PRIZM

by PRIZM

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Bitcoin Diamond

by Bitcoin Diamond Foundation

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PLATINCOIN

by Platin Genesis DMCC.

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PRIZM

by PRIZM

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Bitcoin Diamond

by Bitcoin Diamond Foundation

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PLATINCOIN

by Platin Genesis DMCC.

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What problem does this service solve?

PRIZM is a Russian cryptocurrency project that uses a variation of PoS to drive network participation by users.Bitcoin Diamond aims to increase transaction speeds.PLATINCOIN creates a Proof-of-Stake consensus mechanism with a long term commitment from network participants to contribute to managing the network.

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Company Description

PRIZM is an open-source cryptocurrency based on the NEXT core. The PRIZM architecture is built in JAVA. It has a Proof-of-Stake (PoS) consensus mechanism that varies slightly from other PoS algorithms. It is designed to be more resistant to attacks against the network. PRIZM has developed the concept of paramining, which helps the network achieve consensus and encourages community participation.

Bitcoin Diamond is a hardfork of Bitcoin that was created in 2017. Although the network's code preserves much of Bitcoin's original features, it aims to improve transaction speeds by implementing the Lightning network and increasing the storage capabilities of each block. The Lightning Network is a second layer payment protocol that works on the Bitcoin blockchain and is designed to place a large portion of the transaction data outside of the blockchain.

PLATINCOIN is a Proof-of-Stake coin that is minted instead of mined. Users participate in managing the network by renting hardware space from the project organizers for a period of 36 months. These computing resources will drive the PoS consensus, and the users that rent the hardware will be rewarded with newly minted PLC coins.

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