Review on Emercoin by Paul Maduagwu
Here long enough to be trusted.
Emercoin uses a hybrid PoW & PoS consensus. At the time of writing this review its most active trading market is CoinEx Exchange, followed by Livecoin Exchange. According to its Explorer Proof-of-Stake has greater dominance on its blockchain than Proof-of-Work activities. One feature that catches my eye, and one of its obvious usecases is the cheap transaction fees, Payments can be sent to anyone in the world with less than 0.01 $EMC (i.e <$0.001. Current price of $EMC is $0.04).
This project is open-source and originates from Bitcoin, but taking only the good parts like Bitcoins security and adding improvements. Apart from mining and making payments, $EMC is also used to access blockchain services provided by Emercoin.
Looking at the 4-year chart, $EMC has lost a bit of value price wise, social media activity is low and holders aren't spoon fed information from this project. Seems the project is slowly being over taken by the newer projects in the cryptocurrency space. Emercoin has its uses and its unclear if any of its major partnerships are still in existence. It is not easy being around almost 7 years, Emercoin has the experience but not the technology in my opinion. Still a good coin to mine though, and earn passive income.
Pros
- Recently updated Github.
- Mineable coin.
- Mainnet project.
- Cheap transaction fees.
- Wallet support for major Desktop and mobile operating systems.
Cons
- Listed on very few Exchanges.
- Low social media presence.
- 5 minutes Blocktime.
