Emercoin
Emercoin | |
---|---|
Denominations | |
Symbol | EMC |
Demographics | |
Date of introduction | 7 December 2013 |
User(s) | Worldwide |
Valuation | |
Total production | 1*10^9 EMC |
Method | POW + POS |
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.
EMC is considered to be a leading digital currency and Blockchain platform which focuses on creating innovative and scalable services for both business and personal use.[1]
Features
Developers propose Emercoin as a foundation for multiple possible services, rather 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." [2]
As of 2016 year the following services are implemented:[3]
- 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
- 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
- EMCDNS is supported on several Tor exit nodes.
- OpenNIC DNS servers resolve Emercoin domains.[4]
- EMCSSL is implemented in the Drupal content management system.[5]
- EMCSSH is deploied in the Hashcoins company[6]
- The farmer Mikhail Shlyapnikov uses Emercoin blockchain in the own business.[7][8]
History
- 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")[9][10]
- June 29, 2016: Emercoin and Microsoft Azure released the Emercoin Blockchain Engine in the Azure Marketplace.[11]
- 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.
- October 6, 2016: Emercoin wallet 0.5.1 (bugfix) is released.
See also
References
- ↑ https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update-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.
- ↑ Emercoin: ‘Setting the New Standard for Top Blockchains’ — Bitcoin.com, January 13, 2016
- ↑ OpenNIC Wiki: PeerTLDs
- ↑ krylov. emcSSL — Drupal, July 8, 2015
- ↑ HashCoins CTO About Corporate Use of EmerCoin Services — ForkLog, Oct 27, 2016
- ↑ World’s First Village To Adopt Blockchain In Its Farming & Management
- ↑ Forklog.net: Farming Business in a Russian Village Transferred onto Blockchain
- ↑ Azure Blockchain as a Service Update #3 — Microsoft Azure
- ↑ Jacob Timp Price of EmerCoin Doubles Following Its Partnership With Microsoft — CoinTelegraph, 2016-01-09
- ↑ Emercoin Blockchain Engine Becomes First Blockchain Solution Available on Microsoft Azure Marketplace — The Cointelegraph, 2016-07-01
External links
- Official website
- Elliot Maras (2015-05-29). "So long-passwords? Cryptocurrency emercoin's block chain supports passwordless authentication". Cryptocoinsnews. Retrieved 2015-09-27.
- Mike Ward (2015-04-23). "Change Is Coming: How the Blockchain Will Transform the Domain Name Business". The Cointelegraph. Retrieved 2015-09-27.
- "How To Mine CryptoCurrency for Science: Distributed Computing Rewards". Cryptorials. 2015-02-22. Retrieved 2015-09-27.
- Mike Ward (2014-10-31). "Decentralized Internet Update". LET'S TALK BITCOIN!. Retrieved 2015-09-27.
- "Decentralizing Internet Plumbing: Episode 1 – Oleg Khovayko". Avra News. Retrieved 2015-09-27.
- "EmerCoin announces emcLNX". Bitcoin Garden. 2015-09-27. Retrieved 2015-09-28.
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