Emercoin is not only a cryptocurrency, but also a service platform offering many different services to all types of users: from global corporations to individuals.
It is the world's leading currency and facilitates the fast, secure and economical exchange of money and other valuable information.
History of creation and project team
Emercoin is the new leader in secure distributed Blockchain business services.
There are 10 people who work on the project, each of whom is responsible for his own area and holds a clearly defined position. The project team mainly consists of Russian entrepreneurs, they have ambassadors in Germany, China, Japan, Korea, North America, Africa and the Middle East.
The Emercoin cryptocurrency first appeared in 2013. During its launch season, the project was compared to Peercoin and Namecoin, as they were structurally similar. But only Emercoin has proven itself to be one of the most inventive developments within the blockchain.
The Emercoin team is made up of people who are experts in cryptography, programming, architecture, and knowledge of block communications in other areas. The official representatives of the team are Oleg Khovaiko, Evgeniy Shumilov and Stan Polozov.
- Oleg is a financial expert in the cryptographic field;
- Stan is working on blockchain integration;
- Evgeniy is the founder of the project, who holds the position of Chief Executive Officer.
One of the advantages of Emercoin is that it has a community of users where they can come together to discuss ideas. This is a great platform to discover new digital currency solutions.
The official website of the company is https://emercoin.com
Creating a cryptocurrency wallet Emercoin and storing funds
In order to create Emercoin wallet , you need to visit the official website of the project - emercoin.com.
By going to the Downloads section, the user will be able to download the wallet to their computer.
After installing the program, you will need to go through the registration procedure.
It is also possible to use an online wallet on the official website.
Speaking of storing a crypto asset, it can be carried out both in the official wallet and in third-party wallets, for example, in the multi-currency Jaxx. In addition, storing digital currency is allowed on a cryptocurrency platform that supports EMC currency.
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Distinctive Features of Emercoin Blockchain
Flexibility . The project has a well-thought-out concept of Emercoin's Name Value Storage, which allows you to store any type of data in the blockchain. This has already made it possible to create a number of distributed services from decentralized DNS to a free VoIP service.
Reliability . While Emercoin supports traditional PoW mining and merged mining with Bitcoin, the project eliminates the hardware race for cryptocurrency mining and supports a more environmentally friendly POS method, guaranteeing a return of 6% per year.
Safety . Emercoin will never sacrifice security for flexibility. Unlike smart contracts, which have already caused multi-million dollar scams and various security threats, Emercoin's NVS logic is not Turing-complete and cannot be used to write malicious code.
Suggested Solutions
The team has created a number of great technologies that make their currency unique. In total, Emercoin has nine services, 8 of which are already operational.
The DNS system offers decentralized domain names. These domain names are unique compared to traditional domain names because the user has the cryptographic key needed to transfer or change them. No one will be able to change, suspend, block the site or limit it by censorship, except the user himself.
EmerSSH is the system used by site administrators. When you use a server-based public key infrastructure, you are entirely dependent on the integrity of the owner of the service. Thanks to the decentralized nature of EmerSSH, you don’t have to worry about the keys of your root certificate, which will reliably protect any transferred data. EmerSSH can be connected to OpenSSH and provide not only a secure but also convenient method for logging into multiple servers via SSH.
EmerSSL is a passwordless website recognition system that uses the Emercoin blockchain as a decentralized and secure hash store for clients' SSL certificates. Certificates can be generated by users on their computers without any central authority and quickly replaced as needed. This makes the system effective both for scheduled updates and for quickly revoking suspicious certificates.
EmerSSL allows the system to be completely decentralized: there will be no single entity controlling authentication. This means that EmerSSL will not be able to suffer from system failures, technical problems or a malicious attack on the server. Related to EmerSSL technology, the EmerSSL InfoCard service is a “business card” system that augments EmerSSL login credentials with autofill forms based on data stored on the Emercoin blockchain.
EmerDPO is a decentralized solution for digital verification of ownership or authentication of physical or digital goods and services using the Emercoin blockchain. You can use it in any industry: to verify land ownership, register software, register a car, sign up for a subscription, or register ownership of art or jewelry.
Authenticating ownership through written records is both time-consuming and cost-intensive, but also opens the door to abuse, illegal alteration, and even theft. With an Emercoin block, ownership will be immutably tied to their respective owners.
ENUMER is a phone record maintenance system on the Emercoin blockchain. It translates phone numbers into IP addresses for use by SIP proxies, VoIP gateways and other specialized telephony systems. Deployed over the EmerDNS infrastructure, the system is extremely fast due to local query resolution and infinite scalability.
EmerLNX is a test P2P advertising network, a link exchange system based on a pay-per-click model. Unfortunately, the EmerLNX project is temporarily frozen as it is undergoing its finalization stage. In the future, the EmerLNX system will have 3 functions:
- A buyer who advertises his website. Using the EmerLNX network, he will pay a small amount of money for each visitor to his site.
- The host on which advertisements will be stored. When a visitor clicks on an ad, the host will redirect that visitor to the buyer's site and record the payment from that visit.
- A visitor is an ordinary web user who clicks on a website advertisement and visits the advertised site.
In the EmerLNX system, the buyer directly pays the host for each visitor. There is no central agent to set minimum prices or allowable limits, and there are no participation fees. All payments come directly from buyers without the participation of any intermediate agent.
EmerMAGNET is a storage of BitTorrent magnet links under the service acronym "magnet" in EmerNVS.
EmerNVS – provides a universal, extensible service for storing and maintaining name-value pairs without imposing a narrow specialization.
EmerTTS – storage of digital timestamps. The feature automatically applies the current timestamp to any entry added to the Emercoin blockchain. The blockchain network verifies that the timestamp is correct and rejects attempts to upload records with a different timestamp. Timestamp trust, just like transaction trust, is generated by the combined efforts of Emercoin miners.
Blockchain
Based on Emercoin blockchain , you can implement new projects or improve existing ones.
The functional features of the blockchain are as follows:
- Security of corporate networks.
- Secure access without password.
- Evidence of ownership of digital assets and copyrights.
- Security of transactions.
- An alternative decentralized domain system.
- Decentralized pay-per-click network.
Confirmation of transactions can be viewed on the Emercoin blockchain - https://emercoin.mintr.org/.
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Emercoin rate
On July 18, 1 EMC coin cost $3.06. Below we provide a graph of changes in the value of the coin in relation to the dollar and Bitcoin over the entire period of its existence:
Emercoin is ranked 81st and has the following price indicators:
- market capitalization – $128,712,094;
- trading volume on exchanges (24 hours) – $1,297,040;
- coins in circulation – 42,028,302 EMC.
Mining cryptocurrency Emercoin
Emercoins are a fairly popular cryptocurrency, and one of the effective ways to obtain it is mining. Mining Emercoin is not much different from mining this coin, at least globally. As with other coins, first you need to install a cryptocurrency wallet and generate your first address. After which you can start forming a block and receiving a reward for it.
The process itself involves searching for transactions to include in the chain. Thanks to this approach, it is possible to correctly distribute financial transactions. This allows the system to remain unified. Transactions form a block, and it, in turn, is encrypted and verified on the network. At the same time, the information in the previous blocks is not updated, because if this happens, the data in the entire chain will change.
But mining Emercoin in the traditional way is not entirely effective. This is illiquid, since the cost of coins is still at a low level. Therefore, the costs are not covered by the income received as a result of mining. And as a speculative asset, this coin does not bring the expected benefits. Therefore, it is impossible to call this cryptocurrency a good choice for classical mining.
But this does not mean that EMC mining is not profitable at all. Miners should focus on working with the pool, because pool Emercoin allows you to mine coins much more efficiently. Today, several pools are in demand:
- Official pool for Emercoin. This project is pool.emercoin.com. However, be careful, as the site itself states that this site is operating in test mode. So you can use it or pay attention to other pools, of which there are quite a lot.
Pool emc.bitember.com. One of the most popular pools that works with many cryptocurrencies. Among them is the Emercoin coin. So it can be used as an alternative tool.- Pool inetrader.com. The project is not the most reliable, but it has potential, so you can try to use your strengths and mine the Emercoin cryptocurrency on a convenient platform.
There are still many services that allow you to mine this cryptocurrency, but using the services of these centers is not always convenient or safe. Therefore, when choosing a place to mine coins, special attention should be paid to the site’s reputation. Even though the coins are inexpensive, I still wouldn’t want to lose the money invested in mining.
In addition, there is always the possibility of cloud mining Emercoin. In this case, you do not need to buy equipment, but use the resources offered on the sites. Please note that mining is carried out using the PoS protocol.
How to mine EMC coins
Emercoin (EMC) is a cryptocurrency with hybrid PoS and PoW mining. Coin generation occurs mainly through energy-saving PoS production, since PoW mining becomes increasingly problematic and unprofitable over time.
Each EMC coin holder can participate in maintaining the health of the network by verifying and confirming transactions. By creating new blocks using the Emercoin Proof-of-Stake (PoS) system, you can receive EMC coins. Revenues from PoS are about 6% per year.
- EMC blocks are mined every 10 minutes;
- the probability of closing a block using PoS directly depends on the number of coins in your wallet balance;
- to be eligible to participate in trading, the cryptocurrency must be on the EMC address for at least 30 days;
- In order for the user to be able to create blocks, his wallet must be encrypted and unlocked in “mint only” mode;
- The reward size in PoS mining is based on the age of the coin.
The Proof-of-Work code is generated jointly with Bitcoin and uses the same encryption algorithm – SHA-256. Any pool that mines Bitcoin can now also mine Emercoin.
To run Emercoin through the PoW protocol, users must ensure that they have enough computing power and only then download the appropriate software.
- reward in PoW mining – 5020 EMC, decreasing in PoW difficulty;
- the current network hashrate is 9,092,103.48 TH/s.
Road map
In 2020, the company plans to further expand functionality and release new services:
- Version 7 of the wallet with Segwit support, with an improved core and DNS subsystem;
- complete the implementation of ATOM - a secure protocol for P2P sale of NVS records (DNS, land certificates, etc.);
- release Randpay, the second generation of lottery payment aggregation.
And this is what the plans for the next 3 years look like:
