Emercoin is a virtual currency that is an upgrade of Peercoin and Namecoin. It brings about a blockchain system which presents a name value storage system which has a DNS server in it. This virtual currency employs a ‘proof of state’ and ‘proof of work’ mining system. With time since its inception, it is has come to be one of the most popular digital currency around. It is a versatile and strong distributed ledger system which banks on making available a clever scalable value added services. These services have the capacity to meet both individual and commercial needs.
Emercoin and the Distributed Blockchain Services
It is pretty impossible to have a virtual currency that provides all the features that one could possibly need. Emercoin, however, came as a crypto currency to help meet these needs with the backing of the original blockchain system, just like how bitcoin came into operation.
Besides standing for a blockchain structure that brings about the old and new blockchain system, emercoin capitalized on the best features of Bitcoin. With this, it also created a platform for distributed ledger system with abundant features.
Emercoin came on two protocols – the Proof of Work and Proof of Stake which are based on the PoS minting and PoW mining protocols There is also an upgraded mining that operates based on the integration of the Merged Mining, Proof of Work and Proof of Stake.
Users on this platform can access money management services, electronic business card storage, security service for network, proof of ownership etc. This creates a conducive and functional platform for the distributed ledger services where everyone can have what they need – whether individual or business services.
The Special Features of Emercoin
Emercoin will exhibit a complete blockchain service platform in combination with the virtual currency. The idea is to give everyone the ability to have various forms of transactions in every part of the world. Besides, users will enjoy minute processing fees alongside quick transaction time.
The platform also very versatile alongside security features which helps handle processing of payment optimally. It comes with the capacity to become an all-round solution to users all over the globe.
The Emercoin platform will enjoy the backing of a strong blockchain technology. As a result, users will have the capacity to do more than money exchange and storage. The platform will serve as a secured storage platform for vital data.
Some use cases are transfer and storage of vial info about identity, internet usage without passwords and registering domains resistant to censorship.
Emercoin will enjoy a very stable and versatile currency. Even with the blockchain technology, security will be high with users able to enjoy global multiple transactions. There are safe records keeping with the ability to complete international transactions in minutes.
In conclusion
Emercoin came forth as a well thought solution to tackle some blockchain industry issues. Users will not only enjoy a virtual currency but many other solution and services which will bring the needed utility to individuals and corporate bodies. With this, emercoin has positioned itself as one of virtual currencies to watch out for!
https://emercoin.com/files/pdf/en/whitepaper.pdf
