• eCash (XEC) has seen a positive price trend over the last 30 days, reaching its 30-day high of $0.00004428.
• The network was created to bring Decentralized Finance (DeFi) solutions to crypto users and to support Ethereum Virtual Machine (EVM) compatibility.
• Avalanche Pre-Consensus, an upgrade announced by eCash on January 30, 2023, will reduce transaction confirmation time from 10 minutes to just a few seconds.
eCash (XEC) Price Prediction
The recent price gains of eCash (XEC) are due to different factors on the network that could potentially influence its price trend in the future.
The Avalanche Post-Consensus is a game-changer for eCash as it provides 51% attack prevention on the network. This is vital for miners since eCash shares the same SHA256 algorithm with Bitcoin (BTC). With this consensus, individual nodes form a consensus to finalize blocks on the network and any random or late blocks appearing will be ignored.
The Avalanche Pre-Consensus upgrade was announced by eCash on January 30, 2023 and offers almost instant transaction finalization where transactions are irreversible once finalized. Additionally, this upgrade will validate each transaction before adding it to a block and thus reduce confirmation time of transactions from 10 minutes to just a few seconds – making it faster than Proof-of-Work reliant cryptos like bitcoin.
eCash Network Updates Influencing Its Price Trend
The two upgrades mentioned above have been released or announced by eCash recently which could be influencing its current price trend in the market today. With these changes, users of the eCash network can benefit from near-instant transaction finalization with greater confidence that finalized transactions cannot be reversed.
In conclusion, it appears that the current slumps in eCash’s value may not be permanent as new updates on the network have enabled faster transaction confirmations while also providing security against potential attacks through 51% attack prevention measures implemented by Avalanche Post Consensus protocol. Thus investors should keep an eye out for further news regarding eCash as these updates may result in an increase in value for XEC tokens soon!