Ecash Coin: A Smart Investment Decision?

eCash (XEC) is a cryptocurrency based on the Bitcoin Cash ABC network. It was rebranded in July 2021 and has since generated a lot of buzz within the crypto space. eCash has a fixed supply of 21 trillion coins and its current price is $0.000224. The crypto asset has seen significant gains in value and mainstream token acceptance. eCash has a strong following on Twitter and is available on many top crypto exchanges. Its price projections are unpredictable, but it has the potential to be a good investment option.

eCash's rebranding and milestones

ECash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), which is itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). The rebrand was announced on 1 July 2021, with the new name dubbed eCash. The token changed from BCHA to XEC, with a conversion rate of one million BCHA to one XEC.

The eCash blockchain network is based on Proof-of-Stake (PoS), which allows users to stake their coins with rewards of up to 400% APY. The network also features a consensus layer called "Avalanche", which is not to be confused with the blockchain Avalanche (AVAX). Avalanche enables instant transactions, enhanced security, subnets, staking rewards, and fork-free upgrades.

ECash's developers have set their sights on three main improvements: scaling transaction throughput, improving the payment experience, and establishing fork-free upgrades. The cryptocurrency aims to support Ethereum Virtual Machine (EVM) compatibility and to be interoperable with the decentralised finance (DeFi) sector on Ethereum (ETH).

Since its rebrand, eCash has achieved several milestones. The coin launch has been profitable, with a price appreciation of +1800% since November 15, 2020, when it split from Bitcoin Cash, and +550% since the rebrand in July 2021. eCash is now listed on over 30 exchanges, including Binance, Huobi, and Coinex. The development team has also made progress on the eCash technical roadmap, with over 1900 commits to the code repository in the last year.

In September 2022, eCash achieved further milestones, including the activation of the eCash network upgrade, the release of Bitcoin ABC Node Software versions 0.26.0, 0.26.1, and 0.26.2, and the launch of the eCash Avalanche Staking Tutorial.

eCash's fixed supply and low inflation

ECash (XEC) is a digital currency that was developed after a hard fork of the Bitcoin Cash blockchain. It is a rebranded version of Bitcoin Cash ABC (BCHA), which itself is a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). The rebranding of eCash involved a conversion of all BCHA coins to XEC at a ratio of one to one million.

ECash has a fixed supply of 21 trillion XEC, with a market cap of $755.36 million. Its key features include its low inflation characteristics, faster transactions, enhanced safety and privacy, and fork-free upgrades. The move to a Proof-of-Stake consensus layer called "Avalanche" allows holders of XEC coins to stake their tokens and earn rewards, increasing transaction speed and enabling compatibility with the Ethereum Virtual Machine (EVM).

The eCash project has been endorsed and partnered with several leading crypto exchanges, including Binance, Huobi Global, Mandala, Upbit, and Okex. The eCash token has also been adopted as a payment option by Weownomy, a new social network company in the USA. These endorsements and partnerships have contributed to the mainstream acceptance of the eCash token among crypto traders and enthusiasts.

The eCash development team has made significant progress on its technical roadmap, with over 1900 commits to the code repository in the last year. They have also improved the convenience and usability of the eCash wallets, making it more user-friendly.

In summary, eCash's fixed supply of 21 trillion XEC and low inflation characteristics make it a promising investment opportunity. The endorsements, partnerships, and technical advancements of the eCash project have contributed to its mainstream acceptance and potential for future growth. However, as with any cryptocurrency investment, it is important to conduct thorough research and due diligence before making any investment decisions.

eCash's Avalanche consensus algorithm

ECash is a digital currency that was developed after a hard fork of the Bitcoin Cash blockchain. The eCash network leverages Avalanche technology protocol in its consensus algorithm. Avalanche is a revolutionary consensus algorithm integrated with eCash's core Proof-of-Work, enabling instant transactions, enhanced security, subnets, staking rewards for node operators and fork-free upgrades.

The Avalanche consensus algorithm allows eCash to provide faster transactions than Bitcoin in less than 3 seconds, enhance safety and privacy during the entire process, and deliver fork-free upgrades to maintain coin and ecosystem stability.

The Avalanche Post-Consensus on the eCash Mainnet brings tangible benefits for eCash miners, exchanges, and everyday users. One of the main advantages is 51% attack prevention, which is especially important for miners. Since eCash is a minority chain that shares the same SHA256 mining algorithm as Bitcoin (BTC), it is more susceptible to attacks by malicious non-economically motivated attackers who could attempt a blockchain reorganization. While the network as a whole can recover from such an attack, it would be highly disruptive for miners, potentially resulting in lost blocks and financial losses.

Avalanche Post-Consensus solves this issue by allowing nodes to come to a consensus and "finalize" the blocks they see on the network. This means that nodes can confirm that the blocks they see are also seen and accepted by the rest of the network. If conflicting blocks appear later, the Avalanche-using miners will reach a consensus to disregard these late-appearing blocks, thereby defending the network against block withholding and blockchain reorganization attacks.

Additionally, Avalanche Post-Consensus brings significant advantages for exchanges by introducing 1-block finality to eCash, enabling 1-confirmation deposits. This enhancement increases exchange security, improves customer satisfaction, and facilitates easier arbitrage for traders, leading to higher volume and liquidity on the exchange.

The eCash network upgrade to Avalanche Post-Consensus further enhances the peer-to-peer transfer experience, making it faster and more cash-like. With Avalanche, eCash strives to be the most usable, secure, and scalable form of electronic cash.

In summary, the integration of the Avalanche consensus algorithm into eCash's core Proof-of-Work brings numerous benefits, including improved transaction speed, enhanced security, and stability. These advantages contribute to eCash's goal of democratizing access to digital cash, providing a fast, secure, and stable medium of exchange for users worldwide.

eCash's endorsements and partnerships

ECash (XEC) is a digital currency that was developed after a hard fork of the Bitcoin Cash blockchain. eCash has been generating a lot of buzz within the crypto space, resulting in significant gains in value and mainstream token acceptance. The digital currency has been endorsed by Weownomy, a new social network company located in Delaware, USA, which aims to provide a social media platform that rewards users for joining. Weownomy has adopted the eCash token as a payment option to pay content creators on its platform.

ECash is also endorsed by popular crypto exchanges like Binance, Huobi Global, Mandala, Upbit, and Okex. The cryptocurrency has a market cap worth over $3 billion, placing it among the top 50 digital currencies in the world. eCash has a fixed supply of 21 trillion XEC, with a current circulating supply of over $18.7 trillion. The current price of eCash is $0.000224, with a +75.7% expected profit, bringing the price to $0.000393.

ECash has implemented several upgrades to improve the overall quality of its network. The digital asset uses a 1 TB block size for transactions and plans to move to a Proof-of-Stake consensus layer called "Avalanche," allowing holders of XEC coins to stake their tokens to earn rewards. This upgrade will increase transaction speed and allow the eCash project to access the DeFi ecosystem and the Ethereum Virtual Machine (EVM).

The eCash team is pleased to share its big roadmap update with users, which includes a new logo, ticker symbol, and top exchanges to trade and invest in. This is a huge leap forward in their vision of a more financially accessible and digitally involved world.

eCash's price predictions

ECash (XEC) is a cryptocurrency based on the Bitcoin Cash ABC network. It was rebranded from Bitcoin Cash ABC (BCHA) in July 2021, with its value redenominated to 1:100000. eCash has a fixed supply of 21 trillion XEC, which is capped at 21 trillion coins, with a current circulating supply of over $18.7 trillion.

ECash's price has been volatile since its launch in July 2020. It started trading at $0.00002 and reached $0.00008 in August of that year. On September 4, 2020, the XEC’s value increased significantly, hitting its record value of $0.0004 per token. Since then, it has been trading in the $0.0002–$0.0003 zone, which is considered a good price for such a young coin.

As of June 2024, the current price of eCash is $0.0000469 USD, with a 24-hour change rank of 50/100. Based on forecasts, the price is expected to go up to $0.0000517 USD in one year, with a potential profit of +75.7%.

Longer-term predictions suggest that a $100 investment today could be worth $170.36 by June 2029, with the price of eCash predicted to be $0.0000799 USD.

Frequently asked questions