Emercoin

Emercoin
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Date of introduction	7 December 2013
User(s)	Worldwide
Total production	1*10^9 EMC
Method	POW + POS
Symbol	EMC

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

On January 4, 2016 Microsoft entered into a partnership with EmerCoin as part of their Azure Blockchain Service program. EMC is considered to be a leading digital currency and Blockchain platform which focuses on a platform of innovative and scalable enterprise services.

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."

As of 2015 year the following services are implemented:

• 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.
• EMCSSL is implemented in the Drupal content management system.
• Emercoins may be "mined" using Folding@Home.

History

• December 11, 2013: first release
• Febriary 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")

See also

• Alternative DNS
• Namecoin

External links

• Official website