Market Rank | #1767 |
---|---|
Market Cap | $ 13.1M |
Volume 24h | $ 1.8K |
Circ. Supply | 18.1M |
Total Supply | 18.1M |
Max Supply | 21.0M |
The price of Epic Cash (EPIC) currently stands at $ 0.72204600. Over the last 24 hours, it has decreased by -7.87%. It's essential to remember that cryptocurrency prices are highly volatile and can fluctuate widely in a very short period.
Epic Cash (EPIC) is a privacy-oriented cryptocurrency that aims to become a universal medium of exchange with strong privacy features. The project utilizes the MimbleWimble protocol to enhance transaction privacy by ensuring that transaction amounts and participants are obscured. This is achieved without compromising on scalability or speed. Epic Cash emphasizes sound economics and fair distribution, intending to create an accessible currency that can be used by anyone, anywhere.
The MimbleWimble protocol is a blockchain design that provides increased privacy and better network scalability by allowing the blockchain to store less data. This is accomplished through a system that combines multiple transactions into a single block, making it nearly impossible to decipher individual transfers. In the case of Epic Cash, MimbleWimble is central to its privacy-preserving capabilities, making transactions confidential and virtually untraceable.
One of the most prominent features of Epic Cash is its focus on privacy, aiming to make transactions untraceable and resistant to censorship or surveillance. Additionally, Epic Cash has taken measures to ensure fair distribution by making its mining process accessible to various hardware types, from high-end GPUs to average CPUs, allowing more people to participate in the mining and validation of transactions.
Epic Cash leverages the cryptographic principles of MimbleWimble, which includes Confidential Transactions and CoinJoin. With Confidential Transactions, the values transferred in a transaction are encrypted by blinding factors, which obscure the amounts involved. CoinJoin pools multiple payments into a single transaction to hide the linkage between sender and receiver. Furthermore, there are no addresses in the MimbleWimble protocol, which makes the flow of funds within the network even less transparent.
The security of the Epic Cash network is upheld using a Proof of Work (PoW) consensus mechanism, which requires miners to use computational resources to validate transactions and secure the network. The accessibility of Epic Cash mining ensures a wide distribution of miners, which, in turn, helps decentralize network security.
Epic Cash's distribution model is designed to be fair and equitable. The mining process, supported on a variety of devices, means that individuals with less resources can compete effectively with those who have access to more powerful and specialized equipment. This inclusiveness promotes a broad miner base and a decentralized network, which inherently supports fair distribution of the currency.
As of now, there are 18.1M Epic Cash coins in circulation. The project might have a capped total supply, similar to how Bitcoin has a fixed supply limit, which impacts its scarcity and potential value over time. The total supply information for Epic Cash is 18.1M.
Epic Cash (EPIC) can be purchased on several cryptocurrency exchanges. To get the most up-to-date list of platforms where EPIC is available for trading, you should visit the official website or check the latest information on crypto market trackers. Some of the exchanges where you could buy Epic Cash include TradeOgre.
Storing Epic Cash safely involves using reputable wallets that provide robust security features. It is recommended to use wallets that are designed specifically for privacy coins like Epic Cash, or generally, for cryptocurrencies using the MimbleWimble protocol. Always ensure that you are following best practices for securing your private keys and backup phrases, and consider utilizing hardware wallets for an extra layer of security.
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