Topic: [ANN] 🔶🔶🔶 PZMCash - SAME SAME, BUT DIFFERENT 🔶🔶🔶 - page 6. (Read 3246 times)

Hello. 👋🏻 In this post, we will explain how the growth of funds on the balance of PZMCash Wallet occurs.

❗️ First of all, it is worth talking about our bid. In the case of the PZMCash wallet, this is the usual rate for a simple percentage. The percentage is calculated on the basis of two indicators: accrual rate and multiplier.

❓ How is the percentage calculated?

🔹 The accrual rate is calculated taking into account the multiplier. The base rate depends on the number of coins on the balance. The multiplier is affected by the number of funds in the support wallet. The higher the total value, the higher the coefficient.

🔹 To know more about the maximum and the minimum possible rate of growth of the balance and about the multiplier, read our Whitepaper: https://pzmcash.com/docs/WP_MARCH2020_ENG.pdf

❓ When are coins credited?

✅ Charging occurs every time you confirm any outgoing transaction. An outgoing transaction merges the balance of support wallet and regular wallet. Consequently, the number of payments depends on the number of transactions made.

✅ You can also just keep coins in your wallet, receiving passive income with compound interest, if for some reason you do not like the system when your income depends on the number of transactions.

📢 Follow our project here: https://pzmcash.com/

Hello 👋🏻 In this post, we will tell you about making money with cryptocurrencies and about the prospects of making money with PZMCash

📌 The most common ways to make money using cryptocurrencies:

• Mining
• Trading
• Purchase and storage of coins in an electronic wallet
• Masternodes
• Staking
• And other

🔸 However, they have their drawbacks. For example, mining is too resource-intensive and requires start-up investments in equipment. Payback will take a lot of time, and profits are hard to predict. Trading requires starting investments in the purchase of coins and in-depth knowledge and experience in this area.

🔸 Buying and storing coins in an electronic wallet is an easy way to make money. However, it's a long-term strategy that won’t bring you instant profit, it requires patience and diversification. Also, there are no guarantees of stable coin growth, especially in an unstable crypto market. Launching a masternode requires a significant initial investment and a high level of technical literacy.

✅ Ways to make money in PZMCash

🔸 Each user will be able to earn money by putting money in a stake. 
🔸 Anyone who becomes the pre-miner of PZMCash gets an additional advantage: they will first receive the right to provide additional liquidity through PoS mining.
🔸 PoS mining - accrual of coins on the balance of funds on any activated user's wallet.
🔸 Forging. When you deploy a node, you get the right to add new blocks. The more coins are in the wallet, the higher the chance to create a new block.

📢 Learn more about the ways to earn money in PZMCash: https://pzmcash.com/

Hello!  In this post, we will tell you how PZMCash protects your data.

When stock markets collapse, they will be supported by the printing of new paper money, and this is already a big sign for inflation to approach. No one supports cryptocurrencies. This is part of the free market that they are trying to impose restrictions on, and at the same time, cryptocurrency still continues to behave better than stock markets. Cryptocurrency is not only decentralization, but it is also:
 availability;
 lack of control with the ability to remain incognito;
 work without third parties and intermediaries;
 transparency of settlements;
However, the safety and security of cryptocurrency and user data on various platforms remain an important issue.

 How does PZMCash protect your data?

 The time-tested SHA256 cryptographic hashing algorithm is used, built on the Merkle-Dangor structure. SHA256 is a secure hash algorithm for the SHA2 family. This is a popular cryptographic hashing algorithm developed by the National Security Agency - the US National Security Agency.

 The bet on scaling and network development reduce the likelihood of a “51% attack” (the possibility of eliminating transactions or changing the order of transactions), where an attacker needs to gain control over 51% of all PZMCash coins.

 To prevent attackers from increasing their likelihood of forging by moving a large number of coins to one account, a rule of staticity is introduced in PZMCash. These coins on the balance sheet that determine the probability of forging. In the event of such an attack, an attacker will not be able to forge anything during the day, which promises him big losses.

 Learn more about PZMCash security here: https://pzmcash.com/en/

 Subscribe to our social networks not to miss new posts!

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 Hello, everyone!

 We are pleased to inform you that we are ready to announce the winners of the AMA contest!

 We remind you that according to the terms of the contest, the best question will get 500 PZMC,
as well as 5 random participants will be guaranteed to receive 100 PZMC each!

Here are the results:
 Winner — @Mark540
gets 500 PZMC for the best question.

Random users were chosen via random.org (video).

The random users are:
8 — @john_reed
 13 — @gandul7
 22 — Valery Pavlov
 27 — Alexander Stamp
 14 — @gandul7

These users get 100 PZMC each!

Thanks a lot everyone for your participation! We will go on creating new contests for you, stay tuned!

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Hi, everyone.  Today we will tell you about pre-mining and PoS mining.

⛏ Pre-mining is the extraction of coins (tokens) by developers until the cryptocurrency is officially launched, it is also called preliminary emission. These coins are not mined in the usual way, they are generated by a software algorithm.

⛏ PoS mining is one of the types of crypto mining that allows you to receive cryptocurrency without the use of powerful equipment (as in PoW mining), for example, ASIC or special farms for mining.

 Pre-mining in PZMCash

The initial issue is 90 million PZMCash. This is 1% of the total final liquidity, which will amount to 9 billion PZMCash. The remaining coins will be issued during PoS mining - payments to the loyal PZMCash holders for supporting the network. The distribution of coins will be implemented as follows:
• 0.7% (63 million PZMC) - Public Sales;
• 0.1% (9 million PZMC) - to the PZMCash project team;
• 0.2% (18 million PZMC) - for marketing campaigns.

Coins will be issued with the start of the network (generation of the first block in the network) and distributed decentralized among a large number of participants, which will make up the initial user base. The first users will get the benefits of early login and will be able to start forging ahead of the rest.

 PoS mining in PZMCash

PoS mining is a mechanism for providing an increase in the balance of coins to loyal PZMCash users. Users will receive monthly interest accruals at the accrual rate on the effective wallet balance. The rate depends on the current balance on the active lead wallet and the current total balance on the support wallets - those that were added by the owner of the leading wallet as support.

The reward for PoS mining is based on the value of the effective rate, which is calculated by multiplying the build rate by the multiplier. The maximum rate of increase in the balance of the participant’s coins is 21% per month, the minimum - 1.2% per month or 14.4% per year.

 Read more about PZMCash solutions here: https://pzmcash.com/en/

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Hello.  In this post, we will tell you about the PZMCash ecosystem.

 The main characteristic of PZMCash is its focus on the rapid scalability of both the money supply and the offer of services from developers and partners. The development and scaling of PZMCash infrastructure is carried out in several directions:
- Protocol export
- Creating decentralized applications
- Partner Currency

 The PZMCash model of expanding the money supply implies the use of a core that was originally designed to create additional user scenarios. In this way, developers achieve a balance of supply and demand for PZMCash coins. This approach helps to avoid the occurrence of inflationary mechanisms in the ecosystem and the depreciation of the exchange rate.

 The emergence of new projects creates additional value for consumers by adding new products and services. An increase in demand leads to a balancing of supply, and an increase in turnover contributes to the stability of PZMCash to the external environment (the strengthening of the exchange rate).

 Unlike other cryptocurrencies, users of the PZMCash light client can receive rewards for supporting the ecosystem. This scenario does not allow forging and adding blocks to the network, but the PZMCash PoS mining algorithm provides stable passive income.

 Participation in the ecosystem provides a set of competitive advantages:
• a growing solvent customer base allows you to scale your business and increase profits;
• obtaining many technical and technological solutions and automating business processes: mutual settlements systems, smart contract systems, building a company’s work history, tracking counterparty reputation, countering falsification, etc.
• the ability to build partnerships;
• improving business reputation and status as the ecosystem develops;
• access to financing and the attention of venture funds;
• entering the international market when joining the network.

 ⚡️ Join the PZMCash ecosystem and take advantage of all its benefits! ⚡️

 Read more about PZMCash here: https://pzmcash.com/en/

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Hi there! 

We’ve got some exciting news for you!
This is what you’ve been waiting for so long! We are finally launching our blockchain!   The long-awaited launch will take place tonight (June 12 - June 13)!

Thank you for your support and patience!   Stay tuned for more updates!

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Hello, everybody . In this post, we will tell you about the success of our project even against the backdrop of the pandemic crisis.
⠀
 Because of the COVID-19 pandemic, many people lost their source of income. This could not but affect the financial market, stock exchanges experienced crisis, and oil futures took an unprecedented hit. One way or another, cryptocurrencies also belong to the financial area.
⠀
 Bitcoin is the cryptocurrency №1 not only in value and capitalization but also in its impact on the market as a whole. Any correction in the price of BTC affects the entire market. Bitcoin sank to the level of "moral minimum." Many cryptocurrencies followed it. The situation affected stablecoins the least, which is not surprising.
⠀
 Many startups and projects at an early stage of their development, unfortunately, could not stand it. Most of them already had difficulties attracting investments, often having either a small plus or even at a loss. Therefore, even a short-term drop in the crypto market negatively affected their activities.
⠀
 The PZMCash project dealt with this crisis 100%. As we all know: "That which does not kill us makes us stronger." We can now say with confidence that our team is ready for any challenge. As you can see, we have not deviated from the roadmap, stick to deadlines, and do everything according to plan. All of this we were able to achieve thanks to the team of professionals who were able to show flexibility even in such a difficult situation.
⠀
 Follow us on social media to track the further development of the project!
⠀
 Stay tuned, there will be a lot of interesting things ahead!

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We will inform you about listing and negotiating in our social networks, follow the news - https://pzmcash.com

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Greetings!  Today we will tell you about the PZMCash distinctive features.

PZMCash is an innovative fast-growing ecosystem that has its own currency, created as a means of payment. One of the features of PZMCash is that the economic motives of each individual participant provide an increase in overall well-being. The PZMCash project places great emphasis on increasing the scaling of the system and balancing the supply and demand.

 Distinctive features of PZMCash are:
 Unique architecture
 Advanced PoS Consensus Algorithm
 JavaScript injection and Web3.js application
 Various cryptocurrency usage scenarios
 Forging features, etc.

 The PZMCash architecture has the following advantages:
  Sidechains provide security for the main ledger.
  Proof-of-Stake Consensus Algorithm.
  Maximum features for developers of decentralized applications (DApps).

 The PZMCash team has significantly improved the PoS consensus algorithm, which contributes to the growth of network liquidity. A distinctive feature of PZMCash PoS mining in the mechanism of filling the network with money supply is only 1% PZMC will be issued at the pre-mining stage, most of the coins will be issued during PoS mining and distributed as incentive payments to loyal PZMCash holders for network support.

 Thanks to the simplicity and accessibility of JavaScript, the range of third-party applications will be significantly expanded. It also allows you to significantly expand the functionality of browser solutions related to PZMCash. And thanks to Web3js, a wide range of partners will gain access to the balance sheet and unify PZMCash as a payment instrument.

 In PZMCash, users can follow a passive scenario, or engage in forging and actively participating in the development of the network, receiving additional rewards for this. The commission for transactions in the PZMCash network is fixed, which guarantees a fair distribution of remuneration between forgers.

Take advantage of all the benefits of PZMCash!
 Join in and get rewards!

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For more information about future plans follow the news not to miss the announcements of these events.
Check out our Socials: https://pzmcash.com

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Hello, community!  Today we will tell you about the possibility of administering the PZMCash network.

Each user, regardless of their location, can carry out transactions and, if desired, participate in network administration by deploying a node and installing the necessary software for this. With active participation in the PZMCash network, the user is also its administrator and actively participates in its development and expansion. This scenario involves forging - the user adding new blocks and records to the ledger and confirming them, that is, synchronizing and administering the blockchain.

Network Administration Benefits

While administering the network, the user confirms the transactions of other users and adds new blocks, for which he receives rewards from PZMCash in the form of a forging fee, a percentage of the amount of transactions in the block.

What is needed in order to administer?

 Expand a full node by allocating space on the HDD and installing special PZMCash software.
 Constantly keep on balance as many PZMCash coins as possible.
 Keep the node online, create new blocks and build blockchain branches containing hashed transaction records.
 Receive remuneration for confirmed transactions in the form of a commission fee - a percentage of transaction amounts (forging).

 The higher the balance of static PZMCash coins in the wallet and the longer the new block was not added to the blockchain, the higher the chances of adding a new block to the blockchain with such an account.

Learn more about the features and benefits of network administration: https://pzmcash.com/en/

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Hello, community.  Today we will tell you about crypto ATMs and their features.
 
 What is an ATM?
ATM is an electronic telecommunications device that allows customers from financial institutions to withdraw cash, replenish deposits, make money transfers, and also receive account information. At the same time, ATMs are designed for self-service, are always available, and eliminate the need to visit a bank branch. In most modern ATMs, customers are identified using plastic cards (or some other acceptable payment card) with a PIN code.
 
 Benefits of Using ATM
Using an ATM, customers can access their bank deposit accounts, manage their money without having to visit the bank and stand in line, they also provide the opportunity to quickly recharge a card or mobile phone. ATMs are also used to withdraw cash in a foreign country, even if the money on the card is in a different currency, they are simply converted according to the exchange rate.
 
 Cryptocurrency ATM and their features
With the development of information technology, the advent of blockchain, and the increasing popularity of cryptocurrencies, the emergence of cryptocurrency ATMs was a natural step. Of course, most of the crypto ATMs belong to the main cryptocurrency - Bitcoin. Bitcoin ATM is primarily intended for exchanging cash for cryptocurrencies, however, part of the machines (about 30%) also offer the possibility of withdrawing cryptocurrencies into cash fiat money. Bitcoin ATMs are machines that are connected to the Internet, which allows you to enter cash in exchange for cryptocurrency, the amount of which is indicated on a paper receipt. In doing so, they charge a transaction fee.
 
 PZMCash is planning to create an ATM network for the convenience of users of PZM currency, who can withdraw personal funds by exchanging PZMC for fiat, replenish their crypto wallets, buying PZMC, check the status of a personal account, and more. Since PZMCash is a means of payment, we also plan to issue our own plastic debit card in Q1.2021.
 
Follow us on social media not to miss new exciting updates on PZMCash project!
PZMCash website: https://pzmcash.com/en/
 
PZMCash Whitepaper: https://pzmcash.com/docs/WP_MARCH2020_ENG.pdf

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Greetings.  In this post, we will tell you about the difference between passive and active use case scenarios in PZMCash.

 As we mentioned earlier, various scenarios for using PZMC currency will be available to PZMCash users. Let's see how the active use case differs from the passive one.

 First of all, these two scenarios differ in the degree of participation in the development of the network. In a passive scenario, a network participant is its simple user. They do not participate in the addition of blocks, in the confirmation of transactions, etc.

 With passive participation in the PZMCash system, a hot wallet (web version) is used that allows you to carry out transactions and execute smart contracts. Passive users also have access to PoS mining - passive income from mining coins directly in the user's wallet. The more coins are in the user's wallet, the higher his reward.

 With active participation, the user is also a network administrator (forger) and actively participates in its development and expansion. This scenario assumes that the user is actively involved in building the network - adding new blocks and records to the ledger and confirming them, that is, synchronizing and administering the blockchain.

 Being engaged in forging, active participants receive income in the form of a forger commission - a percentage of the number of transactions in the block. For active participation, the forger will need to allocate space on the HDD for the needs of the system in order to deploy a full node.

 Active participants receive a reward for confirmed transactions in the form of a commission fee - a percentage of transaction amounts. The chances of adding a new block to the blockchain with a specific account are the higher, the higher the balance of static PZMCash coins in the wallet, and the longer the new block is not added to the blockchain.

 Choose a scenario that you prefer!

 Start making money with PZMCash today!

You can learn more about the project here: https://pzmcash.com/en/

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Greetings, readers.  In this post, we will tell you about PZMCash solutions regarding liquidity and system scalability.

✔️ For successful development, it is necessary to provide a reasonable algorithm for filling the network with liquidity, as well as channels for scaling the network. The value of PZMC coins, its exchange rate, form supply, and demand. However, how to achieve the stability of its course in relation to both fiat money and other cryptocurrencies?

✔️ In order for the rate to be stable, it is necessary to ensure a sufficient supply of PZMCash coins, which is formed in the ecosystem according to the liquidity filling algorithm. As well as sufficient demand, which is provided due to the growth in the number of available services and use cases for participants.

✔️ Participants in the PZMCash ecosystem can be both private projects and individual users, like business angels and public and state agents, as well as developers and creators of projects and applications, the list is almost endless.

✔️ Demand for PZMCash will grow due to:
• integration of partners who will use PZMCash as a payment unit;
• Dapps and Apps development (expansion of network services).

✔️ On the other hand, we must ensure the correct mechanism for filling the network with liquidity (emission of PZMCash coins). An increase in PZMCash  liquidity includes an initial offer (premining), as well as PoS mining - a reward that users receive for participating and supporting the network.

 Find out more about PZMCash solutions here: https://pzmcash.com/en/

Subscribe to our social networks not to miss important updates about the project!

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Greetings!  Today we will tell you about the forging process in PZM Cash.

 Forging is the ability to profit in the form of new units of cryptocurrency, by receiving a certain percentage for the work performed. Forging is a special technology for the production of additional blocks in the blockchain on the basis of evidence of a share loss with a real opportunity to pick up a reward.

 In PZMCash, a similar process of making a profit is based on the creation and addition of new blockchain blocks, while the account that formed the block receives a fixed commission for the transaction.

 The amount of commissions for all transactions in the block is the forger fee charged to the account, to the formed block. The chances of adding a new block to the blockchain by a certain account are higher, the higher balance of static PZMCash coins in the wallet, and the longer the new block was not added to the blockchain.

 It is worth noting that the main advantage of forging in PZMCash is the fact that it does not require expensive equipment, as is the case with mining. This helps to create blocks and attract more people, as it becomes possible to earn without large investments.

 Those who prefer to create “passive income” should remember that if you decide to do this and get stable money, then you need to spend enough time forging so that the new blocks that you create will allow you to receive the income that you expect.

 PZMCash forgers deploy a full node where the full current version of the blockchain is stored. In addition to forging, a full node performs an audit function. In this context, the node regularly checks (and confirms) the results of forging other nodes and distributes the load across the network, acting as a kind of content delivery network (CDN) for blockchain data.

 The only forging fee provided is a transaction fee of 0.1 PZMC. Transactional fees are awarded to an account when it successfully creates a block. As the network expands, the number of transactions within it grows, respectively, and earnings in the form of forging will increase.

 Read more about PZMCash forging features here: https://pzmcash.com/en/

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Hey.  Today we will tell you about the features of PZMCash as a payment system.

If a few years ago for ordinary people, cryptocurrency was something incomprehensible and was rather a means of making money (trading, short-term investments), by now it has become clear to almost everyone that it will find its niche among means of payment.

 Contrary to popular belief, the main plus of cryptocurrencies is not anonymity at all, but the fact that they are an excellent means of payment. You no longer need to go to the bank and provide a lot of documents for the sake of receiving a card. Simply create a wallet and use it. At the same time, no one can block or cancel it.

✅ Feature of the PZMCash payment system

 First of all, PZM Cash relies specifically on the creation of a payment system. This will be achieved by using Web3.js for maximizing the unification with services. You will simply bind the PZM Cash wallet to the service you need and get the opportunity to pay for goods and services. To do this, you will just need to have a hot wallet.

 With PZMCash, you can send, receive, store, and exchange cryptocurrencies in minutes. The amount of the commission fee is 0.1 PZMC and is fixed.

 Creating a wallet on our service, you get the opportunity not only to be a member of the payment system, send and receive transactions, but also have the opportunity to participate in PoS mining, which will give you the opportunity to create passive income by simply keeping funds on the balance of your PZMCash wallet.

 PZMCash plans to create a network of ATMs and debit cards PZMC for the convenience of using PZMC currency. Thus, users will be able to cash out the currency, transferring it to fiat, replenish the PZMCash wallet in order to use the currency as a means of payment, or for staking. A PZMCash debit card will facilitate shopping in stores.

 Learn more about the PZMCash payment system: https://pzmcash.com/

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Hey.  Today we will tell you about Web3.js and its advantages.

 Web3.js is a JavaScript library for working with the Ethereum blockchain. Web3.js aims to simplify work with smart contracts by turning them into regular JavaScript objects.

❓ How does it work?

 Ethereum smart contracts are written in Solidity, this programming language is very similar to JavaScript. The smart contract code is written in Solidity, then the compilation process takes place in bytecode, which is later written to the Ethereum Virtual Machine. Thus, later this smart contract can be read.

 To connect to the blockchain, we must provide Web3 with what is called a “provider”. This is an entity that communicates with the Ethereum node and transfers data from machine language to Web3 commands.

 At the same time, a big plus is an implementation inside the browser. It allows you not to access the core of the blockchain every time to call new resources, which significantly improves the speed of work.

 Benefits of using Web3.js in PZMCash

✔️ Web3.js technology is good in that it allows developers to write smart contracts with a minimum of costs and not think that they will not work on a particular platform. You will not need to create a separate wallet for each resource on which you want to use the PZM Cash Wallet.

✔️ Due to the fact that the JavaScript programming language is the standard of web development, PZM Cash can provide its wallet for use on all platforms that work in the browser and most of the native applications that support JavaScript.

✔️ Also, thanks to Web3, using our wallet you can send transactions not only to other network participants but also to the addresses of other smart contracts, which greatly simplifies the user’s handling of funds and increases convenience.

Learn more about Web3.js and PZMCash solutions: https://pzmcash.com/

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Hey.  Today we will tell you about the benefits of the modified PoS algorithm in PZMCash.

 An important distinguishing feature of PZM Cash is PoS mining - an algorithm for filling the network with additional liquidity in addition to the initial pre-mining of coins.

 Classic PoS involves the distribution with the opening of the network (the formation of the genesis block) of all coins at once between users and the use of transaction fees as a reward for network maintenance.

✔️ A distinctive feature of the PoS algorithm in PZMCash is the fact that all coins, with the exception of 1% issued during pre-mining, will be issued in the form of a reward to loyal PZMCash coin holders for supporting the network.

✔️ This is a fairly aggressive model for expanding the money supply, but this is why the PZMCash system is designed for the existence of several user scenarios. Thus, balancing the supply and demand for PZMCash coins is achieved in order to avoid the occurrence of inflationary mechanisms in the ecosystem and the depreciation of the exchange rate.

 Distinctive features and advantages of PoS in PZMCash:
 The chances of adding a new block depend on the number of coins in the account.
 The age of the coin does not affect the amount of reward for adding a block.
 PoS mining balance is coins in the user's wallet that remained static (staked) for a certain period of time.
 The commission fee is 0.1 PZMC and is fixed.
 No other forging payments are provided.

✔️ The consensus algorithm ensures the dynamics of the system, that is, its development and growth while preserving the unique properties of the blockchain: equality of nodes and objectivity. Moreover, each node in the network reaches the same state after processing each transaction and each block.


Find out more about the PoS algorithm in PZMCash here: https://pzmcash.com/

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Greetings. In this post, we will tell you about sidechains as a way to scale in PZMCash.
⠀
One of the important features and advantages of PZMCash architecture is its sidechains. Sidechain is a stand-alone ledger implemented over the main network.

They perform the following important functions in the PZMCash system:
 Provide security for the main network (blockchain);
 Contribute to development opportunities;
 The need to deploy a virtual machine to fix bugs disappears;
 Provide unlimited scalability.

❓ How does it work?

Sidechains are on top of the main network, so if problems arise in the subsidiary networks, the main network remains uninterrupted. This provides an additional level of security and stability for the PZMCash system. Developers can also create experimental dApps without fear of breaking the stability of the network.

❓ What provides the scalability of PZMCash?

Due to the possibility of creating dApp on sidechains using the Web3.js technology, the PZMCash platform becomes available for a large number of developers and provides for the scaling and development of user cases. That is, in order to develop your decentralized application for PZMCash, you do not need to learn special languages since PZMCash uses familiar and accessible to everyone JavaScript.

Thus, the technology of sidechains and the use of JavaScript contribute to the growth of the offer of services from developers and partners, which in turn contributes to the development and scaling of the PZMCash infrastructure.

 Find out more about PZMCash solutions here: https://pzmcash.com/



[moderator's note: consecutive posts merged]

Hello, dear community

We are glad to announce that our coin sales are over! All the results will be posted these 2 days, so follow the news

The end of this long stage means that we are ready to start a new one! The next stage is the blockchain launch that will let you transfer the assets from the personal account to the official wallet. All the instructions will be provided later

Thanks a lot for your participation in our coin sale and support! We appreciate it a lot

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Greetings, dear community!

 As promised, we share with you the results of the coins pre-sales!
 During the entire period, 54,121,545 PZMC were sold, which is 86% of our target

 But the good news doesn't end there! We decided to thank you for participating in the life and development of our project and distribute all unsold coins to all users in proportion to their balances, including referral bonuses

And also soon will be published a mechanism for switching from a personal account to a blockchain. ⚙️

Stay with us! Ahead of us are new goals and victories!

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Hello, community! 
In this post, we will tell you about nodes, their purpose, and types.
 
In PZM Cash, any active electronic device can be a node. The role of the node is to maintain the network in order to distribute and store copies of the blockchain and process transactions. Nodes are often located in the structure of trees known as binary trees.

 Usually, a node has three purposes:
⚙️ Follow the rules (consensus online)
⚙️ Share information (about transactions and the amount of funds)
⚙️ Keep a copy of confirmed transactions

The PZM Cash nodes are synchronized, so if even a significant number of nodes fail, the remaining nodes will indicate an error. Therefore, to carry out an attack on a blockchain, an attacker needs to synchronously change data in a huge number of nodes, which becomes more and more difficult as the network grows. This also eliminates the possibility of a double-spending error, when the same coin can participate simultaneously in different transactions.

 Types of Nodes

There are different types of nodes, but each of them has one feature - you will need equipment to host the node or to connect to other nodes. There are nodes for mining new coins, Web nodes, Archival, Truncated, Full, Light, etc. PZM Cash uses full nodes and light clients.

 Full Nodes contain a complete copy of the blockchain history, including all created blocks. A full PZM Cash node can participate in the creation of new blocks - forging. The holder of a full node can actively participate in the formation of the blockchain by grouping incoming transactions into blocks and distributing them over the network.

 Light Nodes or Simple Payment Verification (SPV) nodes - contain only the data that is important for the node, which saves resources. Therefore, they are ideal for organizing a dedicated cryptocurrency wallet. In PZM, such nodes allow you to generate transactions and track the balance of the wallet, the device will not be loaded with anything superfluous. This makes it possible to work on mobile devices or in your account on the PZM Cash Wallet website. At the same time, to send transactions, it is enough to store the private keys with which these transactions are signed.

However, unlike other cryptocurrencies, users of the PZM Cash light client can receive rewards for supporting the ecosystem. Yes, a light client cannot participate in forging and adding new blocks, but the PoS mining algorithm ensures a steady flow of new coins to the balance of light wallets.

Read more: https://pzmcash.com

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Hello, readers!
In this post, we will tell you about the benefits of participating in the PZM Cash ecosystem!

 PZM Cash is a cryptocurrency created as a means of payment for a fast-growing ecosystem in which the economic motives of each individual participant provide an increase in overall wealth. The main strategic success factor for PZM Cash is its bet on the growing scaling and balancing of money supply and demand.
 
 Characteristics of PZM Cash:
 Open source. All data will be freely available on GitHub with unloading SDK for applications based on PZM Cash.
 Decentralization. Decisions on updates and changes are made by a majority of votes using the option built into the native wallet.
 Smart contracts. The ability to use cryptocurrency to create decentralized banks, exchanges, credit services, exchangers, casinos, bookmakers, games and applications.
 Web3.js technology, which is and is used in Tron and Ethereum wallets. It allows you to conveniently go through your wallet to sites and services in which you use cryptocurrency as payment. ⚙️

 Distinctive features of our ecosystem:
 Algorithm. Modified Proof-of-Stake Consensus Algorithm.
 Security. Sidechains providing security to ledgers.
⏱ Speed. The time to generate a new block is on average every 60 seconds.
⚙️ Integration. Maximum features for application developers (DApps).
⛏ Mining. Monthly increase in wallet balance up to 21%.
 
 For details, visit our website: https://pzmcash.com

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Greetings!  In this post, we will tell you about hashing algorithms and their role in PZM Cash.

 Signatures in PZM Cash are hashed using the time-tested SHA256 cryptographic hashing algorithm, built on the Merkle-Damgor structure.

❓ What is a hashing algorithm, a hash, and what role do hashing play in the PZM Cash system? Let's figure it out.

 A hash algorithm is a mathematical function that compresses data to a fixed size. Hashing is also called encryption. A hash is a number that is generated from text using a hash algorithm. Typically, this number is less than the original text. The same hash value cannot be used for different text. The slightest change in the text will completely change the value of the hash. This is called the avalanche effect.

 When it is necessary to compare two files, instead of character-by-character comparison, it is easier to first calculate their hashes and compare them. In the blockchain, this is extremely useful when storing and verifying passwords. How? It is enough to compare the hash of the set password and the hash of the entered password to make sure that the correct password is entered. The bonus is that the password itself is not stored in the database, which is very important for the security of the PZM Cash system.

 SHA is a secure hashing algorithm. There are several versions of the algorithm: SHA-1 and SHA-2. The main difference between them is to create a hash from the source data and the signature length. SHA-1 is a 160-bit hash, SHA-2 is a “family” of hashes and can have different lengths. PZM Cash uses the most popular 256-bit version.

 Today, the use of SHA-1 as a hash algorithm is not recommended for signing certificates. The main problem with SHA-1 is the known vulnerability of the algorithm. It makes possible attacks leading to conflict. Thanks to attacks, attackers can create additional certificates with the same signature. To work with Microsoft platforms, all SHA-1 SSL certificates must be replaced with SHA-256 (SHA-2).

 For more information, visit our website: https://pzmcash.com

 Like, repost and subscribe to stay updated on new interesting posts!

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Hello, everyone!  Today, we will tell you about the liquidity problem in the cryptocurrency market and PZM Cash solutions.

What is liquidity?

Liquidity means the speed and ease with which one asset can be exchanged for another, or converted into cash while maintaining its market value. The liquidity of fiat money, for example, is ensured by the state, whose central bank issues money and legislates it as a means of payment, which must be accepted by all economic agents.

Liquidity in the crypto market

Like traditional assets and fiat, the faster a digital asset is sold on the crypto exchange, the more liquid it is considered. However, according to statistics, more than a third of users are concerned about liquidity, as small exchanges and startups may experience liquidity problems. In particular, this is because the number of assets can significantly exceed the number of potential buyers.

In conditions of low liquidity on the exchange, large spreads can slow down trading, and only a small number of orders will be in the order books. These factors just scare away potential buyers and sellers who would bring more liquidity to the exchange.

Liquidity in PZM Cash

✅ An important distinguishing feature of PZM Cash is PoS mining - an algorithm for filling the network with additional liquidity in addition to the initial genesis of coins.

✅ Ecosystem liquidity (PZM Cash coins) will be provided in two stages:
 the initial offer of PZM Cash (at the pre-mining stage);
 expansion of PZM Cash liquidity (at the stage of PoS mining).

✅ The developers have chosen the kernel, originally designed to create additional user scripts. Thus, balancing the supply and demand for PZM Cash coins is achieved to avoid the occurrence of inflationary mechanisms in the ecosystem and the depreciation of the exchange rate.

Read more about PZM Cash here: https://pzmcash.com/ru/
And in our White Paper: https://pzmcash.com/docs/WP_MARCH2020_RUS.pdf

 Like, repost and subscribe, so as not to miss new interesting posts!

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Hello.  Today, we will tell you about the scalability of PZM Cash.

 All cryptocurrencies have one common and, probably, the main problem - scalability. Scalability is the ability of a cryptocurrency to cope with the influx of a large number of transactions at one time.

 For example, the system of the most popular cryptocurrency Bitcoin can function stably at seven transactions per second. If there are more transfers per second, then all transactions are queued and delays begin. And here commissions are used - the more the client pays the commission, the faster his transaction with the currency will be carried out.

 Such an unpleasant situation arises due to restrictions on the blockchain. Even with miners, commissions and a small block size, cryptocurrencies cannot ensure the successful execution of a huge number of transactions at the same time. That is, in the case of a large influx of operations, systems may not cope with traffic.

 Scalability of PZM Cash

As the development direction and its main priority, PZM Cash has chosen the rapid growth of the money supply, the development of infrastructure and the scalability of the offer of services from developers and partners. These goals in PZM Cash will be achieved in several ways:

✅ Create Dapps. Decentralized applications simplify collaboration with development partners. In this case, they will be allocated their sidechain, recorded on top of the main ledger. Also, each user of the application will have their own wallet.

✅ Currency at partners. Web3.js technology used in PZM Cash Wallet enables users to use PZM currency in partner projects and platforms (exchangers, exchanges, IM).

✅ Export protocol. Any developer has the opportunity to use the PZM Cash protocol as a core in their project, since PZM Cash has an open-source code. All that is needed is to deploy and run a full node (network node) and install and synchronize a special API module.

Read more here: https://pzmcash.com

 Join our community and grow with PZM Cash!

 Subscribe to us not to miss new posts about our project!

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Greetings!  Today, we will tell you why 2020 should be the year of bitcoin.

 Due to the significant collapse of world markets and the isolation of most countries against the backdrop of the unfolding coronavirus pandemic, some analysts predict that the shocks through which the global economy passes in 2020 can overshadow the scale of the 2008 financial crisis.

The founder and CEO of Galaxy Digital, Mike Novogratz, recalled that the creation of bitcoin was a consequence of the 2008 global economic crisis, and it is likely that this full year of trials could seriously push the cryptocurrency industry. Novogratz published an optimistic tweet about Bitcoin just a few hours after the US Congress was unable to adopt a package of economic measures to combat coronavirus:
  “Bitcoin will continue to demonstrate volatility over the next few months, but such a macroeconomic background is why it was created. This year will be and should be the year of bitcoin.”

This month, all traditional assets have seriously fallen - this has not been seen on the markets since 1987 - this decline affected the first cryptocurrency. At some point, Bitcoin lost 60% of its value, dropping to some $ 3600 on some exchanges.

Frightened by the coronavirus, investors continue to sell their assets in panic. Nevertheless, Novogratz remains optimistic and sees potential opportunities for the growth of the main cryptocurrency against the backdrop of a developing crisis. After all, Bitcoin - a cryptocurrency that is resistant to censorship and manipulation with limited emission - was developed precisely as an alternative to an unstable world monetary system.

 Changpen Zhao, CEO of the largest cryptocurrency exchange Binance, agrees with Novogratz last week - he said that he was absolutely sure that Bitcoin will take its place in the future as a safe haven for assets, given that its emission is limited and impossible to manipulate like fiat currency.

 PZM Cash is a cryptocurrency created as a means of payment for a rapidly growing ecosystem in which the economic motives of each individual participant provide an increase in overall wealth. The main strategic success factor for PZM Cash is its bet on the growing scaling and balancing of money supply and demand.

The main characteristic of PZM Cash is its focus on the rapid scalability of both the money supply and the offer of services from developers and partners. The development and scaling of PZM Cash infrastructure can be carried out in several directions including creating of Dapps, protocol export, currency from partners.

Read more about PZM Cash here: https://pzmcash.com/en/
And in our white paper: https://pzmcash.com/docs/WP_MARCH2020_ENG.pdf

 Like, share, and stay tuned for new exciting posts!

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Hello, dear community!

 We are pleased to inform you that on May 22, the opportunity to register official wallets and submit an application for withdrawing coins from your personal account will be launched.

⏳ For this operation, we will give you 7 days so that everyone has time to register and leave applications. After that, the blockchain will be launched!

Thank you for your expectation and support.
Stay with us and stay tuned for news about our project!

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Hello.  Today, we will tell you about what benefits the PZM Cash ecosystem has for its members.

⚙️ PZM Cash architecture has the following advantages:
• sidechains ensuring the safety of the main ledger;
• Proof-of-Stake consensus algorithm;
• Maximum features for DApps developers.

 PoS mining and rewards for loyalty

When the network starts, only 1% of the total number of coins will be distributed using premining. The remaining coins will be issued during PoS mining - payments to the loyal holders of PZM Cash for supporting the network.

Remuneration of users for loyalty through PoS mining provides the network with a solvent user base and generates demand for services in the PZM Cash ecosystem. In addition, the orientation of the architecture on the convenience of developing DApps with maximum functionality will provide a wide range of services and use cases by creating a large number of independent applications.

 Forger Rewards

Forgers for adding blocks to the chain receive transaction fees. At the same time, the chance of adding a block linearly depends on the size of the wallet asset, that is, the current PZM Cash stack. No additional payments for forging, other than commissions, are provided for - all emissions after the launch of the network will be carried out through PoS mining. Remuneration payments are made to the leading wallet, while the number of coins on the balance sheet is the only factor affecting payments.

 JavaScript implementation

JavaScript further expands the possible range of third-party applications - the relative simplicity of the language allows a wide range of developers to join the work on expanding the functionality of the PZM Cash ecosystem. It also allows you to significantly expand the functionality of browser solutions related to PZM Cash.

The final advantage of PZMCash is the ability to apply a solution to the Web3.js wallet. Thus, a wide range of partners will have access to the balance sheet and unify PZM Cash as a payment instrument.

Read more about the benefits of our ecosystem here: https://pzmcash.com

 Join and take advantage of the PZM Cash ecosystem benefits!

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Hey.  In this post, we will talk about the blockchain economy in 2020.

Many enterprises are in no hurry to use decentralized solutions and blockchain technology until it becomes mature or they have an incentive. Regulatory requirements such as GDPR, for violation of which organizations can be fined up to 4% of their annual income, are just one of the incentives that will force companies to move towards decentralized customer records in the near future.

However, regardless of whether they are subject to GDPR or not, organizations can benefit from the privacy by design approach - preventive measures that reduce risks in the processing of personal data, for example, by minimizing the amount of data (deletion of inactive or erroneous customer data).

  What should enterprises pay attention to in 2020 in order to remain competitive:
 Organizations need to pay serious attention to client-oriented blockchains that improve their user experience.
 Enterprises should take care of the security of customer data and conduct an assessment of the risks of confidentiality. This will help create a business case for engaging the blockchain.
 It will not be amiss to join at least one blockchain consortium with the participation of competitors and other organizations that can have a decisive influence on the industry.

Blockchain technology is a symbol of decentralization, the transfer of control over data to customers who are now free to dispose of it. IT leaders need to rethink the blockchain strategy in anticipation of the growth of the user base, which will not put up with the fact that someone else owns its data.

✅ The PZM Cash cryptocurrency is implemented on the blockchain and is focused on the development, improvement and expansion of the functionality of decentralized applications.  PZM Cash uses the common and simple JavaScript. This feature makes the platform accessible to a large number of developers and provides the scaling and development of use cases. In other words, users do not need to learn any special languages in order to develop their own decentralized applications (dApps) for PZM Cash.

✅ The main characteristic of PZM Cash is its orientation to the rapid scalability of both the money supply and the offer of services from developers and partners. The development and scaling of the PZM Cash infrastructure can be carried out in several directions.

Read more about PZM Cash innovative solutions here: https://pzmcash.com/en/

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Hello  Today, we will tell you about the PZM Cash blockchain.

 Blockchain is like a ledger. This is expressed in the fact that it is possible to introduce a variety of events into it - data on money transfers, orders, status updates, etc., which are unchanged. A distributed ledger is an electronic book which storage devices are not connected to a common server. This database stores an ever-growing list of ordered records called blocks. Each block contains a timestamp and a link to the previous block.

 The PZM Cash blockchain is a ledger implemented through the concept of a linked list, in which each new record contains information about the previous one in encrypted form. If a blockchain is attempted to crack and change a block, then all subsequent blocks will automatically change, which will lead to instant detection of fraud. Such resistance to variability is a great advantage.

 The PZM Cash blockchain is focused on the development, development, and expansion of the functionality of decentralized applications. Our blockchain uses more common and simple JavaScript, which makes the platform accessible to a large number of developers and enables the scaling and development of custom cases.

 PZM Cash is designed for a very wide audience since JavaScript implies the presence of a large number of special libraries. Each of them complies with the PZM Cash protocol. This facilitates the development of cryptography, transactions, P2P, etc.

 A distinctive feature of the PZM Cash blockchain is the use of sidechain technology to run fully debugged applications and independent blockchains within the same platform. Sidechains is a technology that allows a user, without the participation of a third party, to move coins from one blockchain to another, use them there and return them back.

 The main advantage of sidechains is that the technology allows users to access and use many services. For example, move coins to a third-party chain to use special privacy features, faster transactions, or smart contracts.

 For more information about our blockchain, visit our website: https://pzmcash.com

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Hello everyone!  Today we will tell you about the features and advantages of dApps in the PZM Cash system.

 PZM Cash uses very common and not complicated JavaScript. This makes the platform accessible to a large number of developers and enables the scaling and development of custom cases. Thus, for the development of dApps (decentralized applications), there is no need to learn special languages, you just need to know JavaScript and Web3js.

 Web3js is a collection of JavaScript libraries that allows you to remotely interact with a node through an HTTP or IPC connection, which simplifies PZM Cash Wallet integration through a dedicated API.

⚙️ DApp architecture

In general terms, a typical decentralized application architecture consists of three parts:
Block node
Web3.js
Interface
The node itself is not very convenient for programming. Therefore, between the interface and the node use Web.js.

 Benefits of dApps

✅ Each dApp is created in a separate sidechain, so developers have ample opportunity to configure applications. The creation of Dapps provides the scalability of the PZMCash infrastructure. When creating a decentralized application, its own sidechain will be highlighted, recorded on top of the main ledger.

✅ DApps are developed using smart contracts, thanks to which users get full transparency and data immutability. This helps protect against fraud or identity theft.

✅ Another important benefit of using dApps is lower operating costs. For example, the creator of an application can delegate most of its requirements to operational servers. This approach eliminates the need for costly centralized servers or data warehouses.

Visit our website to learn more about the features of PZM Cash: https://pzmcash.com/en/

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Greetings, readers 
Today, we will tell you about the advanced features of the PZM Cash wallet.

 The cryptography of PZM Cash blockchain is based on asymmetric encryption. This means that each wallet has public and private keys that control access to the coins stored in the wallet.

 PZM Cash wallet is a universal tool. With it, a user can carry out outgoing transactions using a private key for signing, and generate public keys for receiving transactions from other users. The private key is responsible for controlling the coins in the wallet and therefore should always be under the control of the account holder.

 In addition, digital keys are created and stored by users or can be generated and managed by the user's wallet software and, therefore, are completely independent of the blockchain protocol.

⚙️ Functionality of PZM Cash wallet:
• conducting P2P transactions;
• conducting transactions in the execution of smart contracts;
• creation of smart contracts using templates;
• providing access to decentralized applications of the PZM Cash ecosystem;
• display the balance of the wallet and the dynamics of its change.

 The PZM Cash wallet has very advanced features compared to other wallets. This is achieved through the implementation of the PZM Cash blockchain on JavaScript. Using JS allowed the use of technology Web3.js, which gives the wallet advanced functionality through unification.

 The wallet can be used on the resources of PZMCash partners (for example, on crypto exchanges) without creating a separate wallet for each project. Moreover, the browser implementation eliminates the need for a blockchain core to integrate new resources.

 Smart contracts. 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.

 Join PZM Cash and enjoy all the benefits of our advanced wallet!

Read more: https://pzmcash.com/en/

---

PZMCash became the 17th cryptocurrency to be integrated into the ivendPay payment system

The ivendPay company (Ivendpay OÜ, Estonia), the developer of the cryptocurrency payment service of the same name, announced the integration of PZM Cash. Our coin (PZMC) became the 17th coin that will be available in the payment service around the world. PZMC holders will be able to use a coin to pay for goods and services after they install the issuer's online wallet.

The key difference between our PZMCash concept and the “classic” PoS lies in the mechanism of ensuring the network with monetary supply. Our team refrained from a full emission approach when generating the first block. Only 1% of the total number of coins will be distributed when the network is launched using pre-mining. The remaining coins will be issued during PoS mining as incentive payments to loyal PZM Cash holders for supporting the network.

ivendPay is now the only payment solution that does not require users to add additional cryptocurrency terminals or purchase system tokens. Activating and using ivendPay is very simple: the seller needs to add a cryptocurrency payment system, and the buyer just needs to put his smartphone with a crypto wallet on the terminal. The ivendPay system integrates BTC, BCH, ETH, BNB, and others. The seller can make all of them or any of them available for payment.

Our team considers East Asia one of the priority regions for promoting the coin. In the same region, the commercial use of the ivendPay payment system began in 2019. Hong Kong vending networks were the first to connect to ivendPay. All vending machines and payment terminals connected to ivendPay are added to the world map, which is available on the company's website. The ivendPay payment service is one of the partners of the Binance cryptocurrency exchange, supporting BNB as a means of payment, and is the official Wordline partner in the development of payment applications.

Facebook: https://www.facebook.com/PZM-Cash-110756273882091/
Twitter: https://twitter.com/PZMCash
LinkedIn: https://www.linkedin.com/company/42930620/
Reddit: https://www.reddit.com/r/PZMCash/
BitcoinTalk: https://bitcointalksearch.org/topic/ann-pzmcash-same-same-but-different-5235724
Telegram: https://t.me/pzmc_en
Medium: https://medium.com/@pzm_cash/

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Greetings, dear community!

⚡️ Since at the moment not everyone managed to register an official PZMCash wallet  and fill out applications for withdrawing coins from the personal account, we decided to extend it for 4 days, until 11:59 p.m. Wednesday, 03.06, so that all PZMC coin holders managed to register!

 Our team is working hard on the project and taking care of its community! Thank you for your support!

 Hurry up and register NOW! ⚡️

---

Wallet is already launched.
Registration manual is available here - https://pzmcash.com/docs/OFFICAL_PZMC_WALLET_REGISTRATION_MANUAL.pdf

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Hi there!  Today we will tell you about the PZM Cash passive income opportunities.

 Against the background of the excitement raised by the explosive growth in the rates of the main cryptocurrencies, it may seem that the whole world is already investing in crypto, and people only think about which cryptocurrencies to transfer their capital to. However, in fact, information expansion only slightly disturbed the world market with incredible inertia.

 Although the cumulative capitalization of cryptocurrencies, which continues to grow, has left many large financial institutions of the traditional economy behind, the numbers are still “childish,” which means there is room to grow, what to put on and what to invest in.

 Participation in the PZM Cash ecosystem provides a set of competitive advantages, including access to a growing and solvent client base that allows users to scale their business and increase profits, as well as to create a stable passive income.

 Any PZMCash user can use two cryptocurrency usage scenarios: passive and active. They differ in the degree of participation in the development of the network. In a passive scenario, the network participant is its simple user, with active participation the user is also network administrator (forger) and is actively involved in its development and expansion.

⚙️ There are two types of participants in the network:
• simple users who use hot wallets (in a web environment). They do not allocate space for the needs of the network on their computers, do not deploy nodes and receive income solely by holding PZM Cash on their wallets;
• forgers, receiving income from forging - adding new blocks to the chain.

 Thus, the user receives passive income for using a hot wallet and for participating in the development of the PZM Cash network. A registered and activated wallet allows the client to receive income in the form of additional coins, accrued according to the two-factor PoS mining algorithm. The process of mining PoS will be launched from the moment the minimum value of 1 PZM Cash appears on the wallet balance. And forgers for adding blocks to the chain receive transaction fees.

 Read more about PZM Cash investment prospects: https://pzmcash.com/en/

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Hi, community

We have some great news for you about AMA!  For those who are not familiar with this event, AMA is the period when the community asks questions and the team answers them.

 AMA will be held on June 5th, at 17.00 GMT+2, in ZOOM. We will send a link to the conference before the event. The duration of the event will be 1 hour.

To ask your question, you must fill out the form.

A participant with the best question will get 500 PZMC and 5 random participants will be rewarded with 100 PZMC!

Take part and ask questions, we will be happy to answer them!

---

Greetings!   Today we will tell you about the process of creating blocks.

When a node is deployed, an account gets the right to add new blocks, which are the main element of the system, to the PZM Cash blockchain, that is, for forging. Forging is the ability to profit in the form of new units of cryptocurrency, due to the receipt of a certain percentage for the work performed. The main advantage of block manufacturing technology is the fact that it does not require expensive equipment, as is the case with mining.

 The details of creating blocks process

The process of adding a new block is associated with the main network process - the implementation of transactions - and begins on the user side. The user enters their wallet using the private key, and after deciding on the transaction, they create it. For this:
 User indicates its parameters: amount, recipient’s public key/address, etc.
 A request for a transaction is generated. The software informs the network of the intention to conduct the transaction. The easiest way to use a lightweight cryptocurrency wallet is PZM Cash Wallet.
 Active nodes in the cryptocurrency network make sure that there are coins on the user's balance that he intends to send.
 After confirmation, the transaction is signed with the private key and sent to the pool of unallocated transactions that are waiting to be added to the blockchain. It is from this pool that forgers collect transactions into the blocks they are trying to add.
 Next, the transaction should fall into the block. It will also be double-checked by nodes on the network. After confirmation, the transaction cannot be canceled.
 Next, this transaction should be recorded on the blockchain, which is already happening on the core side, which also includes the consensus algorithm. The kernel does not operate with individual transactions, but with blocks, so blocks are a product of the consensus algorithm. They determine in what order transactions will be included in the transaction log and in what order are “conducted”.
 Making a decision about who will form the next block in the ledger.

 Read more about the creating blocks process and PZM Cash reward system here: https://pzmcash.com/en/

 Subscribe to our social media not to miss new posts!



[moderator's note: consecutive posts merged]

We don't have such plans, for now you can find our plans in the Road map on the website

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Hello, dear community.
We are glad to inform you of the great news about our platform!

We are launching a Bounty program - now you will have more ways to earn money with PZM Cash!

Bounty Program Details

Starting date: April 15, 2020
End date: July 7, 2020

Bounty Campaign Pool: 450,000 PZMC

This Bounty Campaign Will Be Stake And Coin-based!

250.000 / 20.000 = 12.5 PZMC per STAKE

Bounty Pool Allocations:
VIDEO: 40%
TELEGRAM: 25%
ARTICLE: 20%
TWITTER: 15%

Don't miss your chance to earn extra PZM coins with our Bounty program!

Follow the link to register:
https://bitcointalk.org/index.php?topic=5240424.new#new

---

☁️ A node is just a computer on which a program is running (for example, a Bitcoin wallet). The nodes are connected to other computers (with the same installed program) to create a cryptocurrency network.

Usually, a node has three purposes:
➖ Follow the rules (consensus online).
➖Share information (about transactions and the amount of funds).
➖Keep a copy of confirmed transactions.

 The blockchain is based on P2P principles (Peer to Peer, or Person to Person). Most networks do not have dedicated servers, there is not a single centralized governing body, but there is consensus among users. Since they are all crucial to the security and integrity of the network, membership in a particular cryptocurrency community is not only exciting but also an obligation.

 Regardless of which algorithm is selected for the coin, they all have a decisive common factor — the use of complete nodes to enforce rules and verify transactions.

 PZM Cash uses a two-level node structure:
1. Full node. A full node is a device with installed PZM Cash software, which stores the full current version of the blockchain. A full node can act as a consensus node (to participate in the creation of new blocks — to perform forging). The holder of a full node can actively participate in the formation of the blockchain, constantly grouping incoming transactions into blocks and distributing them over the network. A full node also acts as an audit node. In this context, a node regularly checks (and confirms) the forging results of other nodes and distributes the load across the network, acting as a kind of content delivery network (CDN) for blockchain data.

2.  Light clients. The second type of nodes is light clients. They are called light because they do not have a full version of the blockchain and contain only the data that is important for the node, which allows you to limit the required amount of allocated memory on the HDD and processing power. For this reason, they are a good option to organize a dedicated cryptocurrency wallet. The light client stores only the data that is required to implement custom use cases.

 Implementation of PZM Cash in JavaScript enabled the use of Web3.js technology, which significantly expanded the capabilities of the PZM Cash Wallet due to unification. The wallet can be used on the resources of our partners (for example, on exchanges or in the casino) without creating a separate wallet for each project. Moreover, the browser implementation eliminates the need for a blockchain core to integrate new resources.

 Web3.js is a collection of JavaScript libraries that allows you to remotely interact with a node via HTTP or IPC connection, that simplifies the integration of PZM Cash Wallet through a dedicated API. As a result, partners do not need to deploy a full node for integration.

Join the PZM Cash community, become a node and get rewarded!

---

 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.

 Smart contracts are digital protocols that use mathematical algorithms to automatically complete a transaction after meeting established conditions. The process is completely controlled by the logic of the algorithm, therefore, the participation of a third party is not required for the execution of the smart contract as the guarantor is the invariability of the code.

 The code of the smart contract is written to the blockchain when it is created, thus the invariability of the code is guaranteed. A smart contract is activated by an incoming transaction, with the help of which it is “extracted” from the blockchain and receives data.

✅ In order to access a smart contract, the user needs to create an outgoing transaction to the address of a specific contract. As soon as the transaction is confirmed, its execution will begin. A smart contract receives information regarding digitized rights to an asset from an external source, and each blockchain node executes smart contracts independently. This means that each node receives data from an external source on its own.

However, each node must receive the same response from an external source so that there is no conflict in the blockchain and consensus is reached.

 Smart contacts are a guarantee that your information will not go to a third party. Thus, the security of your investments is increased!

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 Greetings, dear community!

 We’ve got some important news for you! We are proud to announce that we have added two languages to our website:
Chinese
Korean

As you already know from our roadmap we are planning to enter Asian markets in Q3 2020. This is a very important step for our project!

We are improving our service for your convenience. Your support is very important to us.

Stay tuned not to miss important news about our project and invest now — http://pzmcash.com/

---

 Hi, dear community. In this post, we will tell you what forging is and what role it plays in the   system.
⠀
⚒  is the creation of new blocks in the blockchain on the basis of confirmation of the share of ownership. It also has the ability to receive remuneration in the form of new units and commission fees.
⠀
⚙️ Forging is used as a way of obtaining coins through the provision of network maintenance services. It does not create additional liquidity but represents a stream of redistribution of coins from participants in transactions to those registering these transactions. Redistribution flows do not increase the total number of PZM Cash in the system. They do not lead to an increase in liquidity in the network.
⠀
 Each account that is not blocked by publicizing the private key of this account has the ability to generate blocks, provided that at least one incoming transaction has been confirmed 1,440 times. Any account that meets these criteria is eligible for forging. In forging, the computing power of your computer does not matter, because all the work is automatically distributed among the network delegates.
⠀
 Get rewarded for confirmed transactions in the form of a commission fee — a percentage of transaction amounts. Forgers receive transaction fees for adding blocks to the chain. At the same time, the chance of adding a block linearly depends on the size of the wallet asset, that is, the current PZM Cash stack. No additional payments for forging, only commissions. All emissions after the launch of the network will be carried out through PoS mining.
⠀
       ,      !

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 The process of adding a new block in PZM Cash is associated with the main network process — the implementation of transactions, and it begins on the user side. To describe the operation of PZM Cash, we must clearly limit the processes of the user part and the kernel. Transactions have nothing to do with the kernel as they are initiated on the user side.
⠀
✏️ This transaction must be written to the blockchain, which is already happening on the kernel side (which also includes the consensus algorithm). After that, it is decided who forms the next block in the ledger.
⠀
 To participate in the block forging process, an approved account signs the previous generated block with its public key. Then this signature is hashed using the SHA256 hash function.
⠀
 The distinctiveness of the PZM Cash consensus algorithm is related to the calculation mechanism that has some similarities with the proof of work algorithm. In POS, a participant with a large stack (coin balance) has a good chance of forming a block. The more coins in the wallet, the higher the “individual bar” and the chance to add a block.
⠀
 In  , the balance of the wallet (coin) is taken into account, which was static on this account for 1440 blocks minus coins involved in unconfirmed sent transactions. Each node turns to the wallet to request a balance and calculate the degree of increase in the bar. As a result, the forger has the right to form a block and add it to the block, which will receive the required hash value earlier than the others.
⠀
 The block includes records of transactions which get there from the pool. The total number of transactions is limited by the block size. The generated block is sent for validation to the nodes, which confirm its correctness.
⠀
♻️ Transactions are considered safe after ten block confirmations. After the block has been correctly added, all transactions included in it are considered confirmed, that is, completed, the coins are redistributed (including commissions paid). Confirmed transactions cannot be corrected or changed since they are permanently recorded on the blockchain.

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 A recent ICOrating study shows that traders should not relax, entrusting their assets to even the largest exchanges and platforms. Security issues are at all, even the most seemingly reliable service.

 The lack of regulation in the field of cryptocurrencies puts the deposits of traders and investors at risk. The problem is that the exchange administration in fact does not bear any responsibility for your deposits, so at the moment there are no serious security criteria that exchanges and various crypto services must meet, which you will not find in organizations of the traditional financial sphere.

PZM Cash Security Solutions
 Sidechains created in PZM CASH contribute to enhanced network security. Due to the fact that sidechains are located on top of the main network, it is therefore impossible to disrupt the operation of the latter by creating bugs in the "child" networks or violating the stability of their work. For example, if an error occurs  in Ethereum, a hard fork is required to fix it.
 The time-tested SHA256 cryptographic hashing algorithm is used on the Merkle-Damgor structure.
 To carry out an attack of 51% and have the ability to exclude transactions or change the order of transactions, an attacker needs to gain control over 51% of all PZM Cash coins by gaining control of or bribing, coaxing forgers. This is highly unlikely with the increasing development of the network.
 An attacker can try to increase their likelihood of forging by shuffling or moving a large number of coins to one account. To avoid such actions, the rule of PZM Cash static is introduced in the account for 1440 blocks (24 hours). It is these coins on the balance that determine the probability of forging. In the event of such an attack, an attacker will not be able to forge anything during the day, which will result in big losses.



[moderator's note: consecutive posts merged]

Hello, dear community!
We have some great news we want to share with you. 
Today, April 6, 2020, we have launched our PZM COIN SALE!

Sale details
 Starting time: 06.04.2020
 Ending time: 01.05.2020
 Total emission: 9, 000, 000, 000 PZMC
 Pre-mining:   90, 000, 000 PZMC
 Allocated for Public Sales: 63,000,000 PZMC (70%)
 Ticker: PZMC
 Exchange rate: 1 PZMC = $0.15
 Acceptable currency: BTC, ETH, TRX, USDT, USD, RUB

 Coin Sale Referral Campaign
Good news! You can  earn extra PZMC with our Referral Campaign. Invite a friend and get rewarded with 5% of his purchase!

Join our sale https://pzmcash.com

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You are able to buy our tokens on the website. The sales have already started

The more coins you have – the more the reward, everything is so simple

Right after the launch of the platform, no exact dates yet, please, stay tuned

No, we do not have such plans for now

Nope, there are no bonuses during our sales

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We will spend them. on the development of the platform and network

They will be able to be first who take part in our mining system

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 Hello, dear community. In this post, we will tell you about the influence of halving on the development of the cryptosphere.
⠀
⠀⠀  ?
It’s probably from the name that Halving is a halving. That is, with each new halving, the reward of miners for each block added to the blockchain is halved. Currently, miners receive a reward of 12.5 bitcoins per block. Remuneration reduction occurs every 4 years or after approximately every 210 thousand blocks added.
⠀
⠀⠀     ?
In such a situation, different cryptocurrencies can behave differently. In the best case, cryptocurrency can grow in price. Due to this, the profitability of mining can increase, thereby reducing the likelihood of the “51% attack”. However, this will also lead to a decrease in the yield of the asset’s extraction. In the worst case, there will be a decrease in the number of miners and a drop in the value of the coin.
⠀
⚖️ It is very difficult to make accurate predictions about the development of the cryptosphere, which is typical for cryptocurrencies in general.
⠀
 “The study shows that assets carrying out halving - both before and after it - do not work better than other market participants. In terms of the two most notable cryptocurrencies with Bitcoin (BTC) and Litecoin (LTC) halving, we see the opposite behaviour,” said Strix Leviathan experts.
⠀
 In PZM Cash, each member of the network receives a reward for his work. It consists of two parts: commissions from the total amount of transactions that are included in the block (here some realize the ability to set a higher commission in their transaction so that the miner has an incentive to add a transaction to the block he forms), and a fixed fee for the block (for mining). A fixed block reward may decrease over time, for example, how bitcoin halving works.
⠀
 Thanks to the improved PoS algorithm, a very wide circle of users got the opportunity to participate in the network and receive rewards in PZM Cash.
⠀
        !

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We are working on it now. Mining will become available in May

We do not have soft cap, we will definetely launch the project

Press-releases, contests, social media marketing, email-marketing and many other ways

They will recieve a constant profit

Our wallets and blockchain is the most important part now

We have already sold more than 10 mln tokens

Because this is a coin sale, not an IEO

We have such plans and we will list the coin, that is an important step for you and for us

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That is an important step of our development and expansion

[moderator's note: consecutive posts merged]

So a lot of text, what is the algo and where can I mine it?

Your link to medium does not work. Please check the link on the first post in the topic.

This is not IEO, these are public sales, you will be able to buy our tokens via our wallet

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 Despite the fact that crypto projects use the same blockchain technology, they are all different. An important distinguishing feature of PZM Cash is PoS mining - an algorithm for filling the network with additional liquidity (in addition to the initial coin genesis).
⠀
♻️ The key difference between PZM Cash and the “classic” POS concept lies in the mechanism of filling the network with the money supply. The PZM Cash team refused to issue completely when generating the first block - only 1% of the total number of coins will be distributed when the network is launched using premining. The remaining coins will be issued during PoS mining - incentive payments to loyal PZM Cash holders for supporting the network.
⠀
⛏ PoS mining is provided as the only mechanism for increasing the liquidity of the network and is a mechanism for providing profitability to loyal PZM Cash users. It provides for the accrual of PZM Cash at the rate of accumulation on the balance of funds on any activated wallet of the participant. In this case, only the effective wallet balance is taken into account, which does not include coins included in unconfirmed transactions.
⠀
The rate of increase is expressed in monthly percentage terms and depends on two parameters:
 Current balance on the active lead wallet
 The current total balance on support wallets - wallets that have been added by the owner of the leading wallet as support.
Building rates do not change over time. To avoid the dangerous centralization of the network, the maximum balance of one wallet can be 1,000,000 PZM Cash (or 0,011% of the total final liquidity, which will amount to 9 billion PZM Cash). Upon reaching this balance value, PoS mining for this wallet becomes unavailable.
⠀
〽️ If the size of the stack on the wallet reaches 0.011% of the total issue (1,000,000 PZM Cash), PoS mining stops. Thus, the network is protected from the risk of over-centralization of assets.
⠀
⚠️ PoS mining becomes available for the wallet from the moment it is activated. To do this, the leading wallet must list at least 1 PZM Cash in the incoming transaction.
⠀
Support the network, promote its development and receive PZM Cash rewards!

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Not now, but follow the news

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No, the listing is scheduled for Q2, 2020. We will announce it and exchanges later, stay tuned!

Our token is PZMC, not PRIZM

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The main process for the network is the transaction process, which is technically related to the addition of a new block to the ledger. Adding a block is carried out according to a certain consistent algorithm - the consensus algorithm.

At the same time, consensus is ensured by constancy: each network node reaches the same state after processing each transaction and each block. That is, the consensus algorithm ensures that all nodes of the network always have the same version of the blockchain and eliminates conflicts between nodes.

The most popular of these are two varieties: Proof of Work and Proof of Stake.

The Proof of Work (PoW) algorithm requires the author of a new block to solve a mathematical problem, and this problem is solved only by direct enumeration of the value. The classic option is to find a special value for the hash of the block header containing a link to the previous block implemented in Bitcoin.

The task is solved by all applicants for the addition of the block, and the chance to solve it faster than others and, accordingly, receive a reward depends on the amount of available computing power. The greater the processing power of the node - the higher the chance. The necessary speed at the same time is provided by the selection of the complexity of the problem to be solved, depending on the aggregate power of the network nodes.

Proof of Stake (PoS) is an alternative to PoW and a solution to the problem of high electricity costs for Bitcoin mining. However, the idea of ​​PoS was mentioned back in 2011 at the Bitcointalk forum. Instead of mining in PoS, network participants freeze a certain number of tokens in wallets. After that, the algorithm selects among the participants the next block producer, depending on the size of the bet. In this way, participants reinforce good faith not with the cost of computing, but directly with assets within the network.

In PZM Cash, we abandoned the delegated Proof of Stake and applied the significantly improved “classic” PoS algorithm. Due to this, the opportunity to participate in the work of the network (and receive remuneration) has received a very wide circle of users - there are no significant restrictions or any significant barriers to this. POS is also subject to centralization, however, buying coins is much easier than buying equipment and setting up mining (as in POW), which provides an internal mechanism that restrains monopolization due to the large number of coin purchasers and owners.

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Not yet, this info will be announced during the sales

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⛏ PoS mining is provided as the only mechanism for increasing network liquidity and is a mechanism for providing profitability to loyal PZM Cash users. It provides for the accrual of PZM Cash at the rate of accrual on the balance of funds on any activated member wallet. In this case, only the effective wallet balance is taken into account, which does not include coins included in unconfirmed transactions.

The rate of increase is expressed in monthly percentage terms and depends on:

• Current balance on active lead wallet
• The current total balance on support wallets - wallets that have been added by the owner of the leading wallet as support.

Building rates do not change over time. To avoid dangerous centralization of the network, the maximum balance of one wallet can be 1,000,000 PZM Cash (or 0,011% of the total final liquidity, which will amount to 9 billion PZM Cash). Upon reaching this PoS balance value, mining for this wallet becomes unavailable.

✅ The payout rate is the usual rate of accrual for simple interest calculated on a two-factor basis. The build-up rate is the base rate of return and depends on the current wallet balance. The multiplier depends on the number of coins on the support wallets for each particular leading wallet. Both values ​​are higher, the higher the total number of coins. The accrual is made according to the value of the effective rate, which is calculated by multiplying the build-up rate by the multiplier.

The accrual of additional accumulated coins is made upon confirmation of any outgoing wallet transaction (change in the current balance). Thus, the more outgoing transactions are made from the account, the more often payments are made. On the other hand, it also makes economic sense to keep coins in your wallet and receive accruals according to the compound interest scheme.

 The maximum rate of return for a participant is 21% per month, the minimum - 1.4% per month or 16.8% per year. Remuneration payments are made to the leading wallet, however, their size is affected by the balance of the leading wallet and the balances of all support wallets. Moreover, the number of coins on the balance sheet is the only factor affecting payments. Change in the size of payments over time is not provided.

Thanks to this calculation metric, you can calculate your profit and adjust all investment processes.

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 Implementation of JavaScript in PZM Cash enabled the use of Web3.js technology, which significantly expanded the capabilities of the PZM Cash Wallet through unification.
⠀
 The wallet can be used on the resources of our partners (for example, on exchanges and in the casino) without creating a separate wallet for each project. Moreover, the browser implementation eliminates the need for a blockchain core to integrate new resources.
⠀
⚙️ Web3.js is a collection of JavaScript libraries that allows you to remotely interact with a node via HTTP or IPC connection, which simplifies the integration of    through a dedicated API. As a result, partners do not need to deploy a full node for integration.
⠀
 Web3.js allows us to abstract from the internal mechanics of Ethereum and work with the network and smart contracts as if they were ordinary javascript objects.
⠀
 If you still do not know what smartcontracts are, then you can imagine them as some classes, instances of which live on the Ethereum network - in fact, these are really classes of the Solidium language, which looks very much like javascript.
⠀
 The process is as follows: the code of the smart contract is written on Solidium, then it is compiled into a bytecode and this bytecode is written to the network.
⠀
 Just as a newly created javascript object gets its address on the heap, so the contract we placed gets its address on the Ethereum network, using which we can now call its methods and read properties.
⠀
    .              !

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All the details are mentioned in our White Paper: https://pzmcash.com/docs/WP_MARCH2020_ENG.pdf

We have created an innovative product. We have a large number of functions and development opportunities for developers of dApps.

We will make both sales and listing, stay tuned!

We are already promoting the platform via presss releases and Telegram promotion. Stay tuned to learn more!

We are not going to launch IEO and ICO

Only 1% of the total number of coins will be distributed when the network is launched using pre-mining. The remaining coins will be issued during PoS mining as incentive payments to loyal PZM Cash holders for supporting the network.



[moderator's note: consecutive posts merged]

☄️ PZM Cash is a cryptocurrency created as a means of payment for a fast-growing ecosystem in which the economic motives of each individual participant provide an increase in overall wealth. The main strategic success factor for PZM Cash is its bet on the growing scaling and balancing of money supply and demand.
⠀
The PZM Cash architecture has the following advantages:
✔️ Sidechains ensuring the security of the main ledger
✔️ Proof-of-Stake Consensus Algorithm
✔️ Maximum capabilities for decentralized application developers (DApps)
⠀
 The PZM Cash team has significantly upgraded the PoS consensus algorithm. The commission for transactions in the PZM Cash network is fixed, which guarantees a fair distribution of remuneration between forgers.
⠀
 The key difference between PZM Cash and the “classic” PoS concept lies in the mechanism of filling the network with the money supply. The PZM Cash team refused full emission when generating the first block - only 1% of the total amount of coins will be distributed when the network is launched using premining. The remaining coins will be issued during PoS mining - incentive payments to loyal PZM Cash holders for supporting the network.
⠀
 Implementing PZM Cash in JavaScript further expands the possible range of third-party applications - the relative simplicity of the language allows a wide range of developers to join the work on expanding the functionality of the PZM Cash ecosystem. It also allows you to significantly expand the functionality of browser solutions related to PZM Cash.
⠀
⚡️ The final advantage of PZM Cash, which is provided through the use of JavaScript, is the ability to use the Web3.js wallet solution. Thus, a wide range of partners will have access to the balance and unify PZM Cash as a payment instrument.
⠀
For any PZM Cash user, there are two cryptocurrency usage scenarios: passive and active. They differ in the degree of participation in the development of the network.
▪️ In a  scenario, a network participant is its simple user;
▪️ With  participation, the user is also a network administrator (forger) and actively participates in its development and expansion.
Thus, there are two types of participants on the network:
   who use hot wallets (in a web environment). They do not allocate space for the needs of the network on their computers, do not deploy nodes and receive income solely by holding PZM Cash on their wallets.
  who receive income from forging - adding new blocks to the chain.
⠀
Take advantage of all the benefits of PZM Cash and receive rewards for loyalty through PoS mining!

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Thanks, here it is: http://pzmcash.com/docs/WP_MARCH2020_ENG.pdf

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There are many other ways besides trading and investing that can help you increase the number of your crypto assets. You can receive a regular passive income, similar to earning on interest, but for this, you will need to fulfill certain conditions to configure and maintain the work of this process.

Ways to get passive income in cryptocurrency:

 Mining. Essentially, mining involves using the computing power of equipment to protect the network and get miners rewards for the work done. This is the oldest method of obtaining passive income in the world of cryptocurrencies, in the absence of the need for holding the currency itself.

 Staking. In turn, staking is a less resource-intensive alternative to mining. Basically, this method involves holding some amount of cryptocurrency on a specific wallet and performing various network functions (such as checking transactions) to receive rewards. A steak or share (holding a certain amount of tokens) stimulates the maintenance of network security through long-term ownership of assets. Staking networks use Proof of Stake as a consensus algorithm. There are other versions of the algorithm, such as delegated proof of stake (from the English Delegated Proof of Stake) or rented proof of share.

 Lending. Lending is a passive way to earn a percentage of the number of your cryptocurrency assets. There are many peer-to-peer (P2P) lending platforms that allow you to block part of your funds from moving for a certain period of time for subsequent profit. The interest rate can be fixed (determined by the platform), or set by you based on the current market rate.

The PZM Cash team has significantly upgraded the POS consensus algorithm. The key difference between PZM Cash and the “classic” POS concept lies in the mechanism of filling the network with money supply. When you start the network using premining, only 1% of the total number of coins will be distributed. The remaining coins will be issued during PoS mining - incentive payments to loyal PZM Cash holders for supporting the network.

⛏ PoS mining is provided as a mechanism for increasing the liquidity of the network and is a mechanism for providing profitability to loyal PZM Cash users. It provides for the accrual of PZM Cash at the rate of accumulation on the balance of funds on any activated wallet of the participant.

Receive passive income with PZM Cash!

Where is team information? Token sales will go through ICO / IEO? then what is the price per token? because I saw an exchange rate of $ 0.15
If this is IEO, which market will you choose?

The Whitepaper download Link dosnt work !