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What coin is xec?

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Release: 2024-05-07 10:37:03
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XEC coin is a digital currency based on the hard fork of Bitcoin and has the following characteristics: fast transaction speed and can handle millions of transactions per second. Transaction fees are low and suitable for small payments. The supply is unlimited and increases over time. Supports smart contracts, allowing the construction of decentralized applications.

What coin is xec?

#What is XEC Coin?

XEC coin, the full name is eCash, is a digital currency based on the Bitcoin fork chain. It originated from the 2021 hard fork of Bitcoin and was developed by the original Bitcoin Cash team.

Features of XEC:

  • Higher transaction speed: XEC uses a scaling technology called Bit Sword, which can increase transaction processing speed to millions of transactions per second.
  • Lower Transaction Fees: XEC transaction fees are much lower than Bitcoin, making it more suitable for small payments.
  • Unlimited Supply: Unlike Bitcoin’s maximum supply of 21 million coins, XEC’s supply is unlimited and designed to increase over time.
  • Smart Contract Features: XEC introduces smart contract features that allow developers to create and execute complex applications on the blockchain.

Use of XEC:

  • Everyday Payments: Due to its low transaction fees, XEC is ideal for everyday payments, such as purchasing goods or services.
  • Investment: As a digital asset, XEC can be traded and invested like stocks or bonds.
  • Development: Smart contract functionality enables developers to build decentralized applications (dApps) on the XEC blockchain.

The difference between XEC and Bitcoin:

  • Transaction Speed: XEC’s transaction speed is much faster than Bitcoin.
  • Transaction Fees: XEC’s transaction fees are much lower than Bitcoin.
  • Supply: XEC has an unlimited supply, while Bitcoin has a limited supply.
  • Smart contracts: XEC supports smart contracts, while Bitcoin does not.

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