eCash (XEC) is one of the fastest-growing cryptocurrencies. This digital asset is based on Bitcoin, which has low inflation, offering stacking rewards without the significant transaction fees traditional of Ethereum stacking.
Rebranding Bitcoin ABC into eCash XEC
eCash is a rebranded cryptocurrency that was first called Bitcoin ABC (BCHA). This digital asset is an extension of the Bitcoin Cash crypto project and continues to be developed by the Bitcoin ABC team, which launched this project back in 2017.
Amory Sechet relaunched Bitcoin ABC as eCash in mid-summer 2021. The updated coin introduces the Avalanche consensus layer, introducing concepts not previously used in BTC, including stacking, network updates without forks, and subchains.
The primary unit is now bits (2 decimal places) instead of BCHA (8 decimal places).
Now 1 BCHA corresponds to 1,000,000 XEC crypto coins.
But before that, Bitcoin ABC was launched on November 15, 2020, as a result of a hard fork in the Bitcoin Cash BCH crypto blockchain, which split the primary chain into two new separate ones. The community split came after the Bitcoin ABC team proposed restructuring the miners' remuneration distribution scheme and directing the 8% payout for all mined blocks to a development fund to finance the network.
How eCash Crypto Project Has Changed?
The new cryptocurrency will run on an improved Avalanche consensus algorithm. This proof-of-stake layer decreases transaction confirmation period to a second, making transactions completely secure and almost instant. This modern technology is expected to bring technically robust, decentralized control to the eCash protocol.
Now Bitcoin ABC is a node implementation of the XEC protocol. The primary goal of its developers is to provide a stable software and environment for eCash and lead protocol development to create global digital money.
One more advantage is that eCash uses the CashFusion protocol. It provides anonymity comparable to the top privacy cryptocurrencies while maintaining an auditable supply cap.
How To Mine eCash Coin?
The XEC coin can be mined the same way as Bitcoin ABC. But there are also a few changes in this process if you compare it to Bitcoin Cash. First, here's an advanced algorithm called Aserti3--2d, and a rule that 8% of recently minted Bitcoin ABC tokens be used for financing the further updates of this cryptocurrency project. The second update, also called the "coinbase rule," was the main contributor to the fork.
XEC Crypto Future Plans
Since this project is based on well-known Bitcoin Cash ABC, there’s already a lot done for achieving high results. Its developers have added a batched signature validation, hardware wallet security, and added many features for more extensibility and usability.
But the project keeps growing. According to the roadmap, the team is now working on Avalanche Post-consensus for increased security and CashFusion for achieving opt-in privacy. Project developers are also going to launch Zero-Knowledge Subchain for bulletproof privacy and Merklix-Metadata Tree, which is needed for scalable block processing.
eCash Coin Price Prediction
Since the XEC owners are constantly updating their cryptocurrency to make it more useful than the competitors, this modern coin has great prospects for the future.
Experts believe that the eCash price should rise. According to WalletInvestor, it will reach $0.000665 at the end of 2021. A DigitalCoinPrice team has a more positive prediction saying it'll cost over $0.00035 by the same time.
XEC Crypto Price Today
eCash coin price today is 0.0003 USD.
After all, eCash is your choice if you believe the cryptocurrency market will improve the way we live in the future. Its founders have big plans for the next few years, and if they achieve their goals, XEC may become one of the top cryptocurrencies.
How To Buy eCash XEC?
StealthEX is a place to buy eCash coin securely. This exchange helps you get tokens by providing only general info and choosing from 350+ coins for the transaction. With StealthEX, there's no need to wait too much time or pay hidden fees for the exchange.
Just go to StealthEX exchange and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, BTC to XEC coin.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.