The legal owner of the Prizm cryptocurrency software ITDPF made the decision to open and publish the contents of the only hidden code in the entire digital infrastructure ecosystem of the Prizm coin and blockchain. Over the years, the algorithm has provided users with attractive mining terms by taking various factors into account and it served as a guarantee of the stable and reliable performance of the software and blockchain.
SAINT PETERSBURG, Russia, April 15, 2025 /PRNewswire-PRWeb/ -- This week, on Wednesday, April 9th, the board the Innovative Technologies Development and Promotion Foundation (ITDPF), the legal owner of the Prizm cryptocurrency software, made the decision to open and publish the contents of the only hidden code in the entire digital infrastructure ecosystem of the Prizm coin and blockchain. This file contains the mining calculation formula, which had been inaccessible to all users since the project's inception in 2017.
The technologies used in the Prizm mining software were groundbreaking at the time of its creation. The mining process was implemented using the latest available Proof-of-Stake (PoS) technology at that time and did not require any additional mining equipment or high energy consumption. The file containing the coin mining calculation algorithm was heavily encrypted and obfuscated by the developers using advanced encryption methods. Over the years, the algorithm has provided users with attractive mining terms by taking various factors into account. This unique algorithm was called Paramining.
According to ITDPF President Denis Chupilko, the file in question had remained inaccessible to all users. However, throughout the years since the project's launch, it served as a guarantee of the stable and reliable performance of the software and blockchain. "Today, we feel we can afford to make the file accessible to everyone and turn Prizm into a fully open-source product without creating undue risks for our users," said Denis. "Opening the code will prove that the Prizm network operates without any 'black boxes' or hidden controls. But we have decided to share the code not for proof, but for the benefit of the future."
Just before the final decision was made to release the code publicly, the Prizm community conducted intensive tests. A comprehensive crash test was performed on the system, exposing it to an unprecedented range of threats, varying in intensity and scale. The results demonstrated the blockchain and software's excellent resistance to extreme operational loads.
In line with the ITDPF board's decision, this information will be disclosed in early May. The exact date and time for the code disclosure are available on the website https://prizm.itdpf.com, where a countdown is currently running.
Prizm is a unique technology that reduces carbon footprint by 89%, making it the "greenest" cryptocurrency in the industry. However, its most essential advantage is its high accessibility—it runs on laptops, microcomputers, and even smartphones, reaching millions of users.
Media Contact
Vlad Volkonsky, ITDPF, 7 8124480884, [email protected], https://itdpf.com
SOURCE ITDPF
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