Prizm is a fair cryptocurrency that is decentralized, convenient, and secure. The average block time is 59 seconds, regardless of the number of transactions. Utilize the global peer-to-peer system, transfer money for free, and adopt POS mining.

Project Introduction

PRIZM is a 100% Proofofstake cryptocurrency based on the NEXT core, built on Java with open source code. Unique PRIZM Algorithm - Proof of stake algorithm does not rely on any implemented "coin age" concept other cryptocurrencies and is resistant to so-called "nothing at Stake" attacks. The total number of available coins is allocated in the Genesis module. Curve25519 encryption Used to balance security and required processing power, and the more commonly used SHA256 hash algorithm.

PZM is redistributed by merging transaction fees that are rewarded to accounts when blocks are successfully created. This process is called forging and is similar to the "mining" concept used by other cryptocurrencies. Transactions are considered secure after 10 blocks have been confirmed, and PZM's current architecture and block size allow for a maximum of 367,200 transactions per day. PZM includes the implementation of transparent forging. By using the generation algorithm to be a deterministic block, combined with other security mechanisms of the network, you can increase the performance of transaction processing by two orders of magnitude.

Project Highlights

Speed
On average, blockchain block generation takes 59 seconds and does not depend on the number of transactions.

Paramining
A unique technique. A three-factor source of increasing the number of coins in your wallet.

Proof of Stake
Use modern ecological cryptographic technology POS instead of time-consuming and energy-consuming POW system.

Open Source
Open Source allows any developer to implement Prizm in their project.