Prizm is an open-source, Next Core and Proof-of-Stake (PoS) currency. It is based on Java. The platform has a unique algorithm and is independent of the application of the concept used by other similar cryptocurrencies. The first ever fair cryptocurrency offer users the highest level of convenience and security.
In the Proof of Stake model employed by Prizm, peers having a stake in the network control the network security. Centralization is not one of the incentives offered by this algorithm that Proof of Work algorithms do. The Prizm network has operated as a highly decentralized since it was launched. Some specific accounts are backing the network through the addition of blocks. According to the developers, 35 percent of the total number of blocks on the network comes from the top five accounts.
Prizm makes use of a system where the token represents a tiny mining rig. The more tokens held in an account, the more are the chances that the account will earn the right to generate a block. The reward that the account receives for block generation is the sum of the fees located within that block. Prizm does not generate any new tokens as a result of block creation. However, redistribution takes place as a result of block generators receiving transaction fees.
The company has limited the initial issue of PZM to10 million. Tokens were issued when the genesis block, which is the first block in the PZM blockchain, was created. To achieve decentralization the process of pre-mining of PZM is carried out in all countries in limited batches and at a nominal value. A total of six billion PZM tokens will be issued. The Genesis account generates tokens by using Para-mining signals in which the signal is sent out to send tokens to a definite wallet.
One of the unique features of this platform is the use of Paramining technology. This is a major advantage that Prizm has over other cryptocurrencies. It is a unique, mechanism developed for determining the reward for the store of value and aimed at enhancing the economic appeal of all existing financial instruments by the mass of PZM. Paramining technology can be used to generate new tokens. This system not only processes wallet transactions but also make a note of the Blockchain containing information about tokens and the amount accrued to the wallet owner and in the wallet of the followers.
The total supply of PZM is 6,000,000,000 of which the circulating PZMs are 12,064,149. The market cap is $11,630,154. PZM is trading at $0.964026.
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