PRIZMBIT - Cryptocurrency Trading Platform

Prizmbit is the cryptocurrency exchange platform and one that makes digital currency operations easy and affordable for everyone

Exchange
Large selection of pairs, strict token selection.
100% Reserve & Auditable,
TradingView & Regular Charts

Profit
Passive income up to 15% per month due to Prizm paramining.
Daily reinvestment. 2-level referral program.

Flex interface
Organize your tradespace according to your needs: compose your layout, choose between themes, set up notifications and data preferences

Compatible API
You can connect trading robots and terminals created by others with zero problems

Prizm (PZM)

Prizm (PZM) is a cryptocurrency that has implemented the technology of "paramining", allowing all its holders to participate in the issue of currency.

According to the developers of the site, cryptocurrency meets all the basic principles of blockchain systems: decentralization, honesty and publicity.


The source code for the software architecture is completely open, developed by Prizm based on the Java 1 NXT puncture. The algorithm used does not depend on the concept of “coin age” characteristic of other cryptocurrencies. It has strong protection against "nothing at stake" attacks. The protection method used is Proof-of-Stake. Mining is available on our own equipment.

Invite your friends to PrizmBit - get up to 20% paramining

Click this link https://prizmbit.com?r=efja

Education

Bitcoin (BTC) and Ethereum (ETH)

Bitcoin (BTC)

Bitcoin (BTC) is the first successful, cryptocurrency, from a commercial point of view, also its code is completely open.

However, Bitcoin has the minuses inherent in its architecture:

slow transaction processing need a lot of power for mining requires a lot of storage space difficult to scale Now there are already many altcoins (analogues) that surpass the technologies and functions inherent in Bitcoin, but it played a big role in the popularization of cryptocurrencies, as a result of which it has become a kind of "gold standard" in the cryptocurrency world.

Official Website : https://bitcoin.org/zh_CN/
Whitepaper : https://bitcoin.org/bitcoin.pdf


Ethereum (ETH)

Ethereum (ETH) is a platform implemented as a single decentralized virtual machine. It is based on smart contract technology and is used to create decentralized online services based on blockchain.

The Ethereum launch itself took place on July 30, 2015

Now Ethereum is one of the most popular cryptocurrencies, as it greatly simplifies and cheapens the implementation of blockchain. It is used in numerous ICOs, as well as in building a blockchain economy. You can even say that this currency has more prospects than Bitcoin, because, as described above, Ethereum can act not only as a medium of exchange and storage, but also has the function of creating smart contracts.

Official Website: https://www.ethereum.org/
Whitepaper: https://github.com/ethereum/wiki/wiki/White-Paper

What is the blockchain?

The term "Blockchain" is already quite common. But not everyone fully understands what this technology is. Let's see what it is.

Features of blockchain technology Simply put-the blockchain is a notebook, copies of which are stored simultaneously on many computers - such storage is called "distributed". Distributed storage makes it impossible to fake information, because in this case you need to change the information not on one computer, but on thousands. Any information that needs to be verified can be stored, in practice it can be information about: issued credit obligations; registered marriages; copyright; anonymous votes; the results of drawings; traffic violations and so on. That is, this technology is applicable in virtually every area of human life.

As we said, blockchain has an important feature-data is not stored in one particular place, but distributed among many computers. Any member of the network has the right to access the current version of this database, and can view any document or history of its changes. This ensures that copies are synchronized for all users.

Blockchain is a public chain of electronic records, which stores records of all operations since the creation of this chain. Transaction records are grouped into "blocks", miners are responsible for confirming the correctness of the formation of blocks (and take commissions). Almost all cryptocurrencies are built on blockchain technology. For the first time, this technology is used to create bitcoin. Therefore, the concepts of "blockchain" and "bitcoin" almost always go together. Thanks to data encryption, network members can only change the blocks to which they have access.

As a result, we can say that the blockchain allows you to make financial transactions without intermediaries. For example, funds are sent through a decentralized network that provides security and transparency of the transaction. Blockchain is actively developing and being introduced into traditional business spheres: banks, insurance and logistics companies, etc. the Scope of blockchain application is constantly expanding.

How does blockchain work?

So, the blocks are formed sequentially, one after the other. Cryptographic algorithms are used to link blocks together. Each new block is added to the end of the chain. The new block is linked to the previous ones using a complex mathematical cipher. Encryption in the blockchain is called hashing. To "get a hash" is to create a 40-character code in which the message will be encrypted. To pick up a hash to crack a block (de-hash) is almost impossible: to create each hash requires the power of a huge number of computer devices that are in a single network.

A hash is an analogue of a digital signature. A block signed with such a signature is considered approved and recorded in the blockchain. After adding a new block to the blockchain registry, it is impossible to make corrections to it, so fakes are excluded. The registry update occurs simultaneously on all computers on the network. It is this feature that resists "hacking" or manipulation of the blockchain: all computers in the network store the same information. To change it-it is necessary to change it simultaneously on all computers that is impossible purely physically.

How will blockchain help us?

Thanks to blockchain technology, you can safely send any digital assets from one point of the world to another. To do this, the parties must have bitcoin wallets with "closed" (secret) electronic keys.

The private key gives access to the information recorded in the block. Thus, for example, you can transfer a certain amount of money to another person. This operation will be visible in the blockchain, but in addition to the address on the " input "and the address on the "output", no data will be known about the participants of the operation.

Today, businesses are beginning to actively use blockchain to earn money in various areas. Companies are developing applications on the blockchain that provide:

secure network administration, resistant to hacker attacks; storing digital certificates that allow secure access to sites; bilateral transactions without involvement of third parties; authenticating an object using the appropriate certificate; creation of business cards in electronic form; registration of ownership of real estate; storage of notarial records.

The scope of application of blockchain technology continues to expand. The technology is mastered by banks, insurance, logistics and other companies.

How to get started with blockchain?

Blockchain technology is used in the creation of digital assets-tokens. Tokens indicate that their owner is entitled to some asset or a number of services of the company. The number of tokens corresponds to the amount of investment that their owner has invested in the project. The project can be any: payment platform, diamond sales, banking, computer game and so on.

The most popular platform for creating projects on the blockchain is Ethereum. This platform allows you to create tokens and conduct ICO for any project. Through ICQ, projects raise funds that are used by developers to implement their ideas. All invested in the project are provided with tokens, like shares, which are received by investors in the real world.

A bit of terminology on the blockchain and cryptocurrency

Cryptocurrency-a kind of digital currency, the creation and control of which are based on cryptographic methods.

A token is a digital asset issued to attract investment in a cryptocurrency project or company. A kind of cryptocurrency, which in their properties are closer to stocks or bonds. Issued during the ICO and subsequently traded on cryptocurrency exchanges.

Altcoin (alternative coin) — all cryptocurrencies except bitcoin.

Fiat is a currency that is real. This includes rubles, dollars, euros, hryvnia and other currency, which is backed by state obligations.

ICO (Initial Coin Offering — initial coin offering) - an abbreviation by analogy with IPO (Initial Public Offering — the first public sale of shares of the company) — is a way to attract primary capital using cryptocurrency.

Crowdsale is a pre-sale of tokens organized to attract collective investment in a new project before placing on the ICO.

Fork-using the code base of a software project as a start for another. In this case, the main project can both continue to exist and terminate it.

A hard fork is a software update that embeds a new rule into the network that is incompatible with the old software.

Softfork — update software that is compatible with the old software.

Address-cryptocurrency address is used to send and receive transactions. It consists of alphanumeric characters, but can also be represented as a scanned QR code. A bitcoin address is also a public key used by bitcoin holders to digitally sign transactions.

Wallet is a software application that allows you to make a transaction from a given address and view its balance.

Transaction — transfer of funds between two addresses

The foundations of security in crypto-currencies

Security basics When creating a new account or installing applications where your cryptocurrency funds will be stored, you must adhere to the basic security rules:

• Create a separate mail.
• Do not use personal or work.
• Only you should know the mail address.
• Create a complex password: use as many characters as possible, upper and lower case letters, numbers and special characters.
• Always enable 2FA, for example TOTP applications (Google Authenticator).
• Security when working with the exchange Although we provide the maximum possible security for our customers, but the exchange is an online platform, so when working with it, you also need to comply with certain security measures:

Always check Email messages that come from our exchange.
Check what address you are at when you use our exchange.
When you log in to your account, check your browser for suspicious extensions.
If your account is still something happened, be sure to write to technical support, we will help you.

Security when working with wallets If you have funds in cryptocurrency or you are going to buy them, then most likely you already have a cryptocurrency wallet. That is why we decided to remind you about the basic safety rules for working with them:

• Watch out for the safety of your computer.
• Use complex passwords.
• Back up your data: SEED, Private Key, etc.
• Always include 2FA where possible.
• If possible, additionally use hardware crypto wallets such as: Trezor, KeepKey, Ledger, etc.

Basics of working with cryptocurrency exchange

Section Exchange In the Exchange section, all operations related to cryptocurrency trading and monitoring are performed.

This section consists of 7 Windows:

• Markets Window
• Graphics Window
• The new applications
• Application Book window
• Deal Feed window
• The window of My trades
• The Chat Window

For all these Windows, you can change the size and location to the one you need. You can enable this feature simply by clicking on a special button in the header of the exchange:

Markets Window On the exchange, the markets window can be seen in 2 variants:

• As a separate window
• In the form of an exit window
• To open the exit window, click on the name of the currently open market, in the upper left corner: the name of the open market

Around the currently open market you can also see the main statistics on it for 24 hours:

• Current price
• Percentage price change
• Traded volume
• Lowest price
• The highest price

The window itself displays a complete list of available markets. For the convenience of finding the desired currency pair are provided:

Tab with a filter on the currency : ALL, BTC, ETH, Fiat tabs

Search

Sorting currency pairs from larger to smaller and Vice versa on the basis specified in the name of the column: the name of the pair, volume, price and price change in 24 hours.

The Favs tab is the favorite markets section.

You can add a market to this section by clicking on the star next to the currency pair of interest:

After adding the star will change color to purple:

If you want to remove the currency pair from the Favs section, just click on the purple star again.

Chart Window

In the Chart window, the price change of the selected currency pair is visually plotted. Now 1 chart type is available on the exchange:

HighCharts

Order Creation window

This window is used to create orders to buy or sell the selected currency. There are 5 types of orders available to you:

Market-an order that is executed immediately at the best current price after its entry into the trading system. Limit-a pending order expressing an agreement to buy a certain amount of currency at a price not higher than the maximum purchase price specified in the order or to sell at a price not lower than the minimum sale price specified in such an order. Stop - limit - a stop order with a limit function of the execution price. If the price has reached the stop price, a limit order is placed. Execute or cancel (Fill or Kill) - an order, which indicates to immediately buy or sell the asset in whole and at the stated price or, if this is not possible, immediately cancel this order, that is, there can be no partial execution and postponement of the order. You can change the order type simply by clicking on the change order type button next to the window name: change order

You can set a price for the order using the Price field. You can also use the Bid and Ask buttons to set the best buy or sell price:

You can set the volume for the application using the Receive and Give fields. You can also set the volume using the volume sliders, the maximum value of which corresponds to your Deposit in the appropriate currency.

After filling in the fields, click on the' Buy or Sell ' button, depending on whether you want to buy or sell the currency.

Order Book window

This window displays buy or sell orders from all participants of the exchange for the selected market.

On the left, buy - Demand (Bid) orders.

On the right, sell orders - Offer (Ask).

Clicking on a line from the Order book in the Order creation will transfer the price of this line and the total volume of all orders from the best to the selected price (total), from the Supply side (Ask) to the buy Order, and from the Demand side (Bid) to the sell Order.

Deal Feed window

This window shows real-time transactions (trades) on the selected market. Buy deals are marked in green and sell deals in red.

The window of My trades

This is the window of your orders and trades. As soon as you create a request (order) it will appear at the top of the list of this window, you can distinguish it from the already executed transactions (trades) by the current status and the presence of a red cross to the right of the order:

With this red cross you can cancel the created request. If you want to change the price of the application, just click on the line you are interested in in the list and the price change window will open:

The Chat Window

In this window you can correspond with other exchange traders who trade the same market as you.

If you want to contact any trader, just click on his username and choose one of the options: contact in chat or private message.

Wallets Section In the wallets section you can:

• Top up your deposits in different currencies.
• Withdraw your funds.
• Create a code for instant transfer inside the exchange.
• To join the Affiliate program and look at the statistics on it.
• View the history of your transfers, trades, orders and addresses.
• Story Window In this window you can see the entire history of your transfers, trades, orders and addresses-by going to the appropriate sections.

Additionally, we can say that:

In the Orders section, you can also see your open orders, and if necessary, close them with the help of, as already mentioned, a red cross near the desired application.

The Transactions section is a universal window that reflects all the movements of your funds inside and outside the exchange to provide you with the most complete Ledger, namely::

1. Deposit and withdrawal of funds (including steam mining)
2. Trades - since they are also transactions between users
3. P2P transactions
4. Commissions
5. Code Window In this window, you can create or enter a code for instant transfer within the exchange.

You can use these codes for various draws, events or just for transfers within the exchange. Since these codes are valid only within the exchange and the funds used do not go beyond it, the transfer is carried out instantly.

To generate code, simply click on the Release button:

Then fill in the appropriate fields:

• Transfer amount.
• Currency.
• The nickname of the exchange user, if you want the code to be able to use only him.
• Description if you want to tag this code somehow.

If you need to confirm the received code, insert it in the corresponding field Code... and click on the Apply button:

Personal account You can go to your personal account by clicking on your profile name in the right part of the site header. In your personal account you can: - change your personal data - pass the verification - enable 2FA - configure a Trusted IP list - view the History of logins - create API keys - to configure notifications

Antiphishing code

What is an anti-phishing code?

An anti-phishing code is one of the security features that allows users to activate an additional level of protection for their accounts. Once you enable the Anti-Phishing Code, it will be used in all authentic emails sent to you from Prizmbit. This code will help you distinguish between real and fake notifications and prevent various phishing attempts.

How do I set up/recognize the Anti-Phishing Code?

Go to your account settings by clicking on username in the upper right corner. In the "Change Profile" section there is a field with a valid anti-phishing code. You can set any other code. (4-20 characters) To do this, enter the code in the field and click on "Install new code".