ChronoBank Partners with Emercoin, Crowdfund Now Accepting EMC

ChronoBank, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based initiative aimed at disrupting the short-term recruitment sector, has announced a partnership with cryptocurrency platform Emercoin (EMC) across several areas of shared interest. Additionally, Emercoin will consult with ChronoBank concerning advanced financial instruments.

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Emercoin was launched in late 2013. It offers a blockchain platform for different services, including an alternative domain name system, a distributed torrent tracker and a number of other applications.

"ChronoBank recognises the contribution that Emercoin is making to the blockchain infrastructure that will in future underpin many varied applications, and looks forward to leveraging that knowledge and capability for our own business," commented Sergei Sergienko, CEO of ChronoBank.

ChronoBank is now also accepting the EMC currency as part of its crowdfund, with the stated intention of holding it on a long-term basis and working together to bring greater value to it. "EmerCoin’s team is very happy to see a company as serious as Chronobank evaluating our technologies and deciding to implement so many of them at once," says lead developer Oleg Khovaiko. 'We have always intended this kind of application – many business-ready services integrated on a single blockchain. We expect that the use of these technologies and services by Chronobank will increase the security and usability of their service."

ChronoBank will be working with three separate elements of the Emercoin platform: emcSSL, a scalable infrastructure for passwordless authorisation of web services where certificates are created locally, with the blockchain acting as a decentralised trust store for hash sums; emcSSH, which provides a Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term between OpenSSH and the Emercoin blockchain, allowing for secure and decentralised management of public key infrastructure (PKI); and emcDNS, a service that enables the storage of universal name-value pairs on the blockchain, in broadly the same way that NameCoin does (though without the specialisation on .bit extensions).

"Working with Emercoin to implement and further this suite of blockchain-based technologies will put ChronoBank in a very strong position to decentralise our infrastructure and provision of our services to the greatest extent appropriate – with benefits for up-time, security and confidence," added Sergienko.