As financial surveillance becomes one of the most discussed topics ever, privacy-focused tokens such as Epic Cash are also gaining considerable attention. With that in mind, to help you understand how Epic Cash operates and how you can buy it safely, keep reading on:
Epic Cash (EPIC) Guide: A Privacy-First Cryptocurrency
Epic Cash is designed to be a lightweight, secure, and scalable digital currency that enables private transactions. This token runs on a decentralized PoW (Proof of Work) network that prioritizes privacy and scalability.
What’s more, the ecosystem is built on the Mimblewimble protocol that offers even more layers of privacy and minimizes congestion on the blockchain network. Compared to Bitcoin, the only other PoW token, where transaction histories are transparent, it takes privacy to a whole new level by obscuring the sender and receiver details. That ensures transaction validity.
What is Mimblewimble?
Mimblewimble is a unique decentralized blockchain protocol that’s designed to ensure high levels of privacy. At the same time, this protocol focuses on scalability. Mimblewimble was introduced anonymously by the pseudonym, Tom Elvis Jedusor.
Aside from that, this protocol is set to provide solutions to the problems that face Bitcoin. Mimblewimble’s ecosystem runs on confidential transactions, a CoinJoin mechanism, and cut-through technology to ensure efficiency and maintain its core values. These innovations allow Epic Cash to maintain a lean blockchain, preventing unnecessary storage bloat and improving scalability compared to traditional cryptocurrencies like Bitcoin.
How MimbleWimble Works
Compared to conventional blockchains that store a permanent record of all transactions, Mimblewimble optimizes data storage by eliminating unnecessary transaction history. It achieves this through Cut-Through technology, allowing older transaction inputs to be removed once they are no longer needed. And that drastically reduces the blockchain size.
Another key innovation is Confidential Transactions. This utilizes the Pedersen Commitments to conceal transaction amounts while still allowing the network to verify their validity. Additionally, CoinJoin bundles multiple transactions together. That ideally makes it difficult to determine which inputs correspond to which outputs.
Mimblewimble also eliminates traditional wallet addresses. It does enhance privacy, making transactions untraceable to specific individuals. Instead of fixed addresses, transactions occur through single-use private keys, ensuring that funds cannot be linked back to their origin.
By combining these techniques, Mimblewimble creates a blockchain that is both highly secure and efficient. That gives developers an ideal foundation for privacy-focused cryptocurrencies like Epic Cash.
Why Privacy Matters in Cryptocurrency
When it comes to personal financial information, privacy in financial transactions is crucial for individuals and businesses. That’s because, without privacy, users risk exposure to financial surveillance by governments and corporations that track transactions, censorship risks where authorities control funds, and unfair market manipulation.
To that effect, Epic Cash ensures financial sovereignty, allowing users to transact freely without oversight or manipulation.
Price Action of Epic Cash (EPIC) on CoinEx
Epic Cash had gone through a volatile price action over the last couple of months, exhibiting both upward and downward momentum. Initially, it experienced a strong bullish move, reaching a peak before facing resistance, which led to a subsequent decline. This suggests a short-term overbought condition where traders possibly took profits. Following the peak, the price corrected but found a level of support that prevented further immediate downside.
The recovery attempts that followed indicate potential buyer interest at lower levels, yet the inability to sustain a prolonged uptrend suggests weak bullish conviction or external market pressures. The price action appears to form a rounded top pattern, signaling potential distribution and a weakening trend. The failure to establish higher highs further supports a consolidation phase rather than a breakout.
On a fundamental level, it’s price movement may reflect market sentiment, liquidity availability, and speculative trading activity. Unfortunately, this coin is still subject to external factors such as broad market trends, exchange liquidity, and of course, investor sentiment shifts.
Overall, Epic Cash is currently displaying signs of weakening momentum, with sellers exerting pressure. A decisive move past key resistance levels would be required to confirm a bullish reversal, whereas a breakdown below the established support could trigger further declines.
How to Buy Epic Cash (EPIC) Safely
- Register/Login on CoinEx: Sign up and verify your account.
- Deposit: Transfer cryptocurrency or fiat currency to your CoinEx wallet.
- Search: Use the search bar to find Epic Cash token on the platform.
- Place an Order: enter your preferred amount and confirm your purchase.
Conclusion
Well, there you have it! With the help of Mimblewimble, Epic Cash is revolutionizing blockchain privacy. That’s currently put all the crypto attention on this crypto and could be the driving force this token needs to reach the next level. So, as financial surveillance grows, privacy-focused cryptos such as Epic Cash are impossible to ignore.
Even though this coin’s price is all over the place, it continues to gain a ton of traction. And that’s all that’s to its unique approach to decentralization and anonymity.
FAQ
What makes Epic Cash different from Bitcoin?
This token runs on the Mimblewimble protocol which enhances its privacy, scalability, and efficiency. On the other hand, Bitcoin has a transparent ledger where transaction details remain permanently visible.
How does Mimblewimble improve blockchain privacy?
This protocol eliminates wallet addresses, concealing transaction amounts. That makes it virtually impossible to trace individual payments giving tokens that run on this network another level of privacy. .
Where can I buy Epic Cash?
It’s available on exchanges like CoinEx and other exchanges.
Why is financial privacy important in cryptocurrency?
Financial privacy protects users from surveillance, censorship, and potential market manipulation. That ensures that transactions remain confidential and funds cannot be controlled by third parties.
EPIC Token Overview
- Name: Epic Cash (EPIC)
- Project Website: Epic Cash website
- Whitepaper: Epic Cash Whitepaper
- Explorer: Epic Cash Explorer
- Source Code: Epic Cash Github
- Total Supply: 21.00 M
- Category: PoW
- X: EpicCashTech
- Telegram: Epic Cash Community
- Supported CEX: CoinEx
- Convenient for users to know on time: https://www.coinex.com/en/info/EPIC
PS: The information in this article doesn’t constitute financial advice.
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