What is Emercoin (EMC)?
EmerCoin (EMC) is a decentralized, open-source cryptocurrency created based on technologies from Bitcoin, Namecoin, and Peercoin. It uses the proof-of-stake consensus mechanism which generates a 6% annual interest to help maintain the network. EmerCoin also implements the RFC3489 (STUN) protocol that uses geographically distributed servers for external IP discovery.
Emercoin (EMC): History
Emercoin employs both proof-of-work (POW) mining and proof-of-stake (POS) minting and uses SHA-256 hashes. Its first public release was on December 11, 2013. It was launched in December 2013 and announced three days before launch in order to notify miners in advance. Oleg Khovayko, Emercoin Lead Developer, said, “Key difference in Emercoin from other cryptocurrencies is that we are using blockchain not just for transfer credit values. We consider Emercoin as a technological platform for distributed, censorship–proof and scalable services. So we developed a suite of services running on top of the Emercoin blockchain that will be very useful for a lot of companies and even private persons.”
Emercoin was founded by eight Russian developers and is publicly represented by Oleg Khovayko, Eugene Shumilov, and Stan Polozov.
How does Emercoin (EMC) work?
The currency itself at Emercoin is highly stable and versatile, and the blockchain technology keeps things extremely secure while allowing users multiple transaction options globally. Records are kept safe, and international payments using Emercoin can be complete within a matter of minutes. Emercoin enables users to exchange money and valuable information, regardless of location and time. The service is fast, safe and inexpensive.
How to buy Emercoin (EMC)?
The users can’t buy Emercoin directly for fiat on any exchange. You can choose the best BTC exchange for your region and buy BTC there, then trade it for EMC on exchanges.
If Coinbase is available for your country and buys there as it is by far the safest and best-regulated bitcoin exchange. Coinbase has acceptable fees and limits and it is a leading platform for buying BTC. If Coinbase doesn’t support your country, use Cex.io – it is as good or even better than Coinbase. Coinmama is also legit exchange for buying cryptocurrencies.
Emercoin (EMC) Price prediction 2018
EMC can be a profitable investment option. Emercoin price equal to 2.218 USD at 2018-02-06. If you buy Emercoin for 100 dollars today, you will get a total of 45.091 EMC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-03 is 7.696 US Dollars. With a 5-year investment, the revenue is expected to be around +247.03%. Your current $100 investment may be up to $347.03 in 2022. EMC price today is $2.29 and the market cap value is $94,322,431. The volume is marked as $1,068,730 and the current supply is 41,276,976 EMC.