PRIZM Whitepaper

Abstract

Bitcoin is the world’s first decentralized digital currency, allowing you to easily store and transfer cryptographic
coins using the P2P network to transmit information, hashing as a synchronization signal to prevent
double spending, as well as a powerful scripting system to determine the owner of coins. This has a
growing technology and business infrastructure. According to the original design, bitcoins are interchangeable,
acting as a neutral means of exchange. Bitcoins may have special properties supported by
either the Issuer or a public agreement, and have a value independent of the nominal value underlying it.
Bitcoin has proven that the P2P electronic payment system can really work and process payments without
the involvement of a third party.

However, for the entire e-economy to be based on a fully decentralized peer-to-peer solution, the system
must be able to do the following:
1) Process transactions securely, quickly and efficiently, in the amount of thousands per hour or more;
2) Encourage people to participate in network security;
3) Scale at the global level with the minimum consumption of resources;
4) And to be able to work on a wide range of devices including mobile.

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PRIZM Whitepaper

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