PRIZM COIN

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PRIZM COIN[edit]

PRIZM Specifications:

Cryptosystem core: NEXT Proof-of-Stake (PoS) forging The unique mining technology - ParaMining Affiliate program: 888 levels in the structure Premine: 10 millions PZM The maximum number of coins: 6 billions PZM Hash Algorithm: SHA-256 Encryption algorithm: Curve25519 PoS complexity correction: every 2 blocks Block generation: 1 minute Transactions per block: 256

What is the PRIZM?

PRIZM is one hundred percent PoS cryptocurrency based on the NEXT core, built with the Java language open source . The unique algorithm of PoS in PRIZM does not depend on any implementation of the “coin age” concept used by other PoS cryptocurrencies, and is resistant to so-called "nothing at stake" attacks. Curve25519 encryption is used to provide a balance of security and required processing power among with more commonly used SHA256 hashing algorithms.

Blocks are generated every 60 seconds, on average, by accounts that are not blocked on network hosts. PZM is redistributed by including transaction fees that are awarded to the account when it successfully creates the block. This process is known as “forging” and is akin to the concept of "mining" used by other cryptocurrencies. Transactions are considered safe after 10 block confirmations, and the current architecture and the size of the PZM block allow processing up to 367,200 transactions per day.

PZM also includes the implementation of the Transparent Forging function, which will increase the performance of transaction processing by two orders of magnitude using the algorithm of generation of a deterministic block, in combination with additional network security mechanisms.

Premine

The initial issue is 10 million PZM. The final amount of 600 trillion PZM will be achieved in 500 years. Coins were issued with the creation of a block of genesis (the first block in the chain of blocks). Pre-mining is realized in all countries of the world, at face value, limited parties, to achieve the starting decentralization of Prizm.

Uniqueness

ParaMining is a key advantage of PRIZM over the rest of cryptocurrencies. Due the basic forging mechanism, the developers of PRIZM have added a unique, linear-retrograde mechanism for determining the reward for the storage of funds, aimed at economic attractiveness and the gradual replacement of all existing financial instruments of the world by the mass of PZM. That is, in addition to the basic forging mechanism, which does not increase the amount of funds in the system. Prism has an additional mechanism called ParaMining, which creates new coins, according to the metrics of the standard mathematics of the development of a normalized financial system in the context of the global economy. According to our calculations, only this format for the growth of the mass of coins can ensure a gradual and confident replacement of all existing economic instruments.

The main advantage of Paramining is uniqueness of situation where nobody can interfere with this mechanism and falsify new coins – all PZM users and miners can monitor the number of coins issued by the system in the real-time.

Paramining works on any Prism wallet with a balance of more than 1 PZM and automatically stops when the balance reaches 1 million PZM

For the first time, the system of establishing referral links without using any references has been applied. After creating a new wallet, the system captures its first transaction from the block and permanently sets up a referral chain that can not be changed, which makes it easy to build global MLM networks and increase the speed of new coinage.

Technical implementation at the moment is not described in detail because the main thing for all of us is to create not 100 "dead" tools, but one - with good support and working well. If our know-how is revealed, then someone will definitely try to repeat it and this involuntarily will lead to the dispersion of attention and use of this idea not for noble and important for our planet purposes, but for purposes not known to us and not always differing in positive coloring intent.

To start production of new PZMs, only one coin in the PZM wallet is enough to automatically start paramining. This is the process that allows you to increase the number of coins in your wallet without any electricity costs. ParaMining starts with 1 coin and stops automatically when number of 1 million coins is reached in the wallet.

Presentation: https://drive.google.com/open?id=0B6N2vp4zO_cZc3Y0aHVyUjE3dGc

Social Network channels (now in russian, will be updated with international channels): Facebook - https://www.facebook.com/groups/201836810296862/?ref=bos Twitter - https://twitter.com/PRIZM_ru Telegram - https://t.me/joinchat/AAAAAAuoCtlZ_rW7hI7kFA

Source code: https://github.com/prizmspace/PrizmCore

Wallets: Windows wallet - http://tech.prizm.space/PrizmSetup.exe Linux - http://tech.prizm.space/prizm-dist.tgz Android - http://tech.prizm-space.com/prizm.apk Online wallet - http://wallet.prizm-space.com

Exchange: http://prizm.store Block explorer: http://blockchain.prizm.space/

API: http://tech.prizm.space/prizmAPI.tgz


Founder and development team Alexei muratov (CEO) Yury Mayorov (Head of programming department) and the unknown team

See Also on BitcoinWiki[edit]