United States Dollar

<h2>What is eCash?</h2>

As a ‘cryptocurrency meant to be used as electronic cash’, eCash (XEC) is a restructured version of Bitcoin Cash ABC (<a rel="noopener noreferrer" href="https://crypto.com/price/bitcoin-cash-abc-2?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=ecash&amp;utm_content=bcha">BCHA</a>), which is itself a fork of Bitcoin (<a rel="noopener noreferrer" href="https://crypto.com/price/bitcoin?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=ecash&amp;utm_content=btc">BTC</a>) and Bitcoin Cash (<a rel="noopener noreferrer" href="https://crypto.com/price/bitcoin-cash?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=ecash&amp;utm_content=bch">BCH</a>). 

<h2>A brief history of eCash</h2>

Amaury Sechet, the lead developer of Bitcoin Cash, forked that blockchain to establish Bitcoin Cash ABC on 15 November 2020. Sechet then decided to rebrand Bitcoin Cash ABC toeCash on 1 July 2021 to establish a new brand identity to go along with the token’s reduction of decimal places, which he hoped would help with the adoption of the coin.

XEC developers aspire for the currency to offer compatibility with Ethereum’s decentralised finance (DeFi) sector and accessibility to the Ethereum virtual machine (EVM). The developers intend to fulfil five core missions in order for the coin to be successful: ensuring anonymous transactions and transaction immutability; applying lower transaction costs; enforcing globally secure transactions with finality in fewer than three seconds; and designing the coin’s infrastructure as a public good funded through its social contract.

<h2>How eCash Works</h2>

The multi-layered architecture of the eCash network combines a privacy-focused blockchain with an EVM subchain, allowing developers to construct decentralised apps (DApps) and smart contracts easily. One of the most effective approaches for new blockchains to gain greater scalability is to separate smart contract functionality. Notably, the EVM designation implies that Ethereum developers may migrate or extend their existing DApps to the eCash network without reprogramming their projects.

On the eCash protocol, anybody may build customised tokens because the system eliminates the normal technical requirements. For improved security, eCash offers a native wallet called Sighash. Using this system, users may check their holdings, and buy, sell, and trade their cryptocurrency. When users stake XEC tokens, they gain rewards and more; staking provides the network with added security and users a low-risk passive income stream. 

Avalanche, a new consensus algorithm, lies at the core of the eCash strategy. This one-of-a-kind proof of stake (PoS) system allows regular users to participate in the validation process without buying costly mining rigs. Avalanche has a plethora of complex features, including an Adaptive Block Size that can scale up to 1TB.

The CashFusion Protocol is a network privacy management add-on. The system provides high anonymity comparable to the most popular privacy coins. The system allows users to conduct private transactions. At the same time, these transactions are substantially more expensive to track than regular transactions.

<h2>What is eCash (XEC) used for?</h2>

There are several problems that eCash aims to minimise in the industry. For one, the protocol wants to streamline onboarding investors by becoming more of an understandable and approachable system. For example, projects like Bitcoin, whose atypical format and unique technical structure may confuse beginners, introduce new terminologies and symbols that all contribute to the technical obstacles of adoption. Recognising these concerns as barriers, eCash’s inventors chose to stay with a two-decimal structure that mimics fiat currency.

The PoS system of eCash allows developers to construct DApps and smart contracts easily, and enables regular users to participate in the validation process without buying costly mining rigs. Additionally, the system allows users to conduct private transactions.

<h2>Hvad er eCash?</h2>Som en 'kryptovaluta beregnet til at blive brugt som elektroniske kontanter' er eCash (XEC) en omstruktureret version af Bitcoin Cash ABC (<a rel="noopener noreferrer" href="https://crypto.com/price/bitcoin-cash-abc-2?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=ecash&amp;utm_content=bcha">BCHA</a>), som i sig selv er en fork af Bitcoin (<a rel="noopener noreferrer" href="https://crypto.com/price/bitcoin?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=ecash&amp;utm_content=btc">BTC</a>) og Bitcoin Cash (<a rel="noopener noreferrer" href="https://crypto.com/price/bitcoin-cash?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=ecash&amp;utm_content=bch"> BCH</a>). <h2>En kort historik om eCash</h2>Amaury Sechet, den ledende udvikler af Bitcoin Cash, forkede den blockchain for at etablere Bitcoin Cash ABC den 15. november 2020.Sechet besluttede derefter at omdanne Bitcoin Cash ABC til eCash den 1. juli 2021 for at etablere en ny brandidentitet, der skal følge med tokenets reduktion af decimaler, som han håbede ville hjælpe med vedtagelsen af mønten.XEC-udviklere stræber efter, at valutaen skal tilbyde kompatibilitet med Ethereums decentraliserede finanssektor (DeFi) og tilgængelighed til den virtuelle Ethereum-maskine (EVM).Udviklerne har til hensigt at opfylde fem kernemissioner for at mønten skal lykkes: at sikre anonyme transaktioner og transaktions uforanderlighed; anvendelse af lavere transaktionsomkostninger; håndhæve globalt sikre transaktioner med endelighed på mindre end tre sekunder; og design af møntens infrastruktur som et offentligt gode finansieret gennem dens sociale kontrakt.<h2>Sådan fungerer eCash</h2>Flerlagsarkitekturen i eCash-netværket kombinerer en privatlivsfokuseret blockchain med en EVM-underkæde, hvilket giver udviklere mulighed for nemt at konstruere decentraliserede apps (DApps) og smart kontrakter.En af de mest effektive tilgange for nye blockchains til at opnå større skalerbarhed er at adskille smart kontrakt-funktionalitet.Navnligt medfører EVM-betegnelsen, at Ethereum-udviklere kan migrere eller udvide deres eksisterende DApps til eCash-netværket uden at omprogrammere deres projekter.På eCash-protokollen kan enhver bygge tilpassede tokens, fordi systemet eliminerer de normale tekniske krav.For forbedret sikkerhed tilbyder eCash en indbygget wallet kaldet Sighash.Ved at bruge dette system kan brugere tjekke deres beholdninger og købe, sælge og handle deres kryptovaluta.Når brugere staker XEC-tokens, får de belønninger og mere; staking giver netværket ekstra sikkerhed og brugere en passiv indkomststrøm med lav risiko. Avalanche, en ny konsensusalgoritme, er kernen i eCash-strategien.Dette enestående proof of stake-system (PoS) giver almindelige brugere mulighed for at deltage i valideringsprocessen uden at købe dyre miningrigge.Avalanche har et væld af komplekse funktioner, herunder en adaptiv blokstørrelse, der kan skaleres op til 1 TB.CashFusion-protokollen er en tilføjelse til netværksstyring af privatliv.Systemet giver høj anonymitet, der kan sammenlignes med de mest populære privacy coins.Systemet giver brugerne mulighed for at udføre private transaktioner.Samtidig er disse transaktioner væsentligt dyrere at spore end almindelige transaktioner.<h2>Hvad bruges eCash (XEC) til?</h2>Der er flere problemer, som eCash sigter mod at minimere i branchen.For det første ønsker protokollen at strømline onboarding-investorer ved at blive et mere forståeligt og tilgængeligt system.For eksempel introducerer projekter som Bitcoin, hvis atypiske format og unikke tekniske struktur kan forvirre begyndere, nye terminologier og symboler, der alle bidrager til de tekniske hindringer for adoption.Idet de anerkendte disse bekymringer som barrierer, valgte eCashs opfindere at forblive med en struktur med to decimaler, der efterligner fiat-valuta.PoS-systemet i eCash giver udviklere mulighed for nemt at konstruere DApps og smarte kontrakter og gør det muligt for almindelige brugere at deltage i valideringsprocessen uden at købe dyre miningrigge.Derudover giver systemet brugere mulighed for at udføre private transaktioner.

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.css-13hqrwd{font-weight:var(--chakra-fontWeights-medium);will-change:transform;transition-property:color;transition-duration:1.5s;}$0.00003078 USD

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