Prizm Coin: A Self-Regulating Cryptocurrency

PRIZM Coin is a unique self-regulating cryptocurrency. PRIZM users are able to execute fast and secure transactions because of its fundamental framework. The platform thus provides simple, global and secure management of the money.

The peer-to-peer system makes transactions instant and automatic. As a result, you get to control of capital at all times without the inconvenience of transactional hours as would be with traditional banks. An additional catch is the fixed transaction fee of 0.5 percent, meaning there are no unexpected exorbitant charges.

PRIZM also has an impressive level of operational independence from financial regulators. This is because PRIZM has absolute influence on its business model.

PRIZM Coin Specifications

This coin utilizes a mining technique known as ParaMining. Additionally, the platform functions using Proof of Stake (POS) and the SHA-256 algorithm. There will be a total of 6 trillion PZM but only 10 million in circulation. A block is generated every minute with there being 256 transactions per block. PRIZM is based on the cryptocurrency core NEXT.

What makes Prizm Coin unique?

ParaMining, which was mentioned earlier, would certainly come on top. On account the basic forging mechanism, PRIZM has a novel, linear-retrograde mechanism for determining the reward for the storage of funds. This is aimed at improving economic efficiency and the mass of PZM possibly replacing all of the financial instruments we have currently.

Additionally, the ParaMining creates new coins to ensure a gradual and confident replacement. How far reaching the replacement goes depends on the adoption of PRIZM. ParaMining is notable for not consuming electricity in the production of new coin.

No one can tamper with the mechanism and falsify new coins. This is because existing PZM users can keep track of the number of coins issued by the system in the real-time. ParaMining is possible for wallets containing at least one PZM. Mining stops when the balance reaches 1 million PZM

There is a unique referral link system independent of references. This is because the system captures the first transaction of a new wallet and sets up a referral chain that is unalterable. As a result the developers can realize a global MLM networks and increase the speed of new coinage.

This platform also guarantees anonymity of personal information. For many users this is fundamental to their decision to explore the platform. The currency can also be a payment medium.

PRIZM currently has a market capitalization of about $ 10 million. Growth was steady initially but has capped off with cryptocurrency in general. The future of this coin should be interesting.