BCHA Powerful Rebranding.
The eCash coin was developed by an knowledgeable workforce of BTC developers that labored on Bitcoin Money, and it’s also a fork of Bitcoin with a touch of an insistent technical roadmap.The renowned economist Milton Friedman is the revolutionary mind guiding the cryptocurrency “eCash”. It follows via on the key promise of the blockchain scaling process. The progressive Avalanche Consensus Layer and token layer function the right technical focal point for eCash. One of many eCash coin’s ultimate goals is to introduce unique features that haven’t been seen in Bitcoin initiatives. The options embrace staking, fork-free community upgrades, and subchains. Let’s dive in to be taught every thing it’s good to learn about eCash and worthwhile eCash swap.
What’s eCash coin?
eCash is a platform is constructed on many fundamental applied sciences that assist the Bitcoin protocol. A few of these applied sciences embody mounted provide and halving schedules. The tech is mixed with governance protocol and a fashionable Proof-of-Stake (PoS) consensus mechanism.
The eCash ecosystem also aims at providing a simple, swift, and safe fee service for both worldwide transactions and settlements. With this in thoughts, it becomes its goal to be a “universal forex made obtainable to everyone over the globe”.
XEC token
Its native token “XEC” powers the eCash platform with important use-cases reminiscent of token minting and staking.
Token Minting: With this function, XEC token holders can mint tokens with a customized title, icon, decimal locations, and supply utilizing the eCash coin protocol. However, customers are required to pay for community transaction charges utilizing XEC tokens. As well as, the eCash platform supports NFTs.
Staking: This function allows XEC crypto holders to take part in Avalanche staking as part of eCash governance.
Initially, the token ticker for the XEC coin was BCHA (Bitcoin Cash ABC). Now, it has undergone rebranding to change the ticker symbol and redenomination of the token. This rebranding permits BCHA coin holders to convert their digital belongings to XEC tokens at a ratio of 1:1,000,000.
eCash additionally goals at being a person-pleasant platform with the assistance of upgrades like “bits”, which makes it attainable to ship small XEC crypto funds. Customers can now alternatively send an quantity like 10 bits instead of inputting a cumbersome value like 0.00001 BTC.
The strategies and plans put in place by eCash to extend XEC market worth embrace the XEC token redenomination process. They argue that psychologically, the market evaluation suggests that decrease unit costs enjoy better bull market appreciation. Subsequently, eCash coin described the redenomination process as a “no-brainer”.
Bitcoin Money ABC and eCash
Bitcoin Money ABC (BCHA), which is a fork of Bitcoin and Bitcoin Cash (BCH) officially, launched its rebranding course of as eCash (XEC) on July 1, 2021. The journey to eCash coin began when a brand new Bitcoin Money blockchain separated from the previous one with one other onerous fork update in November 2018. It was at this moment that the Bitcoin Money SV came into existence while the initial Bitcoin Money first became often known as Bitcoin Money ABC before sustaining simply Bitcoin Money as its name.
Two years later, in November 2020, the chain split once more and this time ensuing within the Bitcoin Money ABC (BCHA) blockchain. The BCHA chain rebranded itself to eCash in July 2021. In addition to the rebranding, eCash brings a redenomination of the token and introduces a Proof-of-Stake (PoS) consensus layer.
Key features
Avalanche Consensus
Avalanche makes use of four interoperational mechanisms to offer a close to-rapid transaction finality mixed with low latency, fork-free code upgrades, and high throughput. The Avalanche algorithm is also liable for the facilitation of the decentralized governance of the eCash coin ecosystem.
One other innovative feature of the XEC crypto community is the CashFusion. eCash plans to make sure users’ complete privacy, which is the central precept of sound cash. This innovative plan is what brought about the eCash platform supporting the CashFusion protocol. The Cashfushion protocol is a form of privacy tech, which is much like privacy coins.
eCash swap: The best way to alternate to eCash?
You may perform an eCash swap on Swapzone, which is an eCash exchange aggregator for the most effective eCash swap rate in the market. Following this step-by-step instruction will aid you to get some XEC:
Open Swapzone on your internet browser.
In the “select pair” tab, select the “send” part and insert the quantity of Bitcoin that you’re keen to swap for XEC.
In the “get up to” section, choose eCash and see the change price.
Instantly after you enter the details, Swapzone will provide you with quite a few provides. You have got the option to choose primarily based on the most effective fee, quickest, and the one with one of the best service score.
If you are uncertain a few sure change, merely click on it and you will get extra info on the change partner reminiscent of professionals and cons together with person evaluations.
Once you find a suggestion you want, merely click on on it and click on “exchange”.
Enter the wallet tackle to receive the eCash crypto. Hit on “proceed to exchange”.
After your deposit is obtained, the exchange companion will then convert your Bitcoin deposit to XEC. Simply await the eCash swap to finalize. It may take some time.
As soon as the eCash swap finalizes, you’ll obtain your XEC coins at your wallet deal with. Take a second to fee the exchange accomplice and leave behind an honest assessment. That’s it, your Bitcoin to eCash swap is full.
eCash swap: step-by-step video information
A visual learner somewhat than an instruction reader? Not an issue! A video guide on changing to XEC is correct right here for you.
eCash wallets
In case you don’t know which wallets assist eCash, hold on here and skim further. There may be the eCash wallet section the place you can find a spot to retailer your XEC cryptocurrency. Moreover, you’ll be able to retailer your XEC crypto on among the exchanges’ eCash lists as dependable on the website. Nevertheless, as a substitute of storing your coins on exchanges after buy, it is recommended to use a dedicated wallet for both lengthy-term storage and security.
Hardware wallets are one of the wallets for the eCash coin that you need to use. Hardware wallets are identified to supply probably the most outstanding security however they’re relatively more expensive. However, it’s best to consider a hardware wallet in case you plan for lengthy-time period storage. The eCash platform helps main eCash coin wallets like ViaWallet, ElectrumABC, and Dove Wallet. There’s also an option of a non-custodial open-supply wallet – Cashtab. As an example, you possibly can check Cashtab wallet overview to verify you utilize a legit version.