Review on Emercoin by Inioluwa Okedeji
The Uniqueness Of The Emercoin Platform
Emercoin (EMC) is a digital currency that can only be obtained through mining.
Emercoin like most digital currencies is a decentralized platform that functions without the control of any entity
EMC is currently ranked 925th on coinmarketcap.
It has a market cap of $1,998,371 USD
EMC has a circulating supply of 46,240,113 EMC.
EMC uses the Hybrid (POW and POS) as its underlying algorithm, thereby making mining time faster and transactions much more secured than other digital currencies.
Emercoin platform has an advantage when it comes to prestige because it is associated with the Microsoft cloud.
I believe that the unique hybrid algorithm I.e the combination both the POW and POS concept that this network is supported on, gives it an edge in the cryptocurrency world.
The future is bright for this project if it can carry the public and its users along by providing adequate support whenever users are faced with any issues in the platform thereby solidifying their trust in their users.
Pros
- It requires low transaction fees
- Transactions are secured and privacy is maintained.
- Emercoin platform is user friendly.
- It makes use of a unique underlying algorithm, a hybrid (POW and POS) concept.
- It is listed on major exchanges in the Crypto space.
- EMC is mineable
Cons
- It needs to carry it's users along in any impending change and innovations
