Binance
XEC
USD
1 XEC =$0.00006936Last updated:
Disclaimer: This page may contain affiliate links. Bitcompare may be compensated if you visit any links. Please refer to our Advertising disclosure.

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.

Sentiment about eCash (XEC)

The social sentiment surrounding eCash (XEC) is currently positive, with a sentiment_absolute score of 46.00%, indicating a bullish outlook among social media users. This sentiment is further supported by the social impact score of 0.00, suggesting a strong correlation between social metrics and price trends. The asset holds the market rank of 81, with a market cap of $1,400,303,211.04 and a circulating supply of 19,674,948,423.09 XEC.

In terms of recent trading activity, eCash has seen a significant 24-hour price increase of 11.17% and a 7-day price increase of 39.75%. The asset's galaxy_score of 46 reflects a combination of technical indicators, social sentiment, and price correlation, indicating a positive market outlook. With a volatility of 2.29%, eCash remains a dynamic asset with potential for further price movements.

Powered byLunaCrush

eCash Buying Guide

Frequently asked questions about eCash (XEC)