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Is eCash (XEC) A Good Investment In 2022?

ECash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a “cryptocurrency that’s designed to be used as electronic cash.”

At the date of writing this post, XEC is trading at $0.00007498. We found that, based on our eCash research, this investment yields a safety rating of 4.4 out of 10 with a projected profit of 75.7% at a price of $0.00007498. According to this crypto asset, Twitter Citation is its primary ranking criterion.

In order to calculate the expected return on the eCash investment in 2022, the computer analyzed the daily values of the crypto asset over the previous six months. In a world where cryptocurrencies fluctuate, there is a strong possibility that XEC values might surge to approach all-time highs in the future.

Is eCash (XEC) A Good Investment In 2022?

eCash Historical Data

eCash is a digital currency that was created as a result of a Bitcoin Cash hard fork. At the moment of the Bitcoin Cash blockchain’s hard fork. eCash was once known as Bitcoin Cash ABC and had the ticker code BCHA.

Because Bitcoin Cash is a hard fork of Bitcoin, the Bitcoin Cash ABC token has some similarities to the top digital asset Bitcoin; for example, the Bitcoin Cash ABC token has a total quantity of 21 million tokens, just like Bitcoin. Furthermore, for their functioning, both digital assets have used the same consensus approach.

The eCash cryptocurrency was created as a result of a disagreement between members of the Bitcoin Cash ABC team. The block size and payment mechanism of the 1 MB token were a source of contention, with each side supporting various ways. The separation became official after both sides couldn’t agree on how to pay for the Bitcoin Cash ABC currency.

Another issue that contributed to the split was the dev team’s desire to levy an 8% miner’s tax on any purchase that included Bitcoin Cash ABC tokens. Miners on the Bitcoin Cash ABC network are rewarded with a newly minted digital coin, however, the manner of payment is a point of contention between the two parties. The network’s separation was unavoidable.

Before its introduction, the E-Cash token was redenominated to 1:100000, and it was formally released in July 2021. The eCash coin’s decimal places will be reduced from eight to two as a result of the redenomination. The new token’s ticker symbol is XEC, and it now has a market capitalization of nearly $3 billion.

The token’s market capitalization and acceptance rank it among the world’s top 50 digital currencies. The entire quantity of the token is limited to 21 trillion coins, with a current circulating circulation of moreover $18.7 trillion.

Despite being a hard fork of the Bitcoin Cash ABC currency, the eCash has made numerous improvements to the network’s general quality. This digital asset, for example, employs a 1 TB block size for transactions on its network. Additionally, the network intends to implement “Avalanche,” a Proof-of-Stake consensus layer that would allow XEC coin holders to stake their tokens to gain rewards.

 

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