LiteCoin was the basis for the open source cryptocurrency project Emerald, and it relies on the same proof of work (POW) algorithm to address the problem of double spending through distributed trustless consensus. Emerald has its own seed nodes so that it synchronizes with the correct blockchain. Emerald’s block time is 20 seconds which means that transactions on its block chain can be confirmed continuously. After each block has been mined a recalibration of mining difficulty as provided by the Dark Gravity Wave 3 algorithm. It’s now known as Emerald Crypto, so do bear that in mind when you buy emerald using Transcrypt. If you buy emerald using Transcrypt you’ll benefit from a modern digital currency with an enthusiastic user community and a promising future.