5M transactions per second: Part 1
読了時間: 3 分 The stated goal of the eCash project is to achieve 5M transactions per second, or 50 transactions per day for 10B humans on the planet. For comparison, Visa handles about 1700 transactions per second with claims that it can theoretically handle over 24,000 transactions per second. Basically, eCash is aiming for ~200x Visa’s theoretical limit. My goal over the next couple of articles is to explain in laymen’s terms how eCash will achieve 5M transactions per second. Let me be clear that I am not a software engineer, I don’t speak for the eCash project, and this is simply my understanding as someone without a technical background. I believe there […]
eCash Basics
読了時間: 3 分 eCash is led by the development team of Bitcoin ABC, the same team that created Bitcoin Cash in 2017. After three years of shepherding that project, ABC and much of the Bitcoin Cash community fell out of consensus when ABC proposed an infrastructure funding plan, or IFP, whereby 8% of the block reward would go towards funding development and infrastructure. This ultimately led to the Bitcoin Cash chain splitting in two on November 15, 2020. ABC’s newly forked network became the minority fork and was to be temporarily known as Bitcoin Cash ABC, or BCHA. Then on July 1, 2021, ABC announced their new project would henceforth be known as […]
eCashers 🙌
読了時間: 2 分 What is an eCasher? It’s anyone who holds XEC and firmly believes in the eCash project. eCashers come from different countries and backgrounds; we’re made up of crypto OGs, as well as those just getting started on their crypto journey and everyone in between. eCash is different from other cryptocurrencies that attempt to manipulate people using crypto influencers to hype their project. Those who find eCash do so by doing their own research and learning about its fundamentals. eCashers believe in economic freedom and the freedom to exit. No one is forced to buy, mine, or build on eCash, but anyone is free to do so without having to ask […]
Bcashers 🤦♂️
読了時間: 5 分 After the XEC/BCH split, I was pretty much kicked out of all the main BCH telegram channels. I’m not complaining. That’s their prerogative. But someone who is in those channels let me know that I was a topic of conversation recently, as was the eCash project overall. Apparently it all started when someone entered the chat asking if they should buy BCH or XEC, and the discussion that ensued went on over hours. Based on what I was told it sounded like there was a lot of misinformation being spread about myself as well as the eCash project, so I thought I would write an article to clarify some things. […]
Quick Review: Elon Musk by Walter Isaacson
読了時間: 3 分 The past few weeks I’ve been listening to the Elon Musk biography during my commute to and from work. It’s the first biography I’ve ever read or listened to, so I have nothing to compare it to, but I wanted to share with you, dear reader, my overall impression of both the book, and the man it describes. The book itself is long but easy enough to get through. It’s served in small segments corresponding to specific times in Elon’s life, both personal and professional, and often intertwined. You get a sense of what he was like as a child growing up in South Africa, what his family was like, […]
The biggest eCash whale
読了時間: 3 分 The other day a new Avalanche peer briefly joined the eCash network with a total stake of 18,934,792,139.08 XEC. It was suddenly the largest staker on the network, so I decided to do a little digging. The first thing I discovered was the stake was made up of two addresses: https://explorer.e.cash/address/ecash:qqqzwpmgxuxhejdy2f9zy37gqh4c9y2eu5n4swlugj https://explorer.e.cash/address/ecash:qpsqlcd0k9gzj9nr24gpedugwsntqp2u5ygeamfc33 Going back a few hops revealed that both addresses were connected to an early Bitcoin miner from all the way back in early 2010. 10B XEC wallet The first address holds 10B XEC and has remained untouched since it was created on October 16, 2017, presumably as a result of the owner splitting his BTC and BCH. Prior […]
Once Upon A Time in Bitcoin or: How eCash land was born
読了時間: 6 分 Imagine a new land called Bitcoin. A sovereign land discovered by a man named Satoshi. In that land is a precious natural resource by the same name. All are welcome. This Bitcoin land has magical powers that let’s anyone mine the Bitcoin, but only 1 block every ten minutes. The one who does is rewarded with Bitcoins, which serve as a reward for the miners for performing the work of securing the land from potential attackers. Soon, word gets out and more people come to mine Bitcoin. This is followed by settlers who come looking for a better future. They come and buy Bitcoins from the miners, which helps pay […]
The IFP: 8% v. 32%
読了時間: 6 分 It was recently revealed that the eCash infrastructure funding plan (IFP) would be going from 8% of the block reward, to 32% of the block reward. To be crystal clear, this has no impact on the overall supply or emission schedule of eCash. There is no additional inflation being introduced. It’s merely a reallocation of the block reward to take away some of the miner’s rewards to increase the amount received by developers. While most of the eCash community seemed to have no problem with this news, I thought I’d write something for the handful of people who did share their concerns, because to be totally honest, I had many […]
Huge eCash News!!!
読了時間: 3 分 Today we received three major updates regarding the future of the eCash project: After months of speculation, eCash supporters finally got word regarding the long awaited launch of staking rewards. They are set to coincide with the regularly scheduled network upgrade happening on November 15, 2023, which means those who run an Avalanche enabled eCash node will get to enjoy 5 months of staking rewards before the upcoming halving expected to occur sometime in April of 2024. We also found out that the initial reward will be set at 10% of the block reward. That means 625,000 XEC will be rewarded to stakers with each block that is mined. There […]
My ideal community
読了時間: 2 分 My ideal community goes something like this. A community that’s safe because the people who live there are capable of protecting themselves and their property. A community that values the freedom of the individual, the freedom of speech, the freedom to transact, the freedom of association, the freedom of religion, the freedom of assembly, the freedom of movement, the freedom of thought, and the freedom to exit. My ideal community punishes those who forcefully infringe upon the freedoms and rights of others, because it is full of people who seek to create and support a system that makes these freedoms possible. A community that believes in the rule of law, […]