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About ELCASH

What is Electric Cash (ELCASH)Electric Cash is a payment protocol designed to be accessible and lightweight, with a focus on reducing transaction fees. Fast and free transactions on a secure and decentralized network make ELCASH ideal for everyday payments.Electric Cash StakingThe Electric Cash network participants can stake ELCASH to govern the network and earn rewards from the staked amount. Staking will also reward users with additional benefits like free transactions and Governance Power (GP). Every Electric Cash holder can stake any number of his coins.Electric Cash Governance SystemIn order to achieve direct democracy Electric Cash implements a governance system. In the governance process, new changes can be proposed, designed, agreed upon and implemented. Changes are not limited to the blockchain source code technical details, but also may cover other important network and community issues. Thanks to the blockchain’s built-in voting mechanism, users can vote on proposals made both by the community members and/or core management team of Electric Cash.Is Electric Cash mineableDuring the early stages of development, ELCASH will operate using a merged mining process. It will allow ELCASH to leverage the hashing power of larger SHA-256 (Bitcoin-like) based chains ensuring the overall security of the new network. Merged mining is implemented with Bitcoin, since both cryptocurrencies use the same SHA-256 hash function. In this case, BTC is the parent chain and ELCASH is the auxiliary chain. As a result, Bitcoin’s (parent) Proof-of-Work solutions can be used to validate ELCASH (auxiliary chain) as an auxiliary Proof-of-Work (AuxPoW) consensus mechanism

Electric Cash (ELCASH) is a cryptocurrency launched in 2021. ELCASH has a current supply of 4.13M with 0 in circulation. The last known price of ELCASH is 0.518960072288 USD and is 0.000999801825 over the last 24 hours. It is currently trading on active market(s) with $42.33 traded over the last 24 hours. More information can be found at https://electriccash.global.

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ELCASH Price Statistics
ELCASH’s Price Today
24h Price Change
+$0.0009998018250.19%
24h Volume
$42.3353.96%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#7404
ELCASH Market Cap
Market Cap
$0
Fully Diluted Market Cap
$10.90M
ELCASH Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
ELCASH Supply
Circulating Supply
0
Total Supply
4.13M
Max Supply
21.00M
Updated Sep 01, 2024 12:45 pm
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ELCASH
Electric Cash
$0.518960072288
$0.000999801825(+0.19%)
Mkt Cap $0
There's nothing here for now
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Crypto KOL cygaar wrote on X: "The relationship between Ethereum L1 and L2 is now quite unbalanced. L2 gets the benefits of Ethereum security without contributing much value to ETH. I think there are two ways to restore balance: 1. Increase the minimum blob fee Currently, the blob fee is basically zero for rollups, which means that Ethereum gets almost no value from the L2 DA cost. In the world before EIP-4844, rollups have always been the largest source of Gas consumption for ETH, causing ETH to face strong deflationary pressure. However, because DA blobs are basically free, rollups no longer consume too much ETH. This, coupled with the reduction in execution activity on Ethereum L1, has caused ETH to become inflationary again. A perhaps more short-term solution is to increase the base blob fee. L2 must pay a certain amount of fees to use Ethereum DA. One could argue that increasing the cost of Ethereum DA will cause L2 to turn to alternative DAs. solution, but I think chains that want to truly inherit Ethereum security will still pay these costs. 2. Increase L2 usage The current blob pricing curve is set this way because researchers predict that there will be more demand for L2. However, apart from a few major events (initial blob release, blobscriptions, LZ airdrop), the cost of a blob has not exceeded the minimum fee. If L2 demand and usage increase, we may reach a state where the blob pricing curve can appropriately price DA blobs, resulting in a healthy level of ETH destruction on L1. In addition to the DA cost being quite large, the amount of Gas used for rollup settlement may also increase to a considerable amount. In the long run, this is the path that is most beneficial to the Ethereum ecosystem, but it also requires an intrinsic demand for L2 block space. We need more interesting consumer-facing applications to attract users and drive more on-chain usage. In this world, blob fees are almost never at the lowest price, and rollups will pay a large amount to inherit Ethereum's security. "
Sep 01, 2024 12:23 pm

Frequently Asked Questions

  • What is the all-time high price of Electric Cash (ELCASH)?

    The all-time high of ELCASH was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Electric Cash (ELCASH) is 0. The current price of ELCASH is down 0% from its all-time high.

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  • How much Electric Cash (ELCASH) is there in circulation?

    As of , there is currently 0 ELCASH in circulation. ELCASH has a maximum supply of 21.00M.

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  • What is the market cap of Electric Cash (ELCASH)?

    The current market cap of ELCASH is 0. It is calculated by multiplying the current supply of ELCASH by its real-time market price of 0.518960072288.

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  • What is the all-time low price of Electric Cash (ELCASH)?

    The all-time low of ELCASH was 0 , from which the coin is now up 0%. The all-time low price of Electric Cash (ELCASH) is 0. The current price of ELCASH is up 0% from its all-time low.

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  • Is Electric Cash (ELCASH) a good investment?

    Electric Cash (ELCASH) has a market capitalization of $0 and is ranked #7404 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Electric Cash (ELCASH) price trends and patterns to find the best time to purchase ELCASH.

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