DeNet is going to implement the EmerCoin payment system which relieves transactions speed and number limits
DeNet will be the first company to implement RandPay’s micropayment system to its services. For the first time ever, an unlimited number of transactions on a decentralized Network, will be possible.
So far, the number of payments on the Bitcoin network is limited to 7 transactions per second and 16+ transactions on Ethereum network. Transaction times could grow depending on how many requests there are and can range from a few minutes to a few hours.
«RandPay makes blockchain transactions faster, relieves its number limits and reduces fees — said Emercoin CTO Oleg Khovayko. — Also, RandPay is simple to integrate and is very secure».
DeNet is working on developing an alternative decentralized storage service and has already submitted an alpha-version of decentralized static hosting and a pre-beta version of the secure data service DeNet.Storage. DeNet rents free capacities from users all over the world, and allows those users to earn money by leasing.
«Implementing RandPay in DeNet services enables payment for each capacity unit. Meeting with Emercoin co-founder Stan Polozov pushed us to conclude a partnership with the company. Emercoin has technology, we have services where we can implement this technology», — said DeNet CO-founder and CTO Denis Shelestov.
In the future, technology will allow for the verification of files and the deployment of full hosting for different services, whose business model involves distributed storage of data.
DeNet will accelerate network scaling and Emercoin is going to make its ecosystem a valuable member of the new market.
About DeNet:
DeNet — is an international provider company that is developing a blockchain based platform, which unites computers and servers all over the world into a network to provide decentralized web hosting services, as well as safe and secure data storage and data processing. The company aims to create decentralized hosting and routing plans, DNS and other network elements from a centralized ownership, ensuring autonomy of the network. DeNet was one of the first to test its minimum viable product (alpha-version on public test since November 2017). Please visit https://denet.pro for more information.
About Emercoin
Emercoin is an emerging leader in secure, distributed blockchain business services. The interoperability of blockchain technologies provides us a holistic view that can effectively be used in both real and virtual world problems. And that’s exactly what Emercoin (EMC) is doing. Emercoin offers a wide range of services and solutions based on blockchain technology for many industries.
