PRIZM Price, News and Analysis (PZM)

PRIZM (PZM) Frequently Asked Questions

What is PRIZM?

Prizm is a PoS cryptocurrency based on the NEXT core, built with the Java language open source. The unique algorithm of PoS does not depend on any implementation of the “coin age” concept used by other PoS cryptocurrencies and is resistant to so-called "nothing at stake" attacks. Curve25519 encryption is used to provide a balance of security and required processing power among with more commonly used SHA256 hashing algorithms. (Description provided by CryptoCompare)

How do I buy PRIZM?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including PRIZM.

Where can I get PRIZM wallet?

PRIZM produces its own wallet software that is available for download on its website, which allows you to store PRIZM on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of PRIZM?

One PRIZM (PZM) is currently worth $0.00 on major cryptocurrency exchanges. You can also exchange one PRIZM for 0.00000008 bitcoin(s) on major exchanges. The value (or market capitalization) of all available PRIZM in U.S. dollars is $13.03 million.

What hashing algorithm does PRIZM use?

PRIZM is a proof of stake (PoS) coin that uses the SHA-256 algorithm.

How do I mine PRIZM?

PRIZM and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to PRIZM?

The following coins use the same hashing algorithm (SHA-256) as PRIZM: Bitcoin, Bitcoin Cash, Bitcoin SV, Alitas, Ultra, Steem, USDX [Kava], Steem Dollars, Counterparty, Namecoin, Peercoin, USDX [Lighthouse], USDx stablecoin, EDC Blockchain [old] and DAOBet.