“Similar, but different!” — this is what the developers themselves say about the PZMCash coin. Created as an open source, cryptocurrency can generate increased rewards due to a special mechanism of filling the network with the money supply. Since at the launch of the coin only 1% of the total mass is issued, all the remaining 99% of PZMCash will be issued during the PoS mining. Each member of the network will receive increased bonuses for loyalty. In other words, PZM Cash combines the traditional functions of PoS coins with an innovative approach to the emission and distribution of cryptocurrency.
The coin is deployed on the Lisk blockchain, which is a ledger with a linked list, where each new record (transactions, replenishment of deposits, transfers, etc.) contains information about the previous action. This allows not only clearly tracking any movement of coins within the blockchain but also increasing the security of the entire system. If you try to hack and enter different information into the block, all previous entries will also be changed, which will be a clear signal of an attack attempt.
We should also mention the technology that underlies the PZM Cash blockchain. The open-source blockchain allows you to deploy your own platforms, and the Sidechain technology helps to deploy applications. The development is based on the technology of using sidechains, which opens up the opportunity for users to move coins from block to block, and then return them back. This function was created for those projects that intend to use smart contracts. Also, this technology will significantly speed up transactions, so the PZMCash blockchain is perfect for deploying DeFi wallets, etc.
The PZMC Wallet was created using asymmetric encryption technology, which allows you to reliably protect user funds from hacking and attacks.
Wallet key features:
Once the Web3js technology is implemented, PZMС Wallet can be used on partners resources, for example, crypto exchanges. There will be no need to create a separate wallet for each project. Moreover, the browser implementation eliminates the need for a blockchain core to integrate new resources.
Also, the PZM Cash wallet allows you to send transactions not only to the addresses of other network participants but also to the addresses of smart contracts, initiating various transactions based on a digital algorithm.
PZMCash is not just a blockchain, but an entire ecosystem deployment platform. A distinctive feature of the project is its focus on fast scalability, that is, providing network users with the opportunity to deploy their own projects, including the creation of decentralized applications.
The implementation of the money supply expansion model will be implemented through:
At the same time, network maintenance will be delegated to the users themselves. Each of the participants can personally influence the development of the network.
The PZM Cash blockchain provides a combination of two technologies for generating new blocks and coins - pre-mining and PoS mining. Pre-mining is used when launching the blockchain and implies the emission of only 1% of existing coins, which is 90 million PZMCash. The rest of the coin stock will be emitted during PoS mining. PoS mining will be used for further coin generation, and the speed of new block issuance and the distribution of rewards will directly depend on the balance of the wallet to which the node is attached.
The maximum rate of increase in the balance of coins of a participant is 21% per month, the minimum — 1.2% per month, or 14.4% per year.
Each PZMCash user gets access to two earning scenarios: passive and active.
When choosing a passive scenario, a network participant is its simple user. When choosing an active scenario, the user is also a network administrator (validator) and actively participates in its development and expansion.
There are two types of participants on the network:
Thus, the user receives passive income for using the hot wallet and for participating in the development of the PZMCash network. A registered and activated wallet allows the client to receive income in the form of additional coins, accrued using the two-factor algorithm of PoS mining. The process of PoS mining will be launched from the moment the minimum value of 1 PZMCash appears on the balance of the wallet. And validators for adding blocks to the chain receive transaction fees.
Blockchain user data security remains one of the most pressing issues of all cryptographic projects. When creating the PZMCash blockchain, the SHA256 cryptographic hashing algorithm was used. A bet on network scaling and development reduces the likelihood of a “51% attack” (the ability to eliminate transactions or change the order of transactions) when an attacker needs to gain control over 51% of all PZMCash coins.
Thus, the PZM Cash blockchain is sufficiently protected from hacker attacks and keeps participants' data safe.
You can join the project and learn more about PZM Cash here.