Prizm mining is based on the proof-of-stake (PoS) protocol.
When generating a new block, a node transmits the mined block to the entire network so that other nodes can validate it and add it to the block chain.
A feature of Prizm in the new system of rewards for storing coins on personal wallets is Paramining combined with classic Forging.
Each user receives a share from the generation of new coins according to certain criteria.
In the personal wallets of users, the predicted production of coins is displayed.
Creation and enrollment occurs at the time of transactions (incoming / outgoing).
Thus, at the time of block generation, Paramining* is credited to 3 network participants: the Transaction Initiator, the Receiver, and the Forger who generated the block.
Crediting occurs by sending coins from the Genesis wallet in a subsequent block with free system space.
The Genesis wallet operates exclusively in the negative range and targets -6,000,000,000.00 pzm.
The dynamic baseline target of the network is approximately 59 seconds and is independent of the number of transactions.
The maximum commission per block is 2550 Pzm. Users who administer the network (forgers) receive additional compound interest and the possibility of hybrid mining.
Thus, each coin in the wallet can be viewed as a miniature “mining farm”.
The platform completely solves the problem of a “51% attack” through moderate paramining*, evenly distributed among network participants.
Also, the issue is regulated by the Paratax * system - a decrease in the production of new coins with an increase in the total issue.
- Paramining is a new coin generation method added to the Forging mechanism* that is rewarded for holding funds by all users at the same time to reach the final offer.
It turns on with 1 pzm on a personal wallet and is regulated by three parameters:
It turns on with 1 pzm on a personal wallet and is regulated by three parameters:
1. Number of coins on a personal wallet
2. The number of coins under a personal wallet.
3. Difficulty of extraction of Paratax*.
Paramining in a personal wallet is a predictable mining, and can be changed before crediting when changing the 2nd and 3rd parameters.