Review on PRIZM by Inioluwa Okedeji
Prizm: A Cryptocurrency Project With The Unique Paramining Feature.
Prizm is a decentralized cryptocurrency project with its own native blockchain. Majority of cryptocurrency projects are now decentralized and are also similar in other features. This is why different projects are developing new features to distinguish each projects from the other and provide unignorable services that will be beneficial to the public.
The features that make the Prizm project distinct from others are
1. Paramining: a technology that helps increase the amount of coins present in a wallet. Though this might sound almost impossible but it is more or less like the normal mining operation, the only difference is that this mining is automatical.
2. Speed: The speed to which transactions are completed and operations are performed matters a lot in the efficiency of a platform. Since the Prizm project is a blockchain project, it takes it 59 seconds to complete a block m, which is faster compared to other projects with the same feature.
3. Proof-of-stake algorithm: The Prizm project uses a proof of stake consensus algorithm which is a lot more efficient than the Proof of work (POW) algorithm which which consumes more time and energy.
The above are the features that makes the Prizm project distinct in the highly competitive global market. In addition, the fact that the Prizm project has its own blockchain puts it in a different class entirely.
Apart from the above features, the developers of this project are conducting more research to discover and develop more amazing features that will be of benefit to both the project and the public.
Pros
- Prizm operates a unique feature known as paramining.
- It is an open source project.
- It uses a proof of stake consensus algorithm.
- Prizm is equipped with its own native blockchain network.
Cons
- I cannot point out any disadvantage to the project.
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Comments (1)
March 01, 2021
The Prizm project is a very simple project. I don't know why, but the project has not been popular enough and is not preferred enough by users. As I have written in many of my articles, between 2021-2023, there will be a period of ramping of crypto coins. I have 1354 Prizm in my wallet and I am not thinking of selling them. It will constantly gain value and give me very good gains.
