PRIZM (PZM) is a decentralized, environmentally friendly digital currency. More
| Fully Diluted Valuation | $5.77M |
|---|---|
| 24H Trading Volume | $628 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 0.00 |
| Total Supply | 6.00B |
| Max Supply | 6.00B |
| Categories | Proof of Stake (PoS) 1 more |
|---|---|
| Founder | Anonymous |
| Website | pzm.space Whitepaper |
| Socials | 3 more |
| Name | Pair | OG Score |
|---|
PRIZM (PZM) is a digital currency that operates on a decentralized blockchain network. It aims to offer a more sustainable and efficient alternative to traditional payment systems. Launched with a focus on security and ease of use, PRIZM uses a Proof of Stake (PoS) consensus algorithm to minimize energy consumption.
How It Works
PRIZM runs on a PoS system, which helps reduce environmental impact compared to other methods like Proof of Work. It is built using Java v.8 and is open-source, meaning anyone can use or modify it. The network is managed by nodes—standalone programs that verify transactions automatically.
Decentralization and Accessibility
PRIZM is designed to be decentralized. Anyone can set up a public node to access and manage their wallets. This allows users to handle their PRIZM coins without relying on third-party services, making transactions simpler and more secure.
Unique Features
One of PRIZM’s standout features is Paramining. This system rewards users for holding onto their coins, encouraging long-term use and stability. Additionally, PRIZM uses Curve25519 and SHA256 cryptography to secure transactions and protect user data.
Applications and Integration
PRIZM can be used for international payments, enabling users to send and receive PZM coins worldwide. Its open API makes it easy to integrate into various business systems and automate transactions.
Forging and Distribution
Forging in PRIZM means creating new blocks in the blockchain based on ownership verification. The network was officially launched on February 17, 2017, with an initial supply of 10 million coins. The total supply is capped at 6 billion PZM coins.
Conclusion
PRIZM (PZM) offers a user-friendly and eco-conscious digital currency option. With its innovative features and sustainable approach, it provides a practical solution for modern financial transactions.
PRIZM (PZM) stands out with its eco-friendly Proof of Stake consensus algorithm and innovative Paramining system, which rewards users for holding coins and reduces energy consumption compared to traditional methods.
The specify the founder of PRIZM (PZM) is anonymous.
PRIZM (PZM) ensures secure transactions by utilizing Curve25519 cryptography and SHA256 hashing algorithms, which protect user data and enhance transaction security.
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