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XEC: Akankah Sesukses Bitcoin Cash? Pump or Dump? - YouTube
Channel: Angga Andinata
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Many of you request about eCash
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or XEC.
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Today we will discuss eCash.
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That many people said was a fork of bitcoin cash.
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The great-grandchildren of Bitcoin, if you may say so.
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So what's so interesting
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about this eCash?
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Collectable or not?
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Or you can also follow the crypto learning playlist.
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So, what is XEC?
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XEC is the ticker of a cryptocurrency called e-cash.
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eCash was formerly known as Bitcoin cash ABC.
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Bitcoin cash ABC
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is a hard fork of Bitcoin cash.
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After changing the name to XEC, the
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value is redodomized
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to 1: 1,000,000.
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Okay, so there are two different crypto coins, huh.
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There is Bitcoin cash ABC
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which we now know as e-cash,
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there is also Bitcoin cash.
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These are two different projects.
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Well, after redenomination,
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each Bitcoin cash ABC
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will be replaced with one million XEC.
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So the total supply
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turned into 21 trillion coins.
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The mission of e-cash is to increase the transaction speed
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from around 100 transactions per second
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to more than five million transactions per second.
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It then increases payment security,
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and transactions are processed within three seconds at most.
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Then also create a Fork-free Network.
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However, it is
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not explained how to create a fork-free network.
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Because we know,
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forks are always there.
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eCash network will be upgraded every year.
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That's on May 15 and November 15.
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So you who collect eCash
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can pay attention on these dates too.
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eCash was built by the developers who created Bitcoin cash.
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But with a much more aggressive roadmap.
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Oh yes, for those of you who like token
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coin reviews or blockchain projects, you
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can follow this playlist.
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I will put the link in the description column.
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Okay, it's not complete if we don't talk about the origins of Bitcoin cash ABC
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or eCash.
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So Bitcoin cash ABC
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is the result of a fork of Bitcoin cash
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because there was a feud between
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miners after Amaury Sechet
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developer of Bitcoin ABC
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introduced a new regulation
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where Bitcoin cash
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miners will be taxed Eight percent
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for development.
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Bitcoin ABC itself is the dominant Lead developer in the Bitcoin Cash Project.
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The problem is that the
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funds are controlled by Amaury Sechet himself.
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Then a fierce feud ensued.
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Until finally there was a fork.
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Bitcoin cash broke into Bitcoin cash ABC
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and the old Bitcoin cash.
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On 15 Nov 2020,
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they officially fork.
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Is the problem solved?
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No guys.
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Because as usual,
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there are get carried away.
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After the fork was made,
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an Eight percent tax was implemented on Bitcoin cash ABC.
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A group of whales then attacked the ABC Cash Bitcoin Network
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with a 51% attack.
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Then change the code
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from the original tax of eight percent
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to 100%.
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It doesn't stop there,
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they combine attacks with flooding transactions
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and making mining activities
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a waste of money and energy.
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That said,
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this attack costs about 7,300 dollars per hour.
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The goal is
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to destroy the network
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of Bitcoin cash ABC
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and drain the energy of miners.
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Vitalik Buterin even spoke up because of this case.
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Not long after,
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Bitcoin cash ABC was
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rebranded into eCash
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with the ticker XEC.
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Maybe many are asking
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why should rebrand?
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The exact reason I also do not know 100%.
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It's also possible, in my opinion,
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so that people forget about the 51% attack.
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What is certain is that this incident is a very bad brand image for a network.
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Moreover, the network is quite new.
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Information about eCash
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or Bitcoin cash ABC is
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also not widely found on the internet.
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On July 1, 2021,
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Developer of Bitcoin cash ABC
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decided to rebrand to eCash.
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Changing the name from Bitcoin cash ABC
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to eCash is
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not just a name change.
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Even though the Network explorer itself still uses Bitcoin ABC.
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After the rebrand to eCash, the
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consensus changed
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to proof of stake.
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By using layers of avalanche.
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The info,
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can make transactions safer
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and faster.
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If you want to collect eCash, you
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can buy it at major exchanges such as binance,
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Huobi,
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GET.IO,
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OKEx,
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Hotbit,
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MAX,
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Tokocrypto, Indodax, and many more.
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What's the project plan like?
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This is the most important.
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For the Project plan, you can go to the eCash web.
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Here it is explained which projects have been realized.
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And which projects are still in the development stage.
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Or is it just wishful thinking.
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Well, what's interesting in this section.
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In the post-consensus avalanche section.
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That said can Fork free upgrades.
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How to implement it, I don't know yet.
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Later eCash will integrate with Ethereum's EVM
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and support smart contracts.
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Is e-cash worth buying?
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When this video was made,
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XEC or e-cash
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was ranked 46.
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Rebranding Bitcoin cash ABC
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to eCash
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seems to be quite effective.
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Because previously Bitcoin cash ABC
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was ranked in the two hundreds. If I'm not mistaken.
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And Bitcoin cash
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is ranked 18th
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by coinmarketcap.
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For a while because e-cash is still new,
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adoption of e-cash is still very low.
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Both Bitcoin cash,
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Bitcoin SV,
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Bitcoin Cash ABC,
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eCash, these all have a common ancestor,
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namely the original Bitcoin
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created by Satoshi Nakamoto.
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If it's me,
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if me guys.
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It's better for the original Bitcoin.
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The one with the ETF.
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Although in the form of Futures.
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Which has been adopted by other countries.
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That's for sure.
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Don't use speculation.
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So why do we have to be distracted with other Altcoins
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that are still uncertain.
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Why I chose Bitcoin in full is in this video.
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Mending for sure.
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And if we know that
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there are a lot of forks from Bitcoin.
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But not much can work.
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One that worked was Bitcoin cash.
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Bitcoin cash, guys.
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Not Bitcoin cash ABC.
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And many are also victims of 51% Attack.
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Then hardfork again and again.
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It's just like a battlefield.
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But if we trade in the short term and believe in the road map, it's
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okay , it's fine.
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We just devide for the budget.
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Also Pay attention to the dates of May 15
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and November 15.
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Because eCash
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will update on every that date.
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I'm Angga Andinata, see you in another video.
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