Price of eCash (XEC) today
As of the latest data, eCash (XEC) is currently priced at $0.00005176 with a market capitalization of $1.02B. The 24-hour trading volume stands at $17.06M, The circulating supply of eCash is approximately 19.69T. The cryptocurrency has seen a 0.43% increase in value over the past 24 hours.
Best eCash (XEC) Prices
About eCash (XEC)
eCash, with the symbol XEC, is a cryptocurrency developed by the creators of Bitcoin Cash. It integrates a PoS consensus layer called "Avalanche" to enhance security, enable instant transaction confirmations, and facilitate network upgrades. The platform aims to redefine wealth by providing global electronic cash as an alternative payment method.
eCash combines the strong features of Bitcoin with a proof-of-stake protocol to address scalability issues. The project's roadmap includes features like Canonical Transaction Ordering and Schnorr Signatures to achieve scalable block processing and batched signature validation. The team plans to make eCash EVM compatible and interoperable with the DeFi sector on Ethereum.
Users can make secure transactions within seconds using eCash, with technologies like CashAddr and Stighash ensuring simplicity and safety. The platform operates on its own blockchain, with a limited supply of XEC to minimize inflation risks. eCash can be mined or purchased on various exchanges, and stored in wallets like ElectrumABC and ViaWallet.
Lead developer Amaury Sechet, known for his work on Bitcoin Cash, spearheads the eCash project. The platform offers a fast and secure payment method for cross-border transactions, promoting mass adoption through features like bits for small payments. With a focus on user incentives and community rewards, eCash strives to establish itself as a valuable cryptocurrency in the digital payment landscape.
How does eCash work?
eCash (XEC) operates as a decentralized digital currency that enables peer-to-peer transactions without the need for intermediaries like banks or payment processors. It is built on blockchain technology, which ensures transparency, security, and immutability of transactions. eCash uses a consensus mechanism known as Proof of Stake, where users can earn rewards by staking their coins to validate transactions on the network. One of its unique features is its privacy-focused design, allowing users to send and receive funds anonymously. eCash can be used for a wide range of applications, including online purchases, remittances, and cross-border payments, offering a fast, secure, and cost-effective alternative to traditional financial systems. Its versatility and potential for use in various industries make it a promising digital currency for the future.
How to keep your eCash (XEC) safe?
To keep your eCash (XEC) safe, consider using hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like OKX and Binance offer advanced security measures such as two-factor authentication and encryption to protect your eCash. By utilizing these tools and platforms, you can ensure the safety of your digital assets and have peace of mind knowing your funds are secure.