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Author Topic: Meet the New Generation Cryptocurrency : PRIZM  (Read 11113 times)
shmeall
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April 20, 2017, 08:52:05 PM
 #1



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
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DigitalCurrencyConsultant
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April 20, 2017, 08:54:25 PM
 #2

nice logo watching.. think you have a bit high on the total coins thou
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April 20, 2017, 09:21:16 PM
 #3

Interesting. How to get the coins?

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April 20, 2017, 09:23:56 PM
 #4

SHA mining with ParaMining PoS? Sounds interesting.. waiting for more info dev

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April 20, 2017, 09:29:28 PM
 #5

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: 600 trillions PZM
Hash Algorithm: SHA-256
Encryption algorithm: Curve25519
PoS complexity correction: every 2 blocks
Block generation: 1 minute
Transactions per block: 256


10 million premine = LOL .
Airdrop or keeping it to dump on users ?

I don't like the fundamentals of the coin , too much supply .

Github is legit though , but fundamentals of the coin are meh :/

p3ngu1n
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April 21, 2017, 05:55:10 PM
 #6

Many people hate premine.
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April 21, 2017, 06:19:26 PM
 #7

is there any translation bounty ? if yes .. i will do indonesian translate ..thanks OP  Smiley
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April 21, 2017, 06:24:47 PM
 #8

PRISM is a project of Alexei Muratov, one of the organizers and functionaries of the MMM (Sergei Mavrodi). The level of trust is minimal. Be careful. Huh

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April 21, 2017, 11:48:55 PM
 #9

this is looks like a scam, they are selling coin @1.1 dollar each, can you imagine? Grin

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April 22, 2017, 01:41:23 AM
 #10

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: 600 trillions PZM
Hash Algorithm: SHA-256
Encryption algorithm: Curve25519
PoS complexity correction: every 2 blocks
Block generation: 1 minute
Transactions per block: 256


10 million premine = LOL .
Airdrop or keeping it to dump on users ?

I don't like the fundamentals of the coin , too much supply .

Github is legit though , but fundamentals of the coin are meh :/

premine 10 million is very low is compare total suply coin
because total suply coin until reach 600 trilions coin
i think is bad coin, and dev acoount is red trust

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April 22, 2017, 09:59:46 AM
 #11

PRISM is a project of Alexei Muratov, one of the organizers and functionaries of the MMM (Sergei Mavrodi). The level of trust is minimal. Be careful. Huh

We have a lot of reasons why we should not trust this project,to much supply imagine 600 trillion supply what we are going to do with this coin .ico price is to high and I don't like anything associated with MMM the risk is just to high for investors.

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sav112
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April 22, 2017, 02:35:49 PM
 #12

PRIZM.conf ?
port=?
rpcport=?
addnode=?
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April 22, 2017, 04:15:42 PM
 #13

Quote
The initial issue is 10 million PZM. The final amount of 600 trillion PZM will be achieved in 500 years

What kind of an algo is this can this coin achieved adoption in 10 years,we don't know everything looks ok but the supply and the premine
have not seen this kind of algo in any coin and I don't like the people running this coin,it's built to make them rich


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CryptoCoinNews
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April 22, 2017, 04:39:12 PM
 #14

any bounty dev
and open bounty translation or not Prizm coin
if you good dev i want reserve indonesian translation if you need

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April 22, 2017, 05:09:59 PM
 #15

everytime I see this ANN , it makes me shit

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April 22, 2017, 07:40:04 PM
 #16

this is another scamcoin,,,
alexei muratov is the founder of edinar too,, and now he made another crypto

just beware, stay away from this coin

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April 22, 2017, 09:00:06 PM
 #17

this is another scamcoin,,,
alexei muratov is the founder of edinar too,, and now he made another crypto

just beware, stay away from this coin

if thats true, alexei muratov behind this project,,,
everyone should becarefull,, think before you hold this coin
just like edinar if the price is going down, he will left you and make another shitcoin

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April 22, 2017, 09:17:55 PM
 #18

this is another scamcoin,,,
alexei muratov is the founder of edinar too,, and now he made another crypto

just beware, stay away from this coin

if thats true, alexei muratov behind this project,,,
everyone should becarefull,, think before you hold this coin
just like edinar if the price is going down, he will left you and make another shitcoin

what do you reason if prizm coin creted and behind project alexei muratov
muratov is ready coin e-dinar coin

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April 22, 2017, 09:26:21 PM
 #19

this is another scamcoin,,,
alexei muratov is the founder of edinar too,, and now he made another crypto

just beware, stay away from this coin

if thats true, alexei muratov behind this project,,,
everyone should becarefull,, think before you hold this coin
just like edinar if the price is going down, he will left you and make another shitcoin

what do you reason if prizm coin creted and behind project alexei muratov
muratov is ready coin e-dinar coin

just go here and read carefully
http://cwt.top/en/news/2045/the-world-sonference-of-prizm-cryptocurrency-of-new-generation-t

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April 22, 2017, 09:32:00 PM
 #20

Holy crap , this one is SURELY untouchable (and not in a GOOD way)

-Red trust OP seems to be a fan of MLM scams
-that supply OMG
-that premine - just f.u
-previous associations with scammy shit

plus some i missed
well i think the community has done alot of the work for us on this one haha thx guys Smiley

i PASS!

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