Author: Art

In the fast-paced blockchain sphere, eCash has emerged as a significant contender. As a rebrand of Bitcoin ABC, it’s enhancing as an electronic cash system through key developments such as Avalanche Post-Consensus integration, offering enhanced security and transaction speed.

Future innovations include the Pre-Consensus milestone, user-friendly Aliases, and the introduction of staking rewards. Together, these enhancements aim to secure eCash’s place as an optimally usable and scalable form of electronic cash. Let’s delve deeper into what the future holds for eCash.

1. Avalanche Post-Consensus Integration

The recent integration of Avalanche Post-Consensus protocol is key to eCash’s evolution. Avalanche, a groundbreaking consensus protocol from 2018, offers a unique counterpart to the Nakamoto consensus that Bitcoin and eCash use. While Nakamoto secures transactions over long timeframes, Avalanche excels in short-term security. This blend in eCash capitalizes on the strengths of both while reducing their weaknesses. 

Avalanche enhances eCash’s consensus speed, security, and extensibility, while Nakamoto maintains the trustless blockchain nature for node bootstrapping. This integration of Avalanche consensus on eCash should not be confused with the AVAX Avalanche project. The eCash project has independently incorporated the same consensus protocol that AVAX utilizes.

However, eCash uniquely combines this Avalanche consensus with its base Nakamoto protocol. This integration signifies a big leap in eCash’s development, charting the path for long-term scaling and future enhancements.

2. Upcoming Developments in eCash

eCash is on track to redefine the electronic cash system with several key developments on the horizon.

The Pre-Consensus milestone, one of the most awaited, promises nearly instantaneous transactions, eliminating long waiting times for exchange deposits and significantly improving user experience.

Subsequent to this milestone, Avalanche consensus integration will enable Subchain technology, allowing applications or protocols to run on their own subchains, rather than on the base layer. This introduces promising possibilities like Ethereum Virtual Machine (EVM) and a Zero-Knowledge Subchain, improving chain extensibility, interoperability, and privacy.

The Avalanche integration also simplifies chain upgrades, eliminating the need for coordinated hard-forks. These future advancements reinforce eCash’s dedication to ongoing innovation in the realm of electronic cash systems.

3. Aliases Protocol and .xec Namespaces

In the pursuit of enhancing user experience and transaction convenience, eCash is introducing the Aliases protocol, providing an option to acquire .xec namespaces for eCash addresses. Simplifying the complex, long address strings that typically characterize cryptocurrencies, this innovation is a significant step towards user-friendly blockchain technology.

Instead of using traditional address strings such as “ecash:qrxu0ytqnea7…”, users can buy an alias like “johndoe.xec” and associate it with their eCash address. It allows users to share their alias instead of a complicated address, making the process of sending and receiving eCash or eTokens straightforward and intuitive.

This feature is nearing completion, with an already functional Minimum Viable Product (MVP) in place. The initial implementation will be in eCash’s reference wallet, Cashtab.com, followed by a broader rollout to other wallets.

One of the noteworthy aspects of the Aliases protocol is its on-chain storage of the relevant lookup data. This approach ensures that it’s an open protocol, enabling any eCash wallet to integrate it seamlessly. For the user, this means they can buy and, in the future, potentially sell aliases directly through the Cashtab.com app.

In essence, the Aliases protocol and .xec namespaces are game-changers. They not only offer a much simpler user experience but also pave the way for the future tokenization of aliases, enabling users to trade their aliases with each other.

4. Chronik Indexer and Its Role

Adding to its arsenal of innovative developments, eCash is introducing the Chronik Indexer, a project approved and funded by the eCash Global Network Council (GNC). The role of a blockchain indexer is fundamental—it keeps track of copious amounts of aggregated information about transactions and blocks. However, the eCash Chronik project brings a unique twist to this crucial infrastructure.

Instead of operating as a separate entity, the Chronik Indexer is integrated directly into the Bitcoin ABC node software, which simplifies the logic and prevents the duplication of tasks undertaken by the node. This novel approach has been proposed multiple times on Bitcoin, but it’s the eCash network that is bringing this idea to fruition.

This integration significantly eases the building of applications that interact directly with the eCash blockchain. Developers and entrepreneurs aiming to build atop eCash can run their Bitcoin ABC node with specific flags turned on to activate the indexing functions they require, creating a streamlined and user-friendly process.

The overarching goal of the Chronik Indexer and other similar innovations is to create a technical infrastructure that enables eCash to compete with Central Bank Digital Currencies (CBDCs). The Indexer is a critical piece of this puzzle, contributing towards the robust and efficient infrastructure that makes eCash a viable and appealing digital currency choice.

5. Staking Rewards on eCash

A forward-thinking innovation that eCash plans to integrate into its ecosystem is staking rewards, a feature that is particularly unique for a Bitcoin-based chain. Before diving into the eCash-specific application, it is crucial to understand the concept of staking within blockchain networks.

Staking generally involves participants, or “stakers,” locking up a portion of their cryptocurrency in the network to support operations such as validating transactions. In return, these stakers receive rewards, incentivizing their participation and contribution to network security.

The introduction of staking rewards in eCash is primarily designed to incentivize the operation of well-connected Avalanche-enabled nodes. By doing so, the network is expected to become more agile and secure. An interesting twist to eCash’s approach to staking is that the coins do not need to be locked up or sent to anyone in any way. Instead, the stake proofs, whether delegated or not, remain valid as long as the coins do not move.

In practice, this means that participants simply hold their coins on a specific address, generate a stake proof, and use it for their eCash node with Avalanche enabled. This method presents a potentially simpler and less restrictive approach to staking compared to other networks.

While the exact implementation of staking rewards is still being discussed by the team, its introduction is progressing and has a high priority on the list of upcoming features. As such, staking rewards are likely to play a significant role in shaping the future of eCash.

Conclusion

In conclusion, the future of eCash looks remarkably promising with its innovative fusion of Avalanche and Nakamoto consensus, the development of subchain technologies, user-friendly aliases, the state-of-the-art Chronik Indexer, and anticipated staking rewards. Each of these features brings eCash a step closer to becoming a robust, scalable, and user-friendly digital currency ecosystem.

As we continue to witness these developments unfold, eCash is positioning itself not only as a viable alternative to Central Bank Digital Currencies but also as a leader in blockchain innovation.

How to buy eCash (XEC) with crypto

With Swapzone, you have access to a variety of $XEC offers and can exchange it at the best rates and conditions without commission, registration, or limits. Here’s a simple guide to buying eCash on Swapzone:

1. Choose the XEC swap pair you want (e.g. BTC to XEC).
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6. Send your XEC deposit to the provided address.
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8. Receive your XEC tokens in your wallet!

In the dynamic universe of cryptocurrencies, the Pitbull token, also known as Pitbull coin or simply PIT, exemplifies the transformative power of community involvement in the decentralized finance sphere. The distinctive blend of progressive tokenomics, accessible and innovative platforms, and the potential for consistent expansion has drawn numerous enthusiasts to the project.

1. Understanding the Pitbull Token

At its core, the Pitbull token is a self-staking token that, upon its creation, renounced its ownership to empower its community fully. Launched on the Binance Smart Chain network in March 2021, the Pitbull project has since blossomed, thanks to its dedicated community.

The Pitbull crypto has grown rapidly, with the project attracting volunteers from various professional backgrounds including graphic design, web development, marketing, data analysis, translation, and more. This diverse pool of talent has facilitated Pitbull’s growth into an inspiring example of community-driven success.

Pitbull Token: Transparency and Security

The Pitbull token is built on the twin pillars of transparency and security. To ensure its integrity, the project uses a contract that is impossible to modify and has a liquidity pool that cannot be withdrawn. As a community-driven project, the Pitbull team is entirely composed of community volunteers, making the coin not just a token, but also a remarkable social experiment. Community votes guide the project’s direction, enabling a democratic decision-making process. 

The Pitbull project, emphasizing the safety of its community, has undergone professional auditing by TechRate, revealing no high-severity, medium-severity, or low-severity issues. The Pitbull token contract and related details can be easily accessed and scrutinized on the Binance Smart Chain network, further solidifying its commitment to transparency and security.

Pitbull Coin: A Token with Community at Its Core

Unlike traditional tokens, Pitbull coin operates with no dev wallets. Instead, it utilizes a community wallet for members to contribute funds to help build the project. This wallet, secured by multi-sig protection, has funded numerous initiatives for the Pitbull project and even charitable donations.

The Pitbull crypto’s tokenomics are another testament to its innovative approach. Starting with an initial supply of 100,000,000,000,000,000, half of which was burnt and sent to a dead address before the coin’s release, the token has an automatic distribution mechanism.

Each transaction triggers a 2% distribution to all holders and another 2% that goes towards an eternally locked liquidity pool, rewarding investors and creating a constantly rising price floor. As of May 2021, over 57% of the total supply has been burnt.

2. Pit Crypto: Ecosystem and Use Cases

Pit crypto’s ecosystem serves as a treasure trove of features and tools, designed to cater to the needs of its vibrant and growing community. Unlike many other cryptocurrencies, the Pitbull token goes beyond a simple trading asset, offering a comprehensive and engaging ecosystem for its holders.

In just over two months from its launch date, the volunteer developers have brought multiple projects to life, with several others in planning or development stages.

PitTracker and PitCharts: Empowering Investors

Two notable tools in the Pit crypto ecosystem are PitTracker and PitCharts. PitTracker allows investors to monitor their PIT token holdings effortlessly and offers a precise breakdown of the auto-staking rewards they’ve earned. This simple but powerful tool plays a crucial role in making investing in Pitbull token a rewarding experience for its holders.

In contrast, PitCharts provides a robust charting and analysis platform for all tokens on the Binance Smart Chain. This analytical tool, once fully released, will incorporate ad spaces and premium features that require PIT tokens to use, simultaneously boosting the token’s utility and project funding.

PitFarm and PitSwap: Enhancing Utility and User Experience

The Pit crypto ecosystem goes beyond just tracking and analysis tools. PitFarm introduces an innovative staking concept where users can stake PIT-BNB v1 for points, which can then be redeemed for official Pitbull NFTs. The platform also enables users to purchase these NFTs directly, with sales contributing to the Pitbull community fund and artist fees. 

PitSwap, on the other hand, offers an Automated Market Maker tool that simplifies the trading process for newcomers looking to buy Pitbull token. This tool is slated to evolve into a comprehensive ecosystem akin to PCS, further adding to the potential uses and benefits of the Pitbull token.

3. The Future: PitStore, PitStop, PitFund, and PitGames

The future of the Pit crypto ecosystem looks promising, with numerous exciting projects in the pipeline. These include PitStore for merchandise purchases, PitStop as a unified tool webpage, PitFund as a fundraising platform, and PitGames for in-browser gaming.

Each project is designed to further integrate PIT into the everyday lives of its community, enhancing the token’s use case while fostering a thriving community.

4. Investing in Pitbull Token

Whether you’re a seasoned investor or a newcomer in the crypto world, the choice to buy Pitbull token can be a considerable step. It not only offers potential financial rewards, thanks to its unique tokenomics and growing ecosystem, but also allows investors to be part of a dynamic community actively shaping the project’s direction.

However, as with all investment opportunities, one should exercise due diligence when investing in Pitbull coin. Although its unique security measures and community-driven approach are promising, it’s crucial to understand the token’s volatility and the overall unpredictability of the crypto market.

Conclusion

The Pitbull token, through its transparent operations, strong security measures, and a rapidly growing ecosystem, presents a compelling case for the potential of community-driven crypto projects. Its continued success hinges on its community’s engagement, demonstrating the power of collective effort in the era of decentralization.

Whether you’re considering an investment or merely intrigued by its operations, the Pitbull coin embodies the convergence of community spirit and blockchain innovation – a project to watch as it continues to evolve within the crypto landscape.

How to buy $PIT with Crypto

With Swapzone, you have access to a variety of $PIT offers and can exchange it at the best rates and conditions without commission, registration, or limits. Here’s a simple guide to buying PIT coin on Swapzone:

1. Choose the PIT swap pair you want (e.g. BTC to PIT).
2. Enter the total amount of BTC you wish to exchange.
3. Select the best BTC to PIT swap offer available.
4. Click on the Exchange button.
5. Enter the wallet address where you want to receive your PIT coins.
6. Send your PIT deposit to the provided address.
7. Wait for your BTC-PIT swap to be processed.
8. Receive your PIT tokens in your wallet!