Ethereum Cash (ECASH)

Description of the crypto currency, history, advantages and disadvantages

Ethereum Cash (shortened ECASH) - it is a digital currency, of which there is practically no information on the Internet today, despite the fact that it is a technical branch from the world-famous Ethereum token. The total number of ECASH is 15 million units. The coin was created in case if the original Ethereum encountered would have any problems.

The reason for its appearance is simple: the founder of ECASH Vitaliy Buterin stated that he doesn’t want the Ethereum project to be somehow connected with the crypto currency. He doesn’t plan to develop his company in this direction. Buterin focused on making Ethereum a convenient platform for developers to help them create software products based on smart contract technology. In contrast, ECASH is a pure currency in the form of a pure crypto currency. It functions within the original rules of the Ethereum chain. In its mining, there is no reduction in the amount of remuneration for the block.

The basis of the functional coin is the blockchain Proof of Work. PoW technology is an algorithm for protecting network systems from spam mailing, DoS attacks and other abuses by their participants. The essence of her work is that the client needs to perform a fairly long and complex work, the result of which can almost instantly be analyzed on the server. The tasks that are offered to the client are not intended for people. And computers can always solve them at certain times, but for a faster resolution, they require fairly large processing power.

The main aim that ECASH developers set for themselves is to attract as many people as possible to use the crypto currency, in terms of their financial wealth related to the middle class. It is supposed that this will allow increasing the number of daily transactions, will help to introduce digital currencies more closely not only in the global capitalist market, but also in simple life of everybody.

The creators of Ethereum Cash want to integrate their token in the top 3 most used cryptographic coins in the world. They want to create a reliable, fair and evenly distributed resource of exchanging . The main declared goal is to become a real international currency, which can be used to purchase any goods and services on the planet Earth.

As we see, ECASH developers' statements are extremely ambitious. Literally, in each of their thoughts we can see the desire for globalization and socialism. But what is behind these words? Does this pathos has any reliable foundation?

Today this project has several indisputable advantages:

1. Having a convenient application for smartphones. The program is in free access on Google Play. It allows you to purchase and store ECASH tokens, as well as to pay for the services of Canada Post.
2. New blocks are generated very quickly: only 15 seconds per block.
3. The system functions decentralized, which guarantees the security of transactions.

But there are significant disadvantages. For example, using the ECASH application today, you can only pay for Canada Post services. Other companies don’t accept this digital currency. The main aim for which a token was created was not achieved even by a thousandth of a percent. And there is no progress in this direction.

It’s not easy to find information about ECASH in the news field. There is also no information about how this coin is related to Ethereum. That’s why there is no real reason to trust this project. Its official web resource http://www.ethereumcash.technology/ is a beautiful one-page business card site. Here you can’t register or download any content. And there is no data about the developers.

The capitalization of ECASH is only about 1.6 million dollars. This is a very modest indicator, especially if we consider it through the prism of the sweeping plans of the creators of the token.

Forecasts and prospects

A little more than 320,000 currency units are involved in the auction, which is quite small, in fact there are 15 million of them. It is possible that the current price of $ 0.11 for 1 ECASH is due to a modest offer. And where are the other coins? Who knows how many developers have already lured to them? There are no answers to these questions. The risk of a collapse of the course is high. Theoretically, the creators of Ethereum Cash may well arrange a pamp of their offspring - to buy a large number of coins on the exchange and thereby raise the price, which will cause increased demand. And then they will just sell everything they bought, and even a couple of millions of hidden tokens will come to the top. And investors will remain fools, having in their hands impaired coins.

Moreover, something similar has already happened, and not so long time ago. On January 8, ECASH cost was about 5 cents. This was followed by unexpected growth, as a result of which on January 12 the token was valued around $ 0.72. Literally the next day the rate fell more than twice - to 30 cents. And then, occasionally rising, it had fallen to the present state. On February 12, 2018, the price of the coin is only $ 0.11.

That’s why we can make an obvious conclusion: it is not necessary to acquire a coin until its developers "come out of the shadows" and begin to engage in real work that will be widely covered in the media. However, if you are a risky big player, nothing prevents you from shaking this token. The total value of all ECASH, which is now on sale, does not exceed $ 22,000. This means that for the pump, you do not need so much money. The main thing is that the developers, seeing your activity, do not throw in the market a new lot of coins. And this is quite possible. Therefore, it is better not to contact the project at all.
However, if you have an extra $ 20,000, you do not feel sorry for them, and you do not know where to put them, you can buy up everything that is on the market right now.

Where to buy, how to mine and store
Theoretically, the mining of this digital currency should be quite simple. But it depends on how many units are currently mined. Information about this is hidden, therefore, one can not even give an approximate estimate of the prospects of such an undertaking. The problem is further aggravated by the fact that there is no information about what exactly needs to be done in order to extract this currency. There are no program-miners, no pools.
You can buy a token on the YoBit exchange (in exchange for DOGE, BTC or WAVES), and also through the ECASH application. This program for smartphones can also be used as a wallet for Ethereum Classic. If you do not want to use this software, then keep the coin on the balance of your account on the exchange. It is usually assumed that storing crypto currency on exchange accounts is the most unsafe option. But in this particular case, there is no reason to believe that a proprietary application from developers will be more reliable.