eCash

Ecash In-depth Report Generated by AI - For further details, please review:

https://alpha.sosovalue.xyz/trade/XEC-USDT-BINANCE

1)What is ecash(XEC)？

eCash (XEC), originally Bitcoin Cash ABC (BCHA), was rebranded in July 2021 with a token redenomination of 1 BCHA to 1,000,000 XEC, leading to a total issuance of 21 trillion tokens. It's a Bitcoin fork with a more aggressive technical roadmap, including staking and fork-free network upgrades. XEC tokens serve multiple roles: minting custom tokens, paying transaction fees, and governance participation. eCash, committed to innovation and scalability in blockchain technology, undergoes biannual protocol upgrades.

2)Which sector does ecash(XEC) belong to?

eCash (XEC) belongs to the decentralized finance (DeFi) sector. This sector is known for its innovative approach to finance, leveraging blockchain technology to operate without traditional centralized financial intermediaries like banks. eCash aims to be a transactional cryptocurrency for paying for goods and services, and it's designed to integrate with the Ethereum Virtual Machine (EVM) for compatibility with the broader DeFi ecosystem. The DeFi sector is experiencing rapid growth and transformation. As of 2022, the global DeFi market was valued at $13.61 billion and is projected to expand at a compound annual growth rate (CAGR) of 46.0% from 2023 to 2030. This growth is driven largely by the sector's ability to eliminate intermediaries from financial processes, reducing costs and increasing efficiency, especially in areas like the insurance industry. Key drivers of growth in the DeFi sector include the rise of e-sports and gaming, where DeFi tokens are increasingly used for in-app purchases and trading games. This has opened new opportunities for market expansion. The convenience of accessing DeFi platforms through smartphones and their increasing popularity among cryptocurrency enthusiasts are also significant contributors to the sector's growth. However, the DeFi sector also faces challenges, particularly in terms of regulation and security. The infrastructure and regulations surrounding DeFi are still evolving, and investments in this area are not as regulated as traditional banking. There is also a risk associated with the reliance on crypto assets as collateral, which can be volatile. Despite these challenges, the industry is actively working to enhance its functionality, security, and scalability, with initiatives like the transition to the Ethereum 2.0 network, which could further drive the advancement of decentralized finance.

3)What is tokenomics of ecash(XEC) (includes allocation and supply schedule)?

Total Supply: The total supply of eCash is capped at 21 trillion XEC tokens. Circulating Supply: As of now, the circulating supply of eCash is approximately 19.57 trillion XEC tokens. Supply Distribution: eCash follows Bitcoin's supply and distribution model. Like Bitcoin, eCash experiences 'halving events' every 210,000 blocks, approximately every four years, where miner rewards are halved. This process will continue until the total supply cap is reached. Token Allocation: A portion of the XEC token supply is allocated by the eCash team towards community incentives, marketing, and development. The remaining tokens are distributed through mining, a process involving solving complex mathematical equations to verify transactions and add new blocks to the blockchain. Inflation Rate: The inflation rate for eCash is low, less than 2% as of 2021, and is expected to decrease to zero over time. Token Burn: eCash tokens are not burnable. The issuance of eCash is not controlled by a single person or group but is mined into existence starting with the Bitcoin Genesis block in 2009. This means that new supply into the market is very limited.

4)What about the team and the investors of ecash(XEC)?

eCash (XEC) is spearheaded by Amaury Sechet, a significant figure in the development of Bitcoin Cash (BCH). Sechet played a crucial role in eCash’s development, notably in its transition from Bitcoin Cash ABC (BCHA). He has been highly active in the cryptocurrency field, including leading the initial fork of Bitcoin Cash from Bitcoin and subsequent developments. Before his involvement in cryptocurrencies, Sechet was a software engineer at Facebook and a lead developer at Stupid D Compiler.

5)What is the development history of ecash(XEC)?

List all important events and milestones in the development process of ecash(XEC). Initial Conception (1982): eCash was initially conceived by David Chaum as an anonymous cryptographic electronic money system in 1982. This concept was realized through his corporation DigiCash and was used as a micropayment system at a U.S. bank from 1995 to 1998. DigiCash Era (1989 - 1998): David Chaum started the company DigiCash in 1989, which featured "ecash" as its trademark. Despite raising significant funding and implementing the ecash system in several banks across Europe, DigiCash went bankrupt in 1998. This happened in an era where credit cards were the dominant form of electronic payment. Acquisition and Trademark Issues (Post-1998): Following DigiCash's bankruptcy, the eCash patents and trademarks were acquired by eCash Technologies. In 2000, eCash Technologies became embroiled in a legal battle over trademark infringement and unfair competition with eCash.com. Eventually, eCash Technologies also went bankrupt, and in 2002, it was acquired by InfoSpace. Rebranding as Bitcoin ABC (2013): The eCash project, as we know it today, was initially introduced in 2013. This version of eCash was a decentralized, open-source cryptocurrency, aimed at creating a more secure and efficient digital currency. Integration of Advanced Cryptographic Algorithms: eCash distinguished itself by using advanced cryptographic algorithms, ensuring high levels of security and privacy. Its transactions are completely anonymous, allowing users to send and receive payments without revealing their identities. Growing Acceptance and Low Transaction Fees: Today, eCash is accepted by a wide range of merchants and online retailers. Its low transaction fees, as compared to traditional payment methods, make it an attractive option for international transfers and online payments. Recent and Future Innovations: As a rebrand of Bitcoin ABC, eCash has made key developments such as integrating the Avalanche Post-Consensus protocol, which significantly improves security and transaction speed. Future innovations include the Pre-Consensus milestone, user-friendly Aliases, and the introduction of staking rewards. These developments are intended to secure eCash's position as a scalable and user-friendly form of electronic cash.

6)What is the progress and future roadmap of ecash(XEC)?

Recent Progress (As of November 2023): Avalanche Staking Rewards: The eCash ecosystem has recently launched Avalanche Staking Rewards, which significantly enhances network security and efficiency. Cashtab Wallet: The latest version of chronik-client now supports automated backup servers, enhancing Cashtab uptime. Beta testing for eCash Aliases has begun, and users can swap to/from XEC directly in the wallet using the SideShift.ai widget. Bitcoin ABC Node Software: Recent releases (versions 0.28.3 and 0.28.4) brought new RPCs, a checkpoint after the November 15 eCash network upgrade, and improvements to the Avalanche bootstrapping process. Electrum ABC Wallet: Version 5.2.9 and 5.2.10 included improvements to the Avalanche Proof Editor, bug fixes, and performance enhancements. eCash Ecosystem Features: New features on Coin Dance include Recent Reward Payouts and eCash Staker Public Messaging. The eCash ecosystem app allows holders to discover their status. Avalanche on eCash: The eCash network upgrade introduced staking rewards, which is a significant advancement for the network. Korbit exchange has completed the Avalanche Post-Consensus upgrade and reduced their XEC deposit confirmation requirements. Avalanche Network Overview: The total staked amount is 186.6B XEC, with 72 nodes and 55 peers. Media Coverage: Major exchanges supported the eCash Nov. 15th, 2023 network upgrade, and eCash was integrated into various platforms for buying, selling, and swapping. Future Roadmap: Scaling: The goal is to scale eCash from about 100 transactions per second to over 5 million transactions per second. This requires mass-parallelization. Usability: The focus is on improving the eCash payment experience to ensure it is instant and reliable. All transactions should be received instantly and be completely secure within seconds. Extensibility: The roadmap aims to make eCash extensible, allowing for future improvements to be less disruptive and providing a solid base for businesses and developers. Roadmap Categories and Upgrade Schedule: The roadmap is divided into three main categories: scaling transaction throughput, improving the payment experience, and extending the protocol for fork-free future upgrades. eCash undergoes network upgrades twice a year, on May 15th and November 15th, which are essential for all node operators. These upgrades are based on a timestamp and not a specific blockheight to support business planning.

7)List all important links related to ecash(XEC).

Official Website: The primary resource for all information about eCash.

eCash Official Website.

Technical Resources:

Releases: Information on the latest software releases.

Source Code: Access to the eCash source code on GitHub.

Documentation: Detailed documentation on eCash.

eCash Services:

Exchanges: Platforms where you can trade eCash.

Wallets: List of wallets supporting eCash.

Services: Various services associated with eCash.

Mining: Information on mining eCash.

Staking: Details on eCash staking options.

Additional Resources and Community:

eCash Global Network Council (GNC): Information about the governing council.

Avalanche on eCash: Dedicated site for the Avalanche consensus on eCash.

eCash Scorecard: Metrics and data on eCash.

eCash Supply: Information on eCash's supply metrics.

eCash Explorer: A tool to explore eCash transactions.

eCash Community: Community forum for eCash users.

Career Opportunities: Job opportunities with eCash.

Buy XEC: Official link to purchase eCash.

Social Media and Community Channels:

Twitter: For latest updates and community interaction.

Reddit: Community discussions and support.

Facebook: Connect with the eCash community on Facebook.

Discord: Join the eCash community on Discord.

Telegram: A platform for real-time communication with the eCash community

8)Bullishness index for ecash(XEC) from the perspective of token valuation and future potential

The bullishness index for eCash (XEC) from the perspective of token valuation and future potential is generally positive, as per various price predictions and analyses:

Price Predictions for Upcoming Years: 2023: Maximum Price: $0.0000725, Average Price: $0.0000681, Minimum Price: $0.0000593. 2024: Maximum Price: $0.000217, Average Price: $0.000159. 2025: Maximum Price: $0.000493, Average Price: $0.000368. 2030: Maximum Price: $0.0084, Average Price: $0.0076. 2040: Maximum Price: $0.25, Average Price: $0.18. 2050: Maximum Price: $2.31, Average Price: $1.93. Growth and Popularity: eCash has shown significant growth in the crypto market since its launch, providing good returns to early investors. The platform has real use cases and a strong community backing, making it a promising project in the long term. Technical Analysis and Market Trends: According to technical analysis, eCash prices are expected to continue growing over the next 5 to 10 years. The XEC coin is considered a good investment option for the long term, especially given its focus on enhancing the payment experience and reducing transaction finality time. These predictions and analyses indicate a bullish sentiment towards eCash, with expectations of continued growth and value increase. However, it's important to remember that the cryptocurrency market is highly volatile, and these predictions are subject to change based on various market factors. Investors should conduct their own research and consider the risks involved in cryptocurrency investments.