Bitfury, hardware and software manufacturer for the operation and management of Blockchain, announced a strategic investment in Emercoin. The investment is in partnership with First Block Capital, the Canadian firm of cryptographic investment.

The Emercoin platform combines proof of work, evidence of participation and merged operation into a hybrid Bitfury model that thinks it will produce greater flexibility than other Blockchain systems. According to Valery Vavilov, CEO of Bitfury Group:

"Bitfury is a big fan of Emercoin technology, which offers great potential for proof of work and evidence of mining. In the coming months, we will develop creative ways to use this new technology, which offers both flexibility and security, to launch new pilot projects that solve complex problems for governments, businesses, institutions and individuals around the world. "

Part of the investment agreement includes the creation of a new advisory board for Emercoin, which includes investor KiteVC Bill Tai, member of Bitfury's board of directors, and George Kikvadze, executive vice president of Bitfury

Request for material

Bitfury's hardware offerings include a 16nm ASIC chip designed for r more energy efficient mining operations. The chip offers a hash speed of 100GH / s, making it one of the fastest, while only using 0.1J / GH power.

Demand for Bitfury products has completely exhausted the company. Minors interested in the material can complete an online form to be able to purchase the equipment when it becomes available.

Emercoin Platform

The Emercoin platform offers a number of features that the Bitfury team believes increase adoption. These include anti-counterfeiting and domain name services, as well as decentralized advertising and digital time stamping.

Emercoin has seen a substantial increase in volume, interest in the platform continues to grow. Currently ranked 118th among cryptocurrencies with a market capitalization of $ 262 billion, the coin has increased its price from $ 1.35 on December 18th to a high of $ 7.88 on January 11th.

<img alt=" Emercoin "src =" https: //cointelegraph.com/storage/uploads/view/8a7cbf64f0aae93d305c0923ce3ec574.png"/>

At the time of the press, the price had fallen from highest to $ 6.44

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