1 Level
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8 Karma
Review on Emercoin by larueer kenbe
Currently, the price of an Emercoin Coin is $1.22, bringing the total market…
Currently, the price of an Emercoin Coin is $1.22, bringing the total market capitalization to $50.2 million. The daily trading volume is approximately USD 370k which means that around 1% of the total currency is traded daily. In addition, 40 million Emercoin coins are currently in circulation. Most of the exchange takes place between Emercoin and Bitcoin.
Pros
- Emercoin was founded by eight Russian developers and is publicly represented by Oleg Khovayko, Eugene Shumilov and Stan Polozov. Oleg Khovayko is an expert in cryptocurrency and finance and is responsible for the technical aspects of cryptocurrency and blockchain.
Cons
- As Emercoin is a cryptocurrency, mining is also a central component. Mining is based on the proof-of-stake principle (PoS) and on the proof-of-work principle (PoW). However, the mining of the Emercoin coin is increasingly focussed on the PoS principle, as tracking PoW becomes more difficult over time. The limit of the currency is dynamic, as the algorithm provides for an increase of 6% per year.
