Emercoin (EMC)

Emercoin (EMC)

What is Emercoin?

Only in 2017, at the peak of cryptocurrencies, there were thousands of new projects on the blockchain. Some were narrowly focused, for example, platforms for creating decentralized applications or for finding customers in a particular industry. Others sought to improve the crypto world, to make it more adapted to the realities of users. This is the type of Emercoin.

This cryptocurrency was developed as a means of payment. Developers focused on miners and users. Their main task was to develop a crypto coin that can be mined by everyone. That's why the creators added two consensus algorithms - Proof-of-Work and Proof-of-Stake. Thus, miners and users found themselves in equal conditions, and could make decisions without priority in the direction of any of the groups. Now there are many Emercoin mining pools, and this cryptocurrency direction is widely spread.

The work on the project started in 2013, and the official launch took place in 2014. At the same time, the EMC coin appeared in the listing of the world's leading crypto exchanges. The main idea of the developers is to create an effective means of payment, which will help to pay for various services and accesses on the Internet. In addition, the crypto coin can become a partner of some online stores, thanks to which it will be possible to pay for goods. Follow the Emercoin news, and you’ll be the first to know about the new partnerships of EMC.

What are the advantages of Emercoin?

  • Dual mechanism of consensus. The Proof-of-Work algorithm makes hardware mining available, and Proof-of-Stake allows users to receive a percentage for using and storing the cryptocurrency. Most importantly, both mechanisms equalize the rights of both parties: miners and users.

  • Reliable protection of the corporate network and security of user information and copyright documents. The creators have developed their own technology that provides excellent protection for all users.

  • Ability to conduct secure transactions between users. This option is provided by the Emercoin blockchain. And this is an important advantage over other cryptocurrencies that have nothing like it.

Where to store Emercoin?

Users can store Emercoin on an official wallet. It can be downloaded from the Emercoin website. The creators have developed a repository for mobile and desktop versions. In addition, you can store coins online. Download the program, register, replenish the account, and the wallet is activated. In addition, EMC works with some types of multi-currency wallets. The most famous of them is Jaxx.

How to buy Emercoin?

The cryptocurrency is represented at several major Emercoin exchanges. First of all, it is Bittrex, Cryptopia, Upbit and HitBTC. In addition, there are several less well-known and popular trading platforms where you can buy or sell EMC. We are talking about xBTCe, LiteBit.eu, Tux Exchange. EMC is traded for fiat money (dollars, euros) or cryptocurrencies (Bitcoin, Ethereum, USD Tether). You can always check the Emercoin market cap at Coinmarketcap.

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