Review on Emercoin by Minh Nguyen Nhat

Name: Emercoin
Item: Emercoin
Rating: 5

September 14, 2018

Emercoin is an open-sourced peer-to-peer cryptocurrency which forked from…

Emercoin is an open-sourced peer-to-peer cryptocurrency which forked from Peercoin in 2014. It uses both Proof-of-Stake and Proof-of-Work mining protocols. Developers describe Emercoin as more of a development platform than a cryptocurrency. Emercoin as a platform supports such security services like EMCSSL and EMCSSH that can provide users with passwordless identification and access control with Emercoin blockchain. Emercoin also enables EMCDNS system that offers users fully decentralized and uncensorable domains that can only be changed by their owner, a solution for validation of authenticity EMCDPO and some other services, powered by EMC coin. Making PoW and PoS algorithms work together makes Emercoin network immune to a 51% attack. The growing amount of various solutions and the robustness of the network may soon attract a lot of new users.
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Pros

The Emercoin blockchain supports a long list of services and operations for businesses. EmerDPO is an anti-counterfeiting service that delivers digital proof of ownership for both digital and physical services and goods. EmerDNS provides domain name services, such as recording, securing, and proving ownership. Magnet is a distributed torrent tracker that helps with internet file sharing. Additionally, Emercoin is highly accessible, making it possible for businesses anywhere in the world to securely access data and use the services of the Emercoin blockchain. Emercoin can also help businesses move their crucial services to a secure platform that takes advantage of blockchain technology.

Cons

Emercoin lists multiple companies that use its technology. These include companies from a range of industries, such as a document management project, a decentralized international market dedicated to car-related data, a decentralized utility and real estate company, a company that lets users notarize the time they recorded a video, a freight shipping e-marketplace, and a farming company that relies on the tech for its decentralized share ledger for distributing dividends and issuing shares.