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eCash

eCash Performance

Live xec Price

₹ 0.003907

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3.65%

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₹ 0.00014261

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3.65%

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₹ 0.003874

24h High

₹ 0.004119

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What is eCash (XEC)?

eCash (XEC) underwent a drastic rebranding that changed its name from Bitcoin Cash ABC (BCHA) to eCash (XEC) and also brought significant improvements. Some key changes include a decimal adjustment—1 eCash (XEC) equals 100 million of the old BCHA coins, the implementation of the Avalanche protocol, and a new governance system. It aims to become a fast and scalable way to make online payments.

Who founded eCash (XEC)?

eCash (XEC) was founded in 2021 by Amaury Séchet, a prominent software developer who spearheaded its rebranding to eCash (XEC) from Bitcoin Cash ABC (BCHA). 

Primary features of eCash (XEC)

• XEC token: XEC token powers the eCash ecosystem with utilities such as facilitating all on-chain transactions, allowing token holders to stake their XEC token for extra rewards, and governance right to vote on the ecosystem’s major decisions.

• Avalanche consensus protocol: eCash utilizes the Avalanche consensus protocol which is a variation of the Proof of Stake (PoS) consensus mechanism. This allows transactions to be validated within 3 seconds and also improves network security.

• Low transaction fees: One of the most notable features of eCash is the low transaction fees despite its high speed in validating them. eCash is designed to have low transaction fees, making it suitable for everyday use.

• Scalability: When eCash rebranded, the developers improved on its previous technology and designed the eCash network to handle a large number of transactions efficiently.

Is XEC a promising cryptocurrency?

XEC is the native token of the eCash (XEC) ecosystem which is a rebranded and improved version of Bitcoin Cash ABC (BCHA) that offers better services such as improved speed, scalability, and usability. As of September, the XEC is the top #91 crypto in terms of market cap. Despite being positioned in the top 100 cryptos by market cap, XEC’s price has been bearish since its all-time high in November 2021. However, XEC is estimated to trade at around $0.000371 by 2030 as per expert’s forecasts, making it a promising crypto. 

Download the CoinSwitch app to invest in XEC.

How do I use XEC?

• XEC can be traded with other cryptos or used as a medium of exchange with businesses that accept the crypto. 

• It can be bought, sold, or HODLed from a crypto exchange to leverage the price movement. 

• XEC token holders can stake their tokens to help secure the eCash network and also earn rewards.

• It can be used to send and receive payments swiftly with minimal fees.

Pros & Cons of eCash (XEC)

Pros

• XEC is built on the foundation of Bitcoin Cash, which itself is a fork of the original Bitcoin.

• XEC offers low transaction fees, much lower than other cryptocurrencies. 

• In addition to low transaction fees, XEC processes secure global transactions within seconds.

Cons

• XEC price is subject to market risks and volatility. 

• XEC has yet to achieve mainstream adoption despite its popularity.

• XEC has a large supply of 21T XEC tokens making each token’s value very low.

How to trade in eCash (XEC) on CoinSwitch?

• To trade in eCash (XEC), download the CoinSwitch app.

• You can start with just ₹100.

• XEC price is updated in INR in real-time.

• With CoinSwitch, crypto traders can seamlessly manage transactions and portfolios.

eCash (XEC) ICO summary

eCash was rebranded from Bitcoin Cash ABC (BCHA) in July 2021. Hence, no information regarding its Initial Coin Offering (ICO) is currently available. 

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FAQ's on eCash

1. What is the eCash (XEC) coin?

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eCash (XEC) is a cryptocurrency that emerged from a rebranding of Bitcoin Cash ABC (BCHA). It aims to improve on Bitcoin Cash by enhancing transaction speeds and reducing fees, while maintaining a focus on peer-to-peer digital cash transactions. It uses a Proof-of-Stake consensus mechanism and includes features like smart contract support and improved scalability.

2. How does eCash (XEC) cryptocurrency work?

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eCash (XEC) operates using a blockchain to process and record transactions. It utilizes a Proof-of-Stake consensus mechanism for faster and more energy-efficient transactions, supports smart contracts, and aims to offer low fees and quick transaction speeds.

3. Is eCash (XEC) safe?

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eCash (XEC) is considered safe, as it uses a blockchain for secure transaction recording and a Proof-of-Stake consensus mechanism for validation. However, like all cryptocurrencies, its safety also depends on secure handling by users and ongoing network security.

4. Is eCash (XEC) a good investment?

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Whether eCash (XEC) is a good investment depends on individual risk tolerance, market conditions, and research. It’s important to assess its potential for growth, its technology, and overall market trends before investing.

Highlight

Earlier known by the moniker Bitcoin Cash ABC (BCHA), ECash (XEC) is a fork of Bitcoin Cash (BCH) designed to be used as electronic cash.

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Ecash Price Statistics

XEC Price Today

XEC Price

₹0.003907

Price Change 24h

percent_change_icon

3.65%

Price Change 7d

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16.46%

Market Rank

#121

Market Cap

₹7,495 Cr.

Trade Vol 24h

₹337 Cr

Circulating Supply

₹19,79,760 Cr. XEC

Trading Activity

73% Buy27% Sell

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How to invest in cryptocurrency in India

CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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