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eCash (XEC) is the natural continuation of the Bitcoin Cash project and continues to be developed by Bitcoin ABC; the team started it back in 2017. On July 1, 2021, Bitcoin Cash ABC (BCHA) rebranded to eCash (XEC); In other words, it is a fork of bitcoin with a more aggressive technical roadmap. eCash combined the core tech behind Bitcoin’s success (the same fixed supply, halving schedule, and genesis block), with the latest Proof of Stake consensus & protocol governance.
eCash follows the innovative Avalanche consensus layer while also introducing concepts never before seen in a Bitcoin project such as staking, fork-free network upgrades, and subchains. The goal for eCash is to become sound money that is usable by everyone in the world. This is a civilization-changing technology that will dramatically increase human freedom and prosperity.
eCash has some features that make it unique and different from the Bitcoin Cash ABC, including:
Avalanche brings politically decentralized governance and is technically sound to the eCash protocol.
Monetary ecosystems have many important stakeholders. eCash honoring the value of holder-based staking since the recent crypto developments have proven its importance. Since the eCash focus is to build the best money possible, every technically feasible solution is on the table and Avalanche staking will be a significant element of eCash governance and user incentivization.
The revenue of the eCash protocol is brought back to eCash development and technology projects. Annually, Funds are allocated by the Global Network Council or GNC.
eCash supports tokens that anyone can create and trade.
eCash team is incentivized to ensure the highest currency valuation possible, this change was a no-brainer.
eCash supports the CashFusion protocol for privacy. CashFusion offers anonymity comparable to the top privacy coins while maintaining an auditable supply cap.
Launching in January 2021, it's too soon to talk about eCash (XEC) annual Return On Investment (ROI). However, the data is sufficient to calculate its monthly ROI. Our data shows that XEC experienced a noticeable increase in its price, with a 187% gain.
Popularity is a critical factor in determining the success of a cryptocurrency project. In order to consider the popularity of the XEC since the lunch date, the Twitter and Reddit growth rate are provided. Based on the data, the XEC's number of Twitter account followers has increased over time, and currently, the number of users is more than 26000. On the other side, the number of Reddit subscribers has increased 53% since September 08.
Talking about market capitalization ranking and price, XEC's market cap ranking was volatile since September 08, 2021, and there is no clear trend in its chart. Following an upward trend from September 19, 2021, XEC's market capitalization rank is around 38, at the time of writing this post. The highest price of the XEC from the beginning of September was 0.00026211. Also, the liquidity growth was 64% over the market average score, making it easier to sell XEC in bear markets, and the market cap is reported $4,117,676,923, on September 26.
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