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eCash XEC Price

$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

Info

XEC Price Statistics

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

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About eCash

What is eCash (XEC)?

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.

Who are the Founders of eCash?

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.

How does eCash Work?

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.

Transaction Process

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.

Smart Contracts

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.

Top Use Cases of eCash

eCash has several promising use cases that align with its goal of being a practical digital cash system:

  • Peer-to-Peer Transactions: eCash facilitates direct transfers between users, enabling quick and low-cost transactions, ideal for everyday purchases.
  • Remittances: Cross-border payments can be made more affordable and faster compared to traditional banking systems, making eCash a valuable option for remittances.
  • Micropayments: With low transaction fees, eCash is suitable for micropayments, allowing users to pay small amounts for digital goods and services.
  • Decentralized Finance (DeFi): eCash's smart contract capabilities enable the creation of DeFi applications, such as lending platforms and decentralized exchanges.
  • Merchant Payments: Businesses can integrate eCash into their payment systems, offering customers an additional payment option that is fast and economical.

How to Keep your eCash Safe?

To ensure the security of your eCash holdings, consider the following best practices:

  • Use a Hardware Wallet: Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking attempts.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your eCash wallet and exchange accounts to add an extra layer of security.
  • Keep Software Updated: Regularly update your wallet software and any associated applications to protect against vulnerabilities.
  • Be Wary of Phishing Attacks: Always verify website URLs and avoid clicking on suspicious links that could lead to phishing attempts.
  • Backup Your Wallet: Regularly back up your wallet and store the backup in a secure location to prevent loss of funds in case of device failure.

By following these practices, users can significantly reduce the risk of losing their eCash and enhance their overall security in the cryptocurrency space.

How to Invest in eCash (XEC)?

Investing in eCash (XEC) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy eCash: Once your account is funded, you can purchase eCash directly from the exchange. Choose the desired amount and complete the transaction.

Investing in eCash (XEC) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in eCash using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for eCash (XEC) in the Long Term?

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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