Project Concept

The idea behind PRIZM was to democratize crypto mining and offer an alternative to energy-intensive Proof of Work (PoW) systems. Instead of traditional mining, PRIZM introduced Paramining, a system where users earn rewards based on wallet balance and community size. This allows anyone to generate income from the network without technical knowledge, expensive equipment, or high costs.

How PRIZM Works (Paramining and Forging)

PRIZM’s operation relies on two main mechanisms:

Paramining
Paramining is the coin generation mechanism of PZM. It starts as soon as a wallet contains at least one PZM. The amount of new coins produced dynamically depends on:

• Wallet Balance: The number of PZM coins held.

• Total Network Volume: The total PZM holdings of connected users.

• Emission Coefficient: A dynamic factor based on total PZM emission.

This structure encourages both individual participation and network expansion. Newly generated coins are distributed to participants immediately when transactions occur. Coins are drawn from the Genesis wallet, aiming for a maximum supply of 6 billion PZM.

Forging
Forging is the process of validating blockchain transactions and creating new blocks. Users running PRIZM CORE software with sufficient balance participate. Forgers are rewarded with a share of transaction fees when they add new blocks.

Key Features

• Speed: Blocks are generated on average every 59 seconds.

• Paramining: Increases wallet coin balance over time.

• Proof of Stake (PoS): Energy-efficient consensus mechanism.

• Open Source: Code is publicly available and supports integration.

Team and Founders

PRIZM originated from the international social movement “Change the World Together,” founded in 2011. Alexey Muratov is the founder and main ideologist, previously known for his role in the controversial MMM-2011 scheme. Technical lead Yuri Mayorov heads the small, community-driven core development team.

Investors and Partnerships

Public information about financial investors is not available. However, PRIZM has partnered with technical and security organizations for code auditing: RTM TECHNOLOGIES, CodeCondo, and BITCOINSBRAIN.

Governance

PRIZM defines itself as a fully decentralized, self-regulating network. While formal governance and voting structures are not publicly detailed, the 100% PoS and Forging system indicates that major network decisions are driven by Forger operators and community consensus.

PZM Token Details

• Token Name: PRIZM

• Symbol: PZM

• Total Supply: 4.38 billion PZM

• Maximum Supply: 6 billion PZM

• Circulating Supply: 4.37 billion PZM

Token Use Cases

• Value Storage & Transfers: Fast, low-fee P2P transactions.

• Passive Income: Earn rewards through Paramining and Forging.

• Payment Integration: Accepted via APIs in online stores.

• Charity & Community: Donations and social project funding.

• Card Payments: Integration with debit cards like ABMCARD, converting PZM to fiat.

Roadmap (2020–2026)

• 2020: Software testing completed.

• 2021: 50% of total supply distributed.

• 2022–2023: Exchange listings.

• 2024: International patents for applied technologies.

• 2025: Release of source code.

• 2026: Advisory support for new PRIZM developers.

Ecosystem

• PRIZM Wallet: Available on web, desktop, and mobile.

• PRIZM CORE: Software for Forging and node operation.

• Prizm Markets: Access to exchanges for trading PZM.

• ParaCalc: Calculates potential Paramining rewards.

• Prizm Visualizer: Visualizes wallet statistics in detail.

• Prizmall: A global social marketplace (mentioned in earlier reports).

Official Links

• Website
• Twitter
• Telegram

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UPCX supports not only digital payments but also cross-asset transfers covering asset management, stablecoins, and utility tokens, decentralized exchange (DEX) operations, smart contract-based payment scenarios, and POS integration. 

Team & Founders 

• Co-Founder – Yutaka Imaizumi: Educated in the US and Japan, 20+ years of finance and IT experience. Expert in business development, fund management, and global networks. 
• Co-Founder & CTO – Joerg Alexander Weisshaar: Netherlands graduate, experienced in IT consulting and COO roles in startups. Background in web marketing and HR. 
• Co-Founder & CSO – Dr. Jason Nye: Academic background in the UK, former US State Department consultant. Expert in international trade, strategic sales, and energy security. 
• COO – Kunihito Morimura: UCLA graduate, executive at Dentsu, experience in international sports & marketing projects. Interests in business development and environmental protection. 
• CMO – Koki Sato: Educated in Canada and Japan, experienced in business management and finance, founder of marketing consultancy firm. 

Investors & Key Partnerships

While the investor list is not fully disclosed, UPCX has partnerships with Paycle, BitTrade, and NTT Digital, supporting its decentralized payment solutions and POS integration developments. 

Project Idea & Goals

• UPCX aims to provide democratic access to financial services in the digital era. 
• Make financial transactions faster, cheaper, and secure 
• Provide a flexible payment infrastructure using stablecoins and utility tokens 
• Enable easy application development for developers via SDKs and APIs 
• Increase financial inclusion for users underserved by traditional banking 

How It Works

UPCX uses Delegated Proof of Stake (DPoS) consensus: 

• Witnesses validate transactions and produce blocks 
• UPC holders indirectly participate in block production and governance by voting for Witnesses 
• Smart contract capabilities include: 
• Scheduled payments 
• Automated payments 
• Non-custodial escrow transactions 
• Multi-signature payment scenarios 
• Stablecoins (MPA – Market Pegged Asset) are issued and pegged to real-world assets. All assets can be transferred and traded via UPCX wallet and DEX. 

Governance 

1. UPC holders vote for Witnesses based on token holdings 
2. Witnesses approve new features and upgrades 
3. Ensures both network security and decentralized decision-making 

Network Fees & Staking 

• Transaction fees support network maintenance, block rewards, fee pools, and referral programs 
• Fees can be paid in UPC or MPA; UPC equivalent is burned from fee pool when MPA is used 
• UPC holders can stake tokens and vote for Witnesses, who earn staking rewards 

Token Utility 

• Transaction Fees 
• Smart Contract Operations 
• Staking & Network Security 
• MPA Collateral 
• Rewards & Incentives 

Token Information 

• Token Name: UPC (Coordinated Universal Payment) 
• Total Supply: 780,000,000 UPC 
• Circulating Supply: 93,791,754 UPC 

Token Distribution 

• 50% Ecosystem 
• 20% Rewards 
• 10% Marketing 
• 8% Development 
• 7% Early Backers 
• 5% Team 

Core Components & Ecosystem 

• Payment: Fast, scalable, and efficient like credit card/mobile payments 
• Ecosystem: Integrated apps, hardware, and financial assets 
• Super App: All services in one integrated, user-friendly platform 

Ecosystem Features 

• Fungible Tokens (UIA) 
• Non-Fungible Tokens (NFA) 
• Stablecoins (MPA) 
• Decentralized Exchange (DEX) 
• POS devices & hardware wallets 
• SDK & API support 

Key Features 

• High Speed & Scalability: 100,000 TPS, 1-second payment confirmation 
• Cross-Asset Transfers: Seamless token transfers 
• Smart Contracts: Custom payment & financial scenarios 
• Security: Quantum-resistant cryptography & hardware wallet support 
• Financial Inclusion: Low-cost financial services for unbanked users 
• Developer-Friendly: SDK & API support for integrations 

Roadmap (2024–2026) 

• Blockchain: EVM integration, sharding, cross-chain bridge, referral program, messaging, limitless & blind account/transfer, DPoS staking, API & SDK 
• Tokens: UPC (ERC-20), UIA, NFA (ERC-721/1155), MPA 
• DEX: Swap, order book 
• Smart Contracts: Publication 
• Products (2024–2026): Software wallet, NFC payments, POS app, hardware wallet 

Social Media & Links 

• Website
• Twitter
• Telegram
• Discord

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The post What is UPCX (UPC)? Fast and Secure EVM Blockchain Token appeared first on Coin Engineer.

Babylon’s Core Approach

Babylon operates using a “shared security” model, allowing different PoS networks to benefit from the security provided by Bitcoin. Bitcoin investors can stake their BTC without wrapping or bridging it to another network, in return for alternative coin rewards from PoS networks.

The protocol is built on the Cosmos SDK. This infrastructure allows the node structure to be segmented into different blocks, lowering checkpoint costs. Additionally, it consists of multiple modules, each serving the security of PoS networks.

The Future of Babylon and Token Status

Currently, Babylon does not have an official token, but it is expected that a potential BABY token will support the governance layer, based on industry parallels (e.g., EigenLayer). As the project is preparing for its mainnet launch, it has completed its testnet phase, and users are expected to be rewarded through a points system while providing liquidity.

You Might Be Interested In: Babylon Announces Official Foundation: Is Token Launch Coming?

Babylon Network Strategic Phases

Babylon Network is being rolled out in three phases, each unlocking the full potential of the protocol. The first phase begins with Bitcoin staking, aiming to create a solid and interoperable security layer for PoS blockchains, all while maintaining the self-custodial nature of Bitcoin.

Phase 1: Bitcoin Locking

The first phase lays the foundation by allowing Bitcoin holders to securely lock their BTC without losing ownership or control.

• BTC can be locked in users’ wallets without wrapping or bridging.
• Security audits were carried out to ensure the process’s robustness.
• A covenant committee was formed to oversee protocol safety and implementation.
• This phase focused on creating a secure environment for BTC to participate in staking activities.

Phase 2: Babylon Genesis Launch

The second phase marks the birth of Babylon Genesis, the first operational chain in the Babylon ecosystem. It introduced several essential components:

• A stable testnet (bbn-test-5) launched on January 8, 2025, for thorough testing.
• Mainnet went live, establishing Babylon Genesis as the foundation for the network.
• Finality Providers were activated to validate blocks and strengthen consensus.
• BTC holders from Phase 1 began staking their BTC on the Genesis chain.
• A Token Generation Event (TGE) took place, and the BABY token was officially distributed.
• An airdrop distributed BABY tokens to early users, contributors, and BTC stakers as a reward.

Phase 3: Bitcoin Multi-Staking

The final phase aims to scale Babylon by allowing Bitcoin to secure multiple PoS chains simultaneously, creating Bitcoin Secured Networks (BSNs).

• Babylon will integrate with more blockchains, allowing Bitcoin to secure diverse PoS ecosystems.
• Trust-minimized bridges for Liquid Staking Tokens (LSTs) will be created to enhance interoperability and liquidity.
• The Finality Provider network will be decentralized by bringing in more independent providers to improve trust and resilience.
• This phase will mark Babylon‘s full vision, transforming Bitcoin from a passive asset to a powerful force for cross-chain security.

Babylon Advantages

• Innovative design with the potential to make a market impact.
• Over 300,000 active users participated in testnet stages.
• Strong social media and influencer strategy.
• High scores in PR, SEO, and growth marketing.
• Raised $96 million from investors such as Paradigm, Polychain Capital, and Binance Labs.
• Strong partnership network and potential for exchange listings.
• The founding team includes experienced leaders, including a Stanford University professor.

Babylon Tokenomics

• Total Supply: 10 billion
• Token Distribution:
• 30.5% Early Private Round Investors
• 18% Ecosystem Development
• 18% Research and Development (R&D)
• 15% Community Incentives
• 18.5% Others

Babylon Investment and Funding Information

Babylon has raised a total of $96 million so far. Leading investors include Paradigm, Polychain Capital, Binance Labs (YZi Labs), Galaxy, HashKey Capital, Hack VC, and Framework Ventures.

• Seed Round (March 2023): $8M
• Series A (December 2023): $18M
• Latest Funding (May 2024): $70M

This strong financial support is a significant advantage for the project’s development and potential token listings.

Babylon Funding and Investment Information

Babylon offers a revolutionary opportunity to secure PoS chains through Bitcoin, providing both Bitcoin investors and blockchain infrastructure providers with a game-changing solution. As the project approaches its mainnet launch, it is poised to become one of the most prominent infrastructure projects in the 2025 crypto ecosystem, backed by strong partnerships and substantial investment.

Website: Babylon Website
X (Twitter): Babylon X
Litepaper: Babylon Litepaper

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Phantom Wallet Outage

Numerous members of the Solana and Phantom Wallet communities have reported issues with the browser version of the wallet. Users have found that submitted transactions cannot be viewed, and attempts to initiate transactions have failed without clear error messages.

While some users have confirmed the outage, it appears that not all users are affected equally. Some have been able to access their accounts and complete transactions successfully, suggesting that the problem is not widespread.

Independent Crypto Journalist Colin Wu shared a screenshot displaying a “no data” prompt on the browser wallet’s overview page, indicating potential issues with transaction visibility. However, Phantom Wallet has not officially acknowledged these reports, suggesting that the downtime may not be affecting all users.

Phantom Wallet has experienced downtime before, notably facing a DDoS attack in February. Such incidents are not uncommon for a Solana-based wallet, given the network’s growing popularity and the associated increase in transaction volume.

Finding a Permanent Solution to Solana Outages

As Solana continues to grow, with SOL gaining prominence as a digital currency, the Solana Foundation is actively seeking solutions to address these recurring outages. Priority fee payments may become standard for applications on the network, aimed at improving transaction processing efficiency.

Moreover, efforts are underway to optimize total compute unit (CU) usage, enhancing the network’s throughput and scalability. Despite Solana’s technological advancements, experts warn that ongoing outages could hinder its ability to surpass Ethereum in the long run.

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Zetachain is a foundational, public blockchain that provides smart contract and data transfer between blockchains. Aiming to solve cross-chain and multi-chain problems, Zetachain aims to open the crypto and financial ecosystem to everyone. It is a Layer 1 blockchain platform built on Cosmos SDK and Tendermint Consensus, through which users and developers can easily switch between chains thanks to Proof of Stake (PoS) technology.

ZETA is the native token of the ecosystem, used to pay transaction fees for Zetachain smart contracts and also used to secure the PoS blockchain through the binding/staking/slashing method. ZETA is at the heart of Zetachain’s cross-chain transfers, security, data transfer, and transactions.

The post Coinbase Lists Zetachain (ZETA) appeared first on Coin Engineer.

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Solana searches on Google surpassed Ethereum searches for the first time in 2023, as investors conducted research on the cryptocurrency amid growing interest in the crypto ecosystem.

Solana had a significant lead in searches throughout the year, with a score of 37 points to Ethereum’s 50-point band. However, the data shifted from December 17 to December 23. Solana’s search interest score rose to 56, while Ethereum’s fell to 50.

Terms that receive a 100 score from Google are considered to have “highest popularity.” According to the data, Solana (SOL) search terms are expected to receive a 100-point search interest score between December 24 and December 30.

You can see Google Trends Datas by clicking here.

In addition, the data showed that Solana has received more search interest than Ethereum in countries such as Spain and the Philippines.

It is worth noting that investors who search for Solana also search for BONK and TENSOR.

Interest in proof-of-stake (POS) products has increased significantly in recent months. This could be due to the recent increase in Solana (SOL) ‘s price.

The post Solana (SOL) Surpasses Ethereum in Google Searches appeared first on Coin Engineer.

The bridged version, i.e., USD Coin (PoS) (USDC.e), already supported by Binance, will be represented as the MATICUSDCE symbol on Binance.

• Bridged USD Coin (PoS) (USDC.e) on the Polygon network:
  0x2791bca1f2de4661ed88a30c99a7a9449aa84174
• Native USD Coin (USDC) on the Polygon network issued by Circle:
  0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359

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Also:

As of 2023-10-25 06:00 (UTC), Binance will suspend deposits and withdrawals of the existing USDC on the Polygon network.

USDC spot transactions, margin transactions, futures transactions, Binance Earn and Binance Pay services will not be affected.

Additionally the bridged USD Coin (PoS) (USDC.e) tokens will be adopted on Binance as MATICUSDCE. So the deposit and withdrawal operations of MATICUSDCE will continue to be supported.

A separate announcement will be made when the deposits and withdrawals of the Native USD Coin (USDC) are opened.

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However, a team of JPMorgan analysts led by Nikolaos Panigirtzoglou saw a disappointing trend in the measurements of the Ethereum network after the Shanghai upgrade. According to the report, Ethereum’s daily transaction count decreased by 12%, and daily active addresses declined by nearly 20%.

Additionally, the total value locked (TVL) in decentralized finance (DeFi) on the blockchain decreased by almost 8%. According to JPMorgan, last year’s downturn factors, such as the crashes of platforms like Terra and FTX, U.S. regulatory pressure, and a narrowing stablecoin ecosystem, could outweigh the positive impacts of the Shanghai upgrade. In conclusion, JP Morgan stated, “Ethereum Did Not Deliver the Expected Result!”

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The upgrade aimed at enhancing network security led to a 50% increase in staking rates. However, the presence of major players such as liquid staking protocols raised concerns about centralization. It’s safe to say Ethereum still has some challenges ahead.

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The post JP Morgan: Ethereum Did Not Deliver the Expected Result! appeared first on Coin Engineer.

ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI

All the stable coins are converted to $ETH and distributed to different EOAs.

FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm

— Cyvers Alerts (@CyversAlerts) September 4, 2023

The irregular transactions, initially brought to light by the Web3 security firm Cyvers, involve conversions from USDT to ETH as part of suspicious crypto outflows from Stake. These transactions, as per Etherscan data, occurred between 8:52 a.m. ET and 10:05 a.m. ET. At 10:08 am ET, Stake’s official Telegram channel announced temporary maintenance for Ethereum and BSC/ERC20 networks. Attempts to reach Stake via their official press email resulted in undeliverable messages, and a spokesperson did not respond to inquiries from Blockworks. The suspicious nature of these transfers primarily arises from the conversion of USDT to ETH, as Ethereum cannot freeze ETH holdings, a capability that Tether possesses.

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In addition to the Ethereum transactions, blockchain investigators have also tracked $17.8 million on the BNB Chain and $7.8 million on the Polygon PoS chain.

Hi @Stake, you may want to take a look: https://t.co/qtoTeXpXWE

— PeckShield Inc. (@peckshield) September 4, 2023

Stake, a Curacao-based platform self-described as a “leading crypto casino,” allows users to place bets on sports and online games using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The platform, established in 2017, also supports betting in traditional currencies, including the US dollar. It’s worth noting that Stake has been embroiled in a trademark infringement lawsuit in Australia and is facing a separate $400 million claim from a former associate against its founders.

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