Bitcoin set the standard for cryptocurrencies, introducing the world to a new way of looking at money, while simultaneously lighting the way to the future of money. But Bitcoin hasn’t solved all the problems that the world will have as it translates the blockchain into a workable and scalable force. Thankfully there are digital tokens that are stepping up in an effort to fill that void and Emercoin (EMC) is just one of them.
Emercoin was created with the expressed mission of filling the gaps that Bitcoin (BTC) missed during its development. Most notably EMC’s developers have built upon the underlying architecture of BTC a whole new set of innovations. More on this later but first let’s explore the beginnings of Emercoin.
Developers got things underway in earnest back in 2015 after inventing and implementing blockchain based security services. During this development phase, Emercoin saw the creation of EmerSSH, a decentralized public key infrastructure and a full access control list. By 2017 developers had integrated into the workings of the platform, a Redhat catalog of certified software. Whilst developers were including Redhat catalog further improvements were developed, including a three-in-one mining mechanism built upon POS and POW and merged mining.
The development of Emercoin (EMC) has attracted the attention of key players in the digital space, including Microsoft who partnered with Microsoft’s BaaS program. This was part of Microsoft’s build-out of its Blockchain engine for its MS Azure app. Since this development Emercoin has gone on to attract several major players in the space. These include Coca Cola, Lloyds, BitFury and RiskCooperative, all of which have tapped the platforms blockchain architecture for scaling and delivering in a fully decentralized digital environment.
Emercoin has a formidable array of services that have helped to strengthen its reputation as a platform on the blockchain. The platform’s name-value storage is a revolutionary concept that allows the storage of arbitrary data within the blockchain. This aspect of the platform is a reliable complement to Emercoin’s reliability component. Under this reliability component, EMC is able to deliver and support traditional POW mining which is merged with Bitcoin mining. This mining capacity is based on the traditional proof-of-stake mining protocols that have come to define the blockchain.
EMC developers have gone one step further with how they secure transactions on the platform. Traditional digital token security is based upon smart-contracts, but these contracts have proven vulnerability as a result of their Turin-complete architecture. EMC developers have gone with a restructured security protocol that using NVS logic, a protocol that reduces the risk of malicious code being written and replicated on the platform network.
The strong foundations have allows developers to roll out a wide mix of services on the platform. This includes EmersDNS, a service that allows users to manage their domain name servers in a fully decentralized and secure environment with the added benefit of not being susceptible to censorship. This service is supported by EmerSSH, a digitally secure way of administering server-based PKI and the generation of root certificates. In addition to the strong security features, EmerSSH allows the flexible integration into other protocols such as OPENSSH.
Of course EMC has attracted the attention of traders and investors in its token. Over the last 30 days the token itself has hit a high of $3.18 – achieved on July 2, 2018. The token has held pretty well given its age, architecture and range outside of the more prominent digital tokens with a 30 day low of just $2.39. The all-time high for Emercoin is a solid $9.36 and the token currently has a market cap of $126M.