Hello everyone! I'm one of the Prizm community leaders. We have a huge community in Russia, however we understand how important it is for any cryptocurrency to be recognized by a global crypto community. Therefore, we will be very happy if you give your expert review on the Prizm cryptocurrency and share your experience on drawing attention of professional cryptocurrency investors from different countries.
I asked my subscribers to share their experience on working with Prizm here. However, many of them hardly speak English, that's why they will use Google Translate. Please don't treat us harshly
I asked them to answer several questions:
1) How long have you been using Prizm?
2) Why did you decide to choose this cryptocurrency for investment?
3) How do you earn on this cryptocurrency?
All of them are real Prizm users and they store coins in their wallets with direct access to the blockchain. The Prizm developers have made the application very convenient and easy to work with. We have a lot of old-timers who were able to set a node and now they create blocks. This makes possible for Prizm to be a real decentralized electronic payment system.
We support a cryptocurrency concept of making business fair and transparent. Banks and centralized payment systems dictate their own rules and can block transfers. It kills business.
Bitcoin have tried to solve this problem but its technical solutions didn't allow to do it. Bitcoin is managed by different pools and it has become a trading tool.
Prizm, in the first place, is a decentralized payment system that is beneficial to the business. I negotiate with Russian businessmen constantly and help them introduce Prizm into their business. They sell cars and real estate for Prizm. Many hotels started accepting payment in Prizm. I can ask some businessmen to share their experience here.
The PoS algorithm is used in order to achieve consensus. But you probably know that this algorithm leads to centralization. The rules are made by large wallets. However, this problem was solved by the Paramining technology. According to this technology, the emission occurs gradually and coins are distributed among all users. A user makes a transaction in the wallet and this information is transmitted to the Genesis block. The Genesis block uses mathematical formulas in order to calculate how many coins should be generated and then transfers them to the user's wallet. The more coins are held on the user's wallet, the more coins he receives.
One Prizm on the personal wallet is enough to make a profit. You don't need to set a node for this. Forgers (the same as Bitcoin miners) receive additional profit for creating blocks in the form of the fees for transactions included in the block.
This is the mechanism that allowed us to gather a large community. Our community has a huge motivation to popularize Prizm. I was surprised how the developers managed to implement the network marketing model in the blockchain. What does it look like?
- I tell a person about Prizm.
- In two minutes he registers a personal wallet.
- I transfer any amount of Prizm coins to him.
- This process makes his wallet activated.
- The information is sent to the blockchain and this person becomes my partner.
- The more coins my partner has in his wallet, the more coins the Genesis block charges me.
- My partner doesn't pay me anything.
- All coins are stored in the partner's wallet. There's no Ponzi scheme.
Making it harder to mine coins, Bitcoin Halving fights inflation. In Prizm this process is called Paratax. Still, it's more flexible. Paratax adjusts to the Prizm users behaviour. The more users mine coins, the more complicated it becomes to obtain them. Halving occurs every four years, while Paratax changes every minute. This is unique!
Paratax was introduced recently. A lot of the Prizm users have appeared and coins mining have grown exponentially. Paratax started destroying pools
We've been waiting for this. The pools began to sell coins and now they make a bargain price to buy. We started inviting cryptocurrency idealists and professionals.
Paratax will produce coin shortage. Each Prizm coin is like a diminutive mining farm. The Genesis charges you coins for keeping Prizm in your wallet. You don't need to generate blocks for mining. Few people could sell their mining farm cheap.
I have a huge motivation to teach people how to use the Prizm cryptocurrency. I teach them to buy coins on the exchange and use their wallet correctly.
People started leaving hype projects and went to Prizm. They really want to earn cryptocurrency, as miners do with Bitcoin. In Prizm, it's possible to mine coins without expensive hardware and big deposit in the wallet.
However, now many hypes are trying to do Prizm harm as they have lost a lot of clients. That's why you can observe many haters. This is a great strength test for Prizm. But I have a huge request for you! If you see someone bad talking about Prizm, please ask them for proof and check it. You will see, there's no technical justification.
I'm a regular Prizm user and ready to answer your questions. But I didn't learn English well at school. So I will be using Google Translate, I'm sorry in advance
I will be glad if you give your expert review on Prizm and share your experience on cooperation with cryptocurrency professionals from different countries.
