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Review on PRIZM by Pavel Kuzariev

Revainrating 5 out of 5

Prizm is the best

Three years ago I bought 1000 coins and today I am in a huge plus

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Pros
  • Transactions are considered secure after 10 block confirmations, and PZM allow processing up to 367,200 transactions per day PZM includes the implementation of Transparent Forging that w transaction processing by two orders of magnitude by using the d combination with additional security mechanisms of the network. PRIZM Proof of Stake In the traditional "Proof of Work" modelused by the majority of cryptocurrencies, network security is ensured by participants performing "work". They use their resources (calculation/processing time) to reconcile transactions with double costs and impose extraordinary costs on those who attempt to collapse transactions. For this work, participants are awarded with PZM, and their frequency and amount vary depending on the working parameters of the cryptocurrency. This process is known as mining. The frequency of block generation, which determines each available reward for mining cryptocurrencies, as a rule, should remain constant
  • Each block in the chain has a signature generation parameter. To participate in the forging process of a block the active account cryptologically signs the previous generated block with its own public key. This creates a 64-byte signature that is then hashed using SHA256. The first 8 bytes of the resulting hash gives a number called the hit your account. The hit is compared to the current target value. If the calculated hit is lower than the target the next block can be generated. As noted in the target value formula, the target value increases with each second. Even if there are only a few active accounts on the network, one of them will eventually generate a block because the target value will become very large. The consequence of this is that you can estimate the time it will take for any account to force the block by comparing the hit value of that account to the target value. The Last point is of great importance. Since any node can request an effective balance for any active account, it is possible to go through all active accounts to determine their individual hit value. This means that with reasonable accuracy. you can predict what the following account wins right to block counterfeit. A shuffle attack can be triggered by moving a stake into an account that will generate the next block, which is another reason why PZM bet must be stationary for 1.440 blocks before it can contribute to the forging (through an effective balance valuel. Interestingly, the new base target for the next block cannot be reasonably predicted, so a virtually deterministic process of determining who will force the next block becomes more and more stochastic as attempts are made to predict future blocks
Cons
  • At the moment, low price but this is the best time to buy prisms hurry

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