PZM Cash is a cryptocurrency that makes use of the algorithm consensus of proof of Stake, as a medium of digital payment in a large ecosystem that keeps increasing and in so doing increases the total wealth available in the community. The increase in supply and demand of the PZM Cash is the main factor for the success of the company.
PZM is Open source (data available on github.com), Decentralization (public votes control the decisions), Smart contracts (decentralized exchanges, credit services, banks, casinos, betting, applications, etc) and Web3.js Technology.
FEATURES AND USE CASE OF PZM CASH
Features of PZM Cash include
1. Consensus Algorithm
Modified, proof of Stake with a fixed transaction to generate a sure distribution, unlike other PoS, PZM Cash has a great network of monetary supply,
To generate a new block takes about 1 mins, exactly 60 seconds.
The Sidechains are responsible for securing the ledger.
An ability to use Dapps, (decentralised apps) on web3 browsers. Applications developments would be maximized by developers.
5. PoS mining
Wallet balance increments, this will be done monthly and will reach about 21%.
The product use cases
By installing the necessary software and launching a node as a participant in the administration of the network, a user can use a PASSIVE or ACTIVE usage mode of the cryptocurrency, the difference is the amount of participantion of the user in the administration of the network.
The user is a simple user, who users a hot wallet which is web wallet for implementing functions on the network like executing smart contracts, receiving and sending funds, hold coins in their wallets and receive rewards for holding the coins.
The user is a forger (network administrator), expansion and development of the network is his responsibility. Keep the network online always and receive transaction fees for confirming nodes.
Here the users of the Active network may be Ordinary or Forgers
• The Ordinary user do not share network space on their system, they also do not deploy nodes.
• Forgers are users that add new blocks to the network and receive income from the forging.
Network scaling infrastructure would be done by
1. Creating dApps
For developers to deploy Sidechains and run apps.
2. Export protocol
Syncing API to enable the use of PZM Cash source code protocol on any platform.
3. Currency at partners
PZM Cash web3 payment between different platform partners that has been invited to use the network.
CONCLUSIONS AND FINAL THOUGHTS
For the success of PZM Cash, what is really needed is network liquidity to increase supply and demand and make stable its exchange rate, and an increase in services that will use the PZM Cash, provision has been made for this. early entry comes with its benefits, as a user you can participate in network
administration by deploying a node and installing the necessary software.
For more information please visit
WEBSITE : https://www.pzmcash.com/
AUTHOR'S NAME : EbriDan
TELEGRAM USERNAME: @EBRIDAN