Prizm GitBook
Project documentation and resources.
Welcome to Prizm Project 😉
Here you can find all the necessary information about the Prizm project. 👋
What is Prizm?
Prizm is a computer software created for recording short messages in the blockchain and for recording information about changes in the balances of project users. When adding a new record to the blockchain distributed ledger, a commission of 0.5% is charged, but not more than 10 PZM. The commission for transactions in the generated blocks is received by the users of the project who support the Prizm peer-to-peer network, by storing the complete blockchain database on their computer.
PRIZM — it is a 100% Proof-of-Stake cryptocurrency based on the NEXT-kernel, built on Java with an open source code. The unique PRIZM proof-of-steak algorithm does not depend on any implementation of the "coin age" concept used by other proof-of-steak cryptocurrencies, and is resistant to the so-called "nothing at stake" attacks. The total number of coins available was distributed in the Genesis block. Curve25519 cryptography is used to provide a balance of security and the required processing power along with the more commonly used SHA256 hashing algorithms.
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