Emblem (EMB) has seen a spike of 32% over the past seven days.
Overline Emblem (EMB) is a cryptocurrency designed to improve cross-chain operability by connecting all blockchains to DeFi models to allow users to connect and send transactions more efficiently.
The platform features no validators and is powered by decentralised mining without the use of oracles or centralised validators.
The token has impressed traders recently with a 29% price rise over the last two weeks to recover some of the lost ground in the crypto market crash some weeks ago.
Where to buy Emblem?
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
How does EMB work?
Launched in 2018, Overline Emblem currently connects Bitcoin, Ethereum, Neo, WAV, LSK, USDT and DAI without using any validators or centralisation.
To achieve this, Overline uses a consensus mechanism called Proof-of-Distance, which they say builds upon Bitcoin’s Proof-of-Work.
This, the company behind the project claims, helps bring cryptocurrencies closer to Satoshi’s vision for Bitcoin: “peer-to-peer electronic cash system”.
As cryptocurrencies become more relevant and used, interoperability of different blockchains may be a vital step towards simplifying and refining the technology for day-to-day use of the technology.