Cryptocurrencies

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Introduction to eCash (XEC) coin issuance price and quantity

eCash's significant pre-mined coin distribution, estimated around 8%, played a role in its initial supply and distribution dynamics.

Dec 17, 2024 at 05:15 pm

Key Points:

Background and Origins of eCash
Coin Issuance Price and Quantity
Distribution of Pre-mined Coins
Mining Parameters
Current Supply and Market Value

Introduction to eCash (XEC)

eCash (XEC) is a decentralized cryptocurrency that was forked from Bitcoin Cash (BCH) in November 2020. It is designed to be a fast, scalable, and secure digital currency that is suitable for everyday use. eCash is based on the Bitcoin SV (BSV) protocol and has a number of features that distinguish it from other cryptocurrencies, including a high block size limit and a commitment to maintaining the original Bitcoin vision.

Coin Issuance Price and Quantity

When eCash was launched, the issuance price of XEC was approximately $0.35. The initial total supply of XEC was set at 21 trillion coins, which is the same as the supply of BSV. However, it should be noted that not all of the XEC coins were created equal.

Distribution of Pre-mined Coins

A significant portion of the XEC coin supply was pre-mined, meaning that it was created before the launch of the network. These pre-mined coins were distributed to the development team, early investors, and other contributors. The exact distribution of these pre-mined coins is not publicly available, but it is estimated to be around 8%.

Mining Parameters

XEC coins are mined using the SHA-256 algorithm, which is the same algorithm used by Bitcoin and other popular cryptocurrencies. The block time for XEC is 10 minutes, and the block reward is currently 12.5 XEC coins. The block reward will halve every four years, as is the case with Bitcoin.

Current Supply and Market Value

As of July 2023, the circulating supply of XEC is around 11 trillion coins. The market capitalization of eCash is currently around $4.5 billion, which makes it one of the top 50 cryptocurrencies by market cap. The price of XEC has fluctuated significantly since its launch, but it has been on a general upward trend in recent months.

FAQs:

What is the difference between eCash and Bitcoin Cash?
eCash is a fork of Bitcoin Cash that was created in November 2020. It has a number of features that distinguish it from BCH, including a high block size limit and a commitment to maintaining the original Bitcoin vision.
How can I mine XEC?
XEC coins can be mined using SHA-256 mining hardware. There are a number of different mining pools available, and the choice of pool will depend on your individual circumstances.
Where can I buy and sell XEC?
XEC is currently available for purchase on a number of different cryptocurrency exchanges. Some of the most popular exchanges include Binance, Coinbase, and Kraken.
What is the future of eCash?
The future of eCash is difficult to predict, but the project has a strong team and a clear vision. The team is focused on developing a fast, scalable, and secure digital currency that is suitable for everyday use. If the team is able to achieve its goals, eCash could become a major player in the cryptocurrency market.

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