Emercoin
Crypto Overview
Overview
Emercoin (EMC) is a blockchain platform that was launched in 2013. It uses a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism and focuses on providing blockchain-based business services.
Purpose and Utility
Emercoin's primary purpose is to serve as a platform for various decentralized services, including: Digital Sky Technologies (distributed cloud storage), EMCDNS (decentralized domain name system), EMCDPO (digital proof of ownership), EMCSSL (secure sockets layer security), and EMCMAGNET (decentralized torrent tracking).
Business Model and Development
The project's business model revolves around providing decentralized infrastructure services for businesses. These services are built on top of the Emercoin blockchain and require EMC tokens for operation. The development team maintains regular updates to the core protocol and service implementations.
Real-World Adoption
While the project has established several technical implementations, current usage appears limited. The platform has some business partnerships but transaction volumes and active usage metrics suggest modest adoption of its various services.
Token Distribution
Emercoin's initial distribution occurred through mining, with no pre-mine or ICO. The ongoing token creation occurs through both PoW mining and PoS staking, which provides a relatively decentralized distribution model.
Crypto Impact
To assign a comfort level investing in Emercoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Emercoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.