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What is eCash (XEC)?

eCash basic info

Name:eCash
Ticker:
Introduction:

What is eCash?

eCash is a cryptocurrency designed to function as electronic cash for peer-to-peer transactions. It originated from a hard fork of the Bitcoin blockchain in November 2020, initially named Bitcoin Cash ABC. In July 2021, it was rebranded as eCash (XEC) to better align with its mission of becoming a fast, secure, and easy-to-use international payments service. The project aims to fulfill the vision of renowned economist Milton Friedman and is spearheaded by Amaury Sechet, a key contributor to the development of Bitcoin Cash.

Resources

Official Documents: https://www.bitcoinabc.org/doc/

Official Website: https://e.cash/

How Does eCash Work?

eCash operates on a multi-layered platform that allows developers to create smart contracts and decentralized apps (DApps). It incorporates an Ethereum Virtual Machine (EVM) subchain, making it compatible with Ethereum-based DApps. This compatibility enables developers to easily transfer their DApps to the eCash platform without reconfiguration.

The eCash network uses a Proof-of-Stake (PoS) consensus mechanism called "Avalanche," which is designed to be highly scalable and secure. The network also employs technologies like Canonical Transaction Ordering, Schnorr Signatures, and Merklix-Meta Tree to enhance scalability and transaction processing speed.

What is eCash Token (XEC)?

XEC is the native token of the eCash platform. It serves as a medium of value transfer within the network and is essential for staking and governance. The token was initially distributed as Bitcoin Cash ABC (BCHA) and later converted to XEC at a ratio of one to one million. This redenomination also simplified the decimal places, making transactions more user-friendly. For example, instead of sending 0.00001000 BTC, you would send 10 bits with eCash.

Which Factors Affect eCash Token (XEC) Price?

Several factors influence the price of the XEC token:

- Supply and Demand: Approximately 92% of XEC has already been issued, making new influxes into the market scarce. This scarcity could potentially curb inflation and affect the token's price.

- Staking: The staking mechanism allows users to earn rewards, thereby creating an incentive to hold XEC tokens, which could drive demand and price.

- Adoption and Utility: The token's compatibility with Ethereum's EVM and its use in decentralized finance (DeFi) applications can attract a broader user base, impacting its value.

- Market Sentiment: Like all cryptocurrencies, XEC is subject to market sentiment, which can be influenced by news, social media, and other external factors.

- Technological Developments: Any upgrades or new features added to the eCash platform can also influence the token's price.

eCash’s Impact on Finance

eCash is poised to make a transformative impact on the financial landscape by democratizing access to financial services, enhancing transaction privacy, and fostering innovation in decentralized finance (DeFi). Its low transaction fees and fast processing times make it an ideal solution for everyday use, potentially extending financial inclusion to underserved communities. The platform's privacy features offer a secure environment for transactions, while its compatibility with Ethereum-based applications opens new avenues for DeFi innovation. Additionally, its staking mechanism provides a stable and less risky investment alternative, making eCash a comprehensive financial solution for a digital age.

Conclusion

In conclusion, eCash is a comprehensive financial solution aiming to make transactions faster, cheaper, and more secure. With its unique features and strong community backing, eCash has the potential to play a significant role in the future of digital finance.

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Current price:
All-time high:$0.0005926
All-time low:$0.{4}1730

XEC supply and tokenomics

Circulating supply:19,782,254,000,000 XEC
Total supply:19,782,254,672,584 XEC
Max supply:21,000,000,000,000 XEC
Market cap:$755.37M
Fully diluted market cap:$801.87M

Links

Buy eCash for $1Buy XEC now

What is the development prospect and future value of XEC?

The market value of XEC currently stands at $755.37M, and its market ranking is #104. The value of XEC is widely recognized by the market. When the bull market comes, the market value of XEC will likely continue to increase.

Moreover, if XEC can play a greater role in practical applications, such as eCash builders fully leveraging the potential of XEC, partnering with more businesses, and increasing its user base, the long-term value of XEC will be significantly enhanced.

What will the price of XEC be in 2025?
Based on XEC's historical price performance prediction model, the price of XEC is projected to reach $0.{5}5330 in 2025.
What will the price of XEC be in 2030?
In 2030, the XEC price is expected to change by -10.00%. By the end of 2030, the XEC price is projected to reach $0.{5}9065, with a cumulative ROI of -74.59%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of XEC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is XEC worth investing or holding? How to buy XEC from a crypto exchange?

If you want to buy XEC, the following information may be helpful for your investment decisions:
In the last seven days, the price of XEC has risen by 18.78%, leading to positive returns for most XEC investors. The market is currently optimistic about the price trend of XEC.
It is important to note that the current price of XEC has retreated by -93.56% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether XEC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in XEC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of XEC, if you want to buy or sell XEC, you can consider Bitget for your trading needs. The best place to buy XEC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in eCash has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy eCash. Here's a step-by-step guide on how to buy eCash on Bitget.

How to get eCash through other methods?

Using cash to buy eCash is not the only way to obtain eCash. If you have the time to spare, you can get eCash for free.
Learn how to earn eCash for free through the Learn2Earn promotion.
Earn free eCash by inviting friends to join Bitget's Assist2Earn promotion.
Receive free eCash airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to eCash through Bitget Convert, Bitget Swap, or spot trading.

What is eCash used for and how to use eCash?

The use case of eCash may expand as the crypto market and the project itself develop. Currently, you can use XEC to achieve the following goals:
Arbitrage by trading XEC: Since XEC is a frequently traded cryptocurrency, the price of XEC is always fluctuating. Earn more XEC by buying low and selling high on the exchange. Bitget spot market provides a variety of XEC trading pairs to fully meet your needs.
Earn by staking XEC: You can also generate income through financial management methods such as staking XEC or lending XEC. Bitget Earn offers a variety of financial products designed to help you earn more income from your XEC.
Send or pay XEC: If you want to give XEC to your friends, a charity, or a fundraiser, or you want to pay someone with XEC, you can quickly and easily send XEC to the recipient through their payment address.
You can also go to the official website of the eCash project to learn more about the use cases of XEC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

eCash Wiki

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