Users of eCash can take advantage of a variety of advantages by joining the network. One benefit is that the network is particularly secure because it incorporates elements of Bitcoin. The network incorporates a capped supply, a halving schedule, and a genesis block, specifically.
Scalable – eCash (XEC)
Scalability is one of eCash’s key advantages. The Avalanche consensus process was developed by the creators to achieve nearly instantaneous confirmation times. The network uses mass parallelization and a multi-layered structure to do this operation. With this strategy, the network may grow from 100 tx/s to over 5,000,000 tx/s while still being responsive and valid.
How Does eCash (XEC) Work
The multi-layered strategy of the eCash network combines a privacy-focused blockchain with an EVM Subchain to make it simple for developers to build Dapps and smart contracts. One of the best ways for brand-new blockchains to increase their scalability is by separating the functionality of smart contracts. The EVM designation is significant because it permits Ethereum developers to move or expand their present Dapps to the eCash network without having to recode their projects.
eTokens
On the eCash system, anyone can produce unique tokens. The system does away with the conventional technical requirements. Using the platform’s dashboard, you may create a unique token’s name, supply, decimal places, and icon. Because it enables companies to develop new methods of generating income and completely new markets, this feature greatly expands the network’s functionality.
Wallet
A native wallet for eCash makes use of Sighash to increase security. Using this mechanism, users may keep an eye on their holdings and purchase, sell, and trade their bitcoin. From this interface, you may keep an eye on your staked rewards as well.
Staking
When users stake XEC tokens, they receive prizes and more. Staking offers you a low-risk passive income stream while assisting with network security. Because your payouts are predetermined based on the number of tokens you stake, staking is less risky than trading. Consequently, achieving consistent returns is much simpler. trading vs. staking
Consensus
A novel consensus algorithm by the name of Avalanche serves as the foundation of the eCash strategy. Regular people can take part in the validation process using our innovative Proof-of-Stake approach without having to invest in pricey mining equipment. Avalanche has a tonne of cutting-edge features. The network’s Adaptive Block Size has a 1TB maximum size limit.
Bitcoin’s block size is 1MB in contrast. Avalanche also incorporates pre-consensus, a Canonical Transaction Ordering, and a Merklix-Metadata Tree. The network benefits from this strategy’s near real-time processing and transaction finality.
CashFusion Protocol
A network addition for privacy control is the CashFusion Protocol. A high level of anonymity similar to the best privacy coins is offered by the system. As a participant in the Electrum ABC network, the system enables you to carry out private transactions. However, compared to standard transactions, these transactions are far more expensive to track.
eCash (XEC) Governance
The decentralised governance system used by the eCash network is another significant benefit. The network encourages stakeholders and gives them the opportunity to present ideas that will assist shape the network’s future course. Because they guarantee that blockchain networks remain coherent, decentralised governance systems are more common than ever.
XEC
The primary cryptocurrency and utility token for eCash is called XEC. This cutting-edge crypto can be distributed openly and internationally in a matter of seconds. The network costs and execution of smart contracts are also paid for using the token. Staking rewards are given in XEC, which is traded on a number of well-known markets.
How to Buy eCash (XEC)
You can buy eCash (XEC) on the following exchanges:
Best for much of the world, including Australia, Canada, Singapore, and the UK, is Binance. It is not possible for Americans to purchase eCash (XEC). 10% off all trading costs can be obtained by using the promotional code EE59L0QP.
Over 300 more well-known tokens may presently be traded for cryptocurrencies on KuCoin. It frequently offers purchase opportunities for new tokens initially. Residents of the United States & other countries are currently accepted in this exchange.
WazirX – As a member of the Binance Group, this exchange is held to a high degree of excellence. The finest exchange is available to Indian citizens.
You can buy eCash (XEC) on the following exchanges:
Best for much of the world, including Australia, Canada, Singapore, and the UK, is Binance. It is not possible for Americans to purchase eCash (XEC). 10% off all trading costs can be obtained by using the promotional code EE59L0QP.
Over 300 more well-known tokens may presently be traded for cryptocurrencies on KuCoin. It frequently offers purchase opportunities for new tokens initially. Residents of the United States & other countries are currently accepted in this exchange.
WazirX – As a member of the Binance Group, this exchange is held to a high degree of excellence. The finest exchange is available to Indian citizens.
Summary
The latest innovation from the inventive brains behind the Bitcoin Cash project is the eCash network. The network blends decades of knowledge with cutting-edge technology. As a result, it is much more sophisticated than its forerunner and offers more scalability, security, and effectiveness. As the network continues to attract more developers and users because of its beneficial characteristics, you can anticipate hearing a lot more about eCash.
What Problems Does eCash (XEC) Attempt to Fix?
There are numerous issues in the market that eCash aims to solve. One goal of the endeavour was to clear up investor uncertainty. Users may become confused by projects like Bitcoin because of their unusual format and distinctive technical design. The adoption of new terminology and symbols is hampered by technical issues. The creators of eCash decided to remain with a 2-decimal form that resembles fiat currency since they recognised these problems as obstacles.
Hard Forks
Another important problem that eCash resolves is hard forks. A poorly timed hard fork can harm the original project, as anyone who recalls the creation of Bitcoin Cash and its following hard forks will attest. The designers determined that making the network extensible would be the best way to ease future network improvements. The capacity to make significant upgrades and future advancements via a less disruptive method is referred to as extensible. To successfully do this duty, the network combines increased security and the Avalanche Post-consensus method.
Lack of Privacy
Recently, the majority of cryptocurrency projects have abandoned their privacy in favour of a more positive perception from regulators. Sadly, this has put investors at the mercy of anyone looking to learn more about their business dealings. These issues are resolved by the eCash system by using a Zero-Knowledge Subchain to protect your privacy.
High Fees
Another problem that has hurt investors is high fees. Congestion continues to result in exorbitant costs on networks like Ethereum. These costs have never been higher. Users continue to look for different alternatives in the market as a result of this predicament. One of these options is the eCash. In comparison to the competitors, it offers lower fees. Particularly, sending eCash transactions only costs a small number of Satoshis.
