Overview of eCash (XEC)

• eCash is a decentralized finance (DeFi) platform that supports Ethereum Virtual Machine (EVM) compatibility and aims to scale transaction speed while reducing costs.
• The asset’s price recently broke above the $0.00002 price level on January 23, 2023, trading at $0.00003694 in the last 24 hours.
• The network recently announced Avalanche Pre-Consensus upgrade which offers almost instant transaction finalization.

Price Movement

eCash has seen an increase in its price over the past 30 days with its 30-day high at $0.00004428 and its 30-day low at $0.00003424. The asset’s current slump can be attributed to different factors on the eCash network such as recent updates, market sentiment and more.

Avalanche Post-Consensus

Avalanche Post-Consensus was announced on the eCash network on January 30, 2023, offering 51% attack prevention on the eCash network and supporting finalization of blocks by individual nodes forming a consensus to ignore random or late blocks that appear in an attack situation. This feature makes it faster than traditional Proof-of-Work reliant crypto like bitcoin as it reduces confirmation time from 10 minutes to just a few seconds once finalized and transactions are irreversible once finalized as well.

Avalanche Pre-Consensus

On January 30th, 2023 a new upgrade was announced – Avalanche Pre-Consensus which will validate each transaction before adding it to a block for near-instant transaction finalization with confidence that finalized transactions cannot be reversed. This would set up a firm foundation for eCash to achieve global scale allowing users of the eCash network to benefit from this upgrade once launched soon on their platform.

Conclusion

eCash has seen promising progress in February 2023 due to various updates made available on their platform such as Avalanche Post – Consensus and Avalanche Pre – Consensus upgrades which provide powerful features such as 51% attack prevention, faster transaction times and irreversible transactions upon being finalized all aimed at scaling up their user base for global adoption of their DeFi solutions provided through their innovative platform powered by Ethereum Virtual Machines (EVMs).