What is XEC coin? Introduction to the issue price, total amount and white paper of XEC coins

Launched in July 2021, XEC Coin (eCash) boasts a total supply of 21 billion coins and offers enhanced scalability, privacy, and usability compared to Bitcoin through features like larger block sizes and optional privacy protocols.

Oct 26, 2024 at 07:29 pm

Understanding XEC Coin: Issue Price, Total Supply, and White Paper

1. What is XEC Coin?

XEC Coin (eCash) is a cryptocurrency fork of the original Bitcoin Cash blockchain, launched on July 1, 2021. It aims to improve scalability, privacy, and usability compared to the legacy Bitcoin network.

2. Issue Price

The initial issue price of XEC Coin was not explicitly defined or offered through a public sale. Instead, it was distributed to holders of Bitcoin Cash (BCH) at a ratio of 1 BCH to 10,000 XEC.

3. Total Supply

The total supply of XEC Coin is limited to 21,000,000,000 XEC, similar to the total supply of Bitcoin (BTC).

4. White Paper

The XEC Coin white paper, titled "eCash: A Digital Cash System," was published on June 22, 2021. It provides a detailed overview of the project's goals, technical architecture, and economic model.

Key Highlights of the White Paper:

Scalability: XEC employs a larger block size than Bitcoin, enabling faster and cheaper transactions.
Privacy: XEC adopts the Zerocoin protocol for optional privacy, allowing users to anonymize their transactions.
Usability: The coin is designed to facilitate everyday payments, with a focus on low fees and ease of use.
Long-Term Vision: The white paper outlines a roadmap for future developments, including the integration of smart contracts and decentralized applications.

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