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Review on Emercoin by TAN PHAM
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.
Pros
- Emercoin (EMC) is a cryptocurrency that has multiple applications for both individuals and businesses. It is a world leading currency that facilitates the exchange of money and valuable information fast, securely and cost effectively. By using blockchain technology, EMC provides a secure platform to store, send and receive money anytime and anywhere in the world. Moreover, Emercoin is extremely affordable.
Cons
- The Emercoin team is composed of individuals who are experts in cryptography, programmers, architects and blockchain information among other fields. The official representatives of the team are Oleg Khovayko, Eugene Shumilov and Stan Polozov. Oleg Khovayko is a cryptography and financial expert, Stan Polozov is the blockchain implementation specialist, and Eugene Shumilov is the founder and CEO. One of the benefits of Emercoin is that it has a user community where users come together to discuss ideas. It is a great platform for discovering new ideas for the digital currency.
