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
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!
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 NodesThere 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
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
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!
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 marketLike 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!
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!
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!
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!
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 loyaltyWhen 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 RewardsForgers 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!
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/
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
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 architectureIn 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/
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/PZMCashLinkedIn:
https://www.linkedin.com/company/42930620/Reddit:
https://www.reddit.com/r/PZMCash/BitcoinTalk:
https://bitcointalksearch.org/topic/ann-pzmcash-same-same-but-different-5235724Telegram:
https://t.me/pzmc_enMedium:
https://medium.com/@pzm_cash/
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! ⚡️
the wallet is already available for users ?
Wallet is already launched.
Registration manual is available here -
https://pzmcash.com/docs/OFFICAL_PZMC_WALLET_REGISTRATION_MANUAL.pdf
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/
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]