Emercoin announces decentralization of their blockchain with embedded exchange

It was recently announced from the developers of digital cryptocurrency Emercoin (EMC) in the version released on April 26th, an embedded cryptocurrency exchange has been added and the final remnants of centralization have ceased operation.

These were the centralized alerts and compulsory dynamic checkpoints passed on to Emercoin as an inheritance from Peercoin. The code was used during the initial development of the Emercoin blockchain.

Users can make transfers directly from your wallet Bitcoin, Litecoin, Ethereum, Dash, Monero, Namecoin, Peercoin, and Blackcoin addresses.

The exchange is carried out through the online-exchanger CoinReform. The developers said if there turns out to be a high demand for this option they will expand both the number of currencies available for exchange and the list of exchangers.

In Version 6.2 Emercoin users have the opportunity to choose: to keep alerts turned on; to create a public key independently for a third party, who they trust; or to switch off alerts as a matter of principle.

It’s now possible to manage settings for the dynamic checkpoints. This subsystem, designed to protect the network from some attacks specific to PoS, was also inherited by Emercoin from Peercoin. Now they continue to fulfill the same function.

However as the PoW difficulty of the Emercoin network has reached half that of the difficulty of the Bitcoin network, their role is significantly reduced. Therefore users can now decline “the developers’ inescapable checkpoints”, and use a checkpoint source that they personally trust, or switch them off altogether.

Evgenii Shumilov, founder and CEO of Emercoin said:

“We have crossed the Rubicon, getting rid of the last instruments which affect the health of the Emercoin network. Whether this was the right step or a mistake — only time will tell. We are guided by the ideals and principles which Satoshi impressed on us and which we share. We are in favor of decentralization.”

Emercoin was recently added to the Red Hat corporate catalog of certified programs.

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