Review on Emercoin by Tam Pham Duy

Name: Emercoin
Item: Emercoin
Rating: 4

September 13, 2018

Overall Emercoin (EMC) could become really well-known for its range of…

Overall Emercoin (EMC) could become really well-known for its range of services it offers to users in different situations. However, they are lack of marketing programs, so the community has not grown up.
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Pros

The Emercoin Coin cryptocurrency is one of the world’s leading block chain and currency platforms. Emercoin is based on pieces of code from Bitcoin, Namecoin and Peercoin and combines their components with its own coding. Verification of payment transactions and confirmation of payment transactions is carried out via the network by consensus. Emercoin enables users to exchange money and valuable information, regardless of location and time. The service is fast, safe and inexpensive. The focus here is on full control and security of the money. In addition, transactions should be made possible without high costs. Through the offered block chain service, the transmission and reception of information should be possible at any time. The use of passwords should also be simplified and transferred to the block chain. Furthermore, the aim of Emercoin is to protect and protect the personality of people and prevent the theft of personal data using the blockchain.

Cons

Optimization of Transactions Emercoin has its very own optimizer, which deals purely with transactions in order to be efficient. Any records created in the process will be compressed up to ten percent from its original size. This means it is put step ahead of similar blockchain competitors in terms of compressing block size. However there is one major consequence, this optimization affects transaction speed immensely. Since current data sets do not breach a certain size this means no splitting is necessary and no additional hashes are claimed which means the transmission takes place immediately. The user experience is similar to other blockchains where after a transaction has been carried out, no further confirmation is required which means tokens can be easier sent around but also easier for hackers to steal if not in a secure wallet. TEAM 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. Eugene Shumilov is the founder and managing director of Emercoin. Stan Polozov is the chief developer with many years of experience in the IT industry.