Live XEC Price Analysis
The current price of electronic money in real time is $0.0000328and its trading volume is equal to US$9,559,539 in the last 24 hours. XEC price has grew by
1.71%
on the last day and decreased by
0.21%
in the last 7 days. It is important to note that the current market capitalization of electronic money is US$645,079,349and the maximum offer is 21,000,000,000,000 XEC coins. Speaking of circulating supplies, XEC has 19 643 673 423 092 coins. Currently, eCash’s market rating is #111.
electronic money price today
94.46%
below
always on top and that’s it
646.69%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling HEC are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is Electronic Cash (XEC)?
eCash (XEC) is new version of Bitcoin Cash ABC (BCHA). However, not only is the name different, but eCash also aims to be an improved version of BCHA. If you are interested in the current price of eCash, check out the XEC price chart above.
Overall, the goals of the eCash developers are to provide fork-free protocol upgrades, reduce transaction completion times, and increase transaction throughput from 100 to over 5 million per second.
Besides, eCash replaces the long decimal digits of BCHA.This means that instead of 0.0000100… BCHA you will send, say, 100 XEC. This was done with the aim of making eCash more adaptable. However, please note that these shorter base units of the eCash token are called bits.
The core technology of eCash coins, which offers previously unimaginable capabilities, is its key advantage. The cryptocurrency retains all the positive characteristics of Bitcoin, including its fixed delivery schedule and halving. However he uses Proof of Stake (PoS) a consensus mechanism to solve Bitcoin’s fundamental scalability problems.
Finally, please note that XEC coins run on their own blockchain. It is modeled after the original Bitcoin blockchain architecture. In addition, XEC also comes in the form BEP-20 a token created specifically to work on Binance Smart Chain (BSC).
If you are planning to purchase eCash coins, please note that the price of XEC may change. This is because, as with the prices of other digital assets, the volatility of the overall cryptocurrency market affects the performance of the eCash cryptocurrency.
History of electronic money
Bitcoin was forked in 2017, resulting in Bitcoin Cash. This was the result of disagreements among the Bitcoin community regarding scalability. Then, in 2018, Bitcoin Cash underwent another hard fork, which resulted in the creation of Bitcoin SV. Compared to both Bitcoin (BTC) And Bitcoin SV (BSV)the price of XEC is noticeably different.
Ultimately, the third Bitcoin Cash hard fork occurred in 2020, resulting in the creation of Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA). However, in 2021, Bitcoin Cash ABC (BCHA) was renamed eCash.
Amaury Sechet is the lead developer of eCash. He also participated in the fork of the BCH blockchain to create BCHA. Before entering the world of cryptocurrencies, Amaury Sechet worked as a lead developer at Stupid D Compiler and a software engineer at Facebook.
How does the eCash network work?
The consensus mechanism that eCash uses is called Avalanche post-consensus protocol (not to be confused with the Avalanche blockchain). It is a Proof-of-Stake (PoS) consensus mechanism that has Byzantine fault tolerance (BFT) characteristics. It is different from Bitcoin Proof of Work (PoW) mechanism in several ways.
Essentially, a network of nodes can communicate in real time and reach reliable consensus using the Avalanche protocol. An Avalanche node will poll other nodes in the network to determine the status of a particular consensus decision, such as choosing transaction A over transaction B. If the majority of nodes polled agree with its decision, it will stick to it; otherwise it will change.
Depending on the outcome of the round, it can run another query and select another random group of peers. Additionally, protocol parameters include the number of random nodes to query, the number of rounds, query termination standards, and the expected number of malicious nodes.
Purpose of XEC coins
The eCash offering has a maximum limit of 21 trillion XEC tokens. Since it is a deflationary asset, the price of XEC is expected to rise over time.
XEC coins basically function as payment method. They are especially beneficial when making cross-border payments. XEC is committed to providing its users with secure and fast global transactions.
After rebranding, eCash began converting BCHA to XEC at a ratio of 1:1000000. Latest version Electrum ABC (eCash wallet) allows Bitcoin Cash (BCH) holders to receive their electronic cash after importing their old Bitcoin Cash wallet from the BCH network.
eCash follows the same supply and distribution model as Bitcoin, meaning that Miner incentives are halved every 210,000 blocks (roughly every four years). Additionally, the developers believe that there is no need to use combustion mechanisms to increase the price of XEC since it is valuable enough on its own.
What is the eCash trading volume in the last 24 hours?
XEC has trading volume US$9,559,539 in the last 24 hours.
What is the highest price in eCash?
XEC has the highest price $0.0006which was achieved at November 10, 2021 (2 years 3 months ago).
What is the lowest price for eCash?
XEC has the lowest price $0.00000440which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling XEC?
Currently, the most active and dominant exchanges for buying and selling electronic money are Binance, Kraken & Kucoin. The most popular electronic money trading pairs XEC/KRW
(on
Upbit
),
XEC/USDT
(on
Binance
),
XEC/USDT
(on
Huobi Global
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing XEC?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage electronic money. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
