Review on Prizm Wallet by Tory Tishenkova
PRIZM-personal wallet
The advantage of the PRIZM cryptocurrency, of course, is a personal wallet! The most important thing is the correct storage of the passphrase. Which can not be stored completely all, and only on one medium. For example, part of a phrase can be written down, and a message of 4-10 characters can be memorized. You can fully remember the entire passphrase. Of course there are downsides to this system. For example, you forgot or lost your passphrase. You can no longer go into your wallet and use your funds. Or if someone else saw your passphrase, he took advantage of it, and you were left without your money. There are also copies of sites where you enter your password, and someone already copies it, and also takes your money for yourself! The main thing is to be extremely careful in storing the passphrase. Then your finances will be in place! PRIZM implements a smart wallet as part of its design: all accounts on the network are stored with private keys for each possible account address directly derived from the code phrase of each account using a combination of SHA256
Pros
- Personal wallet - your personal bank
- All transactions are visible in your personal wallet. they are saved there.
Cons
- lost passphrase - lost your money
