Advertiser disclaimer
Advertiser disclaimer
XEC

eCash (XEC) Price Index

$ 0.000074 Ƀ 0.00000000
  • MarketCap
    $ 1,457,930,356
  • Volume
    $ 355,123,777
  • Change
    70.26%
ecasheCash
$ 0.000074
$ 0.000074
70.26%
0,000069
XEC
eCash (XEC)
$ 0.000074
XEC
eCash (XEC)

Overview: What is eCash (XEC)?

Originating from the Bitcoin and Bitcoin Cash (BCH) blockchains, eCash underwent a significant rebranding in July 2021, pivoting from its previous identity as Bitcoin Cash ABC (BCHA).  eCash (XEC) is the native coin of the eCash blockchain. The goal of eCash is to realize Bitcoin’s original vision of a cryptocurrency that can be used as digital cash for rapid, borderless, decentralized payments. Former Facebook engineer Amaury Sechet leads the project. Other cryptocurrencies can be built on the eCash blockchain, and the developers are working towards compatibility with Ethereum’s network and Ethereum virtual machine (EVM). The team behind eCash has several core missions for the network, which include anonymous transactions and immutability, lower transaction costs, and globally secure transactions processed in under three seconds.

 

What Makes eCash (XEC) Coin Unique?

When eCash (XEC) rebranded in 2021, it became the first Bitcoin-based network to offer staking and fork-free network upgrades and subchains. The relaunch also saw the network upgrade by adding the consensus algorithm “Avalanche” to reduce transaction times to under a second.

What is eCash (XEC) Used For?

eCash is used as digital cash and a censorship-resistant electronic cash system aligned with Bitcoin’s original goals. Its planned addition of EVM will also allow dApps to run with the eCash network. eCash (XEC) is used to pay for smart contract execution and eCash network fees and is also bought, sold, and traded as an asset.

How Does eCash Work?

The multi-layered eCash network combines a privacy-focused blockchain and an EVM subchain designed to support DApps and smart contracts. The eCash protocol allows anyone to build crypto tokens.

 

eCash has a staking system using the Avalanche algorithm for proof-of-stake (PoS). Participants can join and run a full node with a minimum stake of 100 million XEC. Staking with eCash is non-custodial, and participants don’t have to transfer or lock up funds.

How Is the eCash Network Secured?

The eCash network is secured through a hybrid proof-of-work (PoW) and Avalanch PoS consensus, which aims to combine speed, security, decentralization, and its censorship-resistant digital value transfer system. eCash shares some features of Bitcoin’s reputed security, but PoS means network validators don’t need mining systems.

How is the Price of eCash (XEC) Determined?

XEC price is primarily influenced by supply and demand. It’s also affected by its utility in eCash and cryptocurrency ecosystem players’ patronage of the eCash network.

The following factors determine the price of eCash (XEC):

  • Supply, demand, and scarcity
  • Liquidity
  • XEC market sentiment
  • Wider cryptocurrency market sentiment
  • eCash blockchain performance and adoption
  • Competing cryptocurrencies and blockchains

What is the eCash (XEC) Coin Price Prediction for 2030?

It’s almost impossible to accurately predict the future price of cryptocurrencies, but there are numerous XEC coin price predictions for 2030. Binance predicts that XEC could reach $0.000045 by 2030, and CoinMarketCap suggests $0.000487 in a more favorable market.

Where Can You Buy eCash (XEC)?

XEC is widely traded and available on major cryptocurrency exchanges, including Binance, KuCoin, Bithumb, OKX, and HTX. It’s also available on the decentralized exchange Uniswap.

How Can You Store XEC?

Numerous hot or online wallets, including Cashtab, ElectrumABC, Stack, and ViaWallet support eCash. Hardware wallets are a more secure crypto storage option, and eCash recommends Satochip, D’CENT, and Ballet.

FAQs

Is eCash (XEC) a good investment?

Investors will decide if eCash (XEC) is a good investment based on thorough research of the cryptocurrency and its ecosystem, its competitors, and the cryptocurrency market as a whole. eCash (XEC) can also be researched alongside related projects such as Bitcoin Cash (BCH) and Bitcoin SV (BSV). As cryptocurrencies can be incredibly volatile and high-risk, investors must be vigilant of their risk tolerance and only invest what they can afford to lose.

What is the concept of eCash?

The concept of eCash (XEC) is to be digital cash or digital money, much like the original aspiration of Bitcoin (BTC). The project leader, Amaury Séchet, was also the lead developer of Bitcoin Cash (BCH) before the hard fork that created eCash (XEC).

Does XEC have a future?

The future of eCash (XEC) is difficult to predict. Like other cryptocurrencies, the XEC price is volatile. XEC has utility in the eCash platform and is also a traded cryptocurrency. The future of XEC will be affected by the overall success of the eCash project.

What are the disadvantages of eCash?

The eCash project seeks to answer many of the goals of cryptocurrency, such as fast, safe, secure, decentralized, and censorship-free digital transfers of value. The project has seen recent upgrades and innovations but competes with many other coins and networks seeking wider adoption. There is limited awareness of eCash and some concerns that the project needs a detailed whitepaper and transparency of its development team.

 

What is the major drawback of eCash?

Although eCash is exploring several innovations to become a simple and fast payment service and blockchain network, it has many competitors.  There is limited awareness of eCash by investors, and the project appears to need a detailed whitepaper or share more information about its development team.

 

What blockchain does eCash use?

eCash has its own blockchain with the native coin eCash (XEC). eCash originates from a fork in the Bitcoin (BTC) blockchain in 2017 that created Bitcoin Cash (BCH). Then, in 2018, Bitcoin Cash forked, creating Bitcoin SV (BSV). Bitcoin Cash was forked again in 2020, creating Bitcoin Cash ABC (BCHA), now eCash (XEC).

 

Is eCash listed on Binance?

Yes, eCash (XEC) is listed on Binance and KuCoin, Bithumb, OTX, HTX, and other major exchanges. It’s also available on the decentralized exchange Uniswap.

bitcoinBitcoin
$ 68,024.23
$ 68,024.23
6.81%
ethereumEthereum
$ 3,723.58
$ 3,723.58
6.82%
tetherTether
$ 1.00
$ 1.00
0.03%
usd-coinUSDC
$ 1.00
$ 1.00
0.01%
cardanoCardano
$ 0.771149
$ 0.771149
2.57%
binance-usdBUSD
$ 1.01
$ 1.01
0.53%