Post
Topic
Board Announcements (Altcoins)
Re: [EMC] EmerCoin — Innovative blockchain services! ( PoW&PoS - SHA-256)
by
PremiumCodeX
on 15/04/2017, 16:06:53 UTC
I thought the "not a super detailed response" explanation by craslovell was excellent Smiley

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.