The native token, PROM, plays a critical role in network fees, security, and governance, similar to MATIC on Polygon.

Team & Investors

Founders: Experienced blockchain and crypto professionals with expertise in ZK technology, Ethereum compatibility, and distributed high-performance networks.
Key Investors & Partners: Supported by blockchain investors and strategic partners contributing to network security, liquidity, and ecosystem growth.

Purpose & Functionality

• ZK-Rollups: Off-chain transactions are aggregated and verified with a single zero-knowledge proof.

• EVM Compatibility: Deploy Ethereum smart contracts seamlessly.

• Security: Maintains Ethereum-level security.

Prom ensures safe and fast asset transfers and dApp development for both users and developers.

Core Components

• zkNode: Software to run Prom nodes. Supports roles like JSON RPC, Sequencer, and Aggregator.

• zkProver: Produces ZK proofs for multiple batches and combines them into a single validity proof.

• Multichain Bridge: Transfers assets across Ethereum, BSC, Optimism, Arbitrum, and Polygon using Official Bridge and Hyperlane technology.

Governance (Prom DAO)

• Delegates: $PROM holders delegate voting power.

• Validators: Verify proposals and secure network governance.

• Members: $PROM holders can propose and vote on network decisions.

Economic Incentives: Delegates and validators share 32% of network fees, rewarding active governance participation.

Roadmap

• Initial: Deploy Marco devices and validator infrastructure.

• Mid-Term: Integrate energy, agriculture, logistics, and climate data.

• Development: Expand dApps and cross-chain bridge integrations for multichain support.

PROM Token

• Total Supply: 19.25M PROM
  Max Supply: 19.25M PROM
  Circulating Supply: 18.25M PROM

Token Utility:

• Gas Fees: Transactions and smart contract execution.

• Governance: Participate in Prom DAO.

• Network Access: Use Prom services and applications.

• Validator Participation: Run a node to support the network.

Token Allocation:

• Team & Advisors: 5.19%

• Company Reserve: 15.58%

• Private Investors: 18.18%

• Reserved for Minting: 46.75%

• Ecosystem: 5.19%

• Public Sale: 3.86%

• Liquidity Pool: 5.23%

Ecosystem & Features

• zkNode: Ensures node operation, transaction verification, and network synchronization.

• Multichain Bridge: Supports Ethereum, BSC, Optimism, Arbitrum, and Polygon.

• High Speed & Low Fees: ZK-Rollups reduce costs and increase throughput.

• EVM Compatibility: Existing Ethereum dApps work seamlessly.

Supported Chains

• Ethereum

• Binance Smart Chain (BSC)

• Optimism

• Arbitrum

• Polygon

Official Links

• Website
• Twitter
• Telegram
• Youtube

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The post What is Prom (PROM) ? appeared first on Coin Engineer.

Dash Transaction Fees for Your Global Payments

Dash is among the cryptocurrencies aiming to reach the top in global payment areas. Developed by Evan Duffield and Kyle Hagan, Dash was launched in 2014. Its primary goal is to establish a fast and decentralized global payment network. As a cryptocurrency leveraging open-source blockchain technology, it features user-friendly characteristics. Consequently, it stands out as the coin with the lowest transaction fees.

Cheap Transfers with TRC-20/Tron

Tron is widely used for transfers involving stablecoins such as USDT/USDC because it charges very low fees. Its biggest advantage is that it offers the ability to trade with many exchanges. The low cost of TRC-20 tokens also makes them a preferred choice. You can use them when you need to quickly transfer stablecoins between exchanges.

XRP Among the Best Cryptocurrencies

XRP, one of the most well-known cryptocurrencies worldwide, was launched in 2012. This coin was quickly and easily adopted by a wide audience. Here’s what can be said about it:

• Its founders are Arthur Britto and Jed McCaleb.
• The Ripple company was established in 2012.
• It aims to enable faster transfers using less energy compared to the Bitcoin blockchain network.
• With very low transaction fees, approximately 1,500 transactions can be processed per second.

Monero, Emphasizing Anonymity

Launched in 2014, Monero has attracted attention with its emphasis on anonymity. Its primary goal is to ensure that money transfer transactions remain completely private. In this regard, it stands out among low-fee coin networks and attracts investors’ attention for its commitment to anonymity. Although it has seven founders, only two have revealed their identities. Five have chosen to remain anonymous. Ricardo Spagni, one of the founders who has revealed his identity, is the project leader. David Latapie is the European manager.

Stellar Connects Different Currency Environments

Stellar is also among the cheapest crypto networks. The network was established in 2014 by the Stellar Development Foundation. This decentralized network was officially launched in 2015. The platform’s primary goal is to transfer all financial resources at low fees. This allows network users to send more and multiple cryptocurrency assets at more affordable prices.

The post The 5 Networks with the Lowest Transaction Fees for Cryptocurrency Transfers appeared first on Coin Engineer.