Passive vs. active mining choose yours

ZYX NETWORK
2 min readJun 24, 2020

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Greetings. ๐Ÿ‘‹๐Ÿป In this post, we will tell you about the difference between passive and active use case scenarios in PZMCash.

๐Ÿ“Œ As we mentioned earlier, various scenarios for using PZMC currency will be available to PZMCash users. Letโ€™s see how the active use case differs from the passive one.

๐Ÿ”น First of all, these two scenarios differ in the degree of participation in the development of the network. In a passive scenario, a network participant is its simple user. They do not participate in the addition of blocks, in the confirmation of transactions, etc.

๐Ÿ”น With passive participation in the PZMCash system, a hot wallet (web version) is used that allows you to carry out transactions and execute smart contracts. Passive users also have access to PoS mining โ€” passive income from mining coins directly in the userโ€™s wallet. The more coins are in the userโ€™s wallet, the higher his reward.

๐Ÿ”บ With active participation, the user is also a network administrator (forger) and actively participates in its development and expansion. This scenario assumes that the user is actively involved in building the network โ€” adding new blocks and records to the ledger and confirming them, that is, synchronizing and administering the blockchain.

๐Ÿ”บ Being engaged in forging, active participants receive income in the form of a forger commission โ€” a percentage of the number of transactions in the block. For active participation, the forger will need to allocate space on the HDD for the needs of the system in order to deploy a full node.

๐Ÿ”บ Active participants receive a reward for confirmed transactions in the form of a commission fee โ€” a percentage of transaction amounts. The chances of adding a new block to the blockchain with a specific account are the higher, the higher the balance of static PZMCash coins in the wallet, and the longer the new block is not added to the blockchain.

๐Ÿ“ข Choose a scenario that you prefer!

๐Ÿ“ข Start making money with PZMCash today!

You can learn more about the project here: https://pzmcash.com/en/

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ZYX NETWORK
ZYX NETWORK

Written by ZYX NETWORK

ZYX NETWORK is a decentralized PoS cryptocurrency with the payment function in a fast-growing ecosystem, provided by the economic motive with own blockchain

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