XEC currency analysis and the most important problems that ecash (XEC) is trying to solve?
XEC is an XEC cryptocurrency token issued on the Ethereum platform. Cryptocurrency is a medium of exchange that uses cryptographic principles to ensure the security of transactions and to control the creation of transaction units.
The original name of the XEC cryptocurrency is Bitcoin Cash ABC, which is one of the forked currencies of Bitcoin and the currency is also called BCHABC and ecash Each BCHABC can be exchanged for one million XEC coins, after which all BCHABC transactions are stopped.
Learn about currency analysis XEC
XEC is a token for Bitfenix, which belongs to a virtual cryptocurrency. On July 1, 2021, Bitfinex changed the name of BCHABC to XEC, users on the platform can exchange BCHABC for XEC coins, and each BCHABC can be exchanged for one million XEC cryptocurrency.
XEC is a cryptocurrency designed to be used as electronic cash, just as the invention of email made it possible to send messages directly over the Internet, XEC made it possible to send money directly to others over the Internet.
You can also use xec to send and receive payments without the need for a bank account available in every country, you can use it to send and receive cross-border payments anywhere in the world.
The ecash (XEC) project builds on the success of Bitcoin Cash and expands its mission to provide the world with a more secure P2P electronic cash system.
Notably, the developers have taken valuable lessons from Bitcoin Cash and have integrated the solution into ecash so, the protocol is more flexible, secure, and scalable than its predecessor.
What problems is he trying ecash (XEC) solve it?
There are many problems in the market that ecash seeks to reduce on the other hand, the project is designed to help relieve investor confusion.
A project like Bitcoin, due to its unusual shape and unique technical structure, can be prohibitive for users.
New terminology and coding alike increase technical barriers to adoption Recognizing these issues as hurdles, ecash developers decided to stick with a 2-decimal design that mimics fiat currency.
Historical price list for a coin XEC
As of now, the price of XEC coin is $0.000009695, the all-time high is $0.00038719, which appeared on September 5, 2021, and the all-time low price of the XEC coin is $0.0001735, which appeared on July 21, 2021.
Since Bitcoin ABC upgraded to eCash (XEC) nearly a month ago, the XEC cryptocurrency has surged more than 12 times, reflecting market confidence in this brand upgrade and token increase plan.
At 20:00 on July 1, 2021 Beijing time, the BCH Bitcoin ABC fork chain was officially rebranded as eCash, the token will be changed from BCHA to XEC, and XEC will be distributed at 1 BCHA = 1,000,000 XEC.
The new eCash project will continue to be developed and operated by a technical team led by techno-technologist, BCH cornerstone creator, and former Facebook engineer Amaury Sechet.
Currency XEC serving apps DeFi
It is also a smart contract platform serving DeFi applications, with enterprise-level collaboration, high throughput, low latency, high scalability, and high security.
Its security threshold is well above the 51% benchmark of other networks, and even Vitalik Buterin, the founder of Ethereum, has greatly appreciated its underlying technology.
After the launch of the mainnet in September 2020, AVAX, the original token of the Avalanche protocol, has reached the major trading platforms.
Since its launch, it has performed an astonishing 70 times in 5 months and has quickly formed coverage covering DeFi, NFT, Security, Wallet and Stability an avalanche ecosystem with more than ten tracks and nearly 100 projects such as coins and blockchain infrastructure and many more environmental projects have followed The appearance of chickens and dogs.
According to relevant information, the avalanche protocol takes only 2-4 seconds to achieve global settlement, the transaction confirmation delay is only 4 seconds, and it can process 1,000-10,000 transactions per second.
Project Introduction XEC Coin
The blockchain is essentially a shared database and has the characteristics of “non-tampering”, “full traces”, “traceable”, “open and transparent” and “mass maintenance”.
Blockchain originated from Bitcoin. November 1, 2008 A person calling himself Satoshi Nakamoto provided a related explanation.
Bitcoin was officially born on January 3, 2009. It is a virtual P2P cryptocurrency that does not depend on a specific currency institution for issuance.
It is based on a specific algorithm generated by a lot of accounts The biggest difference from other virtual currencies is that their total number is very limited very rare.
Cryptocurrency is a type of digital currency
Bitcoin became the first decentralized cryptocurrency in 2009. Cryptocurrencies are based on a decentralized consensus mechanism. Unlike a banking financial system that relies on a centralized regulatory system, the decentralized nature comes from Blockchain technology that uses distributed ledgers.
BCHA is a virtual currency The Bitcoin Cash (BCH) blockchain is split into two chains in order to differentiate the two chains.
The exchange assigned them the temporary names Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN), respectively.
When chain split occurs. The chain will usually keep the name and token of the original cryptocurrency and the other chain will be a separate brand new cryptocurrency.
The XEC cryptocurrency is the original BACHA coin, and BACHA coin is a forked process of Bitcoin Cash, i.e. Bitcoin Cash.
coin price XEC
The above content answers the XEC cryptocurrency price for everyone? This problem, we can clearly see that the XEC coin is actually an upgraded digital currency from BCH, while retaining the original technology, but the overall project has been improved, if the technical support for XEC coin can be continuously added in the later stage, then the investment value will be improved in XEC coins significantly.
The XEC cryptocurrency is after all a digital currency, and there are still many project risks, which are not suitable for a large number of coins, so everyone should monitor the current market conditions, invest appropriately, and adjust the risks in a timely manner.
What is the difference between eCash And the Bitcoin ABC?
eCash is a cryptocurrency, and Bitcoin ABC is the software that businesses use to interact with and maintain the eCash network.
The team behind the Bitcoin ABC program also operates under the same name Bitcoin Cash ABC (BACHA) is an offshoot of Bitcoin Cash.
Bitcoin ABC is a complete node implementation of the BACHA protocol. We aim to provide BACHA with reliable and stable software and infrastructure, and lead the development of the protocol to build global electronic cash.