$0.00002638
-0.37%
$0.00002600
24h Range
$0.00002785
Market Cap
$523,028,922.5
Fully Diluted Valuation
$554,001,349.3
24 Hour Trading Vol
$30,270,974.7
Circulating Supply
19,825,957,797,583.0
Total Supply
19,825,957,797,583.0
Max Supply
21,000,000,000,000.0
eCash Price
$0.00002638
24h Range
$0.00002600 - $0.00002785
Percent Change 1h
-1.22%
Percent Change 24h
-0.37%
Percent Change 7d
0.53%
All-time high
$0.000380
All-time low
$0.00001847
1D
7D
1M
1Y
All
eCash (XEC) is a decentralized digital currency that aims to create a more efficient and scalable payment network. Initially launched as Bitcoin Cash ABC (BCHA) in 2020, eCash rebranded in 2021 to emphasize its focus on becoming a digital cash system. The primary goal of eCash is to facilitate fast, low-cost transactions globally, making it accessible for everyday use. It utilizes a proof-of-stake consensus mechanism and is designed to support smart contracts, enhancing its functionality beyond simple peer-to-peer transactions.
The founders of eCash include a team of developers who were originally part of the Bitcoin Cash community. Notably, Amaury Séchet is one of the prominent figures associated with the project, having played a significant role in the development and direction of eCash. The project also benefits from contributions by various developers and community members committed to improving its ecosystem and utility in the digital finance space.
eCash operates on a unique proof-of-stake consensus mechanism that allows users to validate transactions without the energy-intensive mining process used by many traditional cryptocurrencies. This mechanism enhances the speed and efficiency of transactions while reducing environmental impact. eCash transactions are recorded on a distributed ledger known as the blockchain, which ensures transparency and security. The protocol utilizes a system of "staked" coins, allowing participants to earn rewards for validating transactions and maintaining network security.
When a user initiates a transaction, it is broadcast to the network and grouped into a block. Validators, who stake their eCash, confirm the transactions within the block, which is then added to the blockchain. This process is designed to be quick, with transaction confirmations typically occurring within seconds, making it suitable for everyday transactions.
eCash also supports smart contracts, allowing developers to create decentralized applications (dApps) that can operate on its blockchain. This functionality expands eCash's use beyond simple transactions, enabling a variety of financial services and applications.
eCash has several promising use cases that align with its goal of being a practical digital cash system:
To ensure the security of your eCash holdings, consider the following best practices:
By following these practices, users can significantly reduce the risk of losing their eCash and enhance their overall security in the cryptocurrency space.
Investing in eCash (XEC) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy eCash: Once your account is funded, you can purchase eCash directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in eCash using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
eCash (XEC) is currently trading at $0.00002638 and exhibits good potential for future growth. Check the latest eCash (XEC) price prediction.
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