PIVX News. Block reward!
I wanted to share some exciting news about PIVX, a decentralized, open-source cryptocurrency that focuses on privacy and security. Recently, the PIVX team announced a new block reward structure that is designed to make the community larger and the coin more attractive to everyone. Starting at block 3,715,200, the rewards structure is being adjusted after many months of discussion, analysis, and agreement from many in the community. Under the old reward structure, the rewards were distributed as follows: 2 PIVX for stakers (people who hold and stake PIVX to support the network), 3 PIVX for masternode operators (people who run a full node on the PIVX network), and 1 PIVX for the budget. Under the new reward structure, the rewards are distributed as follows: 4 PIVX for stakers, 6 PIVX for masternode operators, and 10 PIVX for the budget and development.
It's important to note that budget coins are ONLY created if there is a valid passing budget proposal requesting a specific amount of coins to be created. This occurs roughly once every 30 days, this mean that the budget coins are not created every block, but only when there is a proposal that is passed by the community.
This new block reward structure is designed to encourage more people to get involved with PIVX, both by staking their coins, running masternodes, and contributing to the development of the project. It will also give the development team more coins at their disposal for marketing and potential new exchange listings, which will help increase the visibility of PIVX and make it more attractive to potential investors. With the new reward structure, developers will be able to list PIVX coin on many new exchanges, which will increase the coin's exposure and liquidity, leading to more adoption and potentially higher prices.
In addition to making PIVX more accessible to a wider range of people, this new block reward structure is also designed to increase the coin's overall value. By encouraging more people to get involved with PIVX and by creating a more stable and secure network, the value of the coin is expected to increase over time.
Overall, this is a really exciting development for PIVX and I think it's a great time to get involved with this project. If you're interested in learning more about PIVX, I recommend checking out their website and their community on Reddit.
Let me know your thoughts on this and if you have any questions I will try my best to answer them.