People, companies and developers: you will get the support you need in our chats. We are a community and we are connected ! Each of us interacts with other people on a daily basis.
Start using money free from bank charges, delays and fraud.
If you are an entrepreneur and your business has the potential to reach the whole world, then you can reach customers from all over the world directly, using instant payments without borders.
If you are good at programming, then you can create a career on PRIZM by creating applications that the whole world will thank you for the convenience of!
How can you secure your PRIZM?
Note: PRIZM does not engage third-party financial institutions (such as banks), which means that you are responsible for pure cryptocurrency, including its security.
1. Use only one Internet domain name to search for official PRIZM resources. In the same place you will find PrizmCore for yourself there and in the future only it.
Only 5 (five) letters on both sides of the dot !
prizm.space - I didn’t make it specially clickable so that you yourself could type in the browser line (not in the search line of a third-party service) these dot and ten simple letters.
Storage
Using wallets from third parties that control access to your coins (for example, your account on a cryptocurrency exchange) is not a secure way to store your coins because places like exchanges are a target for hackers.
Instead, store your coins in a wallet that only you have access to (where you have complete control over your funds). This means that you control the wallet and not anyone else.
Consider installing PrizmCore for local use. If you prefer a physically secure place to store your coins, this will allow you to create a wallet while not connected to the internet.
Using PrizmCore, you become one of the nodes of the PRIZM network scattered all over the planet, automatically download the database that has already been accumulated since 2018, which will be stored locally, just like everyone else, and simultaneously (on average every minute), again automatically , along with the rest will continue to write the history of the entire network in the literal sense of the word.
This equal distribution of the entire database (history) provides greater security for the entire network from external influences. Cryptographic data encryption protects the entire system from internal influences as much as possible. Efficiency is provided by mathematically provable protocols for finding consensus during the interaction of network nodes with each other.
An important feature of PRIZM is that when you store coins in your wallet, you constantly increase their number. That is, the longer the coins are stored with you, the more new coins you will create when making any transaction anywhere in the world.
The so-called wallet
To send and receive pzm, you can create as many wallets as you want, without using any of your Personal Data.
To send and receive pzm, you will need a Personal Password — a Private Key that you create yourself from a simple record of a unique series of words. For example: “I learned a lot today. It turns out that managing your money is very simple!”
All these characters between the quotes are the Private Key from the wallet. In other words, the Private key is the wallet!
Reliable preservation of the Private Key is completely on your side! Using paper is not the most reliable way, you can use a more durable material, for example by engraving the Private Key on metal. But you need to understand that transferring or storing online or offline your Private Key in a pure, unchanged form is unacceptable. Always keep some part in your own memory.
Ignore any emails or private messages in messengers that you do not expect, from cryptocurrency exchanges or trading platforms, or simply from dubious accounts offering tempting dubious investments of your money into someone else's pocket, as they may contain phishing links that download various programs to your device remote access.
PRIZM suits everyone
PRIZM is a new type of money that works very differently from traditional money. No individual, company or organization controls PRIZM. It is a decentralized digital currency powered by a huge distributed network of computers owned by people who do not know each other, have never met each other, and may never meet each other in the future. Of course, you may be familiar with some of them, but no one ever knows exactly how many of these people support the network at the moment and where their computers are geographically located.
Thus, by owning PRIZM, only you have access to your funds. It is very important to remember that since no bank or other financial intermediary ever has access to your wallet, you are the one responsible for keeping it safe.
PRIZM can be used to move and store money
You can use PRIZM just like regular money. Send and receive transactions take place directly between two persons - the Sender and the Recipient, for personal or business purposes.
Transaction fees in PRIZM are very low. They are fixed and make up 0.5% of the transaction amount, in addition, the commission taken is returned to you in the form of new coins generated at the time of the transaction after some time. Thus, transactions are much cheaper, if not free, and also much faster than international bank transfers. The average time for any transaction is 1 minute. The minimum commission is 0.05 pzm Maximum - 10 pzm. That is, when transferring a large amount, the commission will not exceed 10 pzm.
You can also store your money in pzm. If you store large amounts in your wallet, then this wallet will generate more new coins, but try to provide an additional level of security to your storage, using only official resources published by the developers on prizm.space, or using your PrizmCore
PRIZM is accepted by companies
If you have your own business, then you can accept payments from your customers in PRIZM, as well as offer a variety of discount programs. This is anonymous and has various advantages, such as the impossibility of fraudulent chargebacks. It cannot be taxed or required to report. This is not available to the fiscal authorities.
PRIZM can be exchanged for other currencies
Whether you bought PRIZM, received it or earned it, you can exchange it for both local currency and other digital currencies.
One of the easiest ways to do this is through a cryptocurrency exchange. Create an account on a reliable exchange, it is better to immediately use decentralized exchanges, where there is no one to conduct any identity verification.
PRIZM transactions are confirmed multiple times
The computers running the PRIZM network are constantly processing and verifying the latest transactions as people send and receive their pzm.
These transactions are publicly recorded in a global digital ledger, copies of which reside locally on each of these computers. Such a registry and related processes are called in one word Blockchain.
Each time a new list of transactions is added to the blockchain in the form of a structure (block), each transaction from this list is considered confirmed once, and each transaction in the previous block is considered confirmed a second time. Acknowledgments are made by all computers on the network. In PRIZM, a transaction with 10 confirmations is considered the most secure.
The more blocks appeared after the block with your transaction, the more confirmations it has and the more secure it becomes. You can check how many times any transaction has been confirmed by searching for the transaction ID (which is called TX ID) in the block explorer on prizm.space or in your PrizmCore
PRIZM transactions are not completely anonymous
Because you don't need your Personal Data to create your own wallet, it's much more private than any bank account.
However, PRIZM is not a private currency: the blockchain is open to everyone, which means that all transactions can be viewed (although they are not tied to your identity).
But using simple tricks, it is still possible to ensure complete anonymity in PRIZM, thus no one will ever be able to find out 100% in which wallet your pzm is located until you make this information public.
To make your transactions more private, you can use a new wallet for every payment. Always remember that we are a community and we are connected and there are currently several tools available to enhance your privacy.
Epilogue
PRIZM is a currency born at the stage of manifested problems of already existing digital currencies, such as Bitcoin and its forks. PRIZM has absorbed all the best that Satoshi Nakamoto wrote about in his White paper, which scientifically described how a truly decentralized cryptocurrency should function.
But unfortunately, the Bitcoin he created, as it developed, technically could not leave its network truly decentralized, which became so dependent on providing a huge amount of electricity that it simply became pointless for an ordinary person with his computer to try to maintain the network.
The result of this has been the continued centering of the network on those who can afford to pay and provide themselves with enough computing power and electricity for them. And ordinary users increasingly began to use not their BitcoinCore, but wallets of various third-party services, trusting them to create and store “their” Private keys.
The developers of PRIZM implemented a blockchain, the operation of which is much more environmentally friendly and economically cheaper. And the community members ensured the decentralization of the network, with a steadily growing number of nodes supporting its performance, which make the network more and more decentralized. Everyone who has at least 1 pzm in his wallet participates in the issue of new coins, regardless of participation in maintaining the network. And those who own 1000 pzm or more start to easily use PrizmCore on their simplest computer, joining in maintaining the network and starting to receive, in addition to their emission, also a commission from transactions.
This is one of the elusive for many unique qualities of PRIZM. Everyone can easily use a cryptocurrency, the blockchain of which is in no way inferior to that of many top cryptocurrencies, reaching the status of an irreversible transaction within 10 minutes on average, while not allowing branching into numerous forks (forks) at the top of the chain. And such work is provided by peer-to-peer nodes, each of which consumes no more electricity than an electric kettle!
To appreciate the difference - try, for example in Bitcoin, to reach 10 (ten) confirmations of your transaction in the entire network, consuming electricity during mining - no more than a kettle, in about 10 minutes
With continued use of PRIZM, people need to understand how it works. Digital money is different from traditional finance, to which we are all accustomed and which were simply imposed on all of us from the outside. PRIZM offers several core values that many currencies cannot achieve and, judging by the technical design, will never achieve:
1. Decentralized peer-to-peer network
2. Availability and ease of use on a regular computer
3. Autonomous regulation of the blockchain, no technical support
4. Fair emission for each wallet individually
5. Ability to build a network of followers within the blockchain itself
We are passionate about everything about PRIZM and want to help you through the learning process. Therefore, everyone who has PRIZM is ready to donate a few pzm for free, to start your acquaintance. It is important to get an understanding of how to use PRIZM safely before investing heavily in it to invest and profit from further sale.
There is a lot to learn here, but it's definitely within your power. PRIZM is a really great solution that can change the world, where the main goal is not the profit from its sale, but the widespread, independent use and restoration of fair economic relations between all people, beneficial to everyone! Join us and let's change the world together!
P.s. To receive information from the developers, you can subscribe to their official Telegram channel @prizmdev (https://t.me/prizmdev) All the most important events of the PRIZM community and network are published there.