Forging process explained in layperson terms

Greetings! 👋🏻 Today we will tell you about the forging process in PZM Cash.

📌 Forging is the ability to profit in the form of new units of cryptocurrency, by receiving a certain percentage for the work performed. Forging is a special technology for the production of additional blocks in the blockchain on the basis of evidence of a share loss with a real opportunity to pick up a reward.

📌 In PZMCash, a similar process of making a profit is based on the creation and addition of new blockchain blocks, while the account that formed the block receives a fixed commission for the transaction.

📌 The amount of commissions for all transactions in the block is the forger fee charged to the account, to the formed block. The chances of adding a new block to the blockchain by a certain account are higher, the higher balance of static PZMCash coins in the wallet, and the longer the new block was not added to the blockchain.

📌 It is worth noting that the main advantage of forging in PZMCash is the fact that it does not require expensive equipment, as is the case with mining. This helps to create blocks and attract more people, as it becomes possible to earn without large investments.

📌 Those who prefer to create “passive income” should remember that if you decide to do this and get stable money, then you need to spend enough time forging so that the new blocks that you create will allow you to receive the income that you expect.

📌 PZMCash forgers deploy a full node where the full current version of the blockchain is stored. In addition to forging, a full node performs an audit function. In this context, the node regularly checks (and confirms) the results of forging other nodes and distributes the load across the network, acting as a kind of content delivery network (CDN) for blockchain data.

📌 The only forging fee provided is a transaction fee of 0.1 PZMC. Transactional fees are awarded to an account when it successfully creates a block. As the network expands, the number of transactions within it grows, respectively, and earnings in the form of forging will increase.

📢 Read more about PZMCash forging features here: https://pzmcash.com/en/