What is Emercoin Coin (EMC)?

Introduction

Emercoin Coin, or “Emer” for short, is a decentralized blockchain project that allows immediate payment to people all over the world.

Emercoin is based on peer-to-peer technology and operates without central monitoring.

Verification of payment transactions and confirmation of payment transactions is carried out via the network by consensus.

Emercoin Coin is based on pieces of code from Bitcoin, Namecoin and Peercoin and combines their components with its own coding.

In addition, the Emercoin Blockchain is increasingly being used by other services.

In the center is the so-called Emercoin Name-Value-Storage (NVS), which enables the storage of name-value pairs on the blockchain.

What is the goal of Emercoin Coin?

The Emercoin Coin cryptocurrency is one of the world’s leading block chain and currency platforms.

Emercoin enables users to exchange money and valuable information, regardless of location and time. The service is fast, safe and inexpensive.

The focus here is on full control and security of the money. In addition, transactions should be made possible without high costs.

Through the offered block chain service, the transmission and reception of information should be possible at any time.

The use of passwords should also be simplified and transferred to the block chain. Furthermore, the aim of Emercoin is to protect and protect the personality of people.

This is why Emercoin Coin wants to prevent the theft of personal data using the blockchain. In particular, the transfer of data during the payment process can be regulated individually by the user.

Who is behind Emercoin?

Emercoin was founded by eight Russian developers and is publicly represented by Oleg Khovayko, Eugene Shumilov and Stan Polozov.

Oleg Khovayko is an expert in cryptocurrency and finance and is responsible for the technical aspects of cryptocurrency and blockchain.

Eugene Shumilov is the founder and managing director of Emercoin. Stan Polozov is the chief developer with many years of experience in the IT industry.

Mining and boundary of the currency

As Emercoin is a cryptocurrency, mining is also a central component.

Mining is based on the proof-of-stake principle (PoS) and on the proof-of-work principle (PoW). However, the mining of the Emercoin coin is increasingly focussed on the PoS principle, as tracking PoW becomes more difficult over time.

The limit of the currency is dynamic, as the algorithm provides for an increase of 6% per year.

Current valuation and market capitalization

Currently, the price of an Emercoin Coin is $1.22, bringing the total market capitalization to $50.2 million.

The daily trading volume is approximately USD 370k which means that around 1% of the total currency is traded daily.

In addition, 40 million Emercoin coins are currently in circulation. Most of the exchange takes place between Emercoin and Bitcoin.

The historic high of the currency was recorded on December 13 at a market value of USD 1.22.

You can’t buy it 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. Read here how you can quickly convert other coins to bitcoin and the other way around.

Our recommendation is always check if Coinbase is available for your country and buy 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 – read how Cex.io works – it is as good or even better than Coinbase. Coinmama is also legit exchange for buying cryptocurrenciesclick here to visit Coinmama.

If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is secure place to buy crypto), instantly and directly to bitcoin.

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Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on how to use Ledger Nano S wallet and where to buy it or check out other top physical crypto wallets here. You can also create a paper wallet – learn here more about crypto wallets.

 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

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