Buy eCash (XEC)
What is eCash?
eCash (XEC) is a fast, secure, and scalable cryptocurrency designed for internet transactions, aiming to be used as electronic cash for daily transactions. It serves as a digital form of global money, enabling fast and low-cost payments both online and offline.
How does eCash work?
eCash operates on a blockchain that integrates Proof-of-Work (PoW) with a Proof-of-Stake (PoS) consensus layer known as Avalanche. This hybrid model allows for instant transactions and improved network security. It also includes features like staking rewards, custom token creation (eTokens), and support for subnets, which enhance its scalability and usability. The use of protocols such as CashFusion provides anonymity comparable to top privacy coins.
What are the potential use cases for eCash?
eCash (XEC) is designed for a variety of applications, focusing on fast, low-cost payment solutions. Potential use cases include:
- Digital Payments: Secure and efficient for everyday online and offline transactions.
- Token Minting: Users can create customised tokens with the eCash protocol.
- Staking: Participation in Avalanche staking for network governance and rewards.
- Subnets: Support for custom networks like Ethereum Virtual Machine (EVM) or Zero-Knowledge privacy for decentralised applications.
- NFTs: eCash supports non-fungible tokens for digital asset creation and trading.
- Industries Include: Financial services, e-commerce, and cross-border payments.
What is the history of eCash?
The modern eCash (XEC) emerged from a hard fork of the Bitcoin Cash blockchain in 2020, initially known as Bitcoin Cash ABC (BCHA) and rebranded as eCash in July 2021. Led by Amaury Sechet, it aims to improve upon the scalability and privacy shortcomings of its predecessors. It should not be confused with the original eCash developed by David Chaum in the 1980s, which was one of the earliest digital currency projects, but unsuccessful commercially. The modern eCash continues to evolve with new technologies and market presence, leveraging its novel consensus mechanisms and blockchain innovations.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of eCash (XEC)?
The eCash price is $0.00005643 AUD, representing a +0.41% from the day prior.
Where is the best place to buy eCash (XEC) in Australia?
The best place to buy eCash (XEC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell eCash (XEC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of eCash (XEC)?
The trading volume of eCash (XEC) is $36.7M AUD in the last 24hrs, representing a +0.41% from the day prior.
How can I buy eCash (XEC)?
eCash (XEC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of eCash (XEC)?
The current market cap of eCash (XEC) is $1.1B AUD.
Can I convert eCash (XEC) to cash?
Yes - With Coinstash you can convert your eCash (XEC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many eCash (XEC) are there?
The current circulating supply of eCash (XEC) is 19.8T.
Is Coinstash a safe place to buy eCash (XEC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling eCash (XEC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.