EmerCoin (EMC) is a cryptocurrency and blockchain which is quite similar in structure and algorithm to Namecoin and Peercoin. Its launch took place in late 2013. The announcement of its arrival into the existing digital currency market was made three days before launch to attract the attention of miners. One of the main features of EmerCoin is the fact that it employs both proof of work (POW) and proof of stake (POS) mining. Presently, EmerCoin uses SHA-256 hashes on its platform.
The aim behind the development of Emercoin was to introduce the new virtual currency as a foundation for multiple types of services that may be incepted in the future. It is envisioned as a cryptocurrency and blockchain platform with multiple use cases. The Emercoin blockchain is expected to be utilized by several businesses in the near future.
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