Cryptocurrency PZM (Prizm, Prism) , the rate of which is declining today, is a completely decentralized cryptocurrency for the rapid exchange of assets. The developers say that the purpose of creating the project was to eliminate errors made in the Bitcoin network and other blockchains. The Prism platform is based on the concept of fair distribution of funds between users.
Technical characteristics of the coin
The project was created by Russian programmers who popularize coins not only in their native country, but also outside the Russian Federation. Prism is characterized by a relatively new approach to payment and mining. The developers tried to eliminate the errors of the main blockchain platforms, in particular Bitcoin.
The main feature of Prism is that the platform solves the 51% problem using moderate paramining. Coin generation occurs in stages and in small sums; coins are evenly distributed among participants. The Prism network does not reserve coins for creators and large investors; the entire volume is in circulation. Developers are not interested in having most of their assets concentrated in the commercial sector, as this increases the chances of speculative fraud on the part of large investors.
Another feature of the platform is its small block sizes, each of which does not exceed 32 KB. Compared to Bitcoin, where one block takes up 2 MB of additional space, the figures seem paltry. The factor simplifies the use of the Prism platform.
The strengths of the project include the speed of transactions. The Bitcoin network, for example, processes 7 transactions per second, Ethereum - 15 transactions. Prizm developers increased the indicator to 65. The Transparent Forging protocol is used, which reduces the time of payment verification.
A powerful network node that wants to obtain a large number of tokens will face difficulties. Since the Prism cryptocurrency is characterized by a small number of coins, the situation will lead to an increase in the price of the asset. Owners of tokens will not rush to sell them, waiting for the peak in value, which will lead to a shortage of cryptocurrency and increased demand. The number of participants will increase, which will lead to the launch of rapid paramining and further confirm the decentralization of the platform.
The network has nodes - special nodes for checking transactions and adding them to blocks. For this, nodes receive a reward in the form of Prism tokens. To create a node, you need to have at least one thousand coins in your account. The more tokens a holder has, the more signatures are available to sign blocks.
Investment component of Prism
Token mining is based on the principle of paramining. Users who have Prizm (PZM) cryptocurrency in their account will receive new coins. The speed of generating new tokens depends on the amount in the wallet. The more the user has in his account, the faster the paramining process.
New interest is accrued on previously generated interest, so the capitalization process is continuous.
Forecast for the future
Over the 2.5 years of its existence, Prism has increased its position in the cryptocurrency ranking by more than 100 points. The number of exchanges where transactions with this currency are available has increased. However, experts warn about the risks of investing in this project.
Buying tokens in itself is a dangerous investment, even when it comes to Bitcoin, Ethereum and other virtual market leaders. Prism is partly a pyramid, which further reduces the likelihood of making a profit from participation.
Like any scam project, it brings the maximum benefit to those who entered at the very initial stage. Now it’s already quite difficult to make money by mining new coins. Their growth rate has slowed down. Attracting referrals will also be difficult, since the effect of novelty has already been lost.
We cannot exclude the possibility of an increase in the cost of Prizm. If there is another cryptocurrency boom, its quotes may increase several times. However, the timing of this event cannot be predicted.
Advantages and disadvantages of cryptocurrency
Positive aspects of the project:
- ease of use of the platform, software in Russian;
- lightweight blockchain that speeds up verification and confirmation of transactions;
- paramining function, which increases the profitability of network participants;
- the presence of an exchange resource where you can convert currencies at the current rate;
- POS technology that saves electricity costs;
- fast block formation, which does not depend on the number of transactions;
- the ability to accompany payments with encrypted comments.
Disadvantages of cryptocurrency:
- scammers took part in the promotion of the project, which negatively affected the reputation of PRIZM;
- to start a node, you need to have 1000 coins in your account (at today’s rate - 100 USD);
- the mining process on the network is not open, which causes concern among participants.
Among the disadvantages is the active decline in the coin exchange rate. While the price of Bitcoin and other cryptocurrencies has stabilized slightly over the past month, the Prism quote continues to move down.
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How to make money on Prizm?
There are 2 ways to make money on this cryptocurrency. The first of them is using it as a standard investment instrument, i.e. buy when the price of coins declines and sell when they begin to rise.
However, due to the specifics of this asset, it is difficult to predict when the trend will change. Since the value of cryptocurrency is not backed by anything, it can change unpredictably.
The second way is to mine new coins. To do this, you need to buy at least 1 coin into your wallet.
The speed at which the amount in your account will increase depends on 3 factors:
- Wallet balance.
- The total amount of crypto in referral wallets.
- Paratax.
Holders of less than 100 coins will receive a yield of 3.6% per month. The maximum possible growth rate is 9.9% per month. In order to secure it, you need to have more than 500 thousand PZM in your wallet.
The rate of balance growth is affected by the account status of invited program participants, and not the number of attracted followers. Therefore, in order for Prism’s mining speed to increase, it is necessary for followers to accumulate at least 1000 coins. This will give a coefficient of 2.18. Its maximum possible value is 4.37. It is available only to those participants whose referrals have a total of 1 million PZM or more.
You can get exact numbers for any amount of tokens from the table posted on the Prism Space resource.
The term Paratax refers to the growth factor or difficulty of mining new coins. This figure increases with the number of existing coins. As a result, the growth rate of Prizm in wallets is slowing down. This indicator is general and does not depend on the account status and the affiliate network built.
The mining profitability calculator is posted on the Prism Space resource. With its help, you can get an approximate calculation of how many coins you need to have in your account and in the wallets of referrals in order to ensure the desired growth rate for Prizma.
However, it should be remembered that there may be a sharp drop in the price of this cryptocurrency, as a result of which the profit from mining will not allow you to return the money spent on the initial purchase of coins and recoup the efforts to attract other participants to the pyramid.
Forging
The complexity of the Bitcoin network has made mining difficult for users. Today, coin mining is available only to owners of expensive equipment. Even participation in mining pools with 10 latest model video cards does not bring the expected income, which increases the cost of maintenance and negatively affects the decentralization of the platform. Experts have calculated that the cost of a mining farm that brings real profit can reach up to $60 thousand, not counting the tens of megawatts of energy consumed during the mining process.
The Prism cryptocurrency excludes classic PoW mining. New coins are awarded to active accounts, and not after signing blocks. The mechanism is called Forging (minting coins). It is based on a simple principle: the more coins are frozen in the account, the higher the earnings. There is another factor that affects profitability - the amount of funds in subscribers’ accounts up to level 888.
The approach provides an abundance of unique accounts and high decentralization. To maintain the network you only need 60 USD per year (several times cheaper than BTC mining).
Transaction blocks enter the blockchain already signed. The crypto signature is calculated by the active nodes participating in the forging. Hashing occurs using the SHA-256 algorithm; the first 8 bytes of the 64-byte signature are decisive for generation.
When the target is higher than the calculated value, you can proceed to create a new block. The algorithm allows you to determine the time required for generation, accurately calculate the accounts that will be next to check the accuracy.
PZM rate:
| 1 PZM = | 0.06719000 AED |
| 1 PZM = | 0.00000000 AFN |
| 1 PZM = | 0.77470000 ALL |
| 1 PZM = | 3.54200000 AMD |
| 1 PZM = | 4.87400000 AOA |
| 1 PZM = | 0.02525000 AUD |
| 1 PZM = | 0.00000000 AZN |
| 1 PZM = | 0.01147000 BAM |
| 1 PZM = | 0.00000000 BBD |
| 1 PZM = | 0.00111900 BDT |
| 1 PZM = | 0.01542000 BGN |
| 1 PZM = | 0.06562000 BHD |
| 1 PZM = | 0.05432000 BOB |
| 1 PZM = | 0.10260000 BRL |
| 1 PZM = | 0.30360000 BSD |
| 1 PZM = | 0.00000042 BTC |
| 1 PZM = | 1.65300000 BTN |
| 1 PZM = | 0.57740000 BTS |
| 1 PZM = | 0.04046000 BYN |
| 1 PZM = | 0.02299000 CAD |
| 1 PZM = | 0.01684000 CHF |
| 1 PZM = | 0.11950000 CNY |
| 1 PZM = | 29.6400000 COP |
| 1 PZM = | 0.05815000 CRC |
| 1 PZM = | 0.15870000 CZK |
| 1 PZM = | 0.00012960 DASH |
| 1 PZM = | 0.03897000 DKK |
| 1 PZM = | 0.10700000 DOGE |
| 1 PZM = | 0.45300000 DOP |
| 1 PZM = | 0.53820000 DZD |
| 1 PZM = | 8.50000000 EAC |
| 1 PZM = | 0.11950000 EGP |
| 1 PZM = | 0.35350000 EMC |
| 1 PZM = | 0.60530000 ETB |
| 1 PZM = | 0.00000551 ETH |
| 1 PZM = | 0.00400000 EUR |
| 1 PZM = | 0.00582200 FCT |
| 1 PZM = | 0.62960000 FTC |
| 1 PZM = | 0.01342000 GBP |
| 1 PZM = | 0.02356000 GEL |
| 1 PZM = | 0.00038280 GGP |
| 1 PZM = | 0.00005006 GIP |
| 1 PZM = | 0.06583000 GTQ |
| 1 PZM = | 0.14300000 HKD |
| 1 PZM = | 0.19160000 HNL |
| 1 PZM = | 0.05174000 HRK |
| 1 PZM = | 2.48200000 HUF |
| 1 PZM = | 263.840000 IDR |
| 1 PZM = | 0.02431000 ILS |
| 1 PZM = | 1.47400000 INR |
| 1 PZM = | 2.07100000 IQD |
| 1 PZM = | 2240.63000 IRR |
| 1 PZM = | 1.75900000 ISK |
| 1 PZM = | 1.48500000 JMD |
| 1 PZM = | 0.00707100 JOD |
| 1 PZM = | 2.11100000 JPY |
| 1 PZM = | 2.12300000 KES |
| 1 PZM = | 0.62300000 KGS |
| 1 PZM = | 28.2800000 KHR |
| 1 PZM = | 21.6900000 KRW |
| 1 PZM = | 1.79000000 KZT |
| 1 PZM = | 12.2500000 LBP |
| 1 PZM = | 0.19810000 LKR |
| 1 PZM = | 0.00013160 LTC |
| 1 PZM = | 0.07577000 MAD |
| 1 PZM = | 0.17340000 MDL |
| 1 PZM = | 0.00000000 MGA |
| 1 PZM = | 2.28200000 MMK |
| 1 PZM = | 0.21340000 MVR |
| 1 PZM = | 12.9800000 MWK |
| 1 PZM = | 0.15280000 MXN |
| 1 PZM = | 0.07676000 MYR |
| 1 PZM = | 0.00000000 MZN |
| 1 PZM = | 0.17000000 NAD |
| 1 PZM = | 10.6000000 NGN |
| 1 PZM = | 0.00123500 NMC |
| 1 PZM = | 0.07323000 NOK |
| 1 PZM = | 1.08900000 NPR |
| 1 PZM = | 0.00060950 NVC |
| 1 PZM = | 1.52700000 NXT |
| 1 PZM = | 0.02678000 NZD |
| 1 PZM = | 0.00375000 OMR |
| 1 PZM = | 0.00770900 PAB |
| 1 PZM = | 0.02967000 PEN |
| 1 PZM = | 0.04140000 PGK |
| 1 PZM = | 0.39320000 PHP |
| 1 PZM = | 3.09300000 PKR |
| 1 PZM = | 0.02974000 PLN |
| 1 PZM = | 0.02572000 PPC |
| 1 PZM = | 42.7500000 PYG |
| 1 PZM = | 0.03215000 QAR |
| 1 PZM = | 0.02855000 RON |
| 1 PZM = | 0.80540000 RSD |
| 1 PZM = | 0.26550000 RUB |
| 1 PZM = | 0.02785000 SAR |
| 1 PZM = | 0.07547000 SEK |
| 1 PZM = | 0.02471000 SGD |
| 1 PZM = | 0.57800000 STR |
| 1 PZM = | 0.00000000 SVC |
| 1 PZM = | 0.13380000 SZL |
| 1 PZM = | 0.62340000 THB |
| 1 PZM = | 0.00556900 TND |
| 1 PZM = | 13.4100000 TOP |
| 1 PZM = | 0.24780000 TRY |
| 1 PZM = | 0.06894000 TTD |
| 1 PZM = | 0.53630000 TWD |
| 1 PZM = | 45.3000000 TZS |
| 1 PZM = | 0.06600000 UAH |
| 1 PZM = | 52.7700000 UGX |
| 1 PZM = | 0.01710000 USD |
| 1 PZM = | 0.33490000 UYU |
| 1 PZM = | 103.680000 UZS |
| 1 PZM = | 7973.00000 VEF |
| 1 PZM = | 434.500000 VND |
| 1 PZM = | 0.01822000 VTC |
| 1 PZM = | 0.64830000 VUV |
| 1 PZM = | 0.00000000 WST |
| 1 PZM = | 4.89500000 XAF |
| 1 PZM = | 0.00008876 XMR |
| 1 PZM = | 4.02900000 XOF |
| 1 PZM = | 0.02489000 XPM |
| 1 PZM = | 801.390000 XRP |
| 1 PZM = | 0.25770000 ZAR |
| 1 PZM = | 0.14360000 ZMW |
Prizm wallet registration
To store Prism tokens you will need a wallet, which can be downloaded from the official website of the platform. You can register an online wallet on the Prizm Store internal exchange.
Wallet registration steps:
- Go to the official website.
- Account registration.
- Password generation (keep it carefully).
- Creating a four-character PIN - must be saved.
When the process is completed, the user has an account. The next process is obtaining the Public key. You need to click on the wallet address - a set of symbols that are needed to credit funds to your account.
After creating a wallet, you can start working: receive and send coins, convert cryptocurrency at the current value, etc.
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How to register a Prism wallet
In order to register a wallet for storing Prisms, you need to:
- go to the official resource wallet.prizm.space/index.html;
- click on the button labeled Registration located in the upper right corner of the screen;
- generate a private key;
- copy it and save;
- Click on the Sign in button.
You can create a key in 2 ways:
- independently come up with a combination of 113 characters;
- Add 13 of your own to the 100 characters proposed by the system in random places.
In this case, only letters of the Latin alphabet can be used. It is advisable to copy the key onto paper or copy it into a text file, which will be saved in several safe places. Having lost the key, a person completely loses access to his wallet without the possibility of recovery.
After clicking Sign in, the registration process is completed. The wallet must be activated.
This can be done in 3 ways:
- carry out a transaction from the account of the person who invited the new participant to the project;
- make transfers from your own previously registered wallets;
- use a special resource available on pzm.space.
To activate paramining and record the connection between referral accounts in the blockchain, you will need the wallet address and its public key.
Those who prefer to work not in a browser, but with the installed version, can download an application for mobile gadgets or a program for a PC. The sequence of actions for registering and activating a wallet is identical.
Purchasing Prism tokens
Buying coins is relevant for many network participants, since without frozen coins in the account it is impossible to join mining.
Current ways to purchase Prisms:
- Prizm internal exchange . To buy tokens, you need to register and select the direction of the transaction. Today, many traders sell coins, so there will be no problems with purchasing. Prizm Store is a resource where buyers and sellers find each other and transactions become direct transactions.
- External exchange BTC- Alpha. A commission is charged for transactions with cryptocurrency. Before trading begins, users must register. You can purchase a coin on BTC-Alpha for BTC and USD.
The BTC-24 and Alcurex exchanges also work with the PRIZM cryptocurrency, but the resources cannot yet be called reliable. Their activity is too low and there are practically no reviews on the Internet. Prism is exchanged on the PRIZM 247 resource (official VKontakte group). Here only dollars are exchanged for PZM - the opposite direction is not available. No more cryptocurrency sites work.
How to buy Prizm tokens
The creators recommend buying these coins only on a limited number of exchanges.
The list includes 5 resources:
- BTC-Alpha;
- Hotbit;
- Livecoin;
- CoinTiger;
- ProBit Exchange.
The process is identical to purchasing any other cryptocurrency and consists of the following steps:
- transition to the stock exchange;
- replenishing your account (depending on the selected resource, you can exchange dollars, rubles, bitcoins, ethereum for Prism);
- create a buy order specifying the volume and price;
- confirm your intention by clicking the Buy button.
Further forecasts
Analysts are skeptical about the positive forecast for the Prizm price. This is due to the fact that the project is being developed by Alexey Muratov, who formerly headed MMM. But besides the dubious identity of the project creator, questions remain about the functionality of the cryptocurrency.
It is unclear how the network will deal with the problem of scaling and congestion. Self-regulation of the project is questionable. The creators of the project say that gradually all blockchain platforms are centralized; it remains unclear how Prism will be able to avoid this, since there is nothing innovative in the system.
A distinctive feature of the project is paramining. The developers do not disclose the nuances of the process, explaining this by their reluctance to share technical details with other projects so that they do not use them to the detriment of users. There is no guarantee that the creators of the currency have good intentions.
Prism mining is based on the pyramid principle (increasing bonuses as the number of coins stored in the account increases) and an affiliate program. The more referrals are attracted to the network, the faster new tokens are generated. The developers call this fair coin sharing. The richer the user, the greater the income and the faster payments are made.
The general issue of cryptocurrency also causes skepticism. By 2037, it is planned to issue 6 billion tokens. Such an amount can lead to the depreciation of the Prism cryptocurrency. These points raise many questions, so analysts are more inclined to make negative forecasts. In their opinion, the cryptocurrency rate will continue its downward trend in 2022.
Prospects
The prospects for this cryptocurrency are very vague - all transactions are carried out in closed communities such as PRISM-locomotive, to join which you need to buy a certain amount of PZM. A more detailed study of the activities of the Prizm community creates the feeling of a financial pyramid. Not a single major cryptocurrency exchange works with this virtual currency . So the forecast for the PRISM cryptocurrency for investors is unlikely to be positive - there are too many ambiguities in this project.
Prospects for investing in the Prizm coin
Despite the pessimistic forecasts of analysts, there are positive factors that may affect the rise in the cryptocurrency rate. One of these is a good marketing campaign. Already at the very beginning, the developers showed professionalism. The presentation was held in three languages, the cryptocurrency wallet was released immediately, and the product did not require any modifications. Skepticism towards paramining is not shared by network participants, since they have good profits.
Paramining calculation table:
The problem is that experts see it as just another pyramid because the Prisms have no particular purpose. The functionality of the project cannot be called original - there are many other transparent platforms that are ahead of Prizm. There are many mysterious aspects that the developers are in no hurry to reveal to the public.
In terms of investment, Prism is not of particular interest. The skeptical mood of the cryptocurrency community will not contribute to the increase in network participants and the growth of the rate. It is unlikely that anyone will want to invest a lot of money in a project in the absence of guarantees and transparency of work. Considering these factors, investing in Prism coins is not recommended.
Prizma exchange rate for today and further forecasts
What the PRIZM rate is now and what it will be in a few months is on everyone's mind. But most of all this is of interest to actual coin holders and potential investors who look at the chart with the Prizm cryptocurrency, assessing its investment prospects. You can find out what the current rate of the cryptocurrency in question is on the exchanges where it is sold. This is important because Prizm rate quotes on different sites may differ.
For example, two pairs involving this coin are traded on the BTCAlpha exchange:
- PZM/BTC. Rate 0.9926 $ (0.00010781 BTC);
- PZM/USD. Rate 0.9688 $.
If we consider the general history (over eight months) of the cryptocurrency exchange rate as a percentage, we can see the following dynamics:
- Over 60 days, the exchange rate fell by -0.44%;
- Over 30 days, the rate increased by 5.1%;
- Over 14 days, the rate fell by -0.51%;
- Over the week, the price of the coin rose by 0.44%;
- Over 24 hours, the rate showed an increase of 2.75%.
Over the entire period, there were two large jumps in the price of the token. The first occurred at the end of August 2022. Then the price of the coin was $2.7. And the second - at the end of January 2022. At that moment, the coin was quoted at $2.51.
If we summarize, we can see that the rate of this cryptocurrency is relatively stable. At the same time, the platform itself has many interesting and original qualities. Therefore, we can say with confidence that PRIZM has a future, and its price will rise.
