Emercoin (EMC) is a coin used on Emercoin blockchain to settle transactions and pay for services offered on the mainnet. Emercoin employs both "Proof of Work" and "Proof of Stake" consensus algorithms which ensure a high level of security of the Emercoin blockchain.
The integration of both consensus algorithms also restrict malicious attacks such as 51% attack. The Emercoin blockchain offers various services such as EmerDNS (Websites cannot be blocked, the owner carries the unique keys forShow more [+] intaining or modifying domain names), EmerSSH (eliminates the need of a central server), EmerDPO (A digital proof of ownership) and EmerSSL (prevents compromised SSL certificates). A fraction of Emercoins (EMC) is used for availing the aforementioned services.
Emercoin holders get 6% annual reward for holding the coins. The maturity period for participating in the reward program is 30 days.
Emercoin was founded by Eugene Shumilov, the present CEO. The team consists of Oleg Khovayko who is a cryptography and financial expert. There are four other members of the team. The advisory board consists of 9 members including Gabriel Abed, founder of Bitt.