Prizm price is $0.00087058
Indeed, the price of Prizm (PZM) has decreased today, and it's currently valued at $ 0.00087058. This price point is based on the most recent 24-hour trading volume of 7.0K.
Prizm (PZM) is a unique cryptocurrency, constructed around the core technology of NEXT, but with a distinct twist. Designed using the open-source Java language, it's a completely decentralized digital asset, featuring 100% Proof of Stake consensus mechanism. This means that the creation of new coin units and the validation of transactions are contingent on the number of coins an individual has in their possession, thereby encouraging user participation in the ecosystem. In essence, Prizm operates as a self-regulating system with its own native blockchain and a notably unique feature known as PARAMINING technology.
The creators behind Prizm (PZM) remain a mystery to the general public, similar to several other digital currencies. However, what is clear is that their objective was to build a completely decentralized and self-regulating cryptocurrency system. The ability to store PRIZM and make transfers quickly, easily, and securely—essentially as simple as transferring cash from hand to hand—signifies their commitment to facilitating user-friendly transactions.
What sets Prizm (PZM) apart is its inventive PARAMINING technology. Despite having a similar functioning mechanism to some other cryptocurrencies, it's the incorporation of this innovative technology that adds an extra layer of uniqueness to Prizm (PZM). PARAMINING technology allows anyone who holds Prizm coins in their account to simultaneously mine or create new coins. The term "PARAMINING" gets its name from "parametric" and "mining" as it's a mining algorithm heavily weighted by the number of coins each user possesses. The more coins a user holds, the higher the mining speed, making it potentially more profitable.
Surely. Prizm's unique PARAMINING Technology is an innovation in Proof of Stake consensus mechanism. Whereas the traditional Proof of Stake system users need to hold coins in their wallet and stay online to validate new blocks and earn rewards, PARAMINING takes this to a new level. The mining speed or creation of new coin units is not only determined by the precise number of coins a user holds but also considers, in a parametric manner, every single coin in the user's wallet. This means that every additional coin a user has increases the mining speed exponentially, hence enhancing the earning potential.
As of the most recent data, 3.8B of Prizm (PZM) are circulating within the market. It's important to note, that the total supply of Prizm coins is dynamic due to the unique PARAMINING technology, enhancing the coin circulation as more users join the network.
Prizm (PZM) can be purchased on a wide array of digital currency exchanges, however, I've listed Probit, Hotbit, BTC-Alpha where the cryptocurrency is currently available. Please remember to research carefully before entrusting your money to any financial platform. And, of course, trading and investing in cryptocurrencies should be done at your own risk. All I can do is provide the best possible information to assist you.
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