary Functions
of PIVX Masternodes.
Masternodes are nodes running the same wallet software on the same blockchain to provide extra services to the network. These services include instant transactions with SwiftX, and a decentralized governance that provides a decentralized budget with an immutable proposal and voting system.
What masternodes do for you
For providing such services, you (the masternode owners) are also paid a certain portion of reward for each block. This can serve as a passive income for you over the lifetime of the masternode.
How do I run a Masternode?
In order to run a PIVX masternode, you must dedicate 10,000 PIV (the unit of PIVX) to the network (however, these coins remain yours and never leave your possession). Think of it like pledging 10,000 PIV to support the network. Those PIV can be moved or spent at any time – doing so simply removes the masternode from service and makes it ineligible to receive rewards.Learn More