As we all probably know by now, the Bitcoin blockchain has grabbed the attention of the masses due to its wide array of security features and functionalities. In recent months, we have seen the release of many new digital currencies that aim to make use of the BTC blockchain so as to benefit from its decentralized framework as well as its amazing safety features. With that being said, it is important to recognize the difficulty in writing code on this blockchain.
This is where Emercoin comes in. It is a completely unique blockchain that provides its users with the ability to code programs and develop app suites in a completely hassle-free, streamlined manner. It offers its users a wide array of functional services that can help novice as well as experienced developers alike.
It is also interesting to note that Emercoin’s technology is already being utilized by established players within the digital domain, who are using this blockchain to run their business operations in a decentralized, transparent way.
Also, what really makes Emercoin stand out from its peers is that it makes use of a native data organization system that has been designed to make use of value-based assets without taking up too much space or making use of complicated coding instructions.
- All of the data stored on the Emercoin blockchain is secured through the use of a consensus mechanism that incorporates PoW and PoS mining.
- Owing to its unique design, this blockchain is highly accessible to all users and can be used remotely.
- The Emercoin blockchain is future-ready and can be scaled up as needed.
- This technology is market-established and currently used by companies such as Deloitte, Prover, and Russian Railways.
When talking about new cryptos, we usually come across one or two standout features per currency. However, from one quick glance at Emercoin, we can see that this platform comes loaded with a plethora of unique services that can help organizations and individuals run their businesses in a much more effective manner.
Key features on offer (courtesy of the Emercoin website)
To start off with, we can see that Emercoin is not simply a payment platform, but also offers its customers a suite of services that address a host of issues related to privacy, security, micropayments, data exchange, and more.
It makes use of the EMCSSH module, which has been designed to offer a high level of shell protection to the core governance system. Every member of the management team has to go with this module in order to gain access to the blockchain. Similarly, Emercoin utilizes a technology called EMCDNS which provides users with an infrastructure that supports SSL certificates. EMCSTREAM is a micropayment library which has been designed to help streamline user access to digital media content.
How does Emercoin work as an advertising platform?
One of the core features of this blockchain is its use of EMCLNX, a peer-to-peer text-based advertisement link exchange network. It employs a per-click payment model, and thus allows users to generate a steady income on the side.
EMCLNX network revenue distribution flowchart
There are three components of this system:
(i) Buyers: these individuals advertise their websites through the EMCLNX network. To make use of this service, they have to pay a small fee for each visitor that has been referred to the site via the EMCLNX network.
(ii) Visitors: these are casual web users who simply click on an advertisement that is placed on the host’s website.
(iii) Host: this party displays an ad on their website using the EMCLNX network. When a visitor clicks on an ad, the host automatically navigates the individual to the buyer’s website and, in doing so, receives a commission.
When using the EMCLNX system, there are no middlemen taking any money from the referral transaction. As a result, hosts are able to maximize their gains and buyers are able to attract more visitors to their websites.
History of Emercoin
Emercoin first entered public consciousness all the way back in 2013. At the time of its release, it was compared to other cryptos such as Peercoin and Namecoin due to their structural similarities. However, since then, Emercoin has established itself as one of the more innovative technologies within the blockchain domain.
The project was founded by Eugene Shumilov, who also serves as the company’s CEO. Olay Khovayko is the company’s cryptography specialist. He has been in the blockchain domain since its inception and possesses strong knowledge of the financial and crypto sphere. Lastly, Stan Polozov is Emercoin’s blockchain implementation head. According to Stan’s LinkedIn profile, he possesses “good technical prowess, as well as has a strong industry background.”
Since its release in late 2013, the market performance of Emercoin has been quite stable, thereby leading many financial analysts to believe that this coin has a lot of future potential.
Emercoin three-year performance chart (courtesy of CoinMarketCap)
While the value of a single EMC token remained steady all throughout 2015 and 2016, its value started to rise quite substantially when other alt-currencies like Bitcoin and Ethereum started to take off in 2017. While in June of last year, the price of a single EMC was US$1.69, it stood at an impressive US$4.39 on February 4, 2018.
With the sheer variety of services that the Emercoin platform makes available to its users, it would not be surprising to see this currency be viewed as a lucrative investment option by many novice as well as experienced investors in the near future.
With the currency’s value currently hitting new highs, it can be said that many people are now beginning to see the true power and potential of this emerging blockchain.
However, as is the case with all crypto assets, past performance should not be used to predict the future value of EMC.
If you would like to start investing in Emercoin, EMC trading pairs are currently being offered on Binance.