eCash (XEC) is a decentralized cryptocurrency inheriting Bitcoin but improved for fast payments, low costs, and convenience for global users.
Developed from Bitcoin Cash ABC, eCash aims to become an easily accessible, secure digital currency system suitable for daily transactions on an international scale.
MAIN CONTENT
eCash is a decentralized electronic payment model that originates from Bitcoin Cash ABC, emphasizing speed and low fees.
The ecosystem includes a high-speed Blockchain, eToken standard, multi-platform wallets, and Avalanche Pre-Consensus technology.
The team is led by Amaury Séchet along with major partners, maintaining a stable position and a long-term development roadmap.
What is eCash (XEC)?
eCash (XEC) is a cryptocurrency project recreated from Bitcoin Cash ABC aimed at enhancing performance and improving user experience in digital payments. Launched in July 2021, eCash seeks to become a stable and user-friendly cryptocurrency for global payments.
No need for a bank account, eCash offers a decentralized transaction system with extremely low fees and fast speeds, suitable for cross-border payments and practical applications.
How does eCash work?
Users acquire XEC by purchasing on exchanges or mining, storing it in a digital wallet, and using it for online payments. Transferring money via wallets is verified by the eCash bank to ensure transaction safety and transparency.
Transaction fees are virtually non-existent at the user level, only incurred when transferring money from the eCash bank to a traditional bank. This model is similar to credit card payment mechanisms, facilitating convenience for both customers and merchants.
"Even while continuing to mine the core from Bitcoin, eCash is constantly innovating to create a fee-free and almost instant payment solution for millions of users worldwide."
Amaury Séchet, Technical Lead of eCash, 2024
What are the products of the eCash project?
eCash builds an ecosystem consisting of four core products, laying the foundation for the vision of 'global digital currency.'
What is the eCash Blockchain?
The blockchain platform of eCash inherits the UTXO architecture from Bitcoin with improvements to reduce transaction fees to below $0.00001 and ensure fast confirmation times. The regular integration of upgrades and support for Token issuance, staking, and network governance are standout strengths.
What is the eToken Protocol?
This is eCash's own Token standard similar to Ethereum's ERC-20, allowing users to create and trade Tokens for gaming, DeFi, or DAO. eToken helps expand the utility of eCash beyond merely being a payment coin.
What are eCash Wallets?
The project supports various multi-platform wallets such as ViaWallet, Exodus, Electron Cash, allowing users to easily store and interact with XEC and eToken Tokens securely and conveniently.
What is Avalanche Pre-Consensus?
The Avalanche Pre-Consensus solution accelerates transaction validation almost instantly, prevents double-spending, and paves the way for staking, DApps, and on-chain governance. This is a step forward that brings eCash closer to the payment performance of renowned intermediaries like Visa or Mastercard.
What are the standout features of eCash?
eCash stands out for its security and privacy, allowing transactions without disclosing personal information. The ultra-low transaction fee of under $0.00001 is suitable for small payments, and the fast confirmation speed is an undeniable strength.
The conversion from Bitcoin Cash ABC at a rate of 1 BCHA to 100,000,000 XEC makes eCash convenient like fiat money and easily accessible to everyday users.
Overview of the XEC Token and Tokenomics?
XEC is the main Token of the eCash network with a maximum supply of 21 trillion Tokens and currently more than 19 trillion Tokens in circulation. XEC inherits from Bitcoin Cash ABC and is designed to serve payment, staking, governance purposes, while supporting Token issuance through the eToken standard.
Token Information Value Token Name eCash Symbol XEC Blockchain eCash (fork from Bitcoin Cash ABC) Contract 0x0Ef2e7602adD1733Bfdb17aC3094d0421B502cA3 Circulating Supply 19,877,179,672,583 XEC Total Supply 19,877,182,797,583 XEC Maximum Supply 21,000,000,000,000 XEC
How is the eCash development roadmap laid out?
The eCash roadmap outlines important upgrade steps including integrating Avalanche Pre-Consensus, supporting direct Token creation from wallets, deploying staking and on-chain governance alongside DApp development tools and customizable smart contracts.
Who are the project team, investors, and partners of eCash?
What are the notable features of the eCash project team?
eCash is led by Amaury Séchet, an experienced developer who previously led the Bitcoin Cash ABC team. He is the driving force behind eCash's shift towards fast payments with low fees. The development team consists of many experts with deep experience in blockchain and security.
"We believe that eCash will become a user-friendly, secure, and robust digital financial platform in the near future."
Amaury Séchet, CEO of eCash, 2024
Who are the investors of eCash?
The project has not officially announced the list of investment funds, but based on the long-standing support of the Bitcoin Cash ecosystem and community backing, it is evidence of sustainable potential.
Who are the strategic partners of eCash?
ViaWallet, Exodus, Coinomi – Support for storing XEC and eToken
Coinbase, Binance, OKX, Bitget, Gate.io – Listing and providing liquidity for XEC
The Bitcoin ABC team and the eToken development organization – Technology collaboration and Token issuance
Summary about eCash (XEC)
eCash (XEC) is a comprehensive solution combining traditional Bitcoin technology with modern improvements to serve daily payments with extremely low costs and fast speeds. The integration of Avalanche Pre-Consensus technology helps eCash continually improve to become a cryptocurrency suitable for both personal and business payments.
The project maintains stable development with a highly skilled team and reputable partners, opening up significant long-term potential for investors and users.
Note: This article is for informational purposes only and is not investment advice.
Frequently asked questions about eCash (XEC)
What distinguishes eCash (XEC) from Bitcoin? eCash improves speed and significantly reduces transaction fees, making it suitable for daily payments, while integrating Avalanche technology to enhance confirmation efficiency. How to buy and store XEC? You can buy XEC on exchanges like Binance, Coinbase, and store it in supported wallets such as ViaWallet, Exodus, or Electron Cash. What is the eToken Protocol of eCash? This is the Token issuance standard on the eCash network, similar to ERC-20, allowing for the creation and trading of diverse Tokens for various financial and gaming applications. Who is behind the eCash project? eCash is led by Amaury Séchet, an experienced developer with Bitcoin Cash, along with a team of blockchain and DeFi experts. Does eCash support staking and network governance? It is in the development plan with the integration of Avalanche Pre-Consensus to implement staking and on-chain governance in upcoming updates.
Source: https://tintucbitcoin.com/ecash-xec-la-gi/
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