What Is ECash (XEC)?
ECash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a “cryptocurrency that’s designed to be used as electronic cash.” ECash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. Instead of sending 0.00001000 BTC, you would send 10 bits with eCash. ECash integrates a proof-of-stake (PoS) consensus layer called “Avalanche,” which is not to be mistaken for the blockchain Avalanche (AVAX). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million.
The cryptocurrency’s developers have set their sights on three main improvements:
- Scaling transaction throughput from 100 transactions per second to more than five million transactions per second
- Improving the payment experience by reducing transaction finality time
- Extending the protocol and establishing fork-free upgrades
Who Are the Founders of eCash?
ECash (XEC) is led by its lead developer Amaury Sechet, who was the lead developer of Bitcoin Cash (BCH) and forked that blockchain to establish the predecessor of eCash, Bitcoin Cash ABC (BCHA). That fork happened on November 15, 2020. Sechet then decided to rebrand Bitcoin Cash ABC to establish a new brand identity for eCash, explaining that a reduction of decimal places would help with the adoption of the coin:
“No other money has eight decimal places. Why should crypto? Cryptocurrencies with a lower unit price also enjoy higher bull market appreciation. Because the eCash team is incentivized by both tech and price improvement, this improvement was a no-brainer.”
Sechet was highly active in the development of Bitcoin Cash, leading its initial fork away from Bitcoin in August 2017, its continuation after Bitcoin SV (BSV) was forked from it in November 2018, and its most recent fork from Bitcoin Cash in November 2020. Before his involvement in cryptocurrencies, he was a software engineer at Facebook and a lead developer at Stupid D Compiler.
eCash Price Prediction
If you’re looking for eCash price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of eCash (XEC) will go in the future? We will analyze the past prices of eCash (XEC) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 0.00007634|
|24h Volume||$ 38,075,508|
eCash (XEC) Price Prediction
At reconshell.com we predict future eCash price predictions/XEC forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of eCash. We do our best to collect maximum historical data for the XEC coin which include multiple parameters like past price, eCash marketcap, eCash volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
eCash Price Prediction 2022
According to our deep technical analysis on past price data of XEC, In 2022 the price of eCash is predicted to reach at a minimum level of $0.00010696. The XEC price can reach a maximum level of $0.00012548 with the average trading price of $0.00011008.
eCash Price Prediction 2023
The price of eCash is predicted to reach at a minimum level of $0.00015094 in 2023. The eCash price can reach a maximum level of $0.00018864 with the average price of $0.00015535 throughout 2023.
XEC Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of eCash is predicted to reach at a minimum level of $0.00021360. The XEC price can reach a maximum level of $0.00025883 with the average trading price of $0.00022136.
The price of 1 eCash is expected to reach at a minimum level of $0.00030967 in 2025. The XEC price can reach a maximum level of $0.00035866 with the average price of $0.00031852 throughout 2025.
eCash Price Prediction 2026
eCash price is forecast to reach a lowest possible level of $0.00042385 in 2026. As per our findings, the XEC price could reach a maximum possible level of $0.00053868 with the average forecast price of $0.00043660.
eCash Price Prediction 2027
According to our deep technical analysis on past price data of XEC, In 2027 the price of eCash is forecasted to be at around a minimum value of $0.00060461. The eCash price value can reach a maximum of $0.00070787 with the average trading value of $0.00062207 in USD.
eCash (XEC) Price Prediction 2028
The price of eCash is predicted to reach at a minimum value of $0.00087279 in 2028. The eCash price could reach a maximum value of $0.001 with the average trading price of $0.00090389 throughout 2028.
eCash Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of eCash is expected to reach at a minimum price value of $0.001. The XEC price can reach a maximum price value of $0.002 with the average value of $0.001.
eCash (XEC) Price Prediction 2030
The price of eCash is predicted to reach at a minimum value of $0.002 in 2030. The eCash price could reach a maximum value of $0.002 with the average trading price of $0.002 throughout 2030.
eCash Price Prediction 2031
eCash price is forecast to reach a lowest possible level of $0.003 in 2031. As per our findings, the XEC price could reach a maximum possible level of $0.003 with the average forecast price of $0.003.
What Makes eCash Unique?
The developers of eCash (XEC) intend the coin to support Ethereum Virtual Machine (EVM)-compatibility and to be interoperable with the decentralized finance (DeFi) sector on Ethereum (ETH). For the coin to become successful, eCash’s developers intend to fulfill five core missions:
- Ensuring anonymous transactions
- Ensuring the immutability of transactions
- Guaranteeing that transactions remain almost free
- Enforcing globally secure transactions with a finality of fewer than three seconds
- Designing the coin’s infrastructure as a public good, funded via its social contract
To achieve this, the developers of eCash have laid out an ambitious roadmap, with plans to have:
- Canonical transaction ordering to enable scalable block processing
- Schnorr Signatures to enable batched signature validation
- Faster block propagation through graphene or other
- UTXO commitment with blockchain pruning and faster initial sync
- Merklix-Meta Tree to enable scalable block processing
- Adaptive block sizes to support market-driven growth to 1TB blocks
These highly ambitious solutions would propel eCash to 50 transactions per user per day for up to 10 billion users.
How Many ECash (XEC) Coins Are There in Circulation?
There is no tokenomics of eCash (XEC) but it follows many of the same rules already established for Bitcoin (BTC). It shares Bitcoin’s supply and distribution model, meaning that every 210,000 blocks, approximately every four years, miner rewards are cut in half. ECash has the same supply cap as Bitcoin of 2.1 quadrillion satoshis, yet instead of those 2.1 quadrillion SATS being divided by 100 million to yield 21 million BTC, it was divided by 100, yielding 21 trillion XEC. The reason for this is simply that it is easier for users to mentally grasp integers and this decision aligns with the coin’s goal of mass adoption.
How Is the eCash Network Secured?
In contrast to the Bitcoin Cash ABC (BCHA) network, which is secured using a proof-of-work (PoW) consensus mechanism, the developers of eCash plan to add proof-of-stake (PoS) in order to speed up transactions. What they term “Avalanche post-consensus” would see enhanced security and fork-free upgrades and allow for advanced opcodes thanks to enhanced script capability. The Avalanche layer will be added on top of the existing PoW in order to leverage the benefits of both.
Where Can You Buy ECash (XEC)?
ECash (XEC) is available for purchase via Binance, Huobi Global, OKEx, Mandala Exchange and Upbit.