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EmerCoin was established as cryptocurrency of emergence, to support and sponsor H+ and related future-oriented hi-tech projects (bio-science, robotics, autonomous intelligent electric vehicles, air drones and submersibles).
The revolutionary network currency anticipated in Neal Stephenson's novel "Cryptonomicon" saw practical implementation in the first distributed cryptocurrency Bitcoin. However, several years of operation has revealed a number of serious intrinsic drawbacks inhibiting Bitcoin from becoming a currency for mass use. This motivated the team to develop a cryptocurrency adapted for real life applications and packed full of cutting-edge technology.
- Total coins: 1 * 10^9 EMC.
- POW Algorithm: SHA-256.
- Block speed: variable from 10 seconds to 10 minutes, varies on blocks found and difficulty.
- POW block reward: 5020 EMC, decreasing depending on difficulty.
- POS reward: 6% annual with 30 day coin maturity.
- POW difficulty is recalculated each block.
- Confirmations for new block: 32
- P2P Port: 8101
- RPC Port: 8100