Ride the surge with $XEC on @GuardaWallet!
@eCashOfficial, with its mission to make transactions as seamless as cash, is making waves in the #crypto market.
Manage, exchange, and buy #XEC in a snap. Create your Guarda wallet now 👉 https://t.co/Mh02MDKX3D
Looks like we're about to surpass 240B XEC staked soon with over 7.7B in immatures stakes waiting to come online. Question is will it happen before or after the halving?
✍️ Let's do some math just for fun, just to get an idea of what kind of numbers we're talking about if...
eCash is doing 5M tx/s,
1 XEC = $1 (in terms of purchasing power today),
minimum tx fees are 0.01 sat/byte,
with an average tx size of 5 bytes,
we're talking ~150M XEC/block,
worth the equivalent of $150M of purchasing power in today's dollars.
That's 21.6B XEC/day in block rewards, or 7.9T XEC/year, worth the equivalent of $7.9T to fund public goods, not through taxation, but generated through real economic activity.
Now for 100K XEC, who can tell me what the APY would be in this scenario assuming 2.3T XEC staked if 10% of the block reward goes to stakers?
What is the difference between #eCash#XEC and Bitcoin Cash #BCH??
If you don't know, #XEC is a fork of BCH that was created when the BCH network underwent a chainsplit on November 15, 2020. As such, these two chains have a lot in common. They share the same genesis block, the same total supply, consensus mechanism, hashing algorithm, emission schedule, and even the same transaction history until November 15, 2020.
🗣So what makes #XEC and BCH different?
🙋♂️ Funding: #XEC development is self-funded having 8% of each block reward going to the developer fund. This differs from BCH and other #Bitcoin forks where 100% of the block reward goes to miners and funding for developers must come from community donations and sponsors. Another way of putting it is that #XEC developers receive a stable and guaranteed revenue stream directly from the protocol, while BCH development must rely on the goodwill of its community.
🙋♂️ Incentives: Due to the self-funding mechanism in #XEC that guarantees revenues of over 26B XEC/year, #eCash developers are directly incentivized to make the coins as valuable as possible. Effectively, the higher the price, the higher their salary.
On the other hand, because Bitcoin Cash developers do not have a guaranteed income stream, they are primarily driven to play politics to curry favor with the most generous donors.
🙋♂️ Roadmap: As a result of Bitcoin ABC's leadership, the XEC project has a publicly available technical roadmap that lays out a comprehensive approach to how it aims to become the world's money. The near-term focus is to complete the implementation of Avalanche Post-Consensus to work in conjunction with the tried and true proof-of-work consensus mechanism. This would make the #eCash network nearly impossible to attack by 51% and one of the most secure chains in all of crypto. After that comes the activation of staking rewards, making #XEC the first Bitcoin fork to give holders a way to earn passive income to help secure the network while also adding more decentralization.
But as you can see that BCH has no such roadmap!!!
🙋♂️ Strategy: XEC's strategy is to focus on technical superiority. #eCash offers fast and efficient transactions with low fees compared to traditional banking systems and other #cryptocurrencies. The development team focuses on three main improvements to achieve its goal of being an effective P2P cash system:
✅Scaling transaction throughput from 100 transactions per second (TPS) to 5,000,000 TPS.
✅Reducing transaction finality time to near-instant confirmation times.
✅Extending the protocol and establishing fork-free upgrades.
The development team of eCash leverages cutting-edge technology to make eCash the most secure, scalable, and agile network in the crypto space.
On the other hand, BCH's strategy is to focus on better marketing and increasing merchant adoption through community-led efforts. They recently launched SmartBCH, an EVM compatible sidechain to try and attract defi users to BCH.
✍To summarize:
The #eCash project is led by Bitcoin ABC, one of the most experienced teams in all of crypto. They are funded directly from #XEC block rewards, aligning their incentives with the rest of the ecosystem. Their focus is on making technological improvements to provide the best version of peer-to-peer electronic money the world has ever seen. #eCash has several upcoming milestones that look to dramatically improve the user experience as it continues to make some of the boldest changes to the protocol in #Bitcoin's 13-year history.
Bitcoin Cash ( BCH) is a community-led project funded solely through donations from large holders. As such, you won't find an official roadmap, website, or social media presence. Their focus is on increasing merchant adoption and marketing for projects like smartBCH.
$XEC halving price direction strategy:
📉If it dips, I'll fill more bags.
↔️If it stays pretty constant like #ETH during The Merge, so be it.
📈If it moons like a #memecoin, let's make more noise and get #BTC whales to hear about #eCash, the best #bitcoin fork!!🚀
@nghiacc @satored_com @McGooserJr@eCashOfficial This talk by Amaury explains how Avalanche helps Bitcoin scale to TB sized blocks.
Don’t forget he used to work for Facebook where 1 TB/10 minutes is nothing, he knows what he’s talking about.
https://t.co/RejDVLA0YJ
@caincurrency when i first started crypto just a short while ago, i looked at both, i liked $XEC for the first impressions v BCH, like branding, the name, the website. then i liked the smaller denomination as i felt like its way easier to understand as the whole 8 decimals...
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