PZM Cash — a completely different approach to ecosystem development

May 1, 2020

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. Their goal is the rapid growth of the ecosystem.

Spain - April 30, 2020 /MarketersMedia/ —

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.

PZM goals and development model

Our main strategic goal is the rapid growth of the ecosystem. This is an important condition because:
The appearance of new projects on the market will create additional values ​​for the consumer by adding new products and services.
An increase in demand will lead to a balancing of supply, and due to an increase in turnover, the stability of PZM Cash will strengthen in relation to the external environment.

The development of the system will be successful if a reasonable algorithm for filling the network with liquidity and the channels for scaling the network is provided. Both private projects, individual users, developers of projects and applications, as well as public government agents can become participants in the PZM Cash public ecosystem.

The key strategic success factor of PZM Cash is its focus on the steadily increasing scaling and synergy of supply and demand.

PZM Cash key features

Innovative technology
Use of the modified Proof-of-Stake consensus algorithm and sidechains to ensure the security of the main ledger.
Decentralization
PZM Cash is a fair ecosystem where every user can participate in decision making and increase the value of the coin.
Decisions on updates and changes are made by a majority of votes using the option built into the native wallet.
Speed
The average time it takes to generate a new block every 60 seconds ensures stability and network development.
Smart contracts
The ability to use cryptocurrency to create decentralized banks, exchanges, credit services, exchangers, casinos, betting shops, games and applications.
Javascript and Web3.js Technology
Implementation of PZM Cash in JavaScript enabled the use of Web3.js technology.
Web3.js will significantly expand the functionality and capabilities of the PZM Cash Wallet due to unification.
Users will be able to log in without registration to sites and services through the wallet, where cryptocurrency as payment is used.
Open source
All data will be freely available on GitHub with the provision of SDK for third-party applications based on PZM Cash.

PZM Cash innovation in PoS mining

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.

The main advantage of the Proof of Stake algorithm in PZM is the guaranteed protection against 51% attacks. In order to carry out an attack, it is necessary to redeem 51% of the total current mass of coins. In fact, one user must redeem a “controlling stake”, which is unlikely for this system.

JavaScript implementation in PZM Cash

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.

Contact Info:
Name: PZM Cash
Email: Send Email
Organization: PZM Cash
Phone: +34 632 672 899
Website: https://pzmcash.com/

Source URL: https://marketersmedia.com/pzm-cash-a-completely-different-approach-to-ecosystem-development/88955863

Source: MarketersMedia

Release ID: 88955863

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