Emercoin

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Emercoin
Original Emercoin Logo.png
Denominations
Symbol EMC
Development
Initial release v0.2.1emc / 16 April 2014; 4 years ago (2014-04-16)
Latest release v0.6.3.1emc / 18 September 2017; 16 months ago (2017-09-18)
Code repository github.com/emercoin/emercoin
Development status Active
Forked from Peercoin
Written in C++
Operating System Windows, OS X, Linux, Android, IOS
Source model Open source
License GNU General Public License
Website emercoin.com
Ledger
Block time 11.7 minutes[1]
Block explorer emercoin.mintr.org
Circulating supply 41,496,016 EMC (18 March 2018)[2]
Valuation
Market cap $126,082,739 USD (18 March 2018)[2]


Emercoin (Symbol: EMC) is a cryptocurrency that is in some ways similar to Namecoin and Peercoin. It was launched in December 2013 and announced three days before launch in order to notify miners in advance.

Emercoin employs both proof-of-work (POW) mining and proof-of-stake (POS) minting and uses SHA-256 hashes.

Emercoin is blockchain platform for wide range of distributed trusted services. Distinctive features - high reliability, robustness and 3-in-one hybrid mining (PoW+MergedMining+PoS). Currently, Emercoin platform already runs network security services EmerSSL/EmerSSH, decentralized domain system EmerDNS, counterfit solution EmerDPO, VOIP solution ENUMER and bundle of other services.

Features[edit | edit source]

Developers propose Emercoin as a foundation for multiple possible services, rather than simply a currency:

Oleg Khovayko, Emercoin Lead Developer, said, "Key difference in Emercoin from other cryptocurrencies is that we are using blockchain not just for transfer credit values. We consider Emercoin as a technological platform for distributed, censorship–proof and scalable services. So we developed a suite of services running on top of the Emercoin blockchain that will be very useful for a lot of companies and even private persons." [3]

As of 2016 year the following services are implemented:[4]

  • EMCDNS — Decentralized, uncensored domain name system, peering with OpenNIC (currently supporting the .bazar, .coin, .emc and .lib TLDs)
  • Infrastructure for SSL certificates (EMCSSL) — The blockchain is used as a decentralized trust store of hash sums for client SSL-certificates[5]
  • Public Key Infrastructure (EMCSSH) — bridge between OpenSSH and the EMC blockchain, allowing for secure, decentralized management of PKI
  • InfoCard — Storage for electronic business cards for use with EMCSSL
  • EMCTTS — Trusted storage for digital timestamps on the blockchain
  • EMCSTREAM — Micropayment library for streaming media
  • Magnet — Distributed BitTorrent tracker for internet file sharing
  • EmerBoard — Distributed trusted BBS
  • EMCDPO — A decentralized solution for Proof of Ownership
  • Advertising Link Exchanger on Emercoin (EMCLNX) — a peer-to-peer text-advertisement network based on a per-click payment model. Uses NVS as distributed storage for advertising contracts and EmerCoin credits (EMc) as the payment unit

Usage[edit | edit source]

  • EMCDNS is supported on several Tor exit nodes.[citation needed]
  • OpenNIC DNS servers resolve Emercoin domains.[6]
  • EMCSSL is implemented in the Drupal content management system.[7]
  • EMCSSH is deploied in the Hashcoins company[8]
  • The farmer Mikhail Shlyapnikov uses Emercoin blockchain in the own business.[9][10]
  • January 20, 2017: The plugin "Frigate" for the browsers now support EMCDNS zones.[11]
  • March 15, 2018: Coca-Cola Co (KO.N) and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide.[12]

History[edit | edit source]

  • December 11, 2013: first public release
  • February 11, 2014: Folding@Home sponsorship project is started
  • November 4, 2014: Name-Value Storage (NVS) is added; EMSDNS is built on top of NVS
  • December 10, 2014: subdomains in the EMCDNS are now allowed
  • November 30, 2015: Emercoin is attaсked, creating a fork of the blockchain
  • December 1, 2015: the vulnerability of PPCoin protocol is fixed
  • January 1, 2016: potential vulnerability is fixed
  • January 4, 2016: Emercoin partners with Microsoft for BaaS (Microsoft Azure "Blockchain as a Service")[13][14]
  • June 29, 2016: Emercoin and Microsoft Azure released the Emercoin Blockchain Engine in the Azure Marketplace.[15]
  • August 15, 2016: Emercoin wallet 0.5.0 is released. This is first blockchain wallet with PoS, based on the bitcoin core 0.10.2.
  • September 28, 2016: United Nations Development Programme will use Emercoin in the vehicles fleet management.[16]
  • October 6, 2016: Emercoin wallet 0.5.1 (bugfix) is released.
  • December 22, 2016: Emercoin wallet 0.5.2 is released. Based on the bitcoin core 0.10.4, the interface displays UTF-8 in the NVS fields, ENUM support.
  • December 29, 2016: Emercoin wallet 0.5.2.1 (bugfix) is released.
  • January 23, 2017 Emercoin placed on 9 position in the rating 2016 year of the cryptocurrencies in the Benchmark.pl, top of the Bitcoin (10 position).[17]
  • February 13, 2017: Emercoin cryptocurrency wallet 0.6.0 is released. Merged mining with the Bitcoin is implemented.
  • August 29, 2017: Emercoin cryptocurrency wallet 0.6.3 is released. Transaction fee lowered by 100 times.
  • November 26, 2017: Emercoin is placed on 139 position in the coinmarketcap-rating 2017

See also[edit | edit source]

References[edit | edit source]

  1. "Emercoin Blockchain". emercoin.mintr.org. Retrieved 2018-03-18. 
  2. 2.0 2.1 "Cryptocurrency Market Capitalizations: Emercoin - CoinMarketCap". coinmarketcap.com. Retrieved 2018-03-18. 
  3. "First Bitcoin Capital Corp. Signs Evaluation Agreements with Emercoin International Development Group, To Develop and Market Solutions to Provide Distributed Blockchain Services For Business and Personal Use". Yahoo!. 2016-01-28. Retrieved 2016-01-29. 
  4. Emercoin: ‘Setting the New Standard for Top Blockchains’ — Bitcoin.com, January 13, 2016
  5. Alicia Naumoff. Strictly Confidential: Blockchain-based Solutions for Securing User Data — The Cointelegraph, Feb 03, 2017
  6. OpenNIC Wiki: PeerTLDs
  7. krylov. emcSSL — Drupal, July 8, 2015
  8. HashCoins CTO About Corporate Use of EmerCoin ServicesForkLog, Oct 27, 2016
  9. World’s First Village To Adopt Blockchain In Its Farming & Management
  10. Forklog.net: Farming Business in a Russian Village Transferred onto Blockchain
  11. FriGate Now Supports Emercoin Domain ZonesForklog News, 20.01.2017
  12. Coca-Cola, U.S. State Dept to use blockchain to combat forced labor — Gertrude Chavez-Dreyfuss, Reuters, March 17, 2018.
  13. Azure Blockchain as a Service Update #3Microsoft Azure
  14. Jacob Timp Price of EmerCoin Doubles Following Its Partnership With MicrosoftCoinTelegraph, 2016-01-09
  15. Emercoin Blockchain Engine Becomes First Blockchain Solution Available on Microsoft Azure Marketplace — The Cointelegraph, 2016-07-01
  16. "United Nations Will Adopt Emercoin For Its Car Fleet Management Project". Cointelegraph. 28 September 2016. 
  17. Nie tylko bitcoin - kryptowaluty w 2016 roku Template:Ref-pl

External links[edit | edit source]