Review on Emercoin by Diane Tailor
Emercoin project
emercoin is a decentralized blockchain project that allows instant payments to people around the world. emercoin is based on peer-to-peer technology and works without central monitoring.
The currencies of this network are based on the code of Bitcoin, Namecoin and Peercoin and combine their components with their own coding.
This project is one of the most prominent blockchain and currency systems in the world. Emer enables users to exchange valuable money and information, regardless of location or time. Fast, safe and cheap service. The focus here is on complete control and security of money.
In particular, data transfer during the payment process can be set individually by the user.
The project was founded by eight Russian developers, the main developer of this project with years of experience in the information technology industry is developing this network.
The mining of this currency is based on the principle of proof of stock (PoS) and the principle of proof of work (PoW). However, emer mining is increasingly focused on the PoS principle, as PoW becomes more difficult to track over time.
Pros
- It is one of the oldest crypto and more than 5 years have passed since the release of this project.
- Uses peer-to-peer technology that eliminates the need for third-party network transactions
Cons
- In 2018, this currency had a lot of price growth, but it has not been supported by big investors for a long time
- The current ranking of this currency in coinmarketcap has dropped a lot and is now around 900
