eCash Price

(XEC)
USD($)

eCash(XEC) Info

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Website
bitcoinabc.org
Documentation
bitcoinabc.orge.cashe.cashbitcoinabc.org
Explorer
explorer.bitcoinabc.org
Contract
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Audited By
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‎$ 0.00003637
‎$ 0.00003836
‎$ 0.00059259
-0.36%
+1.99%
+8.93%
$ 735.75M 
$ 53431 
18.92T
21.00T

About XEC

What is eCash (XEC) Crypto?

eCash (XEC), short for electronic cash, is a cryptocurrency designed for making digital payments in a peer-to-peer format, such as transferring payments to users or paying for goods and services. eCash, formerly known as Bitcoin Cash ABC (BCHA), emerged as a hard fork from the original Bitcoin blockchain and Bitcoin Cash network.

It offers a quick, cheap, and safe way to conduct financial transactions without needing a bank account or an intermediary. Users can send and receive payments in cryptocurrencies worldwide using their cryptocurrency wallets using XEC coins with low transaction fees, high speed, and more robust security.

The development of eCash was inspired by Milton Friedman, who envisioned the need for reliable electronic cash for the global community to truly enjoy the power of the internet. Friedman imagined eCash to be one of the major forces that could drive the digital transformation of people’s lives through the internet and reduce the role of government as a result.

The eCash project is developed and maintained by Bitcoin ABC, which comprises leading early Bitcoin developers. XEC is the native cryptocurrency of the eCash network. It has the same fixed supply as that of Bitcoin - 21 trillion XEC to 2.1 quadrillion satoshi after the redenomination of the base unit for eCash crypto.

How Does eCash Work?

eCash leverages an infrastructure similar to that of Bitcoin - the world’s largest cryptocurrency by market cap and popularity. It enjoys the same fixed supply for XEC as BTC and has the same halving schedule as the Bitcoin network. Having originated from a hard fork of the original Bitcoin blockchain, the eCash network also shares the same genesis block as Bitcoin.

It is the continuation of the original Bitcoin Cash project, but where it differs from Bitcoin and Bitcoin Cash is in its consensus mechanism. Unlike BTC and BCH, XEC’s network uses a Proof of Stake (PoS) consensus algorithm and supports decentralized governance within its ecosystem.

eCash uses the Avalanche consensus algorithm, a revolutionary consensus mechanism that allows the network to enjoy instant transactions, superior security, and fork-free network upgrades. This critical factor gives the eCash network a significant edge over other networks that forked from Bitcoin, including Bitcoin Cash.

eCash supports Avalanche staking, a process that helps the decentralized governance of the network and offers incentives to users within the blockchain to contribute to its security. Unlike Proof of Work networks that require validators to mine cryptocurrency, the staking-based consensus mechanism provides incentives of continuous support in securing the network, offering higher resilience against potential attacks.

History of eCash and XEC Coin

eCash originated from a hard fork of the Bitcoin Cash blockchain in November 2020. It was initially called Bitcoin Cash ABC (BCHA) until it underwent a rebranding in July 2021 to eCash (XEC).

The rebranded eCash blockchain leverages the Avalanche PoS consensus algorithm, allowing users to stake XEC tokens for governance and securing the network. The interoperability makes it possible for eCash to be scalable with Layer-2 PoS solutions.

eCash uses “Bits” as its base unit, making it convenient to use XEC to transfer small payments on its network. This feature prevents the use of decimal places in calculating and converting small payments for transfer.

As of January 2023, the BCHA developers have made block processing more scalable with the rollout of Canonical Transaction Ordering, while Schnorr Signatures allow for batched signature validation. Future upgrades per the eCash roadmap include upgrades that can make the network more scalable, usable, and extensible. The developers plan to roll out upgrades to the eCash blockchain every year on May 15 and November 15.

How to Buy eCash (XEC)

eCash (XEC) is listed on leading cryptocurrency exchanges, including KuCoin. Here’s how you can buy XEC coin on KuCoin quickly and safely:

Start a KuCoin Account

Open an account on KuCoin using your email address or mobile phone number if you are a new user on our platform. Complete your KYC verification to unlock access to all our services and features.

Fund Your Trading Account With Crypto

Add crypto funds to your trading account using KuCoin Fast Trade. Pick from over 70 payment options, including Visa, Mastercard, SEPA, and PayPal.

You can also fund your trading account using KuCoin P2P or directly interact with third-party sellers on our platform.

Buy XEC With Existing Crypto

KuCoin also supports using existing crypto holdings to buy eCash crypto and other digital assets on our platform. Transfer your tokens from your crypto wallet to your KuCoin trading account.

Trade XEC/USDT on KuCoin Spot Trading

Head to KuCoin Spot Trading to find the XEC/USDT trading pair. Check the current price of eCash, XEC current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the XEC price chart before trading eCash in the market.

Input the number of USDT you wish to exchange for XEC and check the number of XEC coins you can get and the trading fees you have to pay. Receive a 20% discount on trading fees when you use KCS to pay on our platform. Review all other details and click on Buy to process your trade order.

Store XEC Safely

A few minutes after your buy order goes through, your KuCoin trading account will be funded with the new XEC cryptocurrency you purchased. Once the coins arrive, you can continue holding them on KuCoin or withdraw them to a non-custodial wallet for more secure storage.

FAQ

Is eCash (XEC) a Good Investment?

eCash could be a good crypto asset, especially if you wish to do more with your cryptocurrencies, such as using them for making payments, earning passive income, etc. The XEC crypto is a convenient cryptocurrency for sending and receiving payments. It is used as a payment method when purchasing goods and services, making it an attractive digital asset to invest in.

You can also consider buying XEC if you wish to stake your cryptos and generate passive income from them. As a PoS network, eCash lets you stake $XEC to help secure its decentralized network, allowing you to earn rewards and grow your crypto portfolio.

The XEC price could register an uptrend as eCash partners with more businesses and organizations to be recognized as a payment method. This would increase the demand for the token and support the price of eCash crypto.

What Is the eCash Crypto Price Prediction?

While it is impossible to make an accurate XEC price prediction, you could monitor the following key factors that contribute to volatility and price action in the eCash token:

Level of Usage

As more crypto-savvy consumers use eCash crypto as a payment method and for sending and receiving payments, we could see an uptick in demand for this digital asset. This, in turn, could increase the eCash price and market cap.

Announcement of New Partnerships

Whenever BCHA developers announce new partnerships for eCash that could increase its use as a payment option, investor confidence could receive a boost. This factor could also increase investor interest in buying and trading eCash, supporting the XEC price statistics.

Market Sentiment

Market sentiment plays a vital role in determining trends in the crypto market. A bullish sentiment or risk-on mood among investors encourages buying activity in the market and sends more investors to buy and hold eCash, increasing the eCash price. Meanwhile, a bearish or risk-off sentiment could cause sell-offs in the market that could weaken the price of XEC.

What Is XEC Token Used For?

XEC is the ticker symbol of the eCash cryptocurrency. It is used for the following purposes:

Digital Currency

You can send and receive payments and buy goods and services with XEC tokens. The eCash token can also be used to make small payments, as denoted by Bits, making it far more convenient for a digital currency to use than Bitcoin.

Staking

As a PoS network, you can stake $XEC on eCash to contribute towards securing the network. eCash supports Avalanche staking, so you can conveniently stake your holdings on the network and earn passive income.

Governance Token

As a token holder, you can also participate in the decentralized governance mechanism of the eCash ecosystem. Submit proposals and vote on others’ proposals to contribute to future upgrades and developments of the eCash blockchain.

Crypto Asset to Trade and HODL

Trade eCash against other cryptocurrencies to make the most of volatility and changing market conditions. Buy or sell XEC against other digital assets on platforms like KuCoin, or hold it long-term if you believe in the potential of the eCash project.

Will eCash Reach $1?

The XEC price remains well under the $1 mark as of January 2023, and it could be challenging for eCash to cross this fundamental level. This is primarily because of the extremely high max supply and circulating supply of the XEC token.

The eCash total supply stands at over 19,270,000,000,000, while the max supply is fixed at 21,000,000,000,000. Although the developers have set a low inflation rate for the token, the high supply of the coin makes it impossible for its price to rise too high.

The BCHA developers have also kept the XEC price low to make the cryptocurrency more accessible and usable by smaller retail investors in the crypto market. Its affordability makes it a more attractive crypto to buy and transact with than other leading cryptos, especially Bitcoin.

What Is the Difference Between eCash and Bitcoin ABC?

eCash is a cryptocurrency, while Bitcoin ABC is a software businesses can use to interact with and maintain the eCash network. Bitcoin ABC is a full node implementation of the eCash protocol and provides the software and infrastructure to make eCash usable.

Bitcoin ABC is also involved in independently developing and maintaining the eCash protocol’s Avalanche consensus algorithm code. The Bitcoin ABC full node development team is led by Amaury Séchet, who was initially involved in the hard fork of Bitcoin Cash from the Bitcoin network in 2017.

XEC Price Analysis

Live Price

The live price of XEC is 0.00003781 USD, representing an increase of +8.93% in the past 7 days and +1.99% increase in the past 24 hours.

Historical Trend

The all-time high of XEC was 0.00059259 USD on 11-10, 2021, from which the coin is now down -93.62%.
The all-time low of XEC was 0.0000173 USD, from which the coin is now up 54.25%.
$ 0.0000173
$ 0.00059259
Want to get the latest price of XEC? Head to the KuCoin Exchange for 24/7 live updates of XEC/USD prices and the ability to buy/sell crypto quickly.