[EMC] EMERCOIN — Blockchain Service Platform. PoS&PoW | BTC merge-mined

[cnupo]

Pow Difficulty 79,853,024,418.42

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[PremiumCodeX]

I have included this very nice EmerCoin platform in my scientific research. I like the communication about EmerCoin. It is like, it has the solutions for the most important questions of the world that blockchain technologies in general have to stand up to if they would like expand.

[BtcMan2009]

In general, I have been watching this coin. Like everything is fine. Another would be to send the price much at all to the moon, it would be very good.

[craslovell]

I have included this very nice EmerCoin platform in my scientific research. I like the communication about EmerCoin. It is like, it has the solutions for the most important questions of the world that blockchain technologies in general have to stand up to if they would like expand.

You're absolutely correct. Now we need more people to realize just how useful Emercoin can be!

[craslovell]

PoW difficulty is now a lofty 105,000,000,000 

[q327K091]

PoW difficulty is now a lofty 105,000,000,000  

that is beyond wonderful, also POS on the coin is performing phenomenal (once one has coins of course) passed recommendation on emer to others... thanks for the opportunity!

[tinoco]

Hi craslovell or any forum member,

Do you think that increasing PoW difficulty through merged mining will result in increasing the value of EMC?

If so, could you explain why would increasing PoW difficulty would result in increasing EMC's value?

Thanks!

[Emerger]

Hi craslovell or any forum member,

Do you think that increasing PoW difficulty through merged mining will result in increasing the value of EMC?

If so, could you explain why would increasing PoW difficulty would result in increasing EMC's value?

Thanks!

The move to merged mining increases the security of the EMC blockchain significantly. Before merged-mining anyone with a large amount of sha-256 hashpower could have attacked the EMC network (e.g. 51% attack), or just to get all the PoW rewards. I don't know if it will increase the price - but it improves the value I am sure others have thoughts.

[Fixx]

The move to merged mining increases the security of the EMC blockchain significantly. Before merged-mining anyone with a large amount of sha-256 hashpower could have attacked the EMC network (e.g. 51% attack), or just to get all the PoW rewards. I don't know if it will increase the price - but it improves the value I am sure others have thoughts.

Prior to launching the merged mining, 51% attack was impossible due to the peculiarities of PoS & Pow. But now, we can take the next steps for real decentralization, getting rid of some hereditary features of Peercoin.

[cnupo]

PoW Difficulty   144,949,346,783.54, the higest i think

[logictense]

I have included this very nice EmerCoin platform in my scientific research. I like the communication about EmerCoin. It is like, it has the solutions for the most important questions of the world that blockchain technologies in general have to stand up to if they would like expand.

Emer has been around for years and no one has ever possessed it traded it or knew who the founder were. Its not traded on traditional western exchanges and has nothing in common with communities dwelling on this forum, it has never been discussed and owned by a single human being. Perhaps emer has been waiting for someone like u to come up and make a post about it. Now back to sleep.

[tinoco]

Prior to launching the merged mining, 51% attack was impossible due to the peculiarities of PoS & Pow. But now, we can take the next steps for real decentralization, getting rid of some hereditary features of Peercoin.

Hi Fixx or any forum member,

What makes a 51% attack impossible due to the peculiarities of PoS & Pow? How does PoS & PoW hybridity protect the network from a 51% attack. Could you explain in detail the peculiarities of PoS & PoW that makes a 51% attack impossible?

Best regards!

[craslovell]

Prior to launching the merged mining, 51% attack was impossible due to the peculiarities of PoS & Pow. But now, we can take the next steps for real decentralization, getting rid of some hereditary features of Peercoin.

Hi Fixx or any forum member,

What makes a 51% attack impossible due to the peculiarities of PoS & Pow? How does PoS & PoW hybridity protect the network from a 51% attack. Could you explain in detail the peculiarities of PoS & PoW that makes a 51% attack impossible?

Best regards!

This is not a super detailed response but with PoW and PoS working in tandem it would essentially take someone having a minimum of both 51% of the network hashpower and at least 51% of the total coin supply in their posession.

This makes a 51% attack on Emercoin a self destructive move by the attacker since they would simultaneously be damaging the network and devaluing their own massive coin holdings.

In summary technically it was possible before merged mining but it would have been a fruitless move that required spending a large sum of money to perform. Only someone with several millions dollars to waste and a serious grudge against the Emer blockchain would have had the means to do it.

[Emerger]

This makes a 51% attack on Emercoin a self destructive move by the attacker since they would simultaneously be damaging the network and devaluing their own massive coin holdings.

I thought the "not a super detailed response" explanation by craslovell was excellent

Merge mining allows Bitcoin miners to simultaneously mine Emercoin with their mining equipment. So a 51% attacker now needs to control 51% of much larger hashing power, whereas before they would only need to control 51% of the hashing power that had been dedicated only to Emercoin. And on top of it, an attacker also needs to own a huge amount of emc, due to Proof-of-Stake.

So, the combination of Proof-of-Stake with merged mined PoW should make EMC blockchain very difficult to reverse with the conventional 51% type of blockchain attacks.

[Emerger]

But now, we can take the next steps for real decentralization, getting rid of some hereditary features of Peercoin.

@Fixx What hereditary features of Peercoin can EMC now remove for more decentralization? Thanks for your answer!

[tinoco]

Hi @Fixx, @Emerger, and @craslovell,

Thanks for your responses!

Best regards!

[PremiumCodeX]

I thought the "not a super detailed response" explanation by craslovell was excellent

Merge mining allows Bitcoin miners to simultaneously mine Emercoin with their mining equipment. So a 51% attacker now needs to control 51% of much larger hashing power, whereas before they would only need to control 51% of the hashing power that had been dedicated only to Emercoin. And on top of it, an attacker also needs to own a huge amount of emc, due to Proof-of-Stake.

So, the combination of Proof-of-Stake with merged mined PoW should make EMC blockchain very difficult to reverse with the conventional 51% type of blockchain attacks.

I like how it builds up in regards to security. Blockchain technologies are secure by design, but "secure" should develop with the technological development. I think, EMC is ahead of the current situation. That is why it could explode to the moon when environment gets mature enough to adapt it.

[cnupo]

PoW Difficulty   160,540,093,589

[craslovell]

I thought the "not a super detailed response" explanation by craslovell was excellent

Merge mining allows Bitcoin miners to simultaneously mine Emercoin with their mining equipment. So a 51% attacker now needs to control 51% of much larger hashing power, whereas before they would only need to control 51% of the hashing power that had been dedicated only to Emercoin. And on top of it, an attacker also needs to own a huge amount of emc, due to Proof-of-Stake.

So, the combination of Proof-of-Stake with merged mined PoW should make EMC blockchain very difficult to reverse with the conventional 51% type of blockchain attacks.

I like how it builds up in regards to security. Blockchain technologies are secure by design, but "secure" should develop with the technological development. I think, EMC is ahead of the current situation. That is why it could explode to the moon when environment gets mature enough to adapt it.

The technology is already here on the Emer blockchain. Now with a little luck perhaps Poloniex will consider the addition of an EMC/BTC market after their announcement of 17 other coin markets being dropped.

This is something fans/users of Emercoin have been requesting for a long time. It is not a necessity since there are several other reliable exchanges to trade Emercoin however I'm sure it would be warmly received by the public.

[Alec40Gr]

hi, is there a bootstrap file of the blockchain so i don't have to sync from scratch ?