The Bitfury Group and First Block Capital announced they have invested in Emercoin and will support the provider of blockchain solutions and services for customers around the world.
The decision to support and invest in the Emercoin Blockchain will enable Bitfury to expand the scope of future applications it designs.
“Bitfury is a big fan of Emercoin technology, which offers great potential for proof of work and proof of stake mining,” said Valery Vavilov, CEO of the Bitfury Group. “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,” Bitfury’s CEO Valery Vavilov said in a statement.
Emercoin is a cryptocurrency and decentralized blockchain platform for a wide range of distributed trusted services. Distinctive features of Emercoin are high reliability, robustness and three-in-one hybrid mining (PoW+MergedMining+PoS).
The Emercoin platform already runs network security services EmerSSL/EmerSSH, decentralized domain system EmerDNS, counterfeit solution EmerDPO, VOIP solution ENUMER, to name the few. Back in March 2017, Emercoin released EMC DPO, a web app making the blockchain-based system of precise proof of ownership more convenient and simple.