Emirates is a cryptocurrency that was created in 2017 by the Emirates Blockchain Platform, an open-source blockchain platform developed to provide individuals and organizations with access to secure digital asset transfer services. The coin uses a proof-of-stake (PoS) consensus algorithm, which means it rewards holders who hold coins for longer periods of time through staking. This makes it attractive for investors looking for long term investments as well as day traders seeking quick profits from market fluctuations.
The Emirati currency has seen some success since its inception and currently ranks among the top 100 cryptocurrencies according to CoinMarketCap. It solves several problems related to traditional banking systems such as expensive fees and slow transaction times, making it ideal for international payments or transfers between different countries without worrying about exchange rates or high fees charged by banks on cross border transactions. Moreover, users can benefit from low commission charges when trading this coin on exchanges compared to other popular coins like Bitcoin or Ethereum due to its relatively low popularity level so far.
In addition, Emirates stands out due its network scalability thanks to side chains implementation allowing them faster processing speeds while keeping costs down; they also offer mobile wallet solutions enabling users easy access their funds anytime anywhere throughout the world securely using their smartphones/tablets instead of needing special hardware wallets like LedgerNano S or Trezor One which are typically required with other cryptocurrencies including Bitcoin and Ethereum.. Finally this currency is backed up by government entities located in Dubai providing further security than most other altcoins available today – something many people appreciate given recent news about various crypto hacks affecting millions of dollars worth of tokens being stolen across multiple platforms around the globe over last few years .
Overall Emirates provides great opportunities not only because of fast reliable transactions but also thanks innovative technologies used within their ecosystem along with backing from local governing bodies ensuring peace mind when investing into this project .
