PZM Cash PoS mining
Despite the fact that crypto projects use the same blockchain technology, they are all different. An important distinguishing feature of PZM Cash is PoS mining — an algorithm for filling the network with additional liquidity (in addition to the initial coin genesis).
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 to issue completely when generating the first block — only 1% of the total number 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.
PoS mining is provided as the only mechanism for increasing the liquidity of the network and is a mechanism for providing profitability to loyal PZM Cash users. It provides for the accrual of PZM Cash at the rate of accumulation on the balance of funds on any activated wallet of the participant. In this case, only the effective wallet balance is taken into account, which does not include coins included in unconfirmed transactions.
The rate of increase is expressed in monthly percentage terms and depends on two parameters:
- Current balance on the active lead wallet
- The current total balance on support wallets — wallets that have been added by the owner of the leading wallet as support.
Building rates do not change over time. To avoid the dangerous centralization of the network, the maximum balance of one wallet can be 1,000,000 PZM Cash (or 0,011% of the total final liquidity, which will amount to 9 billion PZM Cash). Upon reaching this balance value, PoS mining for this wallet becomes unavailable.
If the size of the stack on the wallet reaches 0.011% of the total issue (1,000,000 PZM Cash), PoS mining stops. Thus, the network is protected from the risk of over-centralization of assets.
PoS mining becomes available for the wallet from the moment it is activated. To do this, the leading wallet must list at least 1 PZM Cash in the incoming transaction.
Support the network, promote its development and receive PZM Cash rewards!
