![XEC](https://images.mudrex.com/XEC.png)
ECash
XEC
Watchlist
₹0.002633
LIVE
Watchlist
24H Low ₹0.002596
24H High ₹0.002687
Price of XEC today
The current live price of XEC today is ₹0.002633, with a 24-hour trading volume of ₹44,76,55,229.76. Our XEC to INR price is updated in real-time. XEC has seen a increment of 1.27% in the last 24 hours. With a live market cap of ₹51,92,19,20,505.25 , the circulating supply is at 19,753,814,048,090 XEC coins, with a maximum supply of 21,000,000,000,000XEC coins.
ECash Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.00002255 | 0.87% |
7 Days | -₹0.0001281 | 4.65% |
30 Days | -₹0.0002282 | 7.95% |
1 Year | ₹0.0005033 | 23.94% |
ECash Price Information
Price Change (1hr)
0.89%
Price Change (24hr)
0.87%
Price Change (7d)
4.65%
eCash Market Stats
Market Cap
₹51,92,19,20,505.25
Fully Diluted Market Cap
₹55,19,74,58,473.28
24hr Volume
₹44,76,55,229.76
32.7%
Circulating Supply
19753814048090 XEC
Total Supply
21000000000000 XEC
Things to know about ECash
What is the token?
eCash (XEC) is a cryptocurrency designed to be used as electronic cash, aiming to become a universal currency accessible to everyone globally. It is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). eCash incorporates a Proof-of-Stake (PoS) consensus layer called “Avalanche,” distinct from the Avalanche (AVAX) blockchain, to improve scalability and transaction speed. The rebranding from BCHA to XEC included a redenomination of the token at a ratio of 1:1,000,000, aiming to make transactions more user-friendly by using smaller denominations called “bits” instead of unwieldy decimal places.
Tokenomics
eCash follows a fixed supply model similar to Bitcoin, with a maximum supply of 21 trillion XEC tokens. Approximately 90% of all eCash that will ever exist has already been mined, with the inflation rate already low (less than 2% as of 2021) and expected to decrease to zero. The development team holds only a tiny amount relative to the total supply, ensuring that the new supply of XEC into the market will continue to be very limited.
Market Data
As of today #{today’s date}, the price of ECash is ₹0.002633 INR or 0.00002919 USD, with a 24-hour trading volume of 4962918.29 USD. The market capitalization for ECash is 575631047.73USD. The circulating supply is 19753814048090 ECash, with the total supply also being 19753814048090 ECash.
Token Pros and Cons
Pros:
Scalability
: eCash aims to scale from about 100 transactions per second to over 5 million transactions per second.
User-Friendly
: Using “bits” as the base unit makes transactions easier to understand and execute.
Decentralized Governance
: eCash incorporates staking and decentralized Governance, allowing token holders to participate in the network’s decision-making process.
Privacy Features
: Implements CashFusion protocol for enhanced privacy, offering anonymity comparable to leading privacy coins.
Innovative Consensus Mechanism
: Utilizes the Avalanche consensus mechanism for improved scalability and security.
Cons:
Complexity for New Users
: The transition from BCHA and introducing new concepts like Avalanche consensus might confuse the need for further clarification.
Market Volatility
: As with all cryptocurrencies, eCash is subject to market volatility, leading to significant price fluctuations.
Competition
: Faces stiff competition from other cryptocurrencies aiming to be used as electronic cash.
Regulatory Uncertainty
: Cryptocurrencies, including eCash, face regulatory challenges that could impact their adoption and use.
Adoption Rate
: The success of eCash depends on its adoption rate among users and merchants, which needs to be determined.
Why Should You Invest in the Coin?
High Scalability Potential
: eCash’s goal to significantly increase transaction throughput makes it a promising investment for future scalability.
Active Development
: Continuous improvements and a clear roadmap indicate a solid commitment to the project’s success.
Limited Supply
: The fixed supply of XEC tokens could lead to increased demand and higher prices over time.
Privacy and Security
: Features like CashFusion provide users with enhanced privacy, making eCash an attractive option for privacy-conscious investors.
Staking Rewards
: The opportunity to earn rewards through staking offers an additional incentive for investors.
USP of the coin
Avalanche Consensus Mechanism
: Differentiates eCash from other cryptocurrencies by improving scalability and security.
User-Friendly Denominations
: “Bits” make transactions more straightforward and relatable to everyday currency.
Decentralized Governance and Staking
: Allows community participation in decision-making and network security.
The problem the coin is solving
eCash aims to solve the problem of slow transaction speeds and high fees associated with traditional cryptocurrencies like Bitcoin. It seeks to provide a scalable, secure, and user-friendly digital currency that can be used for everyday transactions globally.
Founder and team background
Amaury Séchet, a former Facebook engineer and a prominent figure in the Bitcoin Cash community, is the lead developer behind eCash. He has been instrumental in developing Bitcoin Cash and its subsequent forks, bringing significant experience and expertise to the eCash project.
ICO Price
The rebranding from BCHA to XEC did not involve a traditional ICO but was a redenomination and rebranding effort. Every BCHA holder received 1 million XEC for every BCHA held during the rebranding.
Risks Associated with Investing in the Coin
Market Volatility
: Cryptocurrency prices are highly volatile, and eCash is no exception.
Regulatory Risks
: Changes in cryptocurrency regulations could negatively impact eCash.
Adoption Challenges
: Widespread adoption is crucial for eCash’s success but remains uncertain.
Competition
: eCash faces competition from other digital currencies aiming to serve as electronic cash.
Technical Risks
: Implementing new technologies like Avalanche Consensus carries inherent technical risks.
Whitepaper Insights
ECash (XEC) is a cryptocurrency that aims to fulfill the vision of providing a scalable, secure, and user-friendly digital currency for global transactions. The whitepaper of eCash presents it as a continuation of the Bitcoin Cash project, aligning with the economic theories of Milton Friedman. The eCash network is designed to handle a large volume of transactions, to scale from around 100 transactions per second to over 5 million transactions per second. This is to be achieved through various technical improvements such as mass-parallelization, canonical transaction ordering, Schnorr signatures, UTXO commitments, and adaptive block size.
The eCash platform introduces the Avalanche consensus protocol, distinct from the Avalanche (AVAX) blockchain, to enhance blockchain security, enable near-instant confirmation times, and streamline future network upgrades. This consensus mechanism is a critical feature that sets eCash apart from other cryptocurrencies, aiming to provide instant and reliable secure transactions within seconds. The whitepaper also highlights the importance of usability improvements such as CashAddr for easier and safer use, convenient units with two decimal places, and the CashFusion protocol for opt-in privacy.
Regarding extensibility, eCash is designed to be a flexible platform that can accommodate future improvements with minimal disruption. This is facilitated by foundational opcodes, a larger OP_RETURN for tokens on-chain, and the potential for scalable, intelligent contracts through an EVM subnet. The whitepaper envisions eCash as a currency that can support the economy of tomorrow, with a focus on security, low transaction fees, and privacy.
The eCash project is led by Amaury Séchet, a former Facebook engineer and a key figure in the development of Bitcoin Cash. The development team holds only a tiny amount of the total XEC supply, which means that the new supply of XEC entering the market will be very limited, aiming to prevent significant inflation. The whitepaper emphasizes that eCash is not just a new token but a mature project with a substantial portion of its supply already in circulation.
Overall, the eCash whitepaper outlines a comprehensive plan for a cryptocurrency that is a medium of exchange and a platform for innovation in the digital currency space. It aims to address the limitations of traditional cryptocurrencies by providing a scalable, secure, and user-friendly alternative that can be used for everyday transactions and complex financial applications.
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Price as per 11:21 PM • 07 Sep 2024
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What is the price of ECash (XEC)?
The current price of ECash (XEC) in INR is ₹0.002633 INR.
What is the current XEC market cap?
The current market capitalization of ECash (XEC) is ₹51,92,19,20,505.25 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of XEC by the number of coins in circulation.
What is the current supply of ECash (XEC)?
The current supply of ECash (XEC) is 19753814048090 XEC. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of ECash (XEC)?
The 24-hour trading volume of ECash (XEC) in INR is ₹44,76,55,229.76. This figure represents the total value of all XEC transactions across various exchanges within the last 24 hours.
How to Buy ECash (XEC) in India?
To buy ECash (XEC) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in XEC.
Can I buy ECash (XEC) with UPI?
Yes, you can buy ECash (XEC) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert ECash (XEC) to Indian Rupee (INR)?
To convert ECash (XEC) to Indian Rupee (INR), you can use our XEC/INR conversion rates in real time.