What forging is and what role it plays in the PZM Cash system

🤗 Hi, dear community. In this post, we will tell you what forging is and what role it plays in the 𝗣𝗭𝗠 𝗖𝗮𝘀𝗵 system.

⚒ 𝗙𝗼𝗿𝗴𝗶𝗻𝗴 is the creation of new blocks in the blockchain on the basis of confirmation of the share of ownership. It also has the ability to receive remuneration in the form of new units and commission fees.

⚙️ Forging is used as a way of obtaining coins through the provision of network maintenance services. It does not create additional liquidity but represents a stream of redistribution of coins from participants in transactions to those registering these transactions. Redistribution flows do not increase the total number of PZM Cash in the system. They do not lead to an increase in liquidity in the network.

💢 Each account that is not blocked by publicizing the private key of this account has the ability to generate blocks, provided that at least one incoming transaction has been confirmed 1,440 times. Any account that meets these criteria is eligible for forging. In forging, the computing power of your computer does not matter, because all the work is automatically distributed among the network delegates.

🎁 Get rewarded for confirmed transactions in the form of a commission fee — a percentage of transaction amounts. Forgers receive transaction fees for adding blocks to the chain. At the same time, the chance of adding a block linearly depends on the size of the wallet asset, that is, the current PZM Cash stack. No additional payments for forging, only commissions. All emissions after the launch of the network will be carried out through PoS mining.

𝗝𝗼𝗶𝗻 𝗣𝗭𝗠 𝗖𝗮𝘀𝗵 𝗮𝗻𝗱 𝘀𝘁𝗮𝗿𝘁 𝗺𝗮𝗸𝗶𝗻𝗴 𝗺𝗼𝗻𝗲𝘆 𝗻𝗼𝘄, 𝘁𝗮𝗸𝗶𝗻𝗴 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗳𝗼𝗿𝗴𝗶𝗻𝗴 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆!