The eCash (XEC) aims to offer the world a safer P2P electronic cash system. The success of Bitcoin Cash (BCH) is where the eCash project builds. Significant lessons learned by the developers from Bitcoin Cash were used, and solutions were applied to eCash, making the protocol safer, more scalable, as well as more adaptable compared to the previous project.
Collaborations and Endorsements
The eCash project can be accessed on various exchanges, although it’s quite new to the crypto space. You can avail of this on well-known exchanges such as Binance, Upbit, Okex, Mandala, and Huobi Global.
The eCash digital coin has been accepted as a mode of payment by Weownomy, a brand-new social network company that is based in Delaware, USA. Weownomy claims that the digital coin will be utilised as payment for their content creators and users on their social media platform. They reward users for joining their platform. By this, it represents the main use of eCash such as an inexpensive and high-speed mode of payment.
For long-term investors who are eyeing for promising projects in the crypto space, they see this digital asset as a potential in the cryptocurrency market. However, before you decide on your future investment, you need to engage yourself with a lot of research on the fundamental aspects of this token to guide you further with your analysis of the price prediction of the eCash (XEC) digital token.
eCash’s Future Projects
Various projects are being worked out by the team behind the crypto token. These include the latest crypto developments, blockchain projects, and many more. These projects guarantee to provide sustainability, security, development in the world of cryptocurrency, as well as transaction improvements. As eCash users and investors, it’s essential to always keep updated with the projects to further guide you on your eCash investment.
eCash has unique characteristics that make it distinct from other digital tokens. For future releases, the developers are holding a vast number of tokens. If it will be released, it can create inflation in the digital asset’s economy. However, in the crypto market, there are 90% of XEC tokens already issued. Just like Bitcoin, eCash (XEC) possessed its own blockchain.
Issues eCash Aims to Solve
eCash strives to provide solutions to a lot of issues in the financial market. The project was created to help lessen the confusion of many investors. The bitcoin project has its own flaws. Its unusual format and technical structure can make users throw it off. There are new symbols and terms that all add to the technical obstacles to adoption.
These are crucial issues that eCash is trying to get rid of. Inappropriate hard forks can cause damage to the original project just like when Bitcoin Cash was created. The developers decided that it would be best to establish network upgrades in the future by allowing the network to be protractible or upgradeable for future development. To achieve this goal, the network incorporates the Avalanche Post-consensus structure with improved security.
Issues with Privacy
Various cryptocurrency projects have currently done away with their privacy in reciprocation for a more beneficial perspective from regulators. This left a piece of sad news for many investors at the mercy of an individual who wants to acquire more insight into their activities. With these issues, the eCash system aims to eradicate them by the merging of a Zero-Knowledge Subchain to guarantee that your privacy is protected.
Just like any other digital asset, eCash (XEC) is an extremely volatile cryptocurrency. As a trader or investor, you always have to consider vast fluctuations in its price value. Thus, there are no accurate price projections on whether its value will continue to rise in the future, or it will create a massive dump. However, when ECash shifts to a proof of stake consensus, investors can be optimistic in their perspective about the XEC coin’s future price rise. We can also anticipate an adaptation from mainstream institutions to this digital project by its development in utility, scalability, as well as extensibility.
Moreover, other important factors that play a huge part in the digital token’s growth and expansion are endorsement and collaborations from well-known digital brands in the crypto industry.