eCash (XEC) is a cryptocurrency based on the Bitcoin Cash ABC network. eCash was also named Bitcoin Cash ABC (BCHA), but its value was rebranded to 1: 100,000 and was rebranded as eCash in July 2021. The history of Ecash and the Bitcoin Cash ABC network is somewhat controversial as their teams went their separate ways due to disagreements between technical details of the block size or the 1MB size cap. They ultimately went their separate ways when the two teams couldn’t agree on how to pay.
After the rebranding of eCash, experts say the network has made efforts to add the Proof-of-Stake consensus protocol, which helps speed transactions. Experts have also suggested that eCash (XEC) focus on EVM compatibility, which may mean plans for interoperability with Ethereum-based projects. ECash started out as a weak cryptocurrency and started trading at $ 0.00002 in July 2020. It wasn’t until August that its value started to rise and hit $ 0.00008. On September 4, the value of XEC rose significantly and hit its all-time high of $ 0.0004. It hasn’t broken its all-time high yet and is trading in the $ 0.0002 to $ 0.0003 area, which is a very good potential price for a coin as young as the Ecash. Therefore, the projections can be interesting but contradictory for Ecash.
From the price projections, it is clear that eCash (XEC) projections are not linear and can be unpredictable. Therefore, we cannot say for sure that its value will continue to increase or decrease over the next several years. However, since this is a new currency, investors will always remain vigilant to test its potential. Future growth depends on how well eCash adopts the latest technology. Thorough research is essential before deciding to invest.
Why did the two currencies split?
Bitcoin Cash ABC decided to go their separate ways after the core developer group wanted to impose an 8% “miners tax” on every purchase. A newly mined coin is normally given to the successful miner as a block reward and is sent to the address owned by the developers. The two teams disagreed on this mode of the reward system.