What is Emercoin (EMC)?
Future of EMC Cryptocurrency and know how to buy EMC

#1 - What is Emercoin (EMC)?

  1. Emercoin (EMC) is an open-source cryptocurrency which originated from Bitcoin, Peercoin and Namecoin. Other than being a cryptocurrency, it is also a platform for secure distributed blockchain business services. The EMC coin is used for accessing the blockchain-based services provided by Emercoin.
  2. Emercoin inherits the reliability and security of Bitcoin, while at the same time adding more features to its own blockchain by leveraging several innovative technologies. The Emercoin blockchain has been specially designed to provide businesses with the secure blockchain services and also allow them to create their own decentralized apps.
  3. Emercoin has mastered a robust data organisation system that enables Emercoin services to use necessary data without requiring too much storage space and complex programming languages.

Development of Emercoin

  1. Emercoin was founded in the year 2013 by Eugene Shumilov who also serves as the chief executive officer of Emercoin.
  2. The Emercoin team also consists chief technical officer Oleg Khovayko, a cryptocurrency & financial expert and Stan Polozov a Blockchain Implementation Specialist.
  3. Emercoin is also backed by a decentralized team of nine advisors from across the world.

 

#2 - What are the Benefits of Emercoin?

Emercoin Technology

Benefits of Emercoin Technology

  1. Since Emercoin is based on Bitcoin, it features all the security benefits that Bitcoin offers. It operates using decentralized peer-to-peer technology and all the transactions are verified collectively by the participants in the network through a consensus mechanism.
  2. Emercoin uses a hybrid consensus mechanism, which is a combination of Proof-of-Work, Proof-of-Stake and merged mining. This allows users to merge-mine Emercoin and Bitcoin simultaneously.
  3. Emercoin’s innovative technology has allowed many blockchain-based services for businesses. Few of these services are listed below.
    1. EmerDPO is a blockchain-based solution which features a decentralized ledger of ownership certificates. It allows the digital validation of authenticity and ownership of goods and services.
    2. EmerDNS is a decentralised naming system which runs on Emercoin blockchain. This Domain Name System is uncensorable and users’ records cannot be revoked, altered, and manipulated.
    3. EmerNVS is a Name-Value storage service. It allows the storage any data in Name-Value format within Emercoin blockchain. This service is inspired by the Namecoin cryptocurrency.
    4. EmerSSl is a decentralized system for authenticating passwordless websites. It takes advantage of the Emercoin blockchain to safely store hash sums of client SSL, making man-in-the-middle attacks impossible.
    5. Some other services are EmerSSH, EmerLNX, ENUMER, EmerMagnet and EmerTT

 

#3 - How to Buy and Store Emercoin?

How to Buy Emercoin?

Since Emercoin supports EMC mining, users can take advantage of this, if they wish to obtain some Emercoin or they should simply buy Emercoin from a cryptocurrency exchange.

  1. Emercoin is listed to trade on major cryptocurrency exchanges such as Bittrex, HitBTC, Livecoin, Upbit and some others.
  2. On most cryptocurrency markets Emercoin can be obtained by exchanging it for Bitcoin and Ethereum.
  3. The ideal way to buy Emercoin is to compare rates on different exchanges and choose the best rate, which is why you should head over to CoinSwitch.
  4. CoinSwitch is the largest and most trusted cryptocurrency trading platform. It allows its users to compare and trade cryptocurrencies in real-time across all major exchanges. In simple terms, users have access to the whole crypto market at one place.

How to Store Emercoin?

  1. The Emercoin team provides official wallets for multiple platforms. The Emercoin Core Wallet is a desktop Emercoin wallet that is available for Windows, MacOS and Linux. Another wallet is Blockchain Engine emcweb wallet (Azure).
  2. Emercoin mobile wallet comes in three versions. Emercoin Basic and Emercoin One wallets are available for iOS only and Emercoin SW (Emercoin Secure Wallet) is available for both iOS and Android.

 

#4 - What is the Future of Emercoin?

Trend so far

Also Read: Complete Analysis of Emercoin | Live Emercoin (EMC) Price Charts And Predictions

  1. As of July 2018, the Emercoin cryptocurrency holds a market cap of over $124.5 million, which puts it at 83rd on the global cryptocurrency market. Currently, 41,977,089 EMC tokens are in circulation.
  2. On Aug 23, 2014, the Emercoin cryptocurrency began trading in the global cryptocurrency market at an initial price of $0.001491. So far its price has been steadily growing given minor declines on some occasions.
  3. Similar to other cryptocurrencies, Emercoin also witnessed a substantial increase in its price during January 2018. Emercoin touched its all-time high price point of $10.53 on January 14, 2018, as of July 2018 Emercoin price seems to be anchoring around $3.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

2.70

3.08

2.67

2.91

2,826,480

113,055,000

Dec 01, 2017

0.932838

1.04

0.888009

1.03

166,048

38,238,600

Apr 01, 2017

0.339731

0.408971

0.335913

0.374849

391,277

13,519,700

Jul 01, 2016

0.231311

0.474536

0.231311

0.340887

371,928

8,794,080

Nov 01, 2015

0.043119

0.045989

0.041493

0.043486

1,572

1,569,350

Mar 01, 2015

0.007636

0.008371

0.007385

0.008329

254

262,920

Aug 23, 2014

0.001491

0.001496

0.001485

0.001494

23

49,158

 

#5 - How is Emercoin different?

  1. Unlike its parent cryptocurrency (Bitcoin), Emercoin’s functionality is not limited to peer-to-peer transactions. Emercoin is an infrastructure, which aims to provide cybersecurity to businesses through its many robust distributed services.
  2. Emercoin is derived from Bitcoin, Peercoin, and Namecoin so it tends to have some similarities with these cryptocurrencies. But apart from the basics, it has modified the code to add many extra features and has developed its own blockchain that businesses can use to develop their own decentralized apps.
  3. Another difference it has with its parent counterpart is the consensus mechanism. While Bitcoin uses a proof-of-work consensus to secure its network and allow mining, Peercoin has made a hybrid consensus which includes PoW, PoS and Merged-Mining.

 

#6 - Should you Invest in Emercoin?

  1. Emercoin has been in the market since 2014, and its past trend in the cryptocurrency market shows that it has followed a steady and stable growth.
  2. Analysts believe that it will continue this steady growth in future. As of July 2018, its price is floating near $3 compared to its initial price $0.001491.
  3. Emercoin has scored many partnerships. Two of its major partners are Coca Cola and Microsoft. Some other partners are RedHat, LLoyd’s, Bitfury, Aspanta, Deloitte, Authorizers, Foundico, Anteko, etc.
  4. Emercoin has also been featured on some prominent media platforms such as Forbes, Digital Trends, Engadget, The Business Times, Aljazeera, Gadgets Now and others.
Related Searches



Buy EMC using credit cards at the best rates
Buy Now
Buy EMC using credit cards at the best rates