Emercoin (EMC) – Bitfury and First Block Capital are United in Strategic Investment – Here’s Why
Emercoin (EMC) – Bitfury and First Block Capital are united in Strategic Investment – Here’s Why
The Bitfury group, the leading, fully integrated Bitcoin Blockchain security and infrastructure provider and First Block Capital, Canada’s first fully registered Crypto investment firm, make strategic investment in EMC.
EMC technology combines proof-of-work (PoW) and proof-of-stake (PoS) which are the main reason that Bitfury believes they can use EMC technology to merged mining into a hybrid model in order to launch new pilot projects that provides both flexibility and security.
According to Valery Vavilov, CEO of the Bitfury Group:
“Bitfury is a big fan of Emercoin technology, which offers great potential for proof of work and proof of stake mining. In the coming months, we will develop creative ways to use this new technology, which provides both flexibility and security, to launch new pilot projects that solve complex problems for governments, companies, institutions and individuals around the world.”
What is Emercoin (EMC)
“The Key difference in Emercoin from other cryptocurrencies is that we are using blockchain not just for transfer credit values.
Oleg Khovayko, EMC Lead Developer
Its launch date was December 11th, 2013 and announced three days before its release in order to notify miners in advance. EMC is a decentralized cryptocurrency PoW/PoS that uses the SHA-256 hashing algorithm with a total supply of 41,208,817 coins. EMC shares many of the same characteristics with Bitcoin but strives to offer superior services, both in quality and quantity, to businesses and developers worldwide.
Today, Emercoin is among the top digital currency offerings available. Developers propose EMC as a foundation for multiple possible services, rather than simply a currency. Since its release, the Emercoin exchange rate has been growing steadily during the last three years.
Emercoin joined the Microsoft Azure program in January 2016, becoming one of the first partners and blockchain implementing service providers. Furthermore, on this day, the Emercoin Blockchain Engine has become the first Microsoft Azure market application to provide blockchain services to end users around the world.
EMC can’t currently be bought directly by using USD. Investors seeking to acquire EMC must first buy BTC or ETH using an Exchange that deals in USD such as Gemini or GDAX and then use one of the exchanges including Bittrex and others.
In 2017, several independent startups have adopted EMC blockchain technology which proved its potential and functionality.
Just looking at the last month we can observe that Emercoin has had and significative growth even with small and irrelevant breakthroughs in December. EMC traded 20.4% higher against the USD during the twenty-four-period ending at 20:00 PM in January 18th. One EMC coin can currently be bought for $5.97 USD or 0.00065385 BTC on popular exchanges including Bittrex and CoinExchange (23/01/2018 10:35 AM).
In the last days the cryptocurrency markets are shuddering in what some are calling a “cryptocurrency bloodbath,” but long-term investors will tell you they’ve seen this before.
This is the third year in a row that the overall market for digital coins has plunged early in the new year, in fact you can see this as a “annual tradition”.
Although, whenever the cryptocurrency markets suffer these breakthroughs, not only they recovered from them but also climbed to new heights.
Despite this early January “crash”, the expectations are high for this year has EMC reached market capitalization of $301.67 million and approximately $4.31 million worth of EMC was traded on exchanges in the last days.
Overall you can see EMC has a substantial growing market which appeals to all type of investors in the cryptocurrency universe. Emercoin was one of the only coins that didn’t fluctuate below -50% relative to its all-time high in December, when most of the coins did like Litecoin (LTC) and even Bitcoin (BTC).
Image 1 – Emercoin (EMC) Charts – Source: http://coinmarketcap.com